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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2023
Nov. 30, 2022
Nov. 30, 2023
Nov. 30, 2022
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 6,148,538 $ 6,505,956 $ 20,909,437 $ 23,962,380
TOTAL COST OF SALES 5,535,675 5,929,268 18,782,419 21,773,156
GROSS PROFIT  612,863 576,688 2,127,018 2,189,224
CARMAX AUTO FINANCE INCOME  148,659 152,196 421,004 539,538
Selling, general and administrative expenses 559,962 591,727 1,705,493 1,914,508
Depreciation, Depletion and Amortization, Nonproduction 60,623 57,377 177,859 170,717
Interest expense 31,265 30,150 93,316 91,670
Other income (886) (363) (4,730) (2,303)
Earnings before income taxes 110,558 49,993 576,084 554,170
Income tax provision 28,555 12,413 147,148 138,420
NET EARNINGS  $ 82,003 $ 37,580 $ 428,936 $ 415,750
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 158,446 158,003 158,347 159,044
Diluted, shares 158,799 158,536 158,866 160,195
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.52 $ 0.24 $ 2.71 $ 2.61
Diluted (in dollars per share) $ 0.52 $ 0.24 $ 2.70 $ 2.60
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 4,832,077 $ 5,204,584 $ 16,424,691 $ 18,503,159
TOTAL COST OF SALES 4,434,165 4,801,790 15,060,045 17,041,898
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,165,204 1,152,207 4,001,542 4,959,050
TOTAL COST OF SALES 1,042,303 1,037,534 3,574,200 4,512,053
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 151,257 149,165 483,204 500,171
TOTAL COST OF SALES $ 59,207 $ 89,944 $ 148,174 $ 219,205
NET SALES AND OPERATING REVENUES        
Percentage of Sales        
Item as a percent of net sales and operating revenues 100.00% 100.00% 100.00% 100.00%
TOTAL COST OF SALES        
Percentage of Sales        
Item as a percent of net sales and operating revenues 90.00% 91.10% 89.80% 90.90%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.00% 8.90% 10.20% 9.10%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.40% 2.30% 2.00% 2.30%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.10% 9.10% 8.20% 8.00%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.00% 0.90% 0.90% 0.70%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.50% 0.50% 0.40% 0.40%
Other income        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.00% 0.00% 0.00% 0.00%
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.80% 0.80% 2.80% 2.30%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.50% 0.20% 0.70% 0.60%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.30% 0.60% 2.10% 1.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 78.60% 80.00% 78.60% 77.20%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 19.00% 17.70% 19.10% 20.70%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.50% 2.30% 2.30% 2.10%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 72.10% 73.80% 72.00% 71.10%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 17.00% 15.90% 17.10% 18.80%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.00% 1.40% 0.70% 0.90%