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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Nov. 30, 2024
Nov. 30, 2023
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 6,223,371 $ 6,148,538 $ 20,350,297 $ 20,909,437
TOTAL COST OF SALES 5,545,725 5,535,675 18,120,289 18,782,419
GROSS PROFIT  677,646 612,863 2,230,008 2,127,018
CARMAX AUTO FINANCE INCOME  159,885 148,659 422,435 421,004
Selling, general and administrative expenses 575,764 559,962 1,824,904 1,705,493
Depreciation, Depletion and Amortization, Nonproduction 64,507 60,623 190,277 177,859
Interest expense 25,418 31,265 83,801 93,316
Other expense (income) 5,370 (886) 2,505 (4,730)
Earnings before income taxes 166,472 110,558 550,956 576,084
Income tax provision 41,031 28,555 140,266 147,148
NET EARNINGS  $ 125,441 $ 82,003 $ 410,690 $ 428,936
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 154,582 158,446 155,874 158,347
Diluted, shares 155,265 158,799 156,504 158,866
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.81 $ 0.52 $ 2.63 $ 2.71
Diluted (in dollars per share) $ 0.81 $ 0.52 $ 2.62 $ 2.70
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 4,888,858 $ 4,832,077 $ 16,243,415 $ 16,424,691
TOTAL COST OF SALES 4,464,016 4,434,165 14,844,310 15,060,045
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,168,639 1,165,204 3,579,543 4,001,542
TOTAL COST OF SALES 1,030,564 1,042,303 3,146,465 3,574,200
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 165,874 151,257 527,339 483,204
TOTAL COST OF SALES $ 51,145 $ 59,207 $ 129,514 $ 148,174
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 89.10% 90.00% 89.00% 89.80%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.90% 10.00% 11.00% 10.20%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.60% 2.40% 2.10% 2.00%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.30% 9.10% 9.00% 8.20%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.00% 1.00% 0.90% 0.90%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.40% 0.50% 0.40% 0.40%
Other expense (income)        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.10% 0.00% 0.00% 0.00%
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.70% 1.80% 2.70% 2.80%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.70% 0.50% 0.70% 0.70%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.00% 1.30% 2.00% 2.10%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 78.60% 78.60% 79.80% 78.60%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 18.80% 19.00% 17.60% 19.10%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.70% 2.50% 2.60% 2.30%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 71.70% 72.10% 72.90% 72.00%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 16.60% 17.00% 15.50% 17.10%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.80% 1.00% 0.60% 0.70%