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Stock and Stock-Based Incentive Plans (Tables)
 9 Months Ended
Nov. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Common Stock Repurchases
Common Stock Repurchases
 Three Months EndedNine Months Ended
 November 30November 30
 2024202320242023
Number of shares repurchased (in thousands)
1,505.1 648.5 4,327.5 648.5 
Average cost per share$76.26 $64.60 $75.05 $64.60 
Available for repurchase, as of end of period (in millions)
$2,035.3 $2,409.4 $2,035.3 $2,409.4 
Composition of Share-Based Compensation Expense
Composition of Share-Based Compensation Expense
 Three Months EndedNine Months Ended
 November 30November 30
(In thousands)2024202320242023
Cost of sales$1,250 $692 $3,898 $3,277 
CarMax Auto Finance income1,427 1,016 3,561 2,663 
Selling, general and administrative expenses22,252 19,918 101,486 86,516 
Share-based compensation expense, before income taxes$24,929 $21,626 $108,945 $92,456 
Composition Of Share-Based Compensation Expense - By Grant Type
Composition of Share-Based Compensation Expense – By Grant Type
 Three Months EndedNine Months Ended
 November 30November 30
(In thousands)2024202320242023
Nonqualified stock options$6,760 $12,334 $34,878 $40,061 
Cash-settled restricted stock units (RSUs)13,156 5,306 41,823 33,221 
Stock-settled market stock units (MSUs)3,789 3,531 15,556 13,639 
Other share-based incentives:
Stock-settled performance stock units (PSUs)713 (137)13,014 1,401 
Restricted stock (RSAs)— — — 307 
Stock-settled deferred stock units (DSUs)— — 1,850 1,850 
Employee stock purchase plan511 592 1,824 1,977 
Total other share-based incentives$1,224 $455 $16,688 $5,535 
Share-based compensation expense, before income taxes$24,929 $21,626 $108,945 $92,456 
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award
Share/Unit Activity
Nine Months Ended November 30, 2024
Equity ClassifiedLiability Classified
(Shares/units in thousands)OptionsMSUsOtherRSUs
Outstanding as of February 29, 20247,393 383 195 1,297 
Granted1,233 239 263 918 
Exercised or vested and converted(564)(79)(47)(563)
Cancelled(148)(18)— (92)
Outstanding as of November 30, 20247,914 525 411 1,560 
Weighted average grant date fair value per share/unit:
Granted$29.21 $95.78 $69.43 $67.22 
Ending outstanding$28.14 $104.13 $75.26 $71.06 
As of November 30, 2024
Unrecognized compensation (in millions)
$39.8 $20.5 $4.0