CarMax Auto Finance (Tables)

3 Months Ended

May 31, 2025

CarMax Auto Finance Income [Abstract]

Components Of CarMax Auto Finance Income

Components of CAF Income

	Three Months Ended May 31
(In millions)	2025		2024
Interest margin:
Interest and fee income	$	485.4	$	452.5
Interest expense	(197.5)		(182.3)
Total interest margin	287.9		270.2
Provision for loan losses	(101.7)		(81.2)
Total interest margin after provision for loan losses	186.2		189.0
Direct expenses:
Payroll and fringe benefit expense	(20.0)		(18.6)
Depreciation and amortization	(4.3)		(4.2)
Other direct expenses	(20.2)		(19.2)
Total direct expenses	(44.5)		(42.0)
CarMax Auto Finance income	$	141.7	$	147.0