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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Aug. 31, 2025
Aug. 31, 2024
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 6,594,684 $ 7,013,529 $ 14,141,225 $ 14,126,926
TOTAL COST OF SALES 5,877,018 6,253,062 12,529,936 12,574,564
GROSS PROFIT  717,666 760,467 1,611,289 1,552,362
CARMAX AUTO FINANCE INCOME  102,638 115,580 244,288 262,550
Selling, general and administrative expenses 601,093 610,562 1,260,736 1,249,140
Depreciation, Depletion and Amortization, Nonproduction 67,285 63,901 133,024 125,770
Interest expense 28,453 27,021 55,523 58,383
Other income (3,624) (3,281) (3,933) (2,865)
Earnings before income taxes 127,097 177,844 410,227 384,484
Income tax provision 31,719 45,035 104,468 99,235
NET EARNINGS  $ 95,378 $ 132,809 $ 305,759 $ 285,249
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 149,291 155,866 150,714 156,513
Diluted, shares 149,637 156,526 151,122 157,116
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.64 $ 0.85 $ 2.03 $ 1.82
Diluted (in dollars per share) $ 0.64 $ 0.85 $ 2.02 $ 1.82
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 5,270,712 $ 5,677,081 $ 11,374,152 $ 11,354,557
TOTAL COST OF SALES 4,828,095 5,198,315 10,377,352 10,380,294
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,149,568 1,154,465 2,402,306 2,410,904
TOTAL COST OF SALES 1,012,248 1,016,590 2,108,415 2,115,901
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 174,404 181,983 364,767 361,465
TOTAL COST OF SALES $ 36,675 $ 38,157 $ 44,169 $ 78,369
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% 89.20% 88.60% 89.00%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.90% 10.80% 11.40% 11.00%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.60% 1.60% 1.70% 1.90%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 9.10% 8.70% 8.90% 8.80%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.00% 0.90% 0.90% 0.90%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.40% 0.40% 0.40% 0.40%
Other 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 1.90% 2.50% 2.90% 2.70%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.50% 0.60% 0.70% 0.70%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.40% 1.90% 2.20% 2.00%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 79.90% 80.90% 80.40% 80.40%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 17.40% 16.50% 17.00% 17.10%
NET SALES AND OPERATING REVENUES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.60% 2.60% 2.60% 2.60%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 73.20% 74.10% 73.40% 73.50%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 15.30% 14.50% 14.90% 15.00%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.60% 0.50% 0.30% 0.60%