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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2025
Nov. 30, 2024
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 5,793,946 $ 6,223,371 $ 19,935,171 $ 20,350,297
TOTAL COST OF SALES 5,203,898 5,545,725 17,733,834 18,120,289
GROSS PROFIT  590,048 677,646 2,201,337 2,230,008
CARMAX AUTO FINANCE INCOME  174,738 159,885 419,026 422,435
Selling, general and administrative expenses 581,368 575,764 1,842,104 1,824,904
Depreciation, Depletion and Amortization, Nonproduction 68,943 64,507 201,967 190,277
Interest expense 26,120 25,418 81,643 83,801
Other expense 4,468 5,370 535 2,505
Earnings before income taxes 83,887 166,472 494,114 550,956
Income tax provision 21,672 41,031 126,140 140,266
NET EARNINGS  $ 62,215 $ 125,441 $ 367,974 $ 410,690
WEIGHTED AVERAGE COMMON SHARES:        
Basic, shares 145,548 154,582 149,004 155,874
Diluted, shares 145,864 155,265 149,382 156,504
NET EARNINGS PER SHARE:        
Basic (in dollars per share) $ 0.43 $ 0.81 $ 2.47 $ 2.63
Diluted (in dollars per share) $ 0.43 $ 0.81 $ 2.46 $ 2.62
Used vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 4,548,197 $ 4,888,858 $ 15,922,349 $ 16,243,415
TOTAL COST OF SALES 4,169,250 4,464,016 14,546,602 14,844,310
Wholesale vehicle sales        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 1,095,119 1,168,639 3,497,425 3,579,543
TOTAL COST OF SALES 980,366 1,030,564 3,088,781 3,146,465
Total other sales and revenues        
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES 150,630 165,874 515,397 527,339
TOTAL COST OF SALES $ 54,282 $ 51,145 $ 98,451 $ 129,514
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 89.80% 89.10% 89.00% 89.00%
GROSS PROFIT         
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.20% 10.90% 11.00% 11.00%
CARMAX AUTO FINANCE INCOME         
Percentage of Sales        
Item as a percent of net sales and operating revenues 3.00% 2.60% 2.10% 2.10%
Selling, general and administrative expenses        
Percentage of Sales        
Item as a percent of net sales and operating revenues 10.00% 9.30% 9.20% 9.00%
Depreciation and Amortization, Nonproduction        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.20% 1.00% 1.00% 0.90%
Interest expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.50% 0.40% 0.40% 0.40%
Other expense        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.10% 0.10% 0.00% 0.00%
Earnings before income taxes        
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.40% 2.70% 2.50% 2.70%
Income tax provision        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.40% 0.70% 0.60% 0.70%
NET EARNINGS         
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.10% 2.00% 1.80% 2.00%
NET SALES AND OPERATING REVENUES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 78.50% 78.60% 79.90% 79.80%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 18.90% 18.80% 17.50% 17.60%
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% 2.70% 2.60% 2.60%
TOTAL COST OF SALES | Used vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 72.00% 71.70% 73.00% 72.90%
TOTAL COST OF SALES | Wholesale vehicle sales        
Percentage of Sales        
Item as a percent of net sales and operating revenues 16.90% 16.60% 15.50% 15.50%
TOTAL COST OF SALES | Total other sales and revenues        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.90% 0.80% 0.50% 0.60%