v3.24.1.u1
Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 28, 2022
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 26,536,040 $ 29,684,873 $ 31,900,412
TOTAL COST OF SALES 23,822,831 26,884,670 28,612,870
GROSS PROFIT  2,713,209 2,800,203 3,287,542
CARMAX AUTO FINANCE INCOME  568,271 663,404 801,507
Selling, General and Administrative Expense 2,286,378 2,487,357 2,325,220
Depreciation, Depletion and Amortization, Nonproduction 239,028 228,449 211,956
Interest expense 124,750 120,398 94,095
Nonoperating Income (Expense) (10,271) (9,401) (34,568)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 641,595 636,804 1,492,346
Income tax provision 162,391 152,042 341,049
Net earnings $ 479,204 $ 484,762 $ 1,151,297
Basic (in shares) 158,216 158,800 162,410
Diluted (in shares) 158,707 159,771 165,176
Basic (in dollars per share) $ 3.03 $ 3.05 $ 7.09
Diluted (in dollars per share) $ 3.02 $ 3.03 $ 6.97
Used vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 20,922,279 $ 23,034,286 $ 24,437,095
TOTAL COST OF SALES 19,170,320 21,186,135 22,398,651
Wholesale vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 4,975,802 5,989,796 6,763,813
TOTAL COST OF SALES 4,419,044 5,399,969 5,999,277
Other sales and revenues      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 637,959 660,791 699,504
TOTAL COST OF SALES $ 233,467 $ 298,566 $ 214,942
NET SALES AND OPERATING REVENUES      
Percentage of Sales      
Item as a percent of net sales and operating revenues 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% 90.60% 89.70%
GROSS PROFIT       
Percentage of Sales      
Item as a percent of net sales and operating revenues 10.20% 9.40% 10.30%
CARMAX AUTO FINANCE INCOME       
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.10% 2.20% 2.50%
Selling, general and administrative expenses      
Percentage of Sales      
Item as a percent of net sales and operating revenues 8.60% 8.40% 7.30%
Depreciation and Amortization      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.90% 0.80% 0.70%
Interest expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.50% 0.40% 0.30%
Other (income) expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.00% 0.00% (0.10%)
Earnings before income taxes      
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.40% 2.10% 4.70%
Income tax provision      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.60% 0.50% 1.10%
NET EARNINGS       
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.80% 1.60% 3.60%
NET SALES AND OPERATING REVENUES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 78.80% 77.60% 76.60%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 18.80% 20.20% 21.20%
NET SALES AND OPERATING REVENUES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.40% 2.20% 2.20%
TOTAL COST OF SALES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 72.20% 71.40% 70.20%
TOTAL COST OF SALES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 16.70% 18.20% 18.80%
TOTAL COST OF SALES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.90% 1.00% 0.70%