v3.26.1
Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 25,881,131 $ 26,353,420 $ 26,536,040
TOTAL COST OF SALES 23,074,538 23,455,519 23,822,831
GROSS PROFIT  2,806,593 2,897,901 2,713,209
CARMAX AUTO FINANCE INCOME  562,721 581,749 568,271
Selling, General and Administrative Expense 2,453,412 2,435,404 2,286,378
Depreciation, Depletion and Amortization, Nonproduction 273,750 255,321 239,028
Interest expense 110,394 107,941 124,750
Goodwill, Impairment Loss 141,258 0 0
Nonoperating Income (Expense) 7,067 11,624 (10,271)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 383,433 669,360 641,595
Income tax provision 136,143 168,804 162,391
Net earnings $ 247,290 $ 500,556 $ 479,204
Basic (in shares) 147,258 155,330 158,216
Diluted (in shares) 147,613 156,061 158,707
Basic (in dollars per share) $ 1.68 $ 3.22 $ 3.03
Diluted (in dollars per share) $ 1.68 $ 3.21 $ 3.02
Used vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 20,702,358 $ 21,079,654 $ 20,922,279
TOTAL COST OF SALES 18,943,402 19,256,483 19,170,320
Wholesale vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 4,504,564 4,587,457 4,975,802
TOTAL COST OF SALES 3,980,504 4,029,876 4,419,044
Other sales and revenues      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 674,209 686,309 637,959
TOTAL COST OF SALES $ 150,632 $ 169,160 $ 233,467
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 89.20% 89.00% 89.80%
GROSS PROFIT       
Percentage of Sales      
Item as a percent of net sales and operating revenues 10.80% 11.00% 10.20%
CARMAX AUTO FINANCE INCOME       
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.20% 2.20% 2.10%
Selling, general and administrative expenses      
Percentage of Sales      
Item as a percent of net sales and operating revenues 9.50% 9.20% 8.60%
Depreciation and Amortization      
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.10% 1.00% 0.90%
Interest expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.40% 0.40% 0.50%
Other (income) expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.00% 0.00% 0.00%
Earnings before income taxes      
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.50% 2.50% 2.40%
Income tax provision      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.50% 0.60% 0.60%
NET EARNINGS       
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.00% 1.90% 1.80%
Goodwill impairment      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.50% 0.00% 0.00%
NET SALES AND OPERATING REVENUES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 80.00% 80.00% 78.80%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 17.40% 17.40% 18.80%
NET SALES AND OPERATING REVENUES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.60% 2.60% 2.40%
TOTAL COST OF SALES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 73.20% 73.10% 72.20%
TOTAL COST OF SALES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 15.40% 15.30% 16.70%
TOTAL COST OF SALES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.60% 0.60% 0.90%