v3.26.1
CarMax Auto Finance (Tables)
 12 Months Ended
Feb. 28, 2026
CarMax Auto Finance Income [Abstract]  
Components Of CarMax Auto Finance Income
Components of CAF Income
Years Ended February 28 or 29
(In millions)202620252024
Interest margin:
Interest and fee income$1,864.2 $1,853.9 $1,677.4 
Interest expense(769.2)(763.2)(638.7)
Total interest margin1,095.0 1,090.7 1,038.7 
Provision for loan losses(391.2)(334.7)(310.5)
Total interest margin after provision for loan losses703.8 756.0 728.2 
Servicing income9.7 — — 
Direct expenses:
Payroll and fringe benefit expense(80.4)(75.9)(66.5)
Depreciation and amortization(17.6)(17.1)(16.5)
Other direct expenses(79.9)(81.3)(76.9)
Total direct expenses(177.9)(174.3)(159.9)
Gain on sale of auto loans26.9 — — 
Fair value adjustments on beneficial interests0.2 — — 
CarMax Auto Finance income$562.7 $581.7 $568.3