v3.26.3
CarMax Auto Finance (Tables)
 6 Months Ended
Aug. 31, 2026
CarMax Auto Finance Income [Abstract]  
Components Of CarMax Auto Finance Income
Components of CAF Income
Three Months Ended August 31Six Months Ended August 31
(In millions)2026202520262025
Interest margin:
Interest and fee income$456.2 $489.8 $917.1 $975.2 
Interest expense(182.3)(199.2)(366.5)(396.7)
Total interest margin273.9 290.6 550.6 578.5 
Provision for loan losses(113.4)(142.2)(209.0)(243.9)
Total interest margin after provision for loan losses160.5 148.4 341.6 334.6 
Servicing income6.1 — 10.3 — 
Direct expenses:
Payroll and fringe benefit expense(18.6)(20.5)(36.8)(40.5)
Depreciation and amortization(4.5)(4.4)(9.0)(8.7)
Other direct expenses(24.5)(20.9)(46.9)(41.1)
Total direct expenses(47.6)(45.8)(92.7)(90.3)
Gain on sale of auto loans16.6 — 16.6 — 
CarMax Auto Finance income$135.6 $102.6 $275.8 $244.3