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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Feb. 28, 2022
Feb. 28, 2021
Feb. 29, 2020
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 31,900,412 $ 18,950,149 $ 20,319,987
TOTAL COST OF SALES 28,612,870 16,571,024 17,597,647
GROSS PROFIT  3,287,542 2,379,125 2,722,340
CARMAX AUTO FINANCE INCOME  801,507 562,810 456,030
Selling, General and Administrative Expense 2,325,220 1,704,419 1,750,168
Depreciation, Depletion and Amortization, Nonproduction 211,956 194,356 189,899
Interest expense 94,095 86,178 83,007
Nonoperating Income (Expense) (34,568) (8,275) (5,690)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 1,492,346 965,257 1,160,986
Income tax provision 341,049 218,338 272,553
Net earnings $ 1,151,297 $ 746,919 $ 888,433
Basic (in shares) 162,410 163,183 164,836
Diluted (in shares) 165,176 165,133 166,820
Basic (in dollars per share) $ 7.09 $ 4.58 $ 5.39
Diluted (in dollars per share) $ 6.97 $ 4.52 $ 5.33
Used vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES $ 24,437,095 $ 15,713,583 $ 17,169,462
TOTAL COST OF SALES 22,398,651 14,124,715 15,349,401
Wholesale vehicle sales      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 6,763,813 2,668,753 2,500,042
TOTAL COST OF SALES 5,999,277 2,245,431 2,045,680
Other sales and revenues      
SALES AND OPERATING REVENUES:      
NET SALES AND OPERATING REVENUES 699,504 567,813 650,483
TOTAL COST OF SALES $ 214,942 $ 200,878 $ 202,566
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 89.70% 87.40% 86.60%
GROSS PROFIT       
Percentage of Sales      
Item as a percent of net sales and operating revenues 10.30% 12.60% 13.40%
CARMAX AUTO FINANCE INCOME       
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.50% 3.00% 2.20%
Selling, general and administrative expenses      
Percentage of Sales      
Item as a percent of net sales and operating revenues 7.30% 9.00% 8.60%
Depreciation and Amortization      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.70% 1.00% 0.90%
Interest expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.30% 0.50% 0.40%
Other (income) expense      
Percentage of Sales      
Item as a percent of net sales and operating revenues (0.10%) 0.00% 0.00%
Earnings before income taxes      
Percentage of Sales      
Item as a percent of net sales and operating revenues 4.70% 5.10% 5.70%
Income tax provision      
Percentage of Sales      
Item as a percent of net sales and operating revenues 1.10% 1.20% 1.30%
NET EARNINGS       
Percentage of Sales      
Item as a percent of net sales and operating revenues 3.60% 3.90% 4.40%
NET SALES AND OPERATING REVENUES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 76.60% 82.90% 84.50%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 21.20% 14.10% 12.30%
NET SALES AND OPERATING REVENUES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 2.20% 3.00% 3.20%
TOTAL COST OF SALES | Used vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 70.20% 74.50% 75.50%
TOTAL COST OF SALES | Wholesale vehicle sales      
Percentage of Sales      
Item as a percent of net sales and operating revenues 18.80% 11.80% 10.10%
TOTAL COST OF SALES | Other sales and revenues      
Percentage of Sales      
Item as a percent of net sales and operating revenues 0.70% 1.10% 1.00%