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Stock and Stock-Based Incentive Plans (Tables)
 6 Months Ended
Aug. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Common Stock Repurchases
Common Stock Repurchases
 Three Months EndedSix Months Ended
 August 31August 31
 2024202320242023
Number of shares repurchased (in thousands)
1,376.7 — 2,822.4 — 
Average cost per share$77.04 $— $74.41 $— 
Available for repurchase, as of end of period (in millions)
$2,150.1 $2,451.3 $2,150.1 $2,451.3 
Composition of Share-Based Compensation Expense
Composition of Share-Based Compensation Expense
 Three Months EndedSix Months Ended
 August 31August 31
(In thousands)2024202320242023
Cost of sales$1,639 $1,195 $2,648 $2,585 
CarMax Auto Finance income1,449 1,198 2,134 1,647 
Selling, general and administrative expenses32,133 31,294 79,234 66,598 
Share-based compensation expense, before income taxes$35,221 $33,687 $84,016 $70,830 
Composition Of Share-Based Compensation Expense - By Grant Type
Composition of Share-Based Compensation Expense – By Grant Type
 Three Months EndedSix Months Ended
 August 31August 31
(In thousands)2024202320242023
Nonqualified stock options$9,174 $13,650 $28,118 $27,727 
Cash-settled restricted stock units (RSUs)17,277 12,804 28,667 27,915 
Stock-settled market stock units (MSUs)4,187 3,884 11,767 10,108 
Other share-based incentives:
Stock-settled performance stock units (PSUs)2,117 797 12,301 1,538 
Restricted stock (RSAs)— 76 — 307 
Stock-settled deferred stock units (DSUs)1,850 1,850 1,850 1,850 
Employee stock purchase plan616 626 1,313 1,385 
Total other share-based incentives$4,583 $3,349 $15,464 $5,080 
Share-based compensation expense, before income taxes$35,221 $33,687 $84,016 $70,830 
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award
Share/Unit Activity
Six Months Ended August 31, 2024
Equity ClassifiedLiability Classified
(Shares/units in thousands)OptionsMSUsOtherRSUs
Outstanding as of February 29, 20247,393 383 195 1,297 
Granted1,230 238 263 918 
Exercised or vested and converted(485)(75)(47)(556)
Cancelled(111)(11)— (65)
Outstanding as of August 31, 20248,027 535 411 1,594 
Weighted average grant date fair value per share/unit:
Granted$29.20 $95.73 $69.43 $67.22 
Ending outstanding$28.07 $104.28 $75.26 $71.19 
As of August 31, 2024
Unrecognized compensation (in millions)
$46.6 $24.5 $4.7