
	Three Months Ended November 30								Nine Months Ended November 30
(In millions)	2012			% ⁽¹⁾	2011			% ⁽¹⁾	2012			% ⁽¹⁾	2011			% ⁽¹⁾
Interest margin:
Interest and fee income		$	125.1	9.1		$	114.3	9.6		$	368.9	9.3		$	334.0	9.7
Interest expense			(23.3)	(1.7)			(25.6)	(2.2)			(72.4)	(1.8)			(80.3)	(2.3)
Total interest margin			101.8	7.4			88.7	7.4			296.5	7.5			253.7	7.4
Provision for loan losses			(18.1)	(1.3)			(15.1)	(1.3)			(40.2)	(1.0)			(24.9)	(0.7)
Total interest margin after
provision for loan losses			83.7	6.1			73.6	6.2			256.3	6.5			228.8	6.7

Other income			0.2	―			0.3	―			―	―			1.4	―

Direct expenses:
Payroll and fringe benefit
expense			(5.2)	(0.4)			(5.1)	(0.4)			(15.9)	(0.4)			(15.5)	(0.5)
Other direct expenses			(6.2)	(0.5)			(6.2)	(0.5)			(17.1)	(0.4)			(18.6)	(0.5)

Total direct expenses			(11.4)	(0.8)			(11.3)	(0.9)			(33.0)	(0.8)			(34.1)	(1.0)
CarMax Auto Finance income		$	72.5	5.3		$	62.6	5.3		$	223.3	5.7		$	196.1	5.7

Total average managed
receivables		$	5,477.4			$	4,770.9			$	5,266.0			$	4,585.1

(1) Annualized percent of total average managed receivables.