XML 44 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2014
Aug. 31, 2013
SALES AND OPERATING REVENUES:        
NET SALES AND OPERATING REVENUES $ 3,599,194 $ 3,245,552 $ 7,349,390 $ 6,556,609
Cost of sales 3,135,855 2,810,809 6,384,320 5,673,770
GROSS PROFIT 463,339 434,743 965,070 882,839
CARMAX AUTO FINANCE INCOME 92,574 84,422 187,189 171,441
Selling, general and administrative expenses 297,638 283,206 611,084 573,395
Interest expense 7,351 7,761 14,952 15,639
Other expense 283 1,073 560 832
Earnings before income taxes 250,641 227,125 525,663 464,414
Income tax provision 96,123 86,851 201,492 177,489
NET EARNINGS 154,518 140,274 324,171 286,925
WEIGHTED AVERAGE COMMON SHARES:        
Basic 218,180 223,610 219,224 224,114
Diluted 221,070 227,634 222,351 228,093
NET EARNINGS PER SHARE:        
Basic $ 0.71 $ 0.63 $ 1.48 $ 1.28
Diluted $ 0.70 $ 0.62 $ 1.46 $ 1.26
Used Vehicle Sales [Member]
        
SALES AND OPERATING REVENUES:        
Used vehicle sales 2,920,165 2,639,523 5,980,506 5,341,278
Percentage of Sales        
Item as a percent of net sales and operating revenues 81.10% [1] 81.30% [1] 81.40% [1] 81.50% [1]
New Vehicle Sales [Member]
        
SALES AND OPERATING REVENUES:        
New vehicle sales 69,944 60,002 139,733 112,429
Percentage of Sales        
Item as a percent of net sales and operating revenues 1.90% [1] 1.80% [1] 1.90% [1] 1.70% [1]
Wholesale Vehicle Sales [Member]
        
SALES AND OPERATING REVENUES:        
Wholesale vehicle sales 530,270 474,907 1,075,515 965,566
Percentage of Sales        
Item as a percent of net sales and operating revenues 14.70% [1] 14.60% [1] 14.60% [1] 14.70% [1]
Other Sales And Revenues [Member]
        
SALES AND OPERATING REVENUES:        
Other sales and revenues $ 78,815 $ 71,120 $ 153,636 $ 137,336
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.20% [1] 2.20% [1] 2.10% [1] 2.10% [1]
Net Sales And Operating Revenues [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 100.00% [1] 100.00% [1] 100.00% [1] 100.00% [1]
Cost Of Sales [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 87.10% [1] 86.60% [1] 86.90% [1] 86.50% [1]
Gross Profit [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 12.90% [1] 13.40% [1] 13.10% [1] 13.50% [1]
CAF Income [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.60% [1] 2.60% [1] 2.50% [1] 2.60% [1]
Selling, General And Administrative Expenses [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 8.30% [1] 8.70% [1] 8.30% [1] 8.70% [1]
Interest Expense [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.20% [1] 0.20% [1] 0.20% [1] 0.20% [1]
Other Loss Income [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 0.00% [1] 0.00% [1] 0.00% [1] 0.00% [1]
Earnings Before Income Taxes [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 7.00% [1] 7.00% [1] 7.20% [1] 7.10% [1]
Income Tax Provision [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 2.70% [1] 2.70% [1] 2.70% [1] 2.70% [1]
Net Earnings [Member]
        
Percentage of Sales        
Item as a percent of net sales and operating revenues 4.30% [1] 4.30% [1] 4.40% [1] 4.40% [1]
[1] Calculated as a percentage of net sales and operating revenues and may not equal totals due to rounding.