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Consolidated Statements Of Earnings - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Aug. 31, 2017 | Aug. 31, 2016 | Aug. 31, 2017 | Aug. 31, 2016
Revenue, Net [Abstract] |  |  |  |
Used vehicle sales | $ 3,694,200 | $ 3,300,814 | $ 7,537,573 | $ 6,729,788
Wholesale vehicle sales | 547,767 | 560,402 | 1,101,157 | 1,128,143
Other sales and revenues | 144,673 | 136,032 | 290,244 | 265,703
NET SALES AND OPERATING REVENUES | 4,386,640 | 3,997,248 | 8,928,974 | 8,123,634
Cost of sales | 3,782,635 | 3,451,886 | 7,676,031 | 7,005,635
GROSS PROFIT | 604,005 | 545,362 | 1,252,943 | 1,117,999
CARMAX AUTO FINANCE INCOME | 107,936 | 95,969 | 217,299 | 196,727
Selling, general and administrative expenses | 405,062 | 366,126 | 808,565 | 746,356
Interest expense | 16,836 | 13,904 | 33,674 | 24,992
Other (income) expense | (189) | (435) | (282) | (1,051)
Earnings before income taxes | 290,232 | 261,736 | 628,285 | 544,429
Income tax provision | 108,808 | 99,374 | 235,159 | 206,707
NET EARNINGS | $ 181,424 | $ 162,362 | $ 393,126 | $ 337,722
WEIGHTED AVERAGE COMMON SHARES: |  |  |  |
Basic, shares | 182,868 | 191,539 | 184,034 | 192,534
Diluted, shares | 184,696 | 193,623 | 185,778 | 194,437
NET EARNINGS PER SHARE: |  |  |  |
Basic (in dollars per share) | $ 0.99 | $ 0.85 | $ 2.14 | $ 1.75
Diluted (in dollars per share) | $ 0.98 | $ 0.84 | $ 2.12 | $ 1.74
Used vehicle sales, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 84.20% | 82.60% | 84.40% | 82.80%
Wholesale vehicle sales, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 12.50% | 14.00% | 12.30% | 13.90%
Other sales and revenues, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 3.30% | 3.40% | 3.30% | 3.30%
NET SALES AND OPERATING REVENUES, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 100.00% | 100.00% | 100.00% | 100.00%
Cost of sales, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 86.20% | 86.40% | 86.00% | 86.20%
GROSS PROFIT, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 13.80% | 13.60% | 14.00% | 13.80%
CARMAX AUTO FINANCE INCOME, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 2.50% | 2.40% | 2.40% | 2.40%
Selling, general and administrative expenses, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 9.20% | 9.20% | 9.10% | 9.20%
Interest expense, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 0.40% | 0.30% | 0.40% | 0.30%
Other (income) expense, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 0.00% | 0.00% | 0.00% | 0.00%
Earnings before income taxes, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 6.60% | 6.50% | 7.00% | 6.70%
Income tax provision, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 2.50% | 2.50% | 2.60% | 2.50%
NET EARNINGS, percent |  |  |  |
Percentage of Sales |  |  |  |
Item as a percent of net sales and operating revenues | 4.10% | 4.10% | 4.40% | 4.20%

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