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Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 31, 2018
May 31, 2017
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 4,792,592 $ 4,542,334
TOTAL COST OF SALES 4,131,252 3,893,396
GROSS PROFIT 661,340 648,938
CARMAX AUTO FINANCE INCOME 115,593 109,363
Selling, general and administrative expenses 438,234 403,503
Interest expense 18,052 16,838
Other expense (income) 963 (93)
Earnings before income taxes 319,684 338,053
Income tax provision 81,028 126,351
NET EARNINGS $ 238,656 $ 211,702
WEIGHTED AVERAGE COMMON SHARES:    
Basic, shares 178,139 185,200
Diluted, shares 179,421 186,859
NET EARNINGS PER SHARE:    
Basic (in dollars per share) $ 1.34 $ 1.14
Diluted (in dollars per share) $ 1.33 $ 1.13
Used vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES $ 4,021,047 $ 3,843,373
TOTAL COST OF SALES 3,581,609 3,411,446
Wholesale vehicle sales    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 617,651 553,390
TOTAL COST OF SALES 502,945 448,718
Total other sales and revenues    
SALES AND OPERATING REVENUES:    
NET SALES AND OPERATING REVENUES 153,894 145,571
TOTAL COST OF SALES $ 46,698 $ 33,232
NET SALES AND OPERATING REVENUES    
Percentage of Sales    
Item as a percent of net sales and operating revenues 100.00% 100.00%
TOTAL COST OF SALES    
Percentage of Sales    
Item as a percent of net sales and operating revenues 86.20% 85.70%
GROSS PROFIT    
Percentage of Sales    
Item as a percent of net sales and operating revenues 13.80% 14.30%
CARMAX AUTO FINANCE INCOME    
Percentage of Sales    
Item as a percent of net sales and operating revenues 2.40% 2.40%
Selling, general and administrative expenses    
Percentage of Sales    
Item as a percent of net sales and operating revenues 9.10% 8.90%
Interest expense    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.40% 0.40%
Other expense (income)    
Percentage of Sales    
Item as a percent of net sales and operating revenues 0.00% 0.00%
Earnings before income taxes    
Percentage of Sales    
Item as a percent of net sales and operating revenues 6.70% 7.40%
Income tax provision    
Percentage of Sales    
Item as a percent of net sales and operating revenues 1.70% 2.80%
NET EARNINGS    
Percentage of Sales    
Item as a percent of net sales and operating revenues 5.00% 4.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 83.90% 84.60%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 12.90% 12.20%
NET SALES AND OPERATING REVENUES | Total other sales and revenues    
Percentage of Sales    
Item as a percent of net sales and operating revenues 3.20% 3.20%
TOTAL COST OF SALES | Used vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 74.70% 75.10%
TOTAL COST OF SALES | Wholesale vehicle sales    
Percentage of Sales    
Item as a percent of net sales and operating revenues 10.50% 9.90%
TOTAL COST OF SALES | Total other sales and revenues    
Percentage of Sales    
Item as a percent of net sales and operating revenues 1.00% 0.70%