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CarMax Auto Finance (Tables)
 6 Months Ended
Aug. 31, 2024
CarMax Auto Finance Income [Abstract]  
Components Of CarMax Auto Finance Income
Components of CAF Income
Three Months Ended August 31Six Months Ended August 31
(In millions)2024
% (1)
2023
% (1)
2024
% (1)
2023
% (1)
Interest margin:
Interest and fee income$464.5 10.5 $416.9 9.6 $917.0 10.4 $817.4 9.5 
Interest expense(193.7)(4.4)(152.0)(3.5)(376.0)(4.3)(294.6)(3.4)
Total interest margin270.8 6.1 264.9 6.1 541.0 6.1 522.8 6.1 
Provision for loan losses(112.6)(2.5)(89.8)(2.1)(193.8)(2.2)(170.7)(2.0)
Total interest margin after provision for loan losses158.2 3.6 175.1 4.0 347.2 3.9 352.1 4.1 
Direct expenses:
Payroll and fringe benefit expense(19.0)(0.4)(16.8)(0.4)(37.6)(0.4)(33.4)(0.4)
Depreciation and amortization(4.3)(0.1)(4.1)(0.1)(8.5)(0.1)(8.2)(0.1)
Other direct expenses(19.3)(0.4)(19.3)(0.4)(38.5)(0.4)(38.2)(0.4)
Total direct expenses(42.6)(1.0)(40.2)(0.9)(84.6)(1.0)(79.8)(0.9)
CarMax Auto Finance income$115.6 2.6 $135.0 3.1 $262.6 3.0 $272.3 3.2 
Total average managed receivables$17,728.8 $17,315.6 $17,640.0 $17,159.5 
(1)    Annualized percentage of total average managed receivables.