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CarMax Auto Finance (Tables)

9 Months Ended

Nov. 30, 2025

CarMax Auto Finance Income [Abstract]

Components Of CarMax Auto Finance Income

Components of CAF Income


			Three Months Ended November 30												Nine Months Ended November 30
(In millions)			2025						2024						2025						2024
Interest margin:
Interest and fee income			$	448.0					$	469.2					$	1,423.2					$	1,386.2
Interest expense			(188.3)						(193.2)						(585.0)						(569.2)
Total interest margin			259.7						276.0						838.2						817.0
Provision for loan losses			(73.4)						(72.6)						(317.3)						(266.4)

Total interest margin after provision for loan losses			186.3						203.4						520.9						550.6


Servicing income			5.0						—						5.0						—
Direct expenses:
Payroll and fringe benefit expense			(20.5)						(19.0)						(61.0)						(56.6)
Depreciation and amortization			(4.5)						(4.3)						(13.2)						(12.8)
Other direct expenses			(18.6)						(20.2)						(59.7)						(58.8)
Total direct expenses			(43.6)						(43.5)						(133.9)						(128.2)
Gain on sale of auto loans			27.0						—						27.0						—

CarMax Auto Finance income			$	174.7					$	159.9					$	419.0					$	422.4