|
Consolidated Statements Of Earnings (USD $)
In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
May 31, 2014
|
May 31, 2013
|
| SALES AND OPERATING REVENUES: |
|
|
|
|
| NET SALES AND OPERATING REVENUES |
$ 3,750,196 |
|
$ 3,311,057 |
|
| Cost of sales |
3,248,465 |
|
2,862,961 |
|
| GROSS PROFIT |
501,731 |
|
448,096 |
|
| CARMAX AUTO FINANCE INCOME |
94,615 |
|
87,019 |
|
| Selling, general and administrative expenses |
313,446 |
|
290,189 |
|
| Interest expense |
7,601 |
|
7,878 |
|
| Other income (expense) |
(277) |
|
241 |
|
| Earnings before income taxes |
275,022 |
|
237,289 |
|
| Income tax provision |
105,369 |
|
90,638 |
|
| NET EARNINGS |
169,653 |
|
146,651 |
|
| WEIGHTED AVERAGE COMMON SHARES: |
|
|
|
|
| Basic |
220,268 |
|
224,618 |
|
| Diluted |
223,632 |
|
228,552 |
|
| NET EARNINGS PER SHARE: |
|
|
|
|
| Basic |
$ 0.77 |
|
$ 0.65 |
|
| Diluted |
$ 0.76 |
|
$ 0.64 |
|
|
Used Vehicle Sales [Member]
|
|
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
|
| Used vehicle sales |
3,060,341 |
|
2,701,755 |
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
81.60% |
[1] |
81.60% |
[1] |
|
New Vehicle Sales [Member]
|
|
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
|
| New vehicle sales |
69,789 |
|
52,427 |
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
1.90% |
[1] |
1.60% |
[1] |
|
Wholesale Vehicle Sales [Member]
|
|
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
|
| Wholesale vehicle sales |
545,245 |
|
490,659 |
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
14.50% |
[1] |
14.80% |
[1] |
|
Other Sales And Revenues [Member]
|
|
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
|
| Other sales and revenues |
$ 74,821 |
|
$ 66,216 |
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
2.00% |
[1] |
2.00% |
[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] |
|
Cost Of Sales [Member]
|
|
|
|
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
86.60% |
[1] |
86.50% |
[1] |
|
Gross Profit [Member]
|
|
|
|
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
13.40% |
[1] |
13.50% |
[1] |
|
CAF Income [Member]
|
|
|
|
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
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 |
8.40% |
[1] |
8.80% |
[1] |
|
Interest Expense [Member]
|
|
|
|
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
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] |
|
Earnings Before Income Taxes [Member]
|
|
|
|
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
7.30% |
[1] |
7.20% |
[1] |
|
Income Tax Provision [Member]
|
|
|
|
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
2.80% |
[1] |
2.70% |
[1] |
|
Net Earnings [Member]
|
|
|
|
|
| Percentage of Sales |
|
|
|
|
| Item as a percent of net sales and operating revenues |
4.50% |
[1] |
4.40% |
[1] |
|
|
|