Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands |
3 Months Ended |
May. 31, 2015 |
May. 31, 2014 |
| SALES AND OPERATING REVENUES: |
|
|
|
| NET SALES AND OPERATING REVENUES |
|
$ 4,014,888
|
$ 3,750,196
|
| Cost of sales |
|
3,471,094
|
3,248,465
|
| GROSS PROFIT |
|
543,794
|
501,731
|
| CARMAX AUTO FINANCE INCOME |
|
109,108
|
94,615
|
| Selling, general and administrative expenses |
|
349,779
|
313,446
|
| Interest expense |
|
7,103
|
7,601
|
| Other expense |
|
41
|
277
|
| Earnings before income taxes |
|
295,979
|
275,022
|
| Income tax provision |
|
114,005
|
105,369
|
| NET EARNINGS |
|
$ 181,974
|
$ 169,653
|
| WEIGHTED AVERAGE COMMON SHARES: |
|
|
|
| Basic |
|
208,698
|
220,268
|
| Diluted |
|
211,652
|
223,632
|
| NET EARNINGS PER SHARE: |
|
|
|
| Basic |
|
$ 0.87
|
$ 0.77
|
| Diluted |
|
$ 0.86
|
$ 0.76
|
| Used Vehicle Sales [Member] |
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
| Used vehicle sales |
|
$ 3,292,658
|
$ 3,060,341
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
82.00%
|
81.60%
|
| New Vehicle Sales [Member] |
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
| New vehicle sales |
|
$ 60,048
|
$ 69,789
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
1.50%
|
1.90%
|
| Wholesale Vehicle Sales [Member] |
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
| Wholesale vehicle sales |
|
$ 576,625
|
$ 545,245
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
14.40%
|
14.50%
|
| Other Sales And Revenues [Member] |
|
|
|
| SALES AND OPERATING REVENUES: |
|
|
|
| Other sales and revenues |
|
$ 85,557
|
$ 74,821
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
2.10%
|
2.00%
|
| Net Sales And Operating Revenues [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
100.00%
|
100.00%
|
| Cost Of Sales [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
86.50%
|
86.60%
|
| Gross Profit [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
13.50%
|
13.40%
|
| CAF Income [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
2.70%
|
2.50%
|
| Selling, General And Administrative Expenses [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
8.70%
|
8.40%
|
| Interest Expense [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
0.20%
|
0.20%
|
| Other Expense [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
0.00%
|
0.00%
|
| Earnings Before Income Taxes [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
7.40%
|
7.30%
|
| Income Tax Provision [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
2.80%
|
2.80%
|
| Net Earnings [Member] |
|
|
|
| Percentage of Sales |
|
|
|
| Item as a percent of net sales and operating revenues |
[1] |
4.50%
|
4.50%
|
|
|