CarMax (KMX) 10-Q 8 Jul 14 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	31-May-14	Jun. 30, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-May-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'
Entity Registrant Name	'CARMAX INC	'
Entity Central Index Key	'0001170010	'
Entity Current Reporting Status	'Yes	'
Entity Well-known Seasoned Issuer	'Yes	'
Entity Voluntary Filers	'No	'
Current Fiscal Year End Date	'--02-28	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	219,233,886

Consolidated_Statements_Of_Ear

Consolidated Statements Of Earnings (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	31-May-14		31-May-13
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]
[1]	Calculated as a percentage of net sales and operating revenues and may not equal totals due to rounding.

Consolidated_Statements_Of_Com

Consolidated Statements Of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13
Consolidated Statements Of Comprehensive Income [Abstract]	'	'
Net earnings	$169,653	$146,651
Retirement plans:	'	'
Net change in retirement benefit plan unrecognized actuarial losses	213	256
Cash flow hedges:	'	'
Net change in cash flow hedge unrecognized losses	282	2,042
Other comprehensive income (loss), net of taxes	495	2,298
TOTAL COMPREHENSIVE INCOME	$170,148	$148,949

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	31-May-14	Feb. 28, 2014
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and cash equivalents	$532,191	$627,901
Restricted cash from collections on auto loan receivables	290,653	259,299
Accounts receivable, net	97,810	79,923
Inventory	1,681,800	1,641,424
Deferred income taxes	8,080	7,866
Other current assets	26,202	26,811
TOTAL CURRENT ASSETS	2,636,736	2,643,224
Auto loan receivable, net	7,547,665	7,147,848
Property and equipment, net	1,696,940	1,652,977
Deferred income taxes	150,905	152,199
Other assets	116,714	110,909
TOTAL ASSETS	12,148,960	11,707,157
LIABILITIES AND SHAREHOLDERS' EQUITY	'	'
Accounts payable	433,115	427,492
Accrued expenses and other current liabilities	159,298	202,588
Accrued income taxes	94,816	2,438
Short-term debt	1,242	582
Current portion of finance and capital lease obligations	19,715	18,459
Current portion of non-recourse notes payable	253,972	223,938
TOTAL CURRENT LIABILITIES	962,158	875,497
Finance and capital lease obligations, excluding current portion	315,762	315,925
Non-recourse notes payable, excluding current portion	7,373,003	7,024,506
Other liabilities	168,665	174,232
TOTAL LIABILITIES	8,819,588	8,390,160
Commitments and contingent liabilities	'	'
SHAREHOLDERS' EQUITY:	'	'
Common stock, $0.50 par value; 350,000,000 shares authorized; 218,483,179 and 221,685,984 shares issued and outstanding as of May 31, 2014 and February 28, 2014, respectively	109,242	110,843
Capital in excess of par value	1,036,197	1,038,209
Accumulated other comprehensive loss	-45,776	-46,271
Retained earnings	2,229,709	2,214,216
TOTAL SHAREHOLDERS' EQUITY	3,329,372	3,316,997
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$12,148,960	$11,707,157

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	31-May-14	Feb. 28, 2014
Consolidated Balance Sheets [Abstract]	'	'
Common stock, par value	$0.50	$0.50
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	218,483,173	221,685,984
Common stock, shares outstanding	218,483,173	221,685,984

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
	31-May-14	31-May-13
OPERATING ACTIVITIES:	'	'
Net earnings	$169,653,000	$146,651,000
Adjustments to reconcile net earnings to net cash used in operating activities:	'	'
Depreciation and amortization	27,343,000	24,335,000
Share-based compensation expense	15,388,000	22,941,000
Provision for loan losses	15,847,000	11,299,000
Provision for cancellation reserves	21,118,000	9,123,000
Deferred income tax (benefit) provision	771,000	6,695,000
Loss (gain) on disposition of assets and other	424,000	-178,000
Net decrease (increase) in:	'	'
Accounts receivable, net	-17,887,000	21,509,000
Inventory	-40,376,000	119,613,000
Other current assets	664,000	7,293,000
Auto loan receivables, net	-415,664,000	-425,827,000
Other assets	3,467,000	-2,592,000
Net increase (decrease) in:	'	'
Accounts payable, accrued expenses and other current liabilities and accrued income taxes	40,424,000	533,000
Other liabilities	-30,252,000	-18,974,000
NET CASH USED IN OPERATING ACTIVITIES	-209,080,000	-77,579,000
INVESTING ACTIVITIES:	'	'
Capital expenditures	-53,709,000	-42,045,000
Proceeds from sales of assets	0	4,610,000
Increase in restricted cash from collections on auto loan receivables	-31,354,000	-16,428,000
Increase in restricted cash in reserve accounts	-3,259,000	-2,812,000
Release of restricted cash from reserve accounts	4,000	10,011,000
(Purchases) sales of money market securities, net	-3,035,000	1,313,000
Purchases of Trading Securities	-2,798,000	-1,161,000
Proceeds from Sale of Trading Securities	32,000	0
NET CASH USED IN INVESTING ACTIVITIES	-94,119,000	-46,512,000
FINANCING ACTIVITIES:	'	'
Increase (decrease) in short-term debt, net	660,000	617,000
Payments on finance and capital lease obligations	-4,204,000	-3,796,000
Issuance of non-recourse notes payable	1,897,000,000	1,774,000,000
Payments on non-recourse notes payable	-1,518,469,000	-1,261,735,000
Repurchase and retirement of common stock	-171,924,000	-130,215,000
Equity issuances, net	120,000	11,204,000
Excess tax benefits from share-based payment arrangements	4,306,000	9,919,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	207,489,000	399,994,000
(Decrease) Increase in cash and cash equivalents	-95,710,000	275,903,000
Cash and cash equivalents at beginning of year	627,901,000	449,364,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	532,191,000	725,267,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'	'
Cash paid for interest	7,642,000	7,927,000
Cash paid for income taxes	5,802,000	2,100,000
Non-cash investing and financing activities:	'	'
Increase (decrease) in accrued capital expenditures	-10,338,000	1,025,000
Increase in finance and capital lease obligations	$5,297,000	$0

Business_And_Background

Business And Background	3 Months Ended
	31-May-14
Business And Background [Abstract]	'
Background	'
	1.Background
	CarMax, Inc. (“we,” “our,” “us,” “CarMax” and “the company”), including its wholly owned subsidiaries, is the largest retailer of used vehicles in the United States.  We operate in two reportable segments:  CarMax Sales Operations and CarMax Auto Finance (“CAF”).  Our CarMax Sales Operations segment consists of all aspects of our auto merchandising and service operations, excluding financing provided by CAF.  Our CAF segment consists solely of our own finance operation that provides vehicle financing through CarMax superstores.
	We were the first used vehicle retailer to offer a large selection of high quality used vehicles at low, no-haggle prices using a customer-friendly sales process in an attractive, modern sales facility.  We provide customers with a full range of related products and services, including the appraisal and purchase of vehicles directly from consumers; the financing of vehicle purchases through CAF and third-party financing providers; the sale of extended protection plan (“EPP”) products, which include extended service plans (“ESP”) and guaranteed asset protection (“GAP”); and vehicle repair service.  Vehicles purchased through the appraisal process that do not meet our retail standards are sold to licensed dealers through on-site wholesale auctions.  At select locations we also sell new vehicles under franchise agreements.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	3 Months Ended
	31-May-14
Summary Of Significant Accounting Policies [Abstract]	'
Summary Of Significant Accounting Policies	'
	2.Accounting Policies
	Basis of Presentation and Use of Estimates.  The accompanying interim unaudited consolidated financial statements include the accounts of CarMax and our wholly owned subsidiaries.  All significant intercompany balances and transactions have been eliminated in consolidation.  These consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  In the opinion of management, such interim consolidated financial statements reflect all normal recurring adjustments considered necessary to present fairly the financial position and the results of operations and cash flows for the interim periods presented.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year.  These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the fiscal year ended February 28, 2014.
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities.  Actual results could differ from those estimates.  Certain prior year amounts have been reclassified to conform to current year’s presentation.  Amounts and percentages may not total due to rounding.
	Cash and Cash Equivalents.  Cash equivalents of $514.7 million as of May 31, 2014, and $607.0 million as of      February 28, 2014, consisted of highly liquid investments with original maturities of three months or less.
	Restricted Cash from Collections on Auto Loan Receivables.  Cash accounts totaling $290.7 million as of May 31, 2014, and $259.3 million as of February 28, 2014, consisted of collections of principal and interest payments on securitized auto loan receivables that are restricted for payment to the securitization investors pursuant to the applicable securitization agreements.
	Securitizations.  We maintain a revolving securitization program composed of two warehouse facilities (“warehouse facilities”) that we use to fund auto loan receivables originated by CAF until we elect to fund them through a term securitization or alternative funding arrangement.  We sell the auto loan receivables to a wholly owned, bankruptcy-remote, special purpose entity that transfers an undivided percentage ownership interest in the receivables, but not the receivables themselves, to entities formed by third-party investors.  These entities issue asset-backed commercial paper or utilize other funding sources supported by the transferred receivables, and the proceeds are used to finance the securitized receivables.
	We typically use term securitizations to provide long-term funding for most of the auto loan receivables initially securitized through the warehouse facilities.  In these transactions, a pool of auto loan receivables is sold to a bankruptcy-remote, special purpose entity that, in turn, transfers the receivables to a special purpose securitization trust.  The securitization trust issues asset-backed securities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the asset-backed securities are used to finance the securitized receivables.
	We are required to evaluate term securitization trusts for consolidation.  In our capacity as servicer, we have the power to direct the activities of the trusts that most significantly impact the economic performance of the trusts.  In addition, we have the obligation to absorb losses (subject to limitations) and the rights to receive any returns of the trusts, which could be significant.  Accordingly, we are the primary beneficiary of the trusts and are required to consolidate them.
	We recognize transfers of auto loan receivables into the warehouse facilities and term securitizations (“securitization vehicles”) as secured borrowings, which result in recording the auto loan receivables and the related non-recourse notes payable to the investors on our consolidated balance sheets.
	The securitized receivables can only be used as collateral to settle obligations of the securitization vehicles.  The securitization vehicles and investors have no recourse to our assets beyond the securitized receivables, the amounts on deposit in reserve accounts and the restricted cash from collections on auto loan receivables.  We have not provided financial or other support to the securitization vehicles that was not previously contractually required, and there are no additional arrangements, guarantees or other commitments that could require us to provide financial support to the securitization vehicles.
	See Notes 4 and 10 for additional information on auto loan receivables and non-recourse notes payable.
	Auto Loan Receivables, Net.  Auto loan receivables include amounts due from customers related to retail vehicle sales financed through CAF.  The receivables are presented net of an allowance for estimated loan losses.  The allowance for loan losses represents an estimate of the amount of net losses inherent in our portfolio of managed receivables as of the applicable reporting date and anticipated to occur during the following 12 months.  The allowance is primarily based on the credit quality of the underlying receivables, historical loss trends and forecasted forward loss curves.  We also take into account recent trends in delinquencies and losses, recovery rates and the economic environment.  The provision for loan losses is the periodic expense of maintaining an adequate allowance.
	An account is considered delinquent when the related customer fails to make a substantial portion of a scheduled payment on or before the due date.  In general, accounts are charged-off on the last business day of the month during which the earliest of the following occurs:  the receivable is 120 days or more delinquent as of the last business day of the month, the related vehicle is repossessed and liquidated, or the receivable is otherwise deemed uncollectible.  For purposes of determining impairment, auto loans are evaluated collectively, as they represent a large group of smaller-balance homogeneous loans, and therefore, are not individually evaluated for impairment.  See Note 4 for additional information on auto loan receivables.
	Interest income and expenses related to auto loans are included in CAF income.  Interest income on auto loan receivables is recognized when earned based on contractual loan terms.  All loans continue to accrue interest until repayment or charge‑off.  Direct costs associated with loan originations are not considered material, and thus, are expensed as incurred.  See Note 3 for additional information on CAF income.
	Property and Equipment, Net.  Property and equipment is reported net of accumulated depreciation and amortization of $754.2 million and $730.6 million as of May 31, 2014 and February 28, 2014, respectively.
	Other Assets.  Other assets includes amounts classified as restricted cash on deposit in reserve accounts and restricted investments.  The restricted cash on deposit in reserve accounts is for the benefit of holders of non-recourse notes payable, and these funds are not expected to be available to the company or its creditors.  In the event that the cash generated by the securitized receivables in a given period was insufficient to pay the interest, principal and other required payments, the balances on deposit in the reserve accounts would be used to pay those amounts.  Restricted cash on deposit in reserve accounts was $35.8 million as of May 31, 2014, and $32.5 million as of February 28, 2014.
	Restricted investments includes money market securities primarily held to satisfy certain insurance program requirements, as well as investments held in a rabbi trust established to fund informally our executive deferred compensation plan.  The rabbi trust investments are classified as trading securities with realized and unrealized gains and losses reflected as a component of other (expense) income.  Restricted investments was $43.2 million as of May 31, 2014, and $40.2 million as of February 28, 2014.
	Revenue Recognition.    We recognize revenue when the earnings process is complete, generally either at the time of sale to a customer or upon delivery to a customer.  As part of our customer service strategy, we guarantee the retail vehicles we sell with a 5‑day, money-back guarantee.  We record a reserve for estimated returns based on historical experience and trends.
	We sell EPP products on behalf of unrelated third parties to customers who purchase a vehicle.  In May 2014, the ESPs we offer on all used vehicles were modified to provide coverage of 60 months (subject to mileage limitations).  Prior to this modification, the ESPs we offered provided coverage up to 72 months.  GAP covers the customer for the term of their finance contract. We recognize commission revenue at the time of sale, net of a reserve for estimated customer cancellations.  Periodically, we may receive additional commissions based upon the level of underwriting profits of the third parties who administer the products.  These additional commissions are recognized as revenue when received.  The reserve for cancellations is evaluated for each product, and is based on forecasted forward cancellation curves utilizing historical experience, recent trends and credit mix of the customer base.  Our risk related to customer cancellations is limited to the commissions that we receive.  Cancellations fluctuate depending on the volume of EPP sales, customer financing default or prepayment rates, and shifts in customer behavior, including those related to changes in the coverage or term of the product.  The current portion of estimated cancellation reserves is recognized as a component of other current liabilities with the remaining amount recognized in other liabilities.  See Note 7 for additional information on cancellation reserves.
	Customers applying for financing who are not approved by CAF may be evaluated by other financial institutions.  Depending on the credit profile of the customer, third-party finance providers generally either pay us or are paid a fixed, pre-negotiated fee per contract.  We recognize these fees at the time of sale.
	We collect sales taxes and other taxes from customers on behalf of governmental authorities at the time of sale.  These taxes are accounted for on a net basis and are not included in net sales and operating revenues or cost of sales.
	Derivative Instruments and Hedging Activities.  We enter into derivative instruments to manage exposures that arise from business activities that result in the future known receipt or payment of uncertain cash amounts, the values of which are impacted by interest rates.  We recognize the derivatives at fair value as either current assets or current liabilities on the consolidated balance sheets, and where applicable, such contracts covered by master netting agreements are reported net.  Gross positive fair values are netted with gross negative fair values by counterparty.  The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting.  We may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting may not apply or we do not elect to apply hedge accounting.  See Note 5 for additional information on derivative instruments and hedging activities.
	Recent Accounting Pronouncements.
	Effective in the Current Quarter.    In February 2013, the Financial Accounting Standards Board (“FASB”) issued an accounting pronouncement related to liabilities (FASB ASC Topic 405).  The amendments provide guidance on the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements, including debt arrangements, other contractual obligations, and settled litigation and judicial rulings.  This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  We adopted this pronouncement for our fiscal year beginning March 1, 2014, and there was no effect on our consolidated financial statements.
	In July 2013, the FASB issued an accounting pronouncement related to income taxes (FASB ASC Topic 740), which provides guidance regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar loss or a tax credit carryforward exists.  Under certain circumstances, unrecognized tax benefits should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward.  This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted.  We adopted this pronouncement for our fiscal year beginning March 1, 2014, and there was no effect on our consolidated financial statements.
	Effective in Future Periods.  In May 2014, the FASB issued an accounting pronouncement related to revenue recognition (FASB ASC Topic 606), which amends the guidance in former ASC Topic 605, Revenue Recognition, and provides a single, comprehensive revenue recognition model for all contracts with customers.  This standard contains principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized.  The entity will recognize revenue to reflect the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services.  This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted.  We will adopt the provisions of ASC Topic 606 for our fiscal year beginning March 1, 2017, and are currently evaluating the impact on our consolidated financial statements.

CarMax_Auto_Finance_Income

CarMax Auto Finance Income	3 Months Ended
	31-May-14
CarMax Auto Finance Income [Abstract]	'
CarMax Auto Finance Income	'
	3.CarMax Auto Finance Income
	CAF provides financing to qualified customers purchasing vehicles at CarMax.  CAF provides us the opportunity to capture additional sales, profits and cash flows while managing our reliance on third-party finance sources.  Management regularly analyzes CAF's operating results by assessing profitability, the performance of the auto loan receivables including trends in credit losses and delinquencies, and CAF direct expenses.  This information is used to assess CAF's performance and make operating decisions including resource allocation.
	We typically use securitizations to fund loans originated by CAF, as discussed in Note 2.  CAF income primarily reflects the interest and fee income generated by the auto loan receivables less the interest expense associated with the debt issued to fund these receivables, a provision for estimated loan losses and direct CAF expenses.
	CAF income does not include any allocation of indirect costs.  Although CAF benefits from certain indirect overhead expenditures, we present this information on a direct basis to avoid making subjective decisions regarding the indirect benefits or costs that could be attributed to CAF.   Examples of indirect costs not allocated to CAF include retail store expenses and corporate expenses such as human resources, administrative services, marketing, information systems, accounting, legal, treasury and executive payroll.  In addition, except for auto loan receivables, which are disclosed in Note 4, CAF assets are not separately reported nor do we allocate assets to CAF because such allocation would not be useful to management in making operating decisions.
	Components of CAF Income
		Three Months Ended May 31
	(In millions)	2014			%  (1)	2013			% (1)
	Interest margin:
	Interest and fee income		$	147.0	8.0		$	133.5	8.7
	Interest expense			-23.1	-1.2			-22.8	-1.5
	Total interest margin			123.9	6.7			110.7	7.2
	Provision for loan losses			-15.8	-0.9			-11.3	-0.7
	Total interest margin after
	provision for loan losses			108.1	5.8			99.4	6.5
	Direct expenses:
	Payroll and fringe benefit expense			-6.2	-0.3			-5.5	-0.4
	Other direct expenses			-7.3	-0.4			-6.9	-0.4
	Total direct expenses			-13.5	-0.7			-12.4	-0.8
	CarMax Auto Finance income		$	94.6	5.1		$	87.0	5.7
	Total average managed receivables		$	7,390.1			$	6,152.5
	(1)Annualized percentage of total average managed receivables.

Auto_Loan_Receivables

Auto Loan Receivables	3 Months Ended
	31-May-14
Auto Loan Receivables [Abstract]	'
Auto Loan Receivables	'
	4.Auto Loan Receivables
	Auto loan receivables include amounts due from customers related to retail vehicle sales financed through CAF and are presented net of an allowance for estimated loan losses.  We use warehouse facilities to fund auto loan receivables originated by CAF until we elect to fund them through a term securitization or alternative funding arrangement.  The majority of the auto loan receivables serve as collateral for the related non-recourse notes payable of $7.63 billion as of May 31, 2014, and $7.25 billion as of February 28, 2014.  See Notes 2 and 10 for additional information on securitizations and non-recourse notes payable.
	Auto Loan Receivables, Net
		As of May 31			As of February 28
	(In millions)		2014			2014
	Warehouse facilities	$	964.0		$	879.0
	Term securitizations		6,409.0			6,145.5
	Other receivables (1)		200.8			159.9
	Total ending managed receivables		7,573.8			7,184.4
	Accrued interest and fees		31.2			26.3
	Other		18.1			7.0
	Less allowance for loan losses		-75.4			-69.9
	Auto loan receivables, net	$	7,547.7		$	7,147.8
	(1)Other receivables includes receivables not funded through the warehouse facilities or term securitizations.
	Credit Quality.  When customers apply for financing, CAF’s proprietary scoring models rely on the customers’ credit history and certain application information to evaluate and rank their risk.  Credit histories are obtained from credit bureau reporting agencies and include information such as number, age, type and payment history for prior or existing credit accounts.  The application information that is used includes income, collateral value and down payment.  The scoring models yield credit grades that represent the relative likelihood of repayment.  Customers assigned a grade of “A” are determined to have the highest probability of repayment, and customers assigned a lower grade are determined to have a lower probability of repayment.  For loans that are approved, the credit grade influences the terms of the agreement, such as the required loan-to-value ratio and interest rate.
	CAF uses a combination of the initial credit grades and historical performance to monitor the credit quality of the auto loan receivables on an ongoing basis.  We validate the accuracy of the scoring models periodically.  Loan performance is reviewed on a recurring basis to identify whether the assigned grades adequately reflect the customers’ likelihood of repayment.
	Ending Managed Receivables by Major Credit Grade
				As of May 31			As of February 28
	(In millions)			2014 (1)		%  (2)		2014 (1)	%  (2)
	A		$	3,698.6		48.8	$	3,506.0	48.8
	B			2,786.9		36.8		2,658.5	37.0
	C and other			1,088.3		14.4		1,019.9	14.2
	Total ending managed receivables		$	7,573.8		100.0	$	7,184.4	100.0
	(1)Classified based on credit grade assigned when customers were initially approved for financing.
	(2)Percentage of total ending managed receivables.
	Allowance for Loan Losses
			Three Months Ended May 31
	(In millions)			2014		%  (1)		2013	%  (1)
	Balance as of beginning of year		$	69.9		0.97	$	57.3	0.97
	Charge-offs			-32				-26.4
	Recoveries			21.7				18.7
	Provision for loan losses			15.8				11.3
	Balance as of end of period		$	75.4		1.00	$	60.9	0.96
	(1)Percentage of total ending managed receivables as of the corresponding reporting date.
	The allowance for loan losses represents an estimate of the amount of net losses inherent in our portfolio of managed receivables as of the applicable reporting date and anticipated to occur during the following 12 months.  The allowance is primarily based on the credit quality of the underlying receivables, historical loss trends and forecasted forward loss curves.  We also take into account recent trends in delinquencies and losses, recovery rates and the economic environment.  The provision for loan losses is the periodic expense of maintaining an adequate allowance.
	Past Due Receivables
				As of May 31			As of February 28
	(In millions)			2014		%  (1)	2014		%  (1)
	Total ending managed receivables		$	7,573.8		100.0	$	7,184.4	100.0
	Delinquent loans:
	31-60 days past due		$	133.5		1.7	$	126.6	1.8
	61-90 days past due			42.4		0.6		42.6	0.6
	Greater than 90 days past due			14.2		0.2		16.0	0.2
	Total past due		$	190.1		2.5	$	185.2	2.6
	(1)Percentage of total ending managed receivables.

Derivative_Instruments_And_Hed

Derivative Instruments And Hedging Activities	3 Months Ended
	31-May-14
Derivative Instruments And Hedging Activities [Abstract]	'
Derivative Instruments And Hedging Activities	'
	5.Derivative Instruments and Hedging Activities
	Risk Management Objective of Using Derivatives.  We are exposed to certain risks arising from both our business operations and economic conditions, particularly with regard to future issuances of fixed-rate debt and existing and future issuances of floating-rate debt.  Primary exposures include LIBOR and other rates used as benchmarks in our securitizations.  We enter into derivative instruments to manage exposures that arise from business activities that result in the future known receipt or payment of uncertain cash amounts, the values of which are impacted by interest rates.  Our derivative instruments are used to manage differences in the amount of our known or expected cash receipts and our known or expected cash payments principally related to the funding of our auto loan receivables.
	We do not anticipate significant market risk from derivatives as they are predominantly used to match funding costs to the use of the funding.  However, disruptions in the credit or interest rate markets could impact the effectiveness of our hedging strategies.
	Credit risk is the exposure to nonperformance of another party to an agreement.  We mitigate credit risk by dealing with highly rated bank counterparties.
	Designated Cash Flow Hedges.  Our objectives in using interest rate derivatives are to add stability to CAF’s interest expense, to manage our exposure to interest rate movements and to better match funding costs to the interest received on the fixed-rate receivables being securitized.  To accomplish these objectives, we primarily use interest rate swaps that involve the receipt of variable amounts from a counterparty in exchange for our making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.  These interest rate swaps are designated as cash flow hedges of forecasted interest payments in anticipation of permanent funding in the term securitization market.
	For derivatives that are designated and qualify as cash flow hedges, the effective portion of changes in the fair value is initially recorded in accumulated other comprehensive loss (“AOCL”) and is subsequently reclassified into CAF income in the period that the hedged forecasted transaction affects earnings.  The ineffective portion of the change in fair value of the derivatives is recognized directly in CAF income.  Amounts reported in AOCL related to derivatives will be reclassified to CAF income as interest expense is incurred on our future issuances of fixed-rate debt.  During the next 12 months, we estimate that an additional $10.7 million will be reclassified as a decrease to CAF income.
	As of May 31, 2014 and February 28, 2014, we had interest rate swaps outstanding with combined notional amounts of $950.0  million and $869.0 million, respectively, which were designated as cash flow hedges of interest rate risk.
	Non-designated Hedges.  Derivative instruments not designated as accounting hedges are not speculative.  These instruments are used to limit risk for investors in the warehouse facilities.  Changes in the fair value of derivatives not designated as accounting hedges are recorded directly in CAF income.
	As of May 31, 2014 and February 28, 2014, we  had no derivatives that were not designated as accounting hedges.
	Fair Values of Derivative Instruments
		As of May 31, 2014					As of February 28, 2014
	(In thousands)	Assets			Liabilities		Assets		Liabilities
	Derivatives designated as accounting hedges:
	Interest rate swaps (1)		$	―	$	-2,130	$	―	$	-1,351
	Total		$	―	$	-2,130	$	―	$	-1,351
	(1)Reported in accounts payable on the consolidated balance sheets.
	Effect of Derivative Instruments on Comprehensive Income
			Three Months Ended
			31-May
	(In thousands)		2014		2013
	Derivatives designated as accounting hedges:
	(Loss)/gain recognized in AOCL (1)		$	-1,798	$	462
	Loss reclassified from AOCL into CAF income (1)		$	-2,263	$	-2,905
	Gain recognized in CAF Income (2)		$	―	$	21
	(1)Represents the effective portion.
	(2)Represents the ineffective portion.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	31-May-14
Fair Value Measurements [Abstract]	'
Fair Value Measurements	'
	6.Fair Value Measurements
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market or, if none exists, the most advantageous market, for the specific asset or liability at the measurement date (referred to as the “exit price”).  The fair value should be based on assumptions that market participants would use, including a consideration of nonperformance risk.
	We assess the inputs used to measure fair value using the three-tier hierarchy.  The hierarchy indicates the extent to which inputs used in measuring fair value are observable in the market.
	Level 1Inputs include unadjusted quoted prices in active markets for identical assets or liabilities that we can access at the measurement date.
	Level 2Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets in active markets, quoted prices from identical or similar assets in inactive markets and observable inputs such as interest rates and yield curves.
	Level 3Inputs that are significant to the measurement that are not observable in the market and include management's judgments about the assumptions market participants would use in pricing the asset or liability (including assumptions about risk).
	Our fair value processes include controls that are designed to ensure that fair values are appropriate.  Such controls include model validation, review of key model inputs, analysis of period-over-period fluctuations and reviews by senior management.
	Valuation Methodologies
	Money Market Securities.  Money market securities are cash equivalents, which are included in either cash and cash equivalents or other assets, and consist of highly liquid investments with original maturities of three months or less.  We use quoted market prices for identical assets to measure fair value.  Therefore, all money market securities are classified as Level 1.
	Mutual Fund Investments.  Mutual fund investments consist of publicly traded mutual funds that primarily include diversified investments in large-, mid- and small-cap domestic and international companies.  The investments, which are included in other assets, are held in a rabbi trust established to fund informally our executive deferred compensation plan.  We use quoted active market prices for identical assets to measure fair value.  Therefore, all mutual fund investments are classified as Level 1.
	Derivative Instruments.  The fair values of our derivative instruments are included in either other current assets or accounts payable.  As described in Note 5, as part of our risk management strategy, we utilize derivative instruments to manage differences in the amount of our known or expected cash receipts and our known or expected cash payments principally related to the funding of our auto loan receivables.  Our derivatives are not exchange-traded and are over-the-counter customized derivative instruments.  All of our derivative exposures are with highly rated bank counterparties.
	We measure derivative fair values assuming that the unit of account is an individual derivative instrument and that derivatives are sold or transferred on a stand-alone basis.  We estimate the fair value of our derivatives using quotes determined by the derivative counterparties and third-party valuation services.  Quotes from third-party valuation services and quotes received from bank counterparties project future cash flows and discount the future amounts to a present value using market-based expectations for interest rates and the contractual terms of the derivative instruments.  The models do not require significant judgment and model inputs can typically be observed in the liquid market; however, because the models include inputs other than quoted prices in active markets, all derivatives are classified as Level 2.
	Our derivative fair value measurements consider assumptions about counterparty and our own nonperformance risk.  We monitor counterparty and our own nonperformance risk and, in the event that we determine that a party is unlikely to perform under terms of the contract, we would adjust the derivative fair value to reflect the nonperformance risk.
	Items Measured at Fair Value on a Recurring Basis
		As of May 31, 2014
	(In thousands)	Level 1			Level 2			Total
	Assets:
	Money market securities	$	549,371		$	―		$	549,371
	Mutual fund investments		8,600			―			8,600
	Total assets at fair value	$	557,971		$	―		$	557,971
	Percentage of total assets at fair value		100.0	%		―	%		100.0	%
	Percentage of total assets		4.6	%		―	%		4.6	%
	Liabilities:
	Derivative instruments	$	―		$	2,130		$	2,130
	Total liabilities at fair value	$	―		$	2,130		$	2,130
	Percentage of total liabilities		―	%		―	%		―	%
		As of February 28, 2014
	(In thousands)	Level 1			Level 2			Total
	Assets:
	Money market securities	$	641,622		$	―		$	641,622
	Mutual fund investments		5,609			―			5,609
	Total assets at fair value	$	647,231		$	―		$	647,231
	Percentage of total assets at fair value		100.0	%		―	%		100.0	%
	Percentage of total assets		5.5	%		―	%		5.5	%
	Liabilities:
	Derivative instruments	$	―		$	1,351		$	1,351
	Total liabilities at fair value	$	―		$	1,351		$	1,351
	Percentage of total liabilities		―	%		―	%		―	%

Cancellation_Reserves

Cancellation Reserves	3 Months Ended
	31-May-14
Cancellation Reserves [Abstract]	'
Cancellation Reserves	'
	7.Cancellation Reserves
	We recognize commission revenue for EPP products at the time of sale, net of a reserve for estimated contract cancellations.  Cancellations of these services may result from early termination by the customer, or default or prepayment on the finance contract.  The reserve for cancellations is evaluated for each product, and is based on forecasted forward cancellation curves utilizing historical experience, recent trends and credit mix of the customer base.
	Cancellation Reserves
		As of May 31
	(In millions)		2014		2013
	Balance as of beginning of year	$	72.5	$	32.7
	Cancellations		-12.5		-8.5
	Provision for future cancellations		21.1		9.1
	Balance as of end of period	$	81.1	$	33.3

Income_Taxes

Income Taxes	3 Months Ended
	31-May-14
Income Taxes [Abstract]	'
Income Taxes	'
	8.Income Taxes
	We had $27.6 million of gross unrecognized tax benefits as of May 31, 2014, and $26.3 million as of February 28, 2014.  There were no significant changes to the gross unrecognized tax benefits as reported for the year ended February 28, 2014, as all activity was related to positions taken on tax returns filed or intended to be filed in the current fiscal year.

Benefit_Plans

Benefit Plans	3 Months Ended
	31-May-14
Benefit Plans [Abstract]	'
Benefit Plans	'
	9.Retirement Plans
	Effective December 31, 2008, we froze both of our noncontributory defined benefit plans: our pension plan (the “pension plan”) and our unfunded, nonqualified plan (the “restoration plan”), which restores retirement benefits for certain associates who are affected by Internal Revenue Code limitations on benefits provided under the pension plan.  No additional benefits have accrued under these plans since that date.  In connection with benefits earned prior to December 31, 2008, we have a continuing obligation to fund the pension plan and will continue to recognize net periodic pension expense for both plans.  We use a fiscal year end measurement date for both the pension plan and the restoration plan.
	Components of Net Pension Expense
			Three Months Ended May 31
	(In thousands)		Pension Plan				Restoration Plan				Total
			2014		2013		2014		2013		2014		2013
	Interest cost	$	2,008	$	1,896	$	113	$	99	$	2,121	$	1,995
	Expected return on plan assets		-2,267		-1,980		―		―		-2,267		-1,980
	Recognized actuarial loss		340		408		―		―		340		408
	Net pension expense	$	81	$	324	$	113	$	99	$	194	$	423
	We made $0.5 million in contributions to the pension plan during the three months ended May 31, 2014, and anticipate making $3.7 million in contributions during the remainder of fiscal 2015.  The expected long-term rate of return on plan assets for the pension plan was 7.75% as of February 28, 2014.

Debt

Debt	3 Months Ended
	31-May-14
Debt [Abstract]	'
Debt	'
	10.Debt
			As of May 31		As of February 28
	(In thousands)	2014			2014
	Short-term revolving credit facility		$	1,242	$	582
	Current portion of finance and capital lease obligations			19,715		18,459
	Current portion of non-recourse notes payable			253,972		223,938
	Total current debt			274,929		242,979
	Finance and capital lease obligations, excluding current portion			315,762		315,925
	Non-recourse notes payable, excluding current portion			7,373,003		7,024,506
	Total debt, excluding current portion			7,688,765		7,340,431
	Total debt		$	7,963,694	$	7,583,410
	Revolving Credit Facility.  Our $700 million unsecured revolving credit facility (the “credit facility”) expires in  August 2016.  Borrowings under the credit facility are available for working capital and general corporate purposes.  Borrowings accrue interest at variable rates based on LIBOR, the federal funds rate, or the prime rate, depending on the type of borrowing, and we pay a commitment fee on the unused portions of the available funds.  As of May 31, 2014, the remaining capacity was fully available to us.
	Finance and Capital Lease Obligations.  Finance and capital lease obligations relate primarily to superstores subject to sale-leaseback transactions that did not qualify for sale accounting, and therefore, are accounted for as financings.  The leases were structured at varying interest rates and generally have initial lease terms ranging from 15 to 20 years with payments made monthly.  Payments on the leases are recognized as interest expense and a reduction of the obligations.  We have not entered into any sale-leaseback transactions since fiscal 2009.
	Non-Recourse Notes Payable.  The non-recourse notes payable relate to auto loan receivables funded through term securitizations and our warehouse facilities.  The timing of principal payments on the non-recourse notes payable is based on principal collections, net of losses, on the securitized auto loan receivables.  The current portion of non-recourse notes payable represents principal payments that are due to be distributed in the following period.
	As of May 31, 2014, $6.66 billion of non-recourse notes payable was outstanding related to term securitizations.  These notes payable accrue interest at fixed rates and have scheduled maturities through November 2020, but may mature earlier or later, depending upon the repayment rate of the underlying auto loan receivables.
	As of May 31, 2014, $964.0 million of non-recourse notes payable was outstanding related to our warehouse facilities.  The combined warehouse facility limit was $1.8 billion, and unused warehouse capacity totaled $836.0 million.  In July 2014, we increased the limit of one of our warehouse facilities by an additional $300.0 million.  Of the combined warehouse facility limit, $800.0 million will expire in August 2014 and $1.3 billion will expire in February 2015.  The return requirements of the warehouse facility investors could fluctuate significantly depending on market conditions.  At renewal, the cost, structure and capacity of the facilities could change.  These changes could have a significant impact on our funding costs.
	See Notes 2 and 4 for additional information on the related securitized auto loan receivables.
	Financial Covenants. The credit facility agreement contains representations and warranties, conditions and covenants.  We must also meet financial covenants in conjunction with certain of the sale-leaseback transactions.  Our securitization agreements contain representations and warranties, financial covenants and performance triggers.  As of May 31, 2014, we were in compliance with all financial covenants and our securitized receivables were in compliance with the related performance triggers.

Stock_And_StockBased_Incentive

Stock And Stock-Based Incentive Plans	3 Months Ended
	31-May-14
Stock And Stock-Based Incentive Plans [Abstract]	'
Stock And Stock-Based Incentive Plans	'
	11.Stock and Stock-Based Incentive Plans
	(A)Share Repurchase Program
	In fiscal 2013, our board of directors authorized the repurchase of up to $800 million of our common stock, and in March 2014, our board of directors authorized the repurchase of up to an additional $1.0 billion of our common stock.
	For the three months ended May 31, 2014, we repurchased 3,841,939 shares of common stock at an average purchase price of $45.33 per share.  For the three months ended May 31, 2013, we repurchased 2,945,622 shares of common stock at an average purchase price of $42.29 per share. As of May 31, 2014, $1.1  billion was available for repurchase under the authorizations, of which $107.9 million is scheduled to expire on December 31, 2014, and $1.0 billion is scheduled to expire on December 31, 2015.
	(B)Stock Incentive Plans
	We maintain long-term incentive plans for management, key employees and the nonemployee members of our board of directors.  The plans allow for the granting of equity-based compensation awards, including nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock awards, stock- and cash-settled restricted stock units, stock grants or a combination of awards.  To date, we have not awarded any incentive stock options.
	The majority of associates who receive share-based compensation awards primarily receive cash-settled restricted stock units.  Senior management and other key associates receive awards of nonqualified stock options and stock-settled restricted stock units.  Nonemployee directors receive awards of nonqualified stock options and stock grants.
	Nonqualified Stock Options.  Nonqualified stock options are awards that allow the recipient to purchase shares of our common stock at a fixed price.  Stock options are granted at an exercise price equal to the fair market value of our common stock on the grant date.  The stock options generally vest annually in equal amounts over periods of one to four years.  These options are subject to forfeiture and expire no later than ten years after the date of the grant.
	Cash-Settled Restricted Stock Units.  Also referred to as restricted stock units, or RSUs, these are awards that entitle the holder to a cash payment equal to the fair market value of a share of our common stock for each unit granted.  Conversion generally occurs at the end of a three-year vesting period.  However, the cash payment per RSU will not be greater than 200% or less than 75% of the fair market value of a share of our common stock on the grant date.  RSUs are liability awards that are subject to forfeiture and do not have voting rights.
	Stock-Settled Restricted Stock Units.  Also referred to as market stock units, or MSUs, these are awards to eligible key associates that are converted into between zero and two shares of common stock for each unit granted.  Conversion generally occurs at the end of a three-year vesting period.  The conversion ratio is calculated by dividing the average closing price of our stock during the final forty trading days of the three-year vesting period by our stock price on the grant date, with the resulting quotient capped at two.  This quotient is then multiplied by the number of MSUs granted to yield the number of shares awarded.  MSUs are subject to forfeiture and do not have voting rights.
	(C)Share-Based Compensation
	Composition of Share-Based Compensation Expense
			Three Months Ended
			31-May
	(In thousands)		2014			2013
	Cost of sales		$	327		$	1,273
	CarMax Auto Finance income			676			782
	Selling, general and administrative expenses			14,716			21,174
	Share-based compensation expense, before income taxes		$	15,719		$	23,229
	Composition of Share-Based Compensation Expense – By Grant Type
			Three Months Ended
			31-May
	(In thousands)		2014			2013
	Nonqualified stock options		$	8,120		$	7,033
	Cash-settled restricted stock units			3,147			12,088
	Stock-settled restricted stock units			4,121			3,820
	Employee stock purchase plan			331			288
	Stock grants to non-employee directors			―			―
	Share-based compensation expense, before income taxes		$	15,719		$	23,229
	We recognize compensation expense for stock options and MSUs on a straight-line basis (net of estimated forfeitures) over the requisite service period, which is generally the vesting period of the award.  The variable expense associated with RSUs is recognized over their vesting period (net of estimated forfeitures) and is calculated based on the volume-weighted average price of our common stock on the last trading day of each reporting period.  The total costs for matching contributions for our employee stock purchase plan are included in share-based compensation expense.  There were no capitalized share-based compensation costs as of or for the three months ended May 31, 2014 or 2013.
	Stock Option Activity
									Weighted
									Average
					Weighted				Remaining				Aggregate
		Number of			Average				Contractual				Intrinsic
	(Shares and intrinsic value in thousands)	Shares			Exercise Price				Life (Years)				Value
	Outstanding as of February 28, 2014		10,018		$	27.02
	Options granted		2,003			44.96
	Options exercised		-374			18.11
	Options forfeited or expired		-12			23.64
	Outstanding as of May 31, 2014		11,635		$	30.40				4.1			$	163,230
	Exercisable as of May 31, 2014		7,129		$	24.01				2.9			$	144,745
	For the three months ended May 31, 2014 and 2013, we granted nonqualified options to purchase 2,003,238 and 1,569,117 shares of common stock, respectively.  The total cash received as a result of stock option exercises for the three months ended May 31, 2014 and 2013, was $6.8 million and $17.0 million, respectively.  We settle stock option exercises with authorized but unissued shares of our common stock.  The total intrinsic value of options exercised for the three months ended May 31, 2014 and 2013, was $10.6 million and $23.4 million, respectively.  We realized related tax benefits of $4.2 million and $9.4 million during the three months ended May 31, 2014 and 2013, respectively.
	Outstanding Stock Options
							As of May 31, 2014
							Options Outstanding								Options Exercisable
										Weighted
										Average			Weighted				Weighted
										Remaining			Average				Average
	(Shares in thousands)						Number of			Contractual			Exercise		Number of		Exercise
	Range of Exercise Prices						Shares			Life (Years)			Price		Shares		Price
	$	11.43						1,468			1.8		$	11.43		1,468	$	11.43
	$	13.19	-	$	19.82			1,341			0.8		$	15.89		1,341	$	15.89
	$	19.98	-	$	25.39			1,498			2.9		$	25.20		1,498	$	25.20
	$	25.67	-	$	32.69			3,717			4.3		$	32.13		2,379	$	32.22
	$	33.11	-	$	49.25			3,611			6.4		$	43.88		443	$	42.09
	Total							11,635			4.1		$	30.40		7,129	$	24.01
	For stock options, the fair value of each award is estimated as of the date of grant using a binomial valuation model.  In computing the value of the option, the binomial model considers characteristics of fair-value option pricing that are not available for consideration under a closed-form valuation model (for example, the Black-Scholes model), such as the contractual term of the option, the probability that the option will be exercised prior to the end of its contractual life and the probability of termination or retirement of the option holder.  For this reason, we believe that the binomial model provides a fair value that is more representative of actual experience and future expected experience than the value calculated using a closed-form model.  Estimates of fair value are not intended to predict actual future events or the value ultimately realized by the recipients of share-based awards.
	The weighted average fair value per share at the date of grant for options granted during the three months ended May 31, 2014 and 2013, was $13.21 and $15.55, respectively.  The unrecognized compensation costs related to nonvested options totaled $50.6 million as of May 31, 2014.  These costs are expected to be recognized on a straight-line basis over a weighted average period of 2.6 years.
	Assumptions Used to Estimate Option Values
			Three Months Ended May 31
			2014						2013
	Dividend yield					0.0	%					0.0	%
Expected volatility factor (1)		25.2	%	-	32.7	%		28.1	%	-	46.8	%
Weighted average expected volatility					31.9	%					44.8	%
Risk-free interest rate (2)		0.03	%	-	2.7	%		0.04	%	-	1.7	%
Expected term (in years) (3)					4.7						4.7
(1)Measured using historical daily price changes of our stock for a period corresponding to the term of the options and the implied volatility derived from the market prices of traded options on our stock.
(2)Based on the U.S. Treasury yield curve in effect at the time of grant.
(3)Represents the estimated number of years that options will be outstanding prior to exercise.
Cash-Settled Restricted Stock Unit Activity
				Weighted
				Average
		Number of		Grant Date
(Units in thousands)		Units		Fair Value
Outstanding as of February 28, 2014		1,531		$	35.68
Stock units granted		587		$	44.96
Stock units vested and converted		-458		$	32.71
Stock units cancelled		-29		$	37.81
Outstanding as of May 31, 2014		1,631		$	39.82
For the three months ended May 31, 2014 and 2013, we granted 587,186 and 541,741 RSUs, respectively.  The initial fair market value per RSU at the date of grant for the RSUs granted during the three months ended May 31, 2014 and 2013, was $44.96 and $42.68, respectively.  The RSUs are cash-settled upon vesting.  For the three months ended May 31, 2014 and 2013, we paid $21.1 million and $22.7 million, respectively (before payroll tax withholdings), to RSU holders upon the vesting of RSUs.  We realized tax benefits of $8.4 million and $9.0 million during the three months ended May 31, 2014 and 2013, respectively.
Expected Cash Settlement Range Upon Restricted Stock Unit Vesting
		As of May 31, 2014
(In thousands)		Minimum (1)			Maximum (1)
Fiscal 2016		$	12,460		$	33,226
Fiscal 2017			14,144			37,716
Fiscal 2018			16,321			43,523
Total expected cash settlements		$	42,925		$	114,465
(1)Net of estimated forfeitures.
Stock-Settled Restricted Stock Unit Activity
				Weighted
				Average
		Number of		Grant Date
(Units in thousands)		Units		Fair Value
Outstanding as of February 28, 2014		852		$	45.26
Stock units granted		245		$	55.37
Stock units vested and converted		-281		$	45.57
Stock units cancelled		―		$	―
Outstanding as of May 31, 2014		816		$	48.19
For the three months ended May 31, 2014 and 2013, we granted 245,190 and 235,459 MSUs, respectively.  The weighted average fair value per MSU at the date of grant for MSUs granted during the three months ended May 31, 2014 and 2013, was $55.37 and $51.95, respectively.  The fair values were determined using a Monte-Carlo simulation and were based on the expected market price of our common stock on the vesting date and the expected number of converted common shares.  We realized related tax benefits of $7.1 million and $6.8 million for the three months ended May 31, 2014 and 2013, respectively, from the vesting of market stock units.  The unrecognized compensation costs related to nonvested MSUs totaled $22.4 million as of May 31, 2014.  These costs are expected to be recognized on a straight-line basis over a weighted average period of 1.6 years.

Net_Earnings_Per_Share

Net Earnings Per Share	3 Months Ended
	31-May-14
Net Earnings Per Share [Abstract]	'
Net Earnings Per Share	'
	12.Net Earnings per Share
	Basic net earnings per share is computed by dividing net earnings available for basic common shares by the weighted average number of shares of common stock outstanding.  Diluted net earnings per share is computed by dividing net earnings available for diluted common shares by the sum of weighted average number of shares of common stock outstanding and dilutive potential common  stock.
	Basic and Dilutive Net Earnings Per Share Reconciliations
		Three Months Ended
		31-May
	(In thousands except per share data)	2014		2013
	Net earnings	$	169,653	$	146,651
	Weighted average common shares outstanding		220,268		224,618
	Dilutive potential common shares:
	Stock options		2,772		3,194
	Stock-settled restricted stock units		592		740
	Weighted average common shares and dilutive
	potential common shares		223,632		228,552
	Basic net earnings per share	$	0.77	$	0.65
	Diluted net earnings per share	$	0.76	$	0.64
	Certain weighted-average options to purchase shares of common stock were outstanding and not included in the calculation of diluted net earnings per share because their inclusion would have been antidilutive.  For the three months ended May 31, 2014 and 2013, weighted-average options to purchase 2,420,758 shares and 801,614 shares of common stock, respectively, were not included.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	3 Months Ended
	31-May-14
Accumulated Other Comprehensive Loss [Abstract]	'
Accumulated Other Comprehensive Loss	'
	13.Accumulated Other Comprehensive Loss
	Changes in Accumulated Other Comprehensive Loss by Component
								Total
			Net					Accumulated
			Unrecognized			Net		Other
			Actuarial			Unrecognized		Comprehensive
	(In thousands, net of income taxes)		Losses			Hedge Losses		Loss
	Balance as of February 28, 2014		$	-38,715		$	-7,556	$	-46,271
	Other comprehensive loss before reclassifications			―			-1,091		-1,091
	Amounts reclassified from accumulated other comprehensive loss			213			1,373		1,586
	Other comprehensive income			213			282		495
	Balance as of May 31, 2014		$	-38,502		$	-7,274	$	-45,776
	Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss
			Three Months Ended May 31
	(In thousands)		2014		2013
	Retirement Benefit Plans (Note 9):
	Actuarial loss amortization reclassifications recognized
	in net pension expense:
	Cost of sales	$	138	$	162
	CarMax Auto Finance income		7		9
	Selling, general and administrative expenses		195		237
	Total amortization reclassifications recognized
	in net pension expense		340		408
	Tax expense		-127		-152
	Amortization reclassifications recognized in net
	pension expense, net of tax		213		256
	Net change in retirement benefit plan unrecognized
	actuarial losses, net of tax		213		256
	Cash Flow Hedges (Note 5):
	Effective portion of changes in fair value		-1,798		462
	Tax benefit/(expense)		707		-181
	Effective portion of changes in fair value, net of tax		-1,091		281
	Reclassifications to CarMax Auto Finance income		2,263		2,905
	Tax expense		-890		-1,144
	Reclassification of hedge losses, net of tax		1,373		1,761
	Net change in cash flow hedge unrecognized losses,
	net of tax		282		2,042
	Total other comprehensive income, net of tax	$	495	$	2,298
	Changes in the funded status of our retirement plans and the effective portion of changes in the fair value of derivatives that are designated and qualify as cash flow hedges are recognized in accumulated other comprehensive loss.  The cumulative balances are net of deferred taxes of $27.4 million as of May 31, 2014, and $27.7 million as of February 28, 2014.

Commitments_And_Contingencies

Commitments And Contingencies	3 Months Ended
	31-May-14
Commitments And Contingencies [Abstract]	'
Commitments And Contingencies	'
	14.Contingent Liabilities
	Litigation.  On April 2, 2008, Mr. John Fowler filed a putative class action lawsuit against CarMax Auto Superstores California, LLC and CarMax Auto Superstores West Coast, Inc. in the Superior Court of California, County of Los Angeles.  Subsequently, two other lawsuits, Leena Areso et al. v.  CarMax Auto Superstores California, LLC and Justin Weaver v. CarMax Auto Superstores California, LLC, were consolidated as part of the Fowler case.  The allegations in the consolidated case involved: (1) failure to provide meal and rest breaks or compensation in lieu thereof; (2) failure to pay wages of terminated or resigned employees related to meal and rest breaks and overtime; (3) failure to pay overtime; (4) failure to comply with itemized employee wage statement provisions; (5) unfair competition; and (6) California’s Labor Code Private Attorney General Act.  The putative class consisted of sales consultants, sales managers, and other hourly employees who worked for the company in California from April 2, 2004, to the present.  On May 12, 2009, the court dismissed all of the class claims with respect to the sales manager putative class.  On June 16, 2009, the court dismissed all claims related to the failure to comply with the itemized employee wage statement provisions.  The court also granted CarMax’s motion for summary adjudication with regard to CarMax’s alleged failure to pay overtime to the sales consultant putative class.  The plaintiffs appealed the court's ruling regarding the sales consultant overtime claim.  On May 20, 2011, the California Court of Appeal affirmed the ruling in favor of CarMax.  The plaintiffs filed a Petition of Review with the California Supreme Court, which was denied.  As a result, the plaintiffs’ overtime claims are no longer a  part of the lawsuit.
	The claims currently remaining in the lawsuit regarding the sales consultant putative class are: (1) failure to provide meal and rest breaks or compensation in lieu thereof; (2) failure to pay wages of terminated or resigned employees related to meal and rest breaks; (3) unfair competition; and (4) California’s Labor Code Private Attorney General Act.  On June 16, 2009, the court entered a stay of these claims pending the outcome of a California Supreme Court case involving unrelated third parties but related legal issues.  Subsequently, CarMax moved to lift the stay and compel the plaintiffs’ remaining claims into arbitration on an individual basis, which the court granted on November 21, 2011.  The plaintiffs appealed the court’s ruling to the California Court of Appeal.  On March 26, 2013, the California Court of Appeal reversed the trial court's order granting CarMax's motion to compel arbitration.  On October 8, 2013, CarMax filed a petition for a writ of certiorari seeking review in the United States Supreme Court.  On February 24, 2014, the United States Supreme Court granted CarMax's petition for certiorari, vacated the California Court of Appeal decision and remanded the case to the California Court of Appeal for further consideration.  The Fowler lawsuit seeks compensatory and special damages, wages, interest, civil and statutory penalties, restitution, injunctive relief and the recovery of attorneys’ fees.  We are unable to make a reasonable estimate of the amount or range of loss that could result from an unfavorable outcome in these matters.
	We are involved in various other legal proceedings in the normal course of business.  Based upon our evaluation of information currently available, we believe that the ultimate resolution of any such proceedings will not have a material effect, either individually or in the aggregate, on our financial condition, results of operations or cash flows.
	Gain Contingency.  The Company is a class member in a consolidated and settled class action lawsuit (In Re Toyota Motor Corp. Unintended Acceleration Marketing, Sales Practices, and Products Liability Litig., Case No. 10-2151 (C.D. Cal.), consolidated as of April 9, 2010) against Toyota Motor Corp. and Toyota Motor Sales, USA, Inc. (collectively, “Toyota”) related to the economic loss associated with certain Toyota vehicles equipped with electronic throttle controls systems and the potential unintended acceleration of these vehicles.  On April 3, 2014, the claims administrator in this matter provided notice to the Company that the Company may recover approximately $20 million (net of attorney’s fees and expenses) as its share of the settlement proceeds in the third calendar quarter of 2014.  The estimated recovery: (1) may be reduced to the extent that the total claims made exceed the settlement pool; (2) is subject to final approval of supporting documentation; and (3) remains subject to the entry of a final approval order from the district court judge.  We will recognize these proceeds when funds are received from the claims administrator.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	31-May-14
Summary Of Significant Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation and Use of Estimates.  The accompanying interim unaudited consolidated financial statements include the accounts of CarMax and our wholly owned subsidiaries.  All significant intercompany balances and transactions have been eliminated in consolidation.  These consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information.  Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements.  In the opinion of management, such interim consolidated financial statements reflect all normal recurring adjustments considered necessary to present fairly the financial position and the results of operations and cash flows for the interim periods presented.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full fiscal year.  These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes included in our Annual Report on Form 10-K for the fiscal year ended February 28, 2014.
Use Of Estimates	'
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities.  Actual results could differ from those estimates.  Certain prior year amounts have been reclassified to conform to current year’s presentation.  Amounts and percentages may not total due to rounding.
Cash And Cash Equivalents	'
	Cash and Cash Equivalents.  Cash equivalents of $514.7 million as of May 31, 2014, and $607.0 million as of      February 28, 2014, consisted of highly liquid investments with original maturities of three months or less.
Restricted Cash From Collections On Auto Loan Receivables	'
	Restricted Cash from Collections on Auto Loan Receivables.  Cash accounts totaling $290.7 million as of May 31, 2014, and $259.3 million as of February 28, 2014, consisted of collections of principal and interest payments on securitized auto loan receivables that are restricted for payment to the securitization investors pursuant to the applicable securitization agreements.
Securitizations	'
	Securitizations.  We maintain a revolving securitization program composed of two warehouse facilities (“warehouse facilities”) that we use to fund auto loan receivables originated by CAF until we elect to fund them through a term securitization or alternative funding arrangement.  We sell the auto loan receivables to a wholly owned, bankruptcy-remote, special purpose entity that transfers an undivided percentage ownership interest in the receivables, but not the receivables themselves, to entities formed by third-party investors.  These entities issue asset-backed commercial paper or utilize other funding sources supported by the transferred receivables, and the proceeds are used to finance the securitized receivables.
	We typically use term securitizations to provide long-term funding for most of the auto loan receivables initially securitized through the warehouse facilities.  In these transactions, a pool of auto loan receivables is sold to a bankruptcy-remote, special purpose entity that, in turn, transfers the receivables to a special purpose securitization trust.  The securitization trust issues asset-backed securities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the asset-backed securities are used to finance the securitized receivables.
	We are required to evaluate term securitization trusts for consolidation.  In our capacity as servicer, we have the power to direct the activities of the trusts that most significantly impact the economic performance of the trusts.  In addition, we have the obligation to absorb losses (subject to limitations) and the rights to receive any returns of the trusts, which could be significant.  Accordingly, we are the primary beneficiary of the trusts and are required to consolidate them.
	We recognize transfers of auto loan receivables into the warehouse facilities and term securitizations (“securitization vehicles”) as secured borrowings, which result in recording the auto loan receivables and the related non-recourse notes payable to the investors on our consolidated balance sheets.
	The securitized receivables can only be used as collateral to settle obligations of the securitization vehicles.  The securitization vehicles and investors have no recourse to our assets beyond the securitized receivables, the amounts on deposit in reserve accounts and the restricted cash from collections on auto loan receivables.  We have not provided financial or other support to the securitization vehicles that was not previously contractually required, and there are no additional arrangements, guarantees or other commitments that could require us to provide financial support to the securitization vehicles.
	See Notes 4 and 10 for additional information on auto loan receivables and non-recourse notes payable.
Auto Loan Receivables, Net	'
	Auto Loan Receivables, Net.  Auto loan receivables include amounts due from customers related to retail vehicle sales financed through CAF.  The receivables are presented net of an allowance for estimated loan losses.  The allowance for loan losses represents an estimate of the amount of net losses inherent in our portfolio of managed receivables as of the applicable reporting date and anticipated to occur during the following 12 months.  The allowance is primarily based on the credit quality of the underlying receivables, historical loss trends and forecasted forward loss curves.  We also take into account recent trends in delinquencies and losses, recovery rates and the economic environment.  The provision for loan losses is the periodic expense of maintaining an adequate allowance.
	An account is considered delinquent when the related customer fails to make a substantial portion of a scheduled payment on or before the due date.  In general, accounts are charged-off on the last business day of the month during which the earliest of the following occurs:  the receivable is 120 days or more delinquent as of the last business day of the month, the related vehicle is repossessed and liquidated, or the receivable is otherwise deemed uncollectible.  For purposes of determining impairment, auto loans are evaluated collectively, as they represent a large group of smaller-balance homogeneous loans, and therefore, are not individually evaluated for impairment.  See Note 4 for additional information on auto loan receivables.
	Interest income and expenses related to auto loans are included in CAF income.  Interest income on auto loan receivables is recognized when earned based on contractual loan terms.  All loans continue to accrue interest until repayment or charge‑off.  Direct costs associated with loan originations are not considered material, and thus, are expensed as incurred.  See Note 3 for additional information on CAF income.
Property And Equipment	'
	Property and Equipment, Net.  Property and equipment is reported net of accumulated depreciation and amortization of $754.2 million and $730.6 million as of May 31, 2014 and February 28, 2014, respectively.
Other Assets Restricted	'
	Other Assets.  Other assets includes amounts classified as restricted cash on deposit in reserve accounts and restricted investments.  The restricted cash on deposit in reserve accounts is for the benefit of holders of non-recourse notes payable, and these funds are not expected to be available to the company or its creditors.  In the event that the cash generated by the securitized receivables in a given period was insufficient to pay the interest, principal and other required payments, the balances on deposit in the reserve accounts would be used to pay those amounts.  Restricted cash on deposit in reserve accounts was $35.8 million as of May 31, 2014, and $32.5 million as of February 28, 2014.
	Restricted investments includes money market securities primarily held to satisfy certain insurance program requirements, as well as investments held in a rabbi trust established to fund informally our executive deferred compensation plan.  The rabbi trust investments are classified as trading securities with realized and unrealized gains and losses reflected as a component of other (expense) income.  Restricted investments was $43.2 million as of May 31, 2014, and $40.2 million as of February 28, 2014.
Revenue Recognition	'
	Revenue Recognition.    We recognize revenue when the earnings process is complete, generally either at the time of sale to a customer or upon delivery to a customer.  As part of our customer service strategy, we guarantee the retail vehicles we sell with a 5‑day, money-back guarantee.  We record a reserve for estimated returns based on historical experience and trends.
	We sell EPP products on behalf of unrelated third parties to customers who purchase a vehicle.  In May 2014, the ESPs we offer on all used vehicles were modified to provide coverage of 60 months (subject to mileage limitations).  Prior to this modification, the ESPs we offered provided coverage up to 72 months.  GAP covers the customer for the term of their finance contract. We recognize commission revenue at the time of sale, net of a reserve for estimated customer cancellations.  Periodically, we may receive additional commissions based upon the level of underwriting profits of the third parties who administer the products.  These additional commissions are recognized as revenue when received.  The reserve for cancellations is evaluated for each product, and is based on forecasted forward cancellation curves utilizing historical experience, recent trends and credit mix of the customer base.  Our risk related to customer cancellations is limited to the commissions that we receive.  Cancellations fluctuate depending on the volume of EPP sales, customer financing default or prepayment rates, and shifts in customer behavior, including those related to changes in the coverage or term of the product.  The current portion of estimated cancellation reserves is recognized as a component of other current liabilities with the remaining amount recognized in other liabilities.  See Note 7 for additional information on cancellation reserves.
	Customers applying for financing who are not approved by CAF may be evaluated by other financial institutions.  Depending on the credit profile of the customer, third-party finance providers generally either pay us or are paid a fixed, pre-negotiated fee per contract.  We recognize these fees at the time of sale.
	We collect sales taxes and other taxes from customers on behalf of governmental authorities at the time of sale.  These taxes are accounted for on a net basis and are not included in net sales and operating revenues or cost of sales.
Derivative Instruments And Hedging Activities	'
	Derivative Instruments and Hedging Activities.  We enter into derivative instruments to manage exposures that arise from business activities that result in the future known receipt or payment of uncertain cash amounts, the values of which are impacted by interest rates.  We recognize the derivatives at fair value as either current assets or current liabilities on the consolidated balance sheets, and where applicable, such contracts covered by master netting agreements are reported net.  Gross positive fair values are netted with gross negative fair values by counterparty.  The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting.  We may enter into derivative contracts that are intended to economically hedge certain risks, even though hedge accounting may not apply or we do not elect to apply hedge accounting.  See Note 5 for additional information on derivative instruments and hedging activities.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements.
	Effective in the Current Quarter.    In February 2013, the Financial Accounting Standards Board (“FASB”) issued an accounting pronouncement related to liabilities (FASB ASC Topic 405).  The amendments provide guidance on the recognition, measurement and disclosure of obligations resulting from joint and several liability arrangements, including debt arrangements, other contractual obligations, and settled litigation and judicial rulings.  This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  We adopted this pronouncement for our fiscal year beginning March 1, 2014, and there was no effect on our consolidated financial statements.
	In July 2013, the FASB issued an accounting pronouncement related to income taxes (FASB ASC Topic 740), which provides guidance regarding the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar loss or a tax credit carryforward exists.  Under certain circumstances, unrecognized tax benefits should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward.  This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, with early adoption permitted.  We adopted this pronouncement for our fiscal year beginning March 1, 2014, and there was no effect on our consolidated financial statements.
	Effective in Future Periods.  In May 2014, the FASB issued an accounting pronouncement related to revenue recognition (FASB ASC Topic 606), which amends the guidance in former ASC Topic 605, Revenue Recognition, and provides a single, comprehensive revenue recognition model for all contracts with customers.  This standard contains principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized.  The entity will recognize revenue to reflect the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services.  This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted.  We will adopt the provisions of ASC Topic 606 for our fiscal year beginning March 1, 2017, and are currently evaluating the impact on our consolidated financial statements

CarMax_Auto_Finance_Income_Tab

CarMax Auto Finance Income (Tables)	3 Months Ended
	31-May-14
CarMax Auto Finance Income [Abstract]	'
Components Of CarMax Auto Finance Income	'
		Three Months Ended May 31
	(In millions)	2014			%  (1)	2013			% (1)
	Interest margin:
	Interest and fee income		$	147.0	8.0		$	133.5	8.7
	Interest expense			-23.1	-1.2			-22.8	-1.5
	Total interest margin			123.9	6.7			110.7	7.2
	Provision for loan losses			-15.8	-0.9			-11.3	-0.7
	Total interest margin after
	provision for loan losses			108.1	5.8			99.4	6.5
	Direct expenses:
	Payroll and fringe benefit expense			-6.2	-0.3			-5.5	-0.4
	Other direct expenses			-7.3	-0.4			-6.9	-0.4
	Total direct expenses			-13.5	-0.7			-12.4	-0.8
	CarMax Auto Finance income		$	94.6	5.1		$	87.0	5.7
	Total average managed receivables		$	7,390.1			$	6,152.5
	(1)Annualized percentage of total average managed receivables.

Auto_Loan_Receivables_Tables

Auto Loan Receivables (Tables)	3 Months Ended
	31-May-14
Auto Loan Receivables [Abstract]	'
Auto Loan Receivables, Net	'
		As of May 31			As of February 28
	(In millions)		2014			2014
	Warehouse facilities	$	964.0		$	879.0
	Term securitizations		6,409.0			6,145.5
	Other receivables (1)		200.8			159.9
	Total ending managed receivables		7,573.8			7,184.4
	Accrued interest and fees		31.2			26.3
	Other		18.1			7.0
	Less allowance for loan losses		-75.4			-69.9
	Auto loan receivables, net	$	7,547.7		$	7,147.8
	(1)Other receivables includes receivables not funded through the warehouse facilities or term securitizations.
Ending Managed Receivables By Major Credit Grade	'
				As of May 31			As of February 28
	(In millions)			2014 (1)		%  (2)		2014 (1)	%  (2)
	A		$	3,698.6		48.8	$	3,506.0	48.8
	B			2,786.9		36.8		2,658.5	37.0
	C and other			1,088.3		14.4		1,019.9	14.2
	Total ending managed receivables		$	7,573.8		100.0	$	7,184.4	100.0
	(1)Classified based on credit grade assigned when customers were initially approved for financing.
	(2)Percentage of total ending managed receivables.
Allowance For Loan Losses	'
			Three Months Ended May 31
	(In millions)			2014		%  (1)		2013	%  (1)
	Balance as of beginning of year		$	69.9		0.97	$	57.3	0.97
	Charge-offs			-32				-26.4
	Recoveries			21.7				18.7
	Provision for loan losses			15.8				11.3
	Balance as of end of period		$	75.4		1.00	$	60.9	0.96
	(1)Percentage of total ending managed receivables as of the corresponding reporting date.
Past Due Receivables	'
				As of May 31			As of February 28
	(In millions)			2014		%  (1)	2014		%  (1)
	Total ending managed receivables		$	7,573.8		100.0	$	7,184.4	100.0
	Delinquent loans:
	31-60 days past due		$	133.5		1.7	$	126.6	1.8
	61-90 days past due			42.4		0.6		42.6	0.6
	Greater than 90 days past due			14.2		0.2		16.0	0.2
	Total past due		$	190.1		2.5	$	185.2	2.6
	(1)Percentage of total ending managed receivable

Derivative_Instruments_And_Hed1

Derivative Instruments And Hedging Activities (Tables)	3 Months Ended
	31-May-14
Derivative Instruments And Hedging Activities [Abstract]	'
Fair Values Of Derivative Instruments On The Consolidated Balance Sheets	'
		As of May 31, 2014					As of February 28, 2014
	(In thousands)	Assets			Liabilities		Assets		Liabilities
	Derivatives designated as accounting hedges:
	Interest rate swaps (1)		$	―	$	-2,130	$	―	$	-1,351
	Total		$	―	$	-2,130	$	―	$	-1,351
	(1)Reported in accounts payable on the consolidated balance sheets.
Schedule Of Effect Of Derivative Instruments On The Consolidated Statements Of Earnings	'
			Three Months Ended
			31-May
	(In thousands)		2014		2013
	Derivatives designated as accounting hedges:
	(Loss)/gain recognized in AOCL (1)		$	-1,798	$	462
	Loss reclassified from AOCL into CAF income (1)		$	-2,263	$	-2,905
	Gain recognized in CAF Income (2)		$	―	$	21
	(1)Represents the effective portion.
	(2)Represents the ineffective portion.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	31-May-14
Fair Value Measurements [Abstract]	'
Schedule Of Items Measured At Fair Value On A Recurring Basis	'
	Items Measured at Fair Value on a Recurring Basis
		As of May 31, 2014
	(In thousands)	Level 1			Level 2			Total
	Assets:
	Money market securities	$	549,371		$	―		$	549,371
	Mutual fund investments		8,600			―			8,600
	Total assets at fair value	$	557,971		$	―		$	557,971
	Percentage of total assets at fair value		100.0	%		―	%		100.0	%
	Percentage of total assets		4.6	%		―	%		4.6	%
	Liabilities:
	Derivative instruments	$	―		$	2,130		$	2,130
	Total liabilities at fair value	$	―		$	2,130		$	2,130
	Percentage of total liabilities		―	%		―	%		―	%
		As of February 28, 2014
	(In thousands)	Level 1			Level 2			Total
	Assets:
	Money market securities	$	641,622		$	―		$	641,622
	Mutual fund investments		5,609			―			5,609
	Total assets at fair value	$	647,231		$	―		$	647,231
	Percentage of total assets at fair value		100.0	%		―	%		100.0	%
	Percentage of total assets		5.5	%		―	%		5.5	%
	Liabilities:
	Derivative instruments	$	―		$	1,351		$	1,351
	Total liabilities at fair value	$	―		$	1,351		$	1,351
	Percentage of total liabilities		―	%		―	%		―	%

Cancellation_Reserves_Tables

Cancellation Reserves (Tables)	3 Months Ended
	31-May-14
Cancellation Reserves [Abstract]	'
Schedule Of Cancellation Reserves Accrual	'
		As of May 31
	(In millions)		2014		2013
	Balance as of beginning of year	$	72.5	$	32.7
	Cancellations		-12.5		-8.5
	Provision for future cancellations		21.1		9.1
	Balance as of end of period	$	81.1	$	33.3

Benefit_Plans_Tables

Benefit Plans (Tables)	3 Months Ended
	31-May-14
Benefit Plans [Abstract]	'
Components Of Net Pension Expense	'
	Components of Net Pension Expense
			Three Months Ended May 31
	(In thousands)		Pension Plan				Restoration Plan				Total
			2014		2013		2014		2013		2014		2013
	Interest cost	$	2,008	$	1,896	$	113	$	99	$	2,121	$	1,995
	Expected return on plan assets		-2,267		-1,980		―		―		-2,267		-1,980
	Recognized actuarial loss		340		408		―		―		340		408
	Net pension expense	$	81	$	324	$	113	$	99	$	194	$	423

Debt_Tables

Debt (Tables)	3 Months Ended
	31-May-14
Debt [Abstract]	'
Schedule Of Debt	'
			As of May 31		As of February 28
	(In thousands)	2014			2014
	Short-term revolving credit facility		$	1,242	$	582
	Current portion of finance and capital lease obligations			19,715		18,459
	Current portion of non-recourse notes payable			253,972		223,938
	Total current debt			274,929		242,979
	Finance and capital lease obligations, excluding current portion			315,762		315,925
	Non-recourse notes payable, excluding current portion			7,373,003		7,024,506
	Total debt, excluding current portion			7,688,765		7,340,431
	Total debt		$	7,963,694	$	7,583,410

Stock_And_StockBased_Incentive1

Stock And Stock-Based Incentive Plans (Tables)	3 Months Ended
	31-May-14
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Composition Of Share-Based Compensation Expense	'
			Three Months Ended
			31-May
	(In thousands)		2014			2013
	Cost of sales		$	327		$	1,273
	CarMax Auto Finance income			676			782
	Selling, general and administrative expenses			14,716			21,174
	Share-based compensation expense, before income taxes		$	15,719		$	23,229
Composition Of Share-Based Compensation Expense - By Grant Type	'
			Three Months Ended
			31-May
	(In thousands)		2014			2013
	Nonqualified stock options		$	8,120		$	7,033
	Cash-settled restricted stock units			3,147			12,088
	Stock-settled restricted stock units			4,121			3,820
	Employee stock purchase plan			331			288
	Stock grants to non-employee directors			―			―
	Share-based compensation expense, before income taxes		$	15,719		$	23,229
Stock Option Activity	'
									Weighted
									Average
					Weighted				Remaining				Aggregate
		Number of			Average				Contractual				Intrinsic
	(Shares and intrinsic value in thousands)	Shares			Exercise Price				Life (Years)				Value
	Outstanding as of February 28, 2014		10,018		$	27.02
	Options granted		2,003			44.96
	Options exercised		-374			18.11
	Options forfeited or expired		-12			23.64
	Outstanding as of May 31, 2014		11,635		$	30.40				4.1			$	163,230
	Exercisable as of May 31, 2014		7,129		$	24.01				2.9			$	144,745
Outstanding Stock Options	'
							As of May 31, 2014
							Options Outstanding								Options Exercisable
										Weighted
										Average			Weighted				Weighted
										Remaining			Average				Average
	(Shares in thousands)						Number of			Contractual			Exercise		Number of		Exercise
	Range of Exercise Prices						Shares			Life (Years)			Price		Shares		Price
	$	11.43						1,468			1.8		$	11.43		1,468	$	11.43
	$	13.19	-	$	19.82			1,341			0.8		$	15.89		1,341	$	15.89
	$	19.98	-	$	25.39			1,498			2.9		$	25.20		1,498	$	25.20
	$	25.67	-	$	32.69			3,717			4.3		$	32.13		2,379	$	32.22
	$	33.11	-	$	49.25			3,611			6.4		$	43.88		443	$	42.09
	Total							11,635			4.1		$	30.40		7,129	$	24.01
Assumptions Used To Estimate Option Values	'
			Three Months Ended May 31
			2014						2013
	Dividend yield					0.0	%					0.0	%
	Expected volatility factor (1)		25.2	%	-	32.7	%		28.1	%	-	46.8	%
	Weighted average expected volatility					31.9	%					44.8	%
	Risk-free interest rate (2)		0.03	%	-	2.7	%		0.04	%	-	1.7	%
	Expected term (in years) (3)					4.7						4.7
	(1)Measured using historical daily price changes of our stock for a period corresponding to the term of the options and the implied volatility derived from the market prices of traded options on our stock.
	(2)Based on the U.S. Treasury yield curve in effect at the time of grant.
	(3)Represents the estimated number of years that options will be outstanding prior to exercise.
Cash-Settled For Restricted Stock Unit [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Restricted Stock And Restricted Stock Unit Activity	'
					Weighted
					Average
			Number of		Grant Date
	(Units in thousands)		Units		Fair Value
	Outstanding as of February 28, 2014		1,531		$	35.68
	Stock units granted		587		$	44.96
	Stock units vested and converted		-458		$	32.71
	Stock units cancelled		-29		$	37.81
	Outstanding as of May 31, 2014		1,631		$	39.82
Expected Cash Settlement Range Upon Restricted Stock Unit Vesting	'
			As of May 31, 2014
	(In thousands)		Minimum (1)			Maximum (1)
	Fiscal 2016		$	12,460		$	33,226
	Fiscal 2017			14,144			37,716
	Fiscal 2018			16,321			43,523
	Total expected cash settlements		$	42,925		$	114,465
	(1)Net of estimated forfeitures.
Stock-Settled Restricted Stock Units [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Restricted Stock And Restricted Stock Unit Activity	'
					Weighted
					Average
			Number of		Grant Date
	(Units in thousands)		Units		Fair Value
	Outstanding as of February 28, 2014		852		$	45.26
	Stock units granted		245		$	55.37
	Stock units vested and converted		-281		$	45.57
	Stock units cancelled		―		$	―
	Outstanding as of May 31, 2014		816		$	48.19

Net_Earnings_Per_Share_Tables

Net Earnings Per Share (Tables)	3 Months Ended
	31-May-14
Net Earnings Per Share [Abstract]	'
Basic And Dilutive Net Earnings Per Share Reconciliations	'
		Three Months Ended
		31-May
	(In thousands except per share data)	2014		2013
	Net earnings	$	169,653	$	146,651
	Weighted average common shares outstanding		220,268		224,618
	Dilutive potential common shares:
	Stock options		2,772		3,194
	Stock-settled restricted stock units		592		740
	Weighted average common shares and dilutive
	potential common shares		223,632		228,552
	Basic net earnings per share	$	0.77	$	0.65
	Diluted net earnings per share	$	0.76	$	0.64

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	31-May-14
Accumulated Other Comprehensive Loss [Abstract]	'
Changes In Accumulated Other Comprehensive Loss By Component	'
								Total
			Net					Accumulated
			Unrecognized			Net		Other
			Actuarial			Unrecognized		Comprehensive
	(In thousands, net of income taxes)		Losses			Hedge Losses		Loss
	Balance as of February 28, 2014		$	-38,715		$	-7,556	$	-46,271
	Other comprehensive loss before reclassifications			―			-1,091		-1,091
	Amounts reclassified from accumulated other comprehensive loss			213			1,373		1,586
	Other comprehensive income			213			282		495
	Balance as of May 31, 2014		$	-38,502		$	-7,274	$	-45,776
Changes In And Reclassifications Out Of Accumulated Other Comprehensive Loss	'
			Three Months Ended May 31
	(In thousands)		2014		2013
	Retirement Benefit Plans (Note 9):
	Actuarial loss amortization reclassifications recognized
	in net pension expense:
	Cost of sales	$	138	$	162
	CarMax Auto Finance income		7		9
	Selling, general and administrative expenses		195		237
	Total amortization reclassifications recognized
	in net pension expense		340		408
	Tax expense		-127		-152
	Amortization reclassifications recognized in net
	pension expense, net of tax		213		256
	Net change in retirement benefit plan unrecognized
	actuarial losses, net of tax		213		256
	Cash Flow Hedges (Note 5):
	Effective portion of changes in fair value		-1,798		462
	Tax benefit/(expense)		707		-181
	Effective portion of changes in fair value, net of tax		-1,091		281
	Reclassifications to CarMax Auto Finance income		2,263		2,905
	Tax expense		-890		-1,144
	Reclassification of hedge losses, net of tax		1,373		1,761
	Net change in cash flow hedge unrecognized losses,
	net of tax		282		2,042
	Total other comprehensive income, net of tax	$	495	$	2,298

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Narrative) (Details) (USD $)	3 Months Ended
	31-May-14	Feb. 28, 2014
	item
Summary Of Significant Accounting Policies [Abstract]	'	'
Cash equivalents	$514,700,000	$607,000,000
Restricted cash from collections on auto loan receivables	290,653,000	259,299,000
Number of warehouses	2	'
Required benchmark for account delinquency	'120 days	'
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	754,200,000	730,600,000
Restricted cash on deposit in reserve accounts	35,800,000	32,500,000
Restricted investments	$43,200,000	$40,200,000

CarMax_Auto_Finance_Income_Com

CarMax Auto Finance Income (Components Of CarMax Auto Finance Income) (Details) (USD $)	3 Months Ended
	31-May-14		31-May-13
Auto Finance Income [Line Items]	'		'
Interest and fee income	$147,000,000		$133,500,000
Interest expense	-23,100,000		-22,800,000
Total interest margin	123,900,000		110,700,000
Provision for loan losses	-15,800,000		-11,300,000
Total interest margin after provision for loan losses	108,100,000		99,400,000
Payroll and fringe benefit expense	-6,200,000		-5,500,000
Other direct expenses	-7,300,000		-6,900,000
Total direct expenses	-13,500,000		-12,400,000
CarMax Auto Finance income	94,615,000		87,019,000
Total average managed receivables	$7,390,100,000		$6,152,500,000
Interest And Fee Income [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	8.00%	[1]	8.70%	[1]
Interest Expense [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	-1.20%	[1]	-1.50%	[1]
Total Interest Margin [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	6.70%	[1]	7.20%	[1]
Provision For Loan Losses [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	-0.90%	[1]	-0.70%	[1]
Total Interest Margin After Provision For Loan Losses [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	5.80%	[1]	6.50%	[1]
Payroll And Fringe Benefit Expense [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	-0.30%	[1]	-0.40%	[1]
Other Direct Expenses [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	-0.40%	[1]	-0.40%	[1]
Total Direct Expenses [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	-0.70%	[1]	-0.80%	[1]
CAF Income [Member]	'		'
Auto Finance Income [Line Items]	'		'
Item as percent of total average managed receivables	5.10%	[1]	5.70%	[1]
[1]	Annualized percentage of total average managed receivables.

Auto_Loan_Receivables_Auto_Loa

Auto Loan Receivables (Auto Loan Receivables, Net) (Details) (USD $)	31-May-14		Feb. 28, 2014		31-May-13	Feb. 28, 2013
Non-recourse notes payable	$7,630,000,000		$7,250,000,000		'	'
Total ending managed receivables	7,573,800,000	[1],[2]	7,184,400,000	[1],[2]	'	'
Accrued interest and fees	31,200,000		26,300,000		'	'
Other	18,100,000		7,000,000		'	'
Less allowance for loan losses	-75,400,000		-69,900,000		-60,900,000	-57,300,000
Auto loan receivables, net	7,547,665,000		7,147,848,000		'	'
Warehouse Facilities [Member]	'		'		'	'
Total ending managed receivables	964,000,000		879,000,000		'	'
Term Securitizations [Member]	'		'		'	'
Total ending managed receivables	6,409,000,000		6,145,500,000		'	'
Other Receivables [Member]	'		'		'	'
Total ending managed receivables	$200,800,000		$159,900,000		'	'
[1]	Other receivables includes receivables not funded through the warehouse facilities or term securitizations.
[2]	Classified based on credit grade assigned when customers were initially approved for financing.

Auto_Loan_Receivables_Ending_M

Auto Loan Receivables (Ending Managed Receivables By Major Credit Grade) (Details) (USD $)	31-May-14		Feb. 28, 2014
In Millions, unless otherwise specified
Financing Receivable, By Major Credit Grade [Line Items]	'		'
Total ending managed receivables	$7,573.80	[1],[2]	$7,184.40	[1],[2]
Total ending managed receivables as percentage by major credit grade	100.00%	[3]	100.00%	[3]
Credit Grade A [Member]	'		'
Financing Receivable, By Major Credit Grade [Line Items]	'		'
Total ending managed receivables	3,698.60	[2]	3,506	[2]
Total ending managed receivables as percentage by major credit grade	48.80%	[3]	48.80%	[3]
Credit Grade B [Member]	'		'
Financing Receivable, By Major Credit Grade [Line Items]	'		'
Total ending managed receivables	2,786.90	[2]	2,658.50	[2]
Total ending managed receivables as percentage by major credit grade	36.80%	[3]	37.00%	[3]
Credit Grade C And Other [Member]	'		'
Financing Receivable, By Major Credit Grade [Line Items]	'		'
Total ending managed receivables	$1,088.30	[2]	$1,019.90	[2]
Total ending managed receivables as percentage by major credit grade	14.40%	[3]	14.20%	[3]
[1]	Other receivables includes receivables not funded through the warehouse facilities or term securitizations.
[2]	Classified based on credit grade assigned when customers were initially approved for financing.
[3]	Percentage of total ending managed receivables.

Auto_Loan_Receivables_Allowanc

Auto Loan Receivables (Allowance For Loan Losses) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	31-May-14	31-May-13	31-May-14		Feb. 28, 2014		31-May-13		Feb. 28, 2013
			Allowance For Loan Losses [Member]		Allowance For Loan Losses [Member]		Allowance For Loan Losses [Member]		Allowance For Loan Losses [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'	'		'		'		'
Balance as of beginning of year	$69.90	$57.30	'		'		'		'
Charge-offs	-32	-26.4	'		'		'		'
Recoveries	21.7	18.7	'		'		'		'
Provision for loan losses	-15.8	-11.3	'		'		'		'
Balance as of end of year	$75.40	$60.90	'		'		'		'
Item as percent of total ending managed receivables	'	'	1.00%	[1]	0.97%	[1]	0.96%	[1]	0.97%	[1]
[1]	(1)Percentage of total ending managed receivables as of the corresponding reporting date.

Auto_Loan_Receivables_Past_Due

Auto Loan Receivables (Past Due Receivables) (Details) (USD $)	31-May-14		Feb. 28, 2014
In Millions, unless otherwise specified
Financing Receivable, Past Due [Line Items]	'		'
Total ending managed receivables	$7,573.80	[1],[2]	$7,184.40	[1],[2]
31-60 days past due	133.5		126.6
61-90 days past due	42.4		42.6
Greater than 90 days past due	14.2		16
Total past due	$190.10		$185.20
Past due receivables as a percentage of total ending managed receivables	2.50%	[3]	2.60%	[3]
Managed Receivables [Member]	'		'
Financing Receivable, Past Due [Line Items]	'		'
Item as percent of total ending managed receivables	100.00%	[3]	100.00%	[3]
31-60 Days Past Due [Member]	'		'
Financing Receivable, Past Due [Line Items]	'		'
Past due receivables as a percentage of total ending managed receivables	1.70%	[3]	1.80%	[3]
61-90 Days Past Due [Member]	'		'
Financing Receivable, Past Due [Line Items]	'		'
Past due receivables as a percentage of total ending managed receivables	0.60%	[3]	0.60%	[3]
Greater Than 90 Days Past Due [Member]	'		'
Financing Receivable, Past Due [Line Items]	'		'
Past due receivables as a percentage of total ending managed receivables	0.20%	[3]	0.20%	[3]
[1]	Other receivables includes receivables not funded through the warehouse facilities or term securitizations.
[2]	Classified based on credit grade assigned when customers were initially approved for financing.
[3]	(1)Percentage of total ending managed receivables.

Derivative_Instruments_And_Hed2

Derivative Instruments And Hedging Activities (Narrative) (Details) (Interest Rate Swaps [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	31-May-14	Feb. 28, 2014
Designated As Hedging Instrument [Member] | Cash Flow Hedging [Member]	'	'
Derivative [Line Items]	'	'
Additional reclassification as decrease from AOCL to CAF income	$10.70	'
Derivative notional amount	950	869
Not Designated As Hedging Instrument [Member]	'	'
Derivative [Line Items]	'	'
Offsetting notional amount of interest rate derivatives	$0	$0

Derivative_Instruments_And_Hed3

Derivative Instruments And Hedging Activities (Fair Values Of Derivative Instruments On The Consolidated Balance Sheets) (Details) (Designated As Hedging Instrument [Member], USD $)	31-May-14		Feb. 28, 2014
In Thousands, unless otherwise specified
Derivatives, Fair Value [Line Items]	'		'
Assets	$0		$0
Liabilities	-2,130		-1,351
Interest Rate Swaps [Member] | Accounts Payable [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Assets	0	[1]	0	[1]
Liabilities	($2,130)	[1]	($1,351)	[1]
[1]	Reported in accounts payable on the consolidated balance sheets.

Derivative_Instruments_And_Hed4

Derivative Instruments And Hedging Activities (Schedule Of Effect Of Derivative Instruments On The Consolidated Statements Of Earnings) (Details) (Designated As Hedging Instrument [Member], USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14		31-May-13
Designated As Hedging Instrument [Member]	'		'
Derivative [Line Items]	'		'
Loss recognized in AOCL	($1,798)	[1]	$462	[1]
Loss reclassified from AOCL into CAF Income	-2,263	[1]	-2,905	[1]
Gain recognized in CAF income	$0	[2]	$21	[2]
[1]	(1)Represents the effective portion.
[2]	Represents the ineffective portion.

Fair_Value_Measurements_Schedu

Fair Value Measurements (Schedule Of Items Measured At Fair Value On A Recurring Basis) (Details) (USD $)	31-May-14	Feb. 28, 2014
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Money market securities	$549,371	$641,622
Mutual fund investments	8,600	5,609
Total assets at fair value	557,971	647,231
Percent of total assets at fair value	100.00%	100.00%
Percent of total assets	4.60%	5.50%
Derivative instruments	2,130	1,351
Total liabilities at fair value	2,130	1,351
Percent of total liabilities	0.00%	0.00%
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Money market securities	549,371	641,622
Mutual fund investments	8,600	5,609
Total assets at fair value	557,971	647,231
Percent of total assets at fair value	100.00%	100.00%
Percent of total assets	4.60%	5.50%
Derivative instruments	0	0
Total liabilities at fair value	0	0
Percent of total liabilities	0.00%	0.00%
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Money market securities	0	0
Mutual fund investments	0	0
Total assets at fair value	0	0
Percent of total assets at fair value	0.00%	0.00%
Percent of total assets	0.00%	0.00%
Derivative instruments	2,130	1,351
Total liabilities at fair value	$2,130	$1,351
Percent of total liabilities	0.00%	0.00%

Cancellation_Reserves_Schedule

Cancellation Reserves (Schedule Of Cancellation Reserves Accrual) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	31-May-14	31-May-13
Cancellation Reserves [Abstract]	'	'
Balance as of beginning of year	$72.50	$32.70
Cancellations	-12.5	-8.5
Provision for future cancellations	21.1	9.1
Balance as of end of year	$81.10	$33.30

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)	31-May-14	Feb. 28, 2014
In Millions, unless otherwise specified
Income Taxes [Abstract]	'	'
Unrecognized tax benefits, gross	$27.60	$26.30

Benefit_Plans_Narrative_Detail

Benefit Plans (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	31-May-14
Benefit Plans [Abstract]	'
Contributions to pension plan	$0.50
Anticipated contribution during remainder of fiscal year	$3.70

Benefit_Plans_Components_Of_Ne

Benefit Plans (Components Of Net Pension Expense) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13
Defined Benefit Plan Disclosure [Line Items]	'	'
Interest cost	$2,121	$1,995
Expected return on plan assets	-2,267	-1,980
Recognized actuarial loss	340	408
Net pension expense	194	423
Pension Plan [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Interest cost	2,008	1,896
Expected return on plan assets	-2,267	-1,980
Recognized actuarial loss	340	408
Net pension expense	81	324
Restoration Plan [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Interest cost	113	99
Expected return on plan assets	0	0
Recognized actuarial loss	0	0
Net pension expense	$113	$99

Benefit_Plans_Assumptions_Used

Benefit Plans (Assumptions Used To Determine Net Pension Expense) (Details)	12 Months Ended
	Feb. 28, 2014
Benefit Plans [Abstract]	'
Expected rate of return on plan assets	7.75%

Debt_Narrative_Details

Debt (Narrative) (Details) (USD $)	31-May-14	Feb. 28, 2014	31-May-14	31-May-14	31-May-14	31-May-14	31-May-14	Jul. 02, 2014	31-May-14	31-May-14
In Millions, unless otherwise specified			Revolving Credit Facility [Member]	Warehouse Facilities [Member]	Term Securitizations Debt [Member]	Warehouse Facility One [Member]	Warehouse Facility Two [Member]	Warehouse Facility Two [Member]	Minimum [Member]	Maximum [Member]
						Warehouse Facilities [Member]	Warehouse Facilities [Member]	Warehouse Facilities [Member]	Finance And Capital Lease Obligation [Member]	Finance And Capital Lease Obligation [Member]
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'
Maximum borrowing capacity of revolving credit facility	'	'	$700	'	'	'	'	'	'	'
Warehouse Facility Additional Limit	'	'	'	'	'	'	'	300	'	'
Revolving credit facility, expiration date	'	'	1-Aug-16	'	'	'	'	'	'	'
Initial lease terms, in years	'	'	'	'	'	'	'	'	'15 years	'20 years
Debt maturity, end	'	'	'	'	1-Nov-20	'	'	'	'	'
Non-recourse notes payable	7,630	7,250	'	964	6,660	'	'	'	'	'
Warehouse facilities maximum borrowing capacity	'	'	'	1,800	'	800	'	1,300	'	'
Remaining borrowing capacity	'	'	'	$836	'	'	'	'	'	'
Warehouse facility expiration date	'	'	'	'	'	1-Aug-14	1-Feb-15	'	'	'

Debt_Schedule_Of_Debt_Details

Debt (Schedule Of Debt) (Details) (USD $)	31-May-14	Feb. 28, 2014
In Thousands, unless otherwise specified
Debt [Abstract]	'	'
Short-term revolving credit facility	$1,242	$582
Current portion of finance and capital lease obligations	19,715	18,459
Current portion of non-recourse notes payable	253,972	223,938
Total current debt	274,929	242,979
Finance and capital lease obligations, excluding current portion	315,762	315,925
Non-recourse notes payable, excluding current portion	7,373,003	7,024,506
Total debt, excluding current portion	7,688,765	7,340,431
Total debt	$7,963,694	$7,583,410

Stock_And_StockBased_Incentive2

Stock And Stock-Based Incentive Plans (Narrative) (Details) (USD $)	3 Months Ended
	31-May-14	31-May-13	Feb. 28, 2014
FY 2015 Share Repurchase Authorization Member	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Share repurchase, authorized amount	$1,000,000,000	'	'
Share Repurchase Program [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Shares repurchased during the period	3,841,939	2,945,622	'
Share repurchase, average purchase price per share	$45.33	$42.29	'
Share repurchase, amount remaining for repurchase	1,100,000,000	'	'
Share Repurchase Program [Member] | FY 2013 Share Repurchase Authorizations Member	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Share repurchase, authorized amount	800,000,000	'	'
Stock Compensation Plan [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Incentive stock option grants in period	0	'	'
Capitalized share-based compensation	0	0	'
Stock Option [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Options granted, Number of Shares	2,003,238	1,569,117	'
Cash received as a result of stock option exercises	6,800,000	17,000,000	'
Total intrinsic value of options exercised	10,600,000	23,400,000	'
Related tax benefits	4,200,000	9,400,000	'
Options granted, weighted average grant date fair value	$13.21	$15.55	'
Unrecognized compensation costs related to nonvested options/MSUs	50,600,000	'	'
Weighted average period, years	'2 years 7 months 6 days	'	'
Stock Option [Member] | Minimum [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Vesting period, in years	'1 year	'	'
Stock Option [Member] | Maximum [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Vesting period, in years	'4 years	'	'
Years until expiration	'10 years	'	'
Cash-Settled Restricted Stock Units [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Vesting period, in years	'3 years	'	'
Stock units granted, number of units or shares	587,186	541,741	'
Stock units granted, weighted average grant date fair value	$44.96	$42.68	'
Related tax benefits	8,400,000	9,000,000	'
Payment related to restricted stock units vested during the period	21,100,000	22,700,000	'
Awards outstanding	1,631,000	'	1,531,000
Cash-Settled Restricted Stock Units [Member] | Minimum [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Cash payment per RSU, percentage	75.00%	'	'
Cash-Settled Restricted Stock Units [Member] | Maximum [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Cash payment per RSU, percentage	200.00%	'	'
Stock-Settled Restricted Stock Units [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
Vesting period, in years	'3 years	'	'
Conversion ratio, number of final trading days in vesting period	'40 days	'	'
Stock units granted, number of units or shares	245,190	235,459	'
Stock units granted, weighted average grant date fair value	$55.37	$51.95	'
Related tax benefits	7,100,000	6,800,000	'
Unrecognized compensation costs related to nonvested options/MSUs	$22,400,000	'	'
Weighted average period, years	'1 year 7 months 6 days	'	'
Awards outstanding	816,000	'	852,000
Stock-Settled Restricted Stock Units [Member] | Minimum [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
MSUs converted to common stock	0	'	'
Stock-Settled Restricted Stock Units [Member] | Maximum [Member]	'	'	'
Stock and Stock-Based Incentive Plans	'	'	'
MSUs converted to common stock	2	'	'

Stock_And_StockBased_Incentive3

Stock And Stock-Based Incentive Plans (Composition Of Share-Based Compensation Expense) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Share-based compensation expense, before income taxes	$15,719	$23,229
Cost Of Sales [Member]	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Share-based compensation expense, before income taxes	327	1,273
CAF Income [Member]	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Share-based compensation expense, before income taxes	676	782
Selling, General And Administrative Expenses [Member]	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Share-based compensation expense, before income taxes	$14,716	$21,174

Stock_And_StockBased_Incentive4

Stock And Stock-Based Incentive Plans (Composition Of Share-Based Compensation Expense - By Grant Type) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based compensation expense, before income taxes	$15,719	$23,229
Stock Options [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based compensation expense, before income taxes	8,120	7,033
Cash-Settled Restricted Stock Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based compensation expense, before income taxes	3,147	12,088
Stock-Settled Restricted Stock Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based compensation expense, before income taxes	4,121	3,820
Employee Stock Purchase Plan [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based compensation expense, before income taxes	331	288
Stock Grants To Non-Employee Directors [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based compensation expense, before income taxes	$0	$0

Stock_And_StockBased_Incentive5

Stock And Stock-Based Incentive Plans (Stock Option Activity) (Details) (Stock Option [Member], USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	31-May-14	31-May-13
Stock Option [Member]	'	'
Outstanding as of February 28, 2014, Number of Shares	10,018,000	'
Options granted, Number of Shares	2,003,238	1,569,117
Options exercised, Number of Shares	-374,000	'
Options forfeited or expired, Number of Shares	-12,000	'
Outstanding as of May 31, 2014, Number of Shares	11,635,000	'
Exercisable as of May 31, 2014, Number of Shares	7,129,000	'
Outstanding as of February 28, 2014, Weighted Average Exercise Price	$27.02	'
Options granted, Weighted Average Exercise Price	$44.96	'
Options exercised, Weighted Average Exercise Price	$18.11	'
Options forfeited or expired, Weighted Average Exercise Price	$23.64	'
Outstanding as of May 31, 2014, Weighted Average Exercise Price	$30.40	'
Exercisable as of May 31, 2014, Weighted Average Exercise Price	$24.01	'
Outstanding as of May 31, 2014, Weighted Average Remaining Contractual Life (Years)	'4 years 1 month 6 days	'
Exercisable as of May 31, 2014, Weighted Average Remaining Contractual Life (Years)	'2 years 10 months 24 days	'
Outstanding as of May 31, 2014, Aggregate Intrinsic Value	$163,230	'
Exercisable as of May 31, 2014, Aggregate Intrinsic Value	$144,745	'

Stock_And_StockBased_Incentive6

Stock And Stock-Based Incentive Plans (Outstanding Stock Options) (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	31-May-14	Feb. 28, 2014
$11.43 [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Range of Exercise Prices, lower range	$11.43	'
Options Outstanding, Number of Shares	1,468	'
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	'1 year 9 months 18 days	'
Options Outstanding, Weighted Average Exercise Price	$11.43	'
Options Exercisable, Number of Shares	1,468	'
Options Exercisable, Weighted Average Exercise Price	$11.43	'
$13.19 To $19.82 [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Range of Exercise Prices, lower range	$13.19	'
Range of Exercise Prices, upper range	$19.82	'
Options Outstanding, Number of Shares	1,341	'
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	'0 years 9 months 18 days	'
Options Outstanding, Weighted Average Exercise Price	$15.89	'
Options Exercisable, Number of Shares	1,341	'
Options Exercisable, Weighted Average Exercise Price	$15.89	'
$19.98 To $25.39 [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Range of Exercise Prices, lower range	$19.98	'
Range of Exercise Prices, upper range	$25.39	'
Options Outstanding, Number of Shares	1,498	'
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	'2 years 10 months 24 days	'
Options Outstanding, Weighted Average Exercise Price	$25.20	'
Options Exercisable, Number of Shares	1,498	'
Options Exercisable, Weighted Average Exercise Price	$25.20	'
$25.67 To $32.69 [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Range of Exercise Prices, lower range	$25.67	'
Range of Exercise Prices, upper range	$32.69	'
Options Outstanding, Number of Shares	3,717	'
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	'4 years 3 months 18 days	'
Options Outstanding, Weighted Average Exercise Price	$32.13	'
Options Exercisable, Number of Shares	2,379	'
Options Exercisable, Weighted Average Exercise Price	$32.22	'
$33.11 To $49.25 [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Range of Exercise Prices, lower range	$33.11	'
Range of Exercise Prices, upper range	$49.25	'
Options Outstanding, Number of Shares	3,611	'
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	'6 years 4 months 24 days	'
Options Outstanding, Weighted Average Exercise Price	$43.88	'
Options Exercisable, Number of Shares	443	'
Options Exercisable, Weighted Average Exercise Price	$42.09	'
Stock Option [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Options Outstanding, Number of Shares	11,635	'
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	'4 years 1 month 6 days	'
Options Outstanding, Weighted Average Exercise Price	$30.40	$27.02
Options Exercisable, Number of Shares	7,129	'
Options Exercisable, Weighted Average Exercise Price	$24.01	'

Stock_And_StockBased_Incentive7

Stock And Stock-Based Incentive Plans (Assumptions Used To Estimate Option Values) (Details)	3 Months Ended
	31-May-14		31-May-13
Stock And Stock-Based Incentive Plans [Abstract]	'		'
Dividend yield	0.00%		0.00%
Expected volatility factor, Minimum	25.20%	[1]	28.10%	[1]
Expected volatility factor, Maximum	32.70%	[1]	46.80%	[1]
Weighted average expected volatility	31.90%		44.80%
Risk-free interest rate, Minimum	0.03%	[2]	0.04%	[2]
Risk-free interest rate, Maximum	2.70%	[2]	1.70%	[2]
Expected term (in years)	'4 years 8 months 12 days	[3]	'4 years 8 months 12 days	[3]
[1]	Three Months Ended May 3120142013Dividend yield0.0%0.0%Expected volatility factor (1) 25.2%-32.7%28.1%-46.8%Weighted average expected volatility31.9%44.8%Risk-free interest rate (2) 0.03%-2.7%0.04%-1.7%Expected term (in years) (3) 4.74.7 (1)Measured using historical daily price changes of our stock for a period corresponding to the term of the options and the implied volatility derived from the market prices of traded options on our stock.
[2]	Based on the U.S. Treasury yield curve in effect at the time of grant.
[3]	Represents the estimated number of years that options will be outstanding prior to exercise.

Stock_And_StockBased_Incentive8

Stock And Stock-Based Incentive Plans (Cash-Settled Restricted Stock Unit Activity) (Details) (Cash-Settled Restricted Stock Units [Member], USD $)	3 Months Ended
	31-May-14	31-May-13
Cash-Settled Restricted Stock Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding at beginning of year, Number of Shares or Units	1,531,000	'
Stock units granted, Number of Units	587,186	541,741
Stock units vested and converted, Number of Units	-458,000	'
Stock units cancelled, Number of Units	-29,000	'
Outstanding at end of year, number of shares or Units	1,631,000	'
Outstanding as of February 28, 2014, Weighted Average Grant Date Fair Value	$35.68	'
Stock units granted, weighted average grant date fair value	$44.96	$42.68
Stock units vested and converted, Weighted Average Grant Date Fair Value	$32.71	'
Stock units cancelled, Weighted Average Grant Date Fair Value	$37.81	'
Outstanding as of May 31, 2014, Weighted Average Grant Date Fair Value	$39.82	'

Stock_And_StockBased_Incentive9

Stock And Stock-Based Incentive Plans (Expected Cash Settlement Range Upon Restricted Stock Unit Vesting) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14
Minimum [Member]	'
Fiscal 2016	$12,460	[1]
Fiscal 2017	14,144	[1]
Fiscal 2018	16,321	[1]
Total expected cash settlements	42,925	[1]
Maximum [Member]	'
Fiscal 2016	33,226	[1]
Fiscal 2017	37,716	[1]
Fiscal 2018	43,523	[1]
Total expected cash settlements	$114,465	[1]
[1]	(1)Net of estimated forfeitures.

Recovered_Sheet1

Stock And Stock-Based Incentive Plans (Stock-Settled Restricted Stock Unit Activity) (Details) (Stock-Settled Restricted Stock Units [Member], USD $)	3 Months Ended
	31-May-14	31-May-13
Stock-Settled Restricted Stock Units [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding at beginning of year, Number of Shares or Units	852,000	'
Stock units granted, Number of Units	245,190	235,459
Stock units vested and converted, Number of Units	-281,000	'
Stock units cancelled, Number of Units	0	'
Outstanding at end of year, number of shares or Units	816,000	'
Outstanding as of February 28, 2014, Weighted Average Grant Date Fair Value	$45.26	'
Stock units granted, weighted average grant date fair value	$55.37	$51.95
Stock units vested and converted, Weighted Average Grant Date Fair Value	$45.57	'
Stock units cancelled, Weighted Average Grant Date Fair Value	$0	'
Outstanding as of May 31, 2014, Weighted Average Grant Date Fair Value	$48.19	'

Net_Earnings_Per_Share_Narrati

Net Earnings Per Share (Narrative) (Details)	3 Months Ended
	31-May-14	31-May-13
Net Earnings Per Share [Abstract]	'	'
Anti-dilutive securities not included in calculation of diluted net earnings per share	2,420,758	801,614

Net_Earnings_Per_Share_Basic_A

Net Earnings Per Share (Basic And Dilutive Net Earnings Per Share Reconciliations) (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	31-May-14	31-May-13
Schedule of Basic and Dilutive Net Earnings Per Share Reconciliation [Line Items]	'	'
Net earnings	$169,653	$146,651
Weighted average common shares outstanding	220,268	224,618
Weighted average common shares and dilutive potential common shares	223,632	228,552
Basic net earnings per share	$0.77	$0.65
Diluted net earnings per share	$0.76	$0.64
Stock Options [Member]	'	'
Schedule of Basic and Dilutive Net Earnings Per Share Reconciliation [Line Items]	'	'
Dilutive potential common shares	2,772	3,194
Stock-Settled Restricted Stock Units [Member]	'	'
Schedule of Basic and Dilutive Net Earnings Per Share Reconciliation [Line Items]	'	'
Dilutive potential common shares	592	740

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	31-May-14	Feb. 28, 2014
Accumulated Other Comprehensive Loss [Abstract]	'	'
Deferred tax	$27.40	$27.70

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Loss (Accumulated Other Comprehensive Loss) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14
Schedule of Accumulated Other Comprehensive Loss [Line Items]	'
Balance	($46,271)
Other comprehensive income before reclassifications	-1,091
Amounts reclassified from accumulated other comprehensive loss	1,586
Other comprehensive income (loss)	495
Balance	-45,776
Net Unrecognized Actuarial Losses [Member]	'
Schedule of Accumulated Other Comprehensive Loss [Line Items]	'
Balance	-38,715
Other comprehensive income before reclassifications	0
Amounts reclassified from accumulated other comprehensive loss	213
Other comprehensive income (loss)	213
Balance	-38,502
Net Unrecognized Hedge Losses [Member]	'
Schedule of Accumulated Other Comprehensive Loss [Line Items]	'
Balance	-7,556
Other comprehensive income before reclassifications	-1,091
Amounts reclassified from accumulated other comprehensive loss	1,373
Other comprehensive income (loss)	282
Balance	($7,274)

Accumulated_Other_Comprehensiv4

Accumulated Other Comprehensive Loss (Changes In and Reclassifications Out of Accumulated Other Comprehensive Loss) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	31-May-14	31-May-13
Actuarial loss amortization reclassifications in net pension expense	$340	$408
Tax expense	-127	-152
Amortization reclassifications recognized in net pension expense, net of tax	213	256
Net change in retirement benefit plan unrecognized actuarial losses, net of tax	213	256
Effective portion of changes in fair value	-1,798	462
Tax (expense) benefit	707	-181
Effective portion of changes in fair value, net of tax	-1,091	281
Reclassifications to CarMax Auto Finance income	2,263	2,905
Tax expense	-890	-1,144
Reclassifications to CarMax Auto Finance income, net of tax	1,373	1,761
Net change in cash flow hedge unrecognzied losses, net of tax	282	2,042
Other comprehensive income (loss), net of taxes	495	2,298
Cost Of Sales [Member]	'	'
Actuarial loss amortization reclassifications in net pension expense	138	162
Carmax Auto Finance [Member]	'	'
Actuarial loss amortization reclassifications in net pension expense	7	9
Selling, General And Administrative Expenses [Member]	'	'
Actuarial loss amortization reclassifications in net pension expense	$195	$237

Commitments_And_Contingencies_

Commitments And Contingencies (Details) (USD $)	31-May-14
In Millions, unless otherwise specified
Commitments And Contingencies [Abstract]	'
Gain contingency, amount	$20