Company: KMX
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001170010-25-000024
Chunk: 89

Company: CARMAX INC
Filing Date: 2025-04-11
Form: 10-K
Item: Item 8
Chunk 89
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, 2025 

47

CONSOLIDATED STATEMENTS OF EARNINGS

Years Ended February 28 or 29(In thousands except per share data)2025% (1)2024% (1)2023% (1)SALES AND OPERATING REVENUES:      Used vehicle sales$21,079,654 80.0 $20,922,279 78.8 $23,034,286 77.6 Wholesale vehicle sales4,587,457 17.4 4,975,802 18.8 5,989,796 20.2 Other sales and revenues686,309 2.6 637,959 2.4 660,791 2.2 NET SALES AND OPERATING REVENUES26,353,420 100.0 26,536,040 100.0 29,684,873 100.0 COST OF SALES:Used vehicle cost of sales19,256,483 73.1 19,170,320 72.2 21,186,135 71.4 Wholesale vehicle cost of sales4,029,876 15.3 4,419,044 16.7 5,399,969 18.2 Other cost of sales169,160 0.6 233,467 0.9 298,566 1.0 TOTAL COST OF SALES23,455,519 89.0 23,822,831 89.8 26,884,670 90.6 GROSS PROFIT 2,897,901 11.0 2,713,209 10.2 2,800,203 9.4 CARMAX AUTO FINANCE INCOME 581,749 2.2 568,271 2.1 663,404 2.2 Selling, general and administrative expenses2,435,404 9.2 2,286,378 8.6 2,487,357 8.4 Depreciation and amortization255,321 1.0 239,028 0.9 228,449 0.8 Interest expense107,941 0.4 124,750 0.5 120,398 0.4 Other expense (income)11,624 —