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CarMax Inc

KMX
Exchange
NYSE
Industry
Retail-Auto Dealers & Gasoline Stations
SEC CIK
0001170010

No open-market purchases or sales by CarMax Inc insiders were filed in the last 90 days; 557 institutions reported holding it in 13F filings for Q2 2026, worth $7.80B in total; superinvestors Starboard Value and Markel Group hold it.

13F holders, Q2 2025

Institutional positions in CarMax Inc as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
731
−12 vs. Q1 2025
Shares held
159.9M
−2.26M (−1.4%) vs. Q1 2025
Total value
$10.7B
−$1.88B (−14.9%) vs. Q1 2025
New holders
106
261 more added
Sold out
118
276 more reduced

10 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting KMX on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 731 institutions
Q1 2021: 699 institutionsQ2 2021: 682 institutionsQ3 2021: 685 institutionsQ4 2021: 737 institutionsQ1 2022: 696 institutionsQ2 2022: 693 institutionsQ3 2022: 640 institutionsQ4 2022: 659 institutionsQ1 2023: 674 institutionsQ2 2023: 705 institutionsQ3 2023: 683 institutionsQ4 2023: 706 institutionsQ1 2024: 716 institutionsQ2 2024: 707 institutionsQ3 2024: 743 institutionsQ4 2024: 750 institutionsQ1 2025: 753 institutionsQ2 2025: 731 institutionsQ3 2025: 622 institutionsQ4 2025: 537 institutionsQ1 2026: 550 institutionsQ2 2026: 557 institutions
Value heldQ2 2025: $10.7B
Q1 2021: $20.4BQ2 2021: $20.3BQ3 2021: $19.9BQ4 2021: $20.3BQ1 2022: $16.0BQ2 2022: $14.7BQ3 2022: $10.9BQ4 2022: $10.4BQ1 2023: $11.0BQ2 2023: $13.9BQ3 2023: $11.9BQ4 2023: $13.0BQ1 2024: $15.0BQ2 2024: $12.4BQ3 2024: $12.6BQ4 2024: $13.1BQ1 2025: $12.6BQ2 2025: $10.7BQ3 2025: $6.54BQ4 2025: $5.83BQ1 2026: $6.36BQ2 2026: $7.80B
Institutions holding KMX and their total value by quarter
QuarterHoldersValue
Q2 2026557$7.80B
Q1 2026550$6.36B
Q4 2025537$5.83B
Q3 2025622$6.54B
Q2 2025731$10.7B
Q1 2025753$12.6B
Q4 2024750$13.1B
Q3 2024743$12.6B
Q2 2024707$12.4B
Q1 2024716$15.0B
Q4 2023706$13.0B
Q3 2023683$11.9B
Q2 2023705$13.9B
Q1 2023674$11.0B
Q4 2022659$10.4B
Q3 2022640$10.9B
Q2 2022693$14.7B
Q1 2022696$16.0B
Q4 2021737$20.3B
Q3 2021685$19.9B
Q2 2021682$20.3B
Q1 2021699$20.4B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding CarMax Inc; share changes are against Q1 2025.

Institutions holding KMX in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
LPL Financial LLC218,519$14.7M0.00%−5,432−2.4%Reduced
Bank of Montreal206,062$13.8M0.01%−15,390−6.9%Reduced
California Public Employees Retirement System201,767$13.6M0.01%−38,136−15.9%Reduced
HRT Financial LP199,861$13.4M0.06%+180,749+945.7%Added
Old National Bancorp197,045$13.2M0.24%+3,629+1.9%Added
Aquatic Capital Management LLC196,588$13.2M0.27%+196,588New
Oppenheimer & Co Inc194,047$13.0M0.17%−825−0.4%Reduced
Hantz Financial Services, Inc.191,827$12.9M0.21%+59,840+45.3%Added
Massmutual Trust Co FSB174,273$11.7M0.31%+9,927+6.0%Added
Gagnon Securities LLC163,417$11.0M2.23%+6,067+3.9%Added
Advisor Group Holdings, Inc.159,895$10.8M0.02%+52,576+49.0%Added
Alliancebernstein L.P.159,876$10.7M0.00%−33,528−17.3%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.159,105$10.7M0.01%−116,682−42.3%Reduced
London Co of Virginia157,194$10.6M0.06%−783−0.5%Reduced
Stifel Financial Corp157,045$10.6M0.01%+15,034+10.6%Added
FMR LLC156,880$10.5M0.00%−458,235−74.5%Reduced
Cetera Investment Advisers155,837$10.5M0.02%+1,156+0.7%Added
First Manhattan Co155,814$10.5M0.03%−2,165−1.4%Reduced
Brown Advisory Inc154,379$10.4M0.01%−24,886−13.9%Reduced
Ninety One UK Ltd154,235$10.4M0.02%−25,914−14.4%Reduced
State Board of Administration of Florida Retirement System151,823$10.2M0.02%−7,388−4.6%Reduced
Akre Capital Management LLCSuperinvestorAkre Capital Management150,600$10.1M0.10%−54,675−26.6%Reduced
Hutchinson Capital Management148,230$9.96M1.82%−3,934−2.6%Reduced
Eldred Rock Partners, LLC147,143$9.89M3.01%−7,798−5.0%Reduced
California State Teachers Retirement System146,322$9.83M0.01%−73,988−33.6%Reduced
Glenmede Investment Management, LP145,377$9.77M0.05%+145,377New
Nixon Capital, LLC142,471$9.58M3.12%−84,434−37.2%Reduced
Gotham Asset Management, LLC141,846$9.53M0.06%−18,446−11.5%Reduced
Banyan Capital Management, Inc.140,827$9.46M4.87%+8,478+6.4%Added
SEI Investments Co140,376$9.43M0.01%+9,277+7.1%Added
Algert Global LLC140,092$9.42M0.20%+90,930+185.0%Added
Markel Group Inc.SuperinvestorMarkel Group136,500$9.17M0.08%00.0%Unchanged
Schonfeld Strategic Advisors LLC135,779$9.13M0.07%+17,001+14.3%Added
Needham Investment Management LLC132,500$8.91M0.71%−5,000−3.6%Reduced
Marathon Asset Mgmt Ltd131,941$8.87M0.28%−1,865−1.4%Reduced
Fuller & Thaler Asset Management, Inc.131,481$8.84M0.03%−771,543−85.4%Reduced
Vancity Investment Management Ltd130,978$8.80M1.11%−4,778−3.5%Reduced
Twin Tree Management, LP129,454$8.70M0.22%+129,454New
Baillie Gifford & Co126,439$8.50M0.01%+110.0%Added
Biglari Capital Corp.125,420$8.43M0.97%00.0%Unchanged
New York State Teachers Retirement System123,565$8.30M0.02%−400.0%Reduced
Quantinno Capital Management LP122,567$8.24M0.04%+117+0.1%Added
Gabelli Funds LLC119,000$8.00M0.06%+46,000+63.0%Added
Standard Life Aberdeen plc115,101$7.74M0.01%+4,572+4.1%Added
Kornitzer Capital Management Inc109,220$7.34M0.15%+109,220New
CWM, LLC108,803$7.31M0.03%+68,626+170.8%Added
Pensionmark Financial Group, LLC108,630$7.30M0.17%+5,261+5.1%Added
National Bank of Canada106,760$7.18M0.01%+20,014+23.1%Added
Leith Wheeler Investment Counsel Ltd.104,826$7.05M0.50%−2,812−2.6%Reduced
SG Americas Securities, LLC103,084$6.93M0.03%+91,781+812.0%Added
Wedge Capital Management L L P102,632$6.90M0.12%+36,376+54.9%Added
WS Management LLLP100,455$6.75M1.18%00.0%Unchanged
Cerity Partners LLC100,357$6.74M0.01%+49,344+96.7%Added
Brandywine Global Investment Management, LLC100,065$6.73M0.05%+7,142+7.7%Added
ProVise Management Group, LLC99,227$6.67M0.53%+5,462+5.8%Added
Amundi90,959$6.51M0.00%−329,155−78.3%Reduced
Wealth Enhancement Advisory Services, LLC88,329$6.24M0.01%+65,850+292.9%Added
Voya Investment Management LLC92,271$6.20M0.01%+3,313+3.7%Added
Susquehanna International Group, LLP91,514$6.15M0.01%+42,579+87.0%Added
Dark Forest Capital Management LP89,145$5.99M0.24%+69,054+343.7%Added
Steward Partners Investment Advisory, LLC86,279$5.80M0.05%+18,179+26.7%Added
Y-Intercept (Hong Kong) Ltd85,676$5.76M0.14%+85,676New
Kettle Hill Capital Management, LLC85,638$5.76M1.33%+40,598+90.1%Added
Live Oak Private Wealth LLC81,413$5.47M0.82%−1,493−1.8%Reduced
Chevy Chase Trust Holdings, Inc.80,463$5.41M0.02%−1,174−1.4%Reduced
XTX Topco Ltd79,972$5.37M0.22%+61,105+323.9%Added
Hillman Capital Management, Inc.79,610$5.35M2.92%−4,491−5.3%Reduced
Van Eck Associates Corp79,203$5.32M0.01%−6,624−7.7%Reduced
Neuberger Berman Group LLC78,658$5.29M0.00%−150.0%Reduced
Nisa Investment Advisors, LLC78,390$5.27M0.02%+89+0.1%Added
Long Road Investment Counsel, LLC78,080$5.25M1.96%−220−0.3%Reduced
Mitsubishi UFJ Trust & Banking Corp77,166$5.19M0.01%−78,111−50.3%Reduced
APG Asset Management N.V.88,200$5.05M0.01%+3,400+4.0%Added
Principal Securities, Inc.75,047$5.04M0.09%+617+0.8%Added
Truist Financial Corp74,422$5.00M0.01%+1,526+2.1%Added
True North Advisors, LLC74,292$4.99M0.96%+17,513+30.8%Added
Russell Investments Group, Ltd.71,775$4.82M0.01%−31,050−30.2%Reduced
Treasurer of the State of North Carolina71,217$4.79M0.02%+406+0.6%Added
Captrust Financial Advisors70,999$4.77M0.01%+8,390+13.4%Added
Natixis Advisors, L.P.70,393$4.73M0.01%−45,287−39.1%Reduced
Royal London Asset Management Ltd64,918$4.36M0.01%−7,816−10.7%Reduced
PDT Partners, LLC62,168$4.18M0.24%+48,498+354.8%Added
Entropy Technologies, LP61,454$4.13M0.33%+52,144+560.1%Added
Harvey Investment Co LLC61,303$4.12M0.45%−1,680−2.7%Reduced
New York State Common Retirement Fund60,920$4.09M0.01%00.0%Unchanged
Universal- Beteiligungs- und Servicegesellschaft mbH60,913$4.09M0.01%−34,156−35.9%Reduced
Police & Firemen's Retirement System of New Jersey58,128$3.91M0.04%+35,402+155.8%Added
Sumitomo Mitsui Trust Holdings, Inc.57,979$3.90M0.00%−288,180−83.3%Reduced
Victory Capital Management Inc57,331$3.85M0.00%−336−0.6%Reduced
King Luther Capital Management Corp57,169$3.84M0.02%+1,244+2.2%Added
Great West Life Assurance Co57,063$3.84M0.01%−43,656−43.3%Reduced
Graybill Bartz & Assoc Ltd57,036$3.83M1.25%+24,005+72.7%Added
Zurcher Kantonalbank (Zurich Cantonalbank)57,021$3.83M0.01%+26,619+87.6%Added
Ascent Group, LLC56,384$3.79M0.15%+5,290+10.4%Added
Alpha Omega Wealth Management LLC54,783$3.68M0.66%+3,105+6.0%Added
Redmond Asset Management, LLC51,298$3.45M0.82%+495+1.0%Added
Bayesian Capital Management, LP50,946$3.42M0.54%+12,646+33.0%Added
State of New Jersey Common Pension Fund D50,925$3.42M0.01%00.0%Unchanged
The PNC Financial Services Group, Inc.49,454$3.32M0.00%−12,527−20.2%Reduced
Ensign Peak Advisors, Inc48,822$3.28M0.01%−8,361−14.6%Reduced