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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, Q3 2025

Institutional positions in CarMax Inc as of Sep 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
622
−99 vs. Q2 2025
Shares held
145.7M
−11.0M (−7.0%) vs. Q2 2025
Total value
$6.54B
−$4.00B (−37.9%) vs. Q2 2025
New holders
64
230 more added
Sold out
163
254 more reduced

10 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 622 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 heldQ3 2025: $6.54B
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, Q3 2025

Shares, value and share of portfolio for each institution holding CarMax Inc; share changes are against Q2 2025.

Institutions holding KMX in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Salvus Wealth Management, LLC13,225$593.4K0.33%−644−4.6%Reduced
Nelson, Van Denburg & Campbell Wealth Management Group, LLC13,239$594.0K0.02%+3,895+41.7%Added
Keystone Financial Services13,251$594.6K0.18%+804+6.5%Added
NEOS Investment Management LLC13,334$598.3K0.00%+4,218+46.3%Added
Merit Financial Group, LLC13,347$598.9K0.01%−17,426−56.6%Reduced
Aigen Investment Management, LP13,625$611.4K0.09%+8,316+156.6%Added
SummitTX Capital, L.P.13,664$613.1K0.03%−95−0.7%Reduced
Meriwether Wealth & Planning, LLC13,994$627.9K0.36%−3,144−18.3%Reduced
Polymer Capital Management (US) LLC14,076$631.6K0.08%+14,076New
Maia Wealth LLC19,103$635.2K0.11%−4,238−18.2%Reduced
Auxano Advisors, LLC14,256$639.7K0.14%+108+0.8%Added
Greenland Capital Management LP14,819$664.9K0.10%+14,819New
Mizuho Securities USA LLC10,930$670.6K0.01%+407+3.9%Added
Fox Run Management, L.L.C.14,950$670.8K0.10%−13,122−46.7%Reduced
CIBC Bancorp USA Inc.15,324$687.6K0.00%+15,324New
Park Circle Co15,350$688.8K0.60%+8,600+127.4%Added
LMR Partners LLP15,381$690.1K0.01%+10.0%Added
Diversified Trust Co15,453$693.4K0.01%+15,453New
OP Asset Management Ltd15,670$703.1K0.01%+15,670New
Cape Investment Advisory, Inc.15,969$716.5K0.70%+177+1.1%Added
Colony Group, LLC16,125$723.2K0.00%−16,049−49.9%Reduced
Mutual of America Capital Management LLC16,264$729.8K0.01%−1,205−6.9%Reduced
Intrinsic Value Partners, LLC16,735$750.9K0.61%+5,890+54.3%Added
Warren Averett Asset Management, LLC16,767$752.3K0.01%−1,297−7.2%Reduced
Osborne Partners Capital Management, LLC17,000$762.8K0.04%−250−1.4%Reduced
GTS Securities LLC17,187$771.2K0.03%+17,187New
Oregon Public Employees Retirement Fund17,220$772.7K0.01%+4,076+31.0%Added
Bridges Investment Management Inc17,262$774.5K0.01%+5,660+48.8%Added
Raiffeisen Bank International AG17,636$791.3K0.01%+2,372+15.5%Added
Scientech Research LLC17,686$793.6K0.28%+4,392+33.0%Added
Centaurus Financial, Inc.18,184$816.0K0.04%+6,953+61.9%Added
Logan Capital Management Inc18,340$822.9K0.03%−760−4.0%Reduced
Kestra Advisory Services, LLC18,482$829.3K0.00%+10,104+120.6%Added
Pacer Advisors, Inc.18,847$845.7K0.00%+6,377+51.1%Added
Geneos Wealth Management Inc.18,865$846.5K0.02%+205+1.1%Added
ClearAlpha Technologies LP19,135$858.6K2.35%+7,384+62.8%Added
Rafferty Asset Management, LLC19,211$862.0K0.00%+475+2.5%Added
US Bancorp19,454$872.9K0.00%−3,681−15.9%Reduced
CIBC Asset Management Inc19,618$880.3K0.00%−28−0.1%Reduced
Credit Agricole S A19,697$883.8K0.00%+19,697New
Lighthouse Investment Partners, LLC19,724$885.0K0.03%−5,496−21.8%Reduced
Borer Denton & Associates, Inc.20,037$899.1K0.30%+1,646+9.0%Added
Yousif Capital Management, LLC20,058$900.0K0.01%−1,228−5.8%Reduced
Premier Path Wealth Partners, LLC20,902$937.9K0.12%+2,413+13.1%Added
Hussman Strategic Advisors, Inc.21,000$942.3K0.20%+21,000New
Oddo BHF Asset Management SAS21,035$943.8K0.04%−754−3.5%Reduced
Mirae Asset Global Investments Co., Ltd.21,082$946.0K0.00%+2,216+11.7%Added
Triangle Securities Wealth Management21,213$951.8K0.22%+600+2.9%Added
Wiley Bros.-Aintree Capital, LLC21,337$957.8K0.01%+6,853+47.3%Added
Comerica Bank22,222$997.1K0.00%−1,049−4.5%Reduced
CIBC Private Wealth Group, LLC22,570$1.01M0.00%−977−4.1%Reduced
GeoWealth Management, LLC22,686$1.02M0.04%+16,713+279.8%Added
Brinker Capital Investments, LLC22,862$1.03M0.01%−1,549−6.3%Reduced
Commonwealth Equity Services, LLC23,197$1.04M0.00%+2,722+13.3%Added
Vinva Investment Management Ltd15,167$1.04M0.02%+11,245+286.7%Added
Jones Financial Companies LLLP23,362$1.05M0.00%+17,424+293.4%Added
FSB Premier Wealth Management, Inc.23,498$1.05M0.35%+2,469+11.7%Added
CWA Asset Management Group, LLC23,781$1.07M0.04%−555−2.3%Reduced
Leith Wheeler Investment Counsel Ltd.23,849$1.07M0.07%−80,977−77.2%Reduced
Daiwa Securities Group Inc.24,130$1.08M0.00%−12,771−34.6%Reduced
Utah Retirement Systems24,866$1.12M0.01%−501−2.0%Reduced
Twin City Private Wealth, LLC24,898$1.12M0.87%+3,839+18.2%Added
Winton Group Ltd24,985$1.12M0.04%+16,616+198.5%Added
Crux Wealth Advisors25,121$1.13M0.45%+1,713+7.3%Added
Mirae Asset Global ETFs Holdings Ltd.25,335$1.14M0.00%−235−0.9%Reduced
Greenup Street Wealth Management LLC25,587$1.15M0.18%−5,901−18.7%Reduced
Unique Wealth Strategies, LLC25,820$1.16M0.46%+1,749+7.3%Added
Ensign Peak Advisors, Inc26,072$1.17M0.00%−22,750−46.6%Reduced
Long Road Investment Counsel, LLC26,280$1.18M0.42%−51,800−66.3%Reduced
Vision Capital Management, Inc.26,692$1.20M0.15%−19,629−42.4%Reduced
Simplex Trading, LLC26,706$1.20M0.03%+24,623+1,182.1%Added
Sompo Asset Management Co., Ltd.26,715$1.20M0.21%+4,122+18.2%Added
Atlantic Union Bankshares Corp27,156$1.22M0.02%+26,912+11,029.5%Added
Pictet Asset Management Holding SA28,157$1.26M0.00%−883−3.0%Reduced
Investment Research & Advisory Group, Inc.28,168$1.26M0.43%+2,042+7.8%Added
Amalgamated Bank28,454$1.28M0.01%−1,090−3.7%Reduced
Bard Financial Services, Inc.28,580$1.28M0.14%+8,780+44.3%Added
Pathstone Holdings, LLC28,900$1.30M0.00%−17,935−38.3%Reduced
Guggenheim Capital LLC29,336$1.32M0.01%+19,508+198.5%Added
Lakewood Asset Management LLC29,907$1.34M0.81%+705+2.4%Added
Toronto Dominion Bank30,115$1.35M0.00%−3,333−10.0%Reduced
Regions Financial Corp30,153$1.35M0.01%−3,546−10.5%Reduced
Janney Montgomery Scott LLC30,682$1.38M0.00%+12,686+70.5%Added
B. Metzler seel. Sohn & Co. AG30,814$1.38M0.01%+6,371+26.1%Added
Occudo Quantitative Strategies LP30,902$1.39M0.17%+5,578+22.0%Added
KLP Kapitalforvaltning AS31,300$1.40M0.01%−400−1.3%Reduced
DekaBank Deutsche Girozentrale31,245$1.41M0.00%00.0%Unchanged
UniSuper Management Pty Ltd31,909$1.43M0.01%+6,474+25.5%Added
Retirement Systems of Alabama32,013$1.44M0.00%−677−2.1%Reduced
Mercer Global Advisors Inc32,120$1.44M0.00%+2,070+6.9%Added
Argent Trust Co32,903$1.48M0.05%−6,026−15.5%Reduced
Trexquant Investment LP32,972$1.48M0.02%−354,560−91.5%Reduced
Public Sector Pension Investment Board33,135$1.49M0.01%+1,750+5.6%Added
Voya Financial Advisors, Inc.32,885$1.49M0.14%−731−2.2%Reduced
Toroso Investments, LLC33,175$1.49M0.01%+20,052+152.8%Added
Creative Planning33,512$1.50M0.00%+7,633+29.5%Added
Assenagon Asset Management S.A.33,999$1.53M0.00%00.0%Unchanged
Patriot Financial Group Insurance Agency, LLC34,017$1.53M0.20%−4,096−10.7%Reduced
QVT Financial LP35,000$1.57M0.17%+35,000New
New York Life Investment Management LLC35,116$1.58M0.01%−1,428−3.9%Reduced