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, Q4 2025
Institutional positions in CarMax Inc as of Dec 31, 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
- 537
- −78 vs. Q3 2025
- Shares held
- 150.9M
- +5.42M (+3.7%) vs. Q3 2025
- Total value
- $5.83B
- −$694.5M (−10.6%) vs. Q3 2025
- New holders
- 109
- 168 more added
- Sold out
- 187
- 212 more reduced
7 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 557 | $7.80B |
| Q1 2026 | 550 | $6.36B |
| Q4 2025 | 537 | $5.83B |
| Q3 2025 | 622 | $6.54B |
| Q2 2025 | 731 | $10.7B |
| Q1 2025 | 753 | $12.6B |
| Q4 2024 | 750 | $13.1B |
| Q3 2024 | 743 | $12.6B |
| Q2 2024 | 707 | $12.4B |
| Q1 2024 | 716 | $15.0B |
| Q4 2023 | 706 | $13.0B |
| Q3 2023 | 683 | $11.9B |
| Q2 2023 | 705 | $13.9B |
| Q1 2023 | 674 | $11.0B |
| Q4 2022 | 659 | $10.4B |
| Q3 2022 | 640 | $10.9B |
| Q2 2022 | 693 | $14.7B |
| Q1 2022 | 696 | $16.0B |
| Q4 2021 | 737 | $20.3B |
| Q3 2021 | 685 | $19.9B |
| Q2 2021 | 682 | $20.3B |
| Q1 2021 | 699 | $20.4B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding CarMax Inc; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 17,850,208 | $689.7M | 0.01% | +6,367,957+55.5% | Added |
| Vanguard Group Inc | 15,076,900 | $582.6M | 0.01% | −1,822,249−10.8% | Reduced |
| AQR Capital Management LLC | 7,930,345 | $306.4M | 0.16% | +4,780,903+151.8% | Added |
| SRS Investment Management, LLC | 5,637,803 | $217.8M | 2.29% | +5,327,603+1,717.5% | Added |
| State Street Corp | 5,051,275 | $195.2M | 0.01% | −490,311−8.8% | Reduced |
| Apollo Management Holdings, L.P. | 5,046,474 | $195.0M | 1.93% | +5,046,474 | New |
| Janus Henderson Group PLC | 4,530,820 | $175.1M | 0.08% | −344,409−7.1% | Reduced |
| Primecap Management Co | 4,367,236 | $168.7M | 0.13% | −193,135−4.2% | Reduced |
| Diamond Hill Capital Management Inc | 4,210,038 | $162.7M | 0.83% | −623,281−12.9% | Reduced |
| Norges Bank | 4,120,921 | $159.2M | 0.02% | +4,120,921 | New |
| Dimensional Fund Advisors LP | 3,985,895 | $154.0M | 0.03% | +300,694+8.2% | Added |
| D. E. Shaw & Co., Inc. | 3,642,950 | $140.8M | 0.11% | +2,858,518+364.4% | Added |
| Two Sigma Investments, LP | 2,968,026 | $114.7M | 0.17% | +2,207,785+290.4% | Added |
| Vulcan Value Partners, LLC | 2,928,832 | $113.2M | 2.04% | +600,712+25.8% | Added |
| First Pacific Advisors, LP | 2,924,081 | $113.0M | 1.49% | +442,620+17.8% | Added |
| Two Sigma Advisers, LP | 2,908,400 | $112.4M | 0.22% | +2,185,300+302.2% | Added |
| Baird Financial Group, Inc. | 2,661,299 | $102.8M | 0.16% | −753,190−22.1% | Reduced |
| Geode Capital Management, LLC | 2,557,859 | $98.9M | 0.01% | −859,157−25.1% | Reduced |
| Manufacturers Life Insurance Company, The | 2,422,097 | $93.6M | 0.08% | +236,358+10.8% | Added |
| Morgan Stanley | 2,300,103 | $88.9M | 0.01% | −182,737−7.4% | Reduced |
| Arrowstreet Capital, Limited Partnership | 1,772,526 | $68.5M | 0.04% | −1,750,397−49.7% | Reduced |
| UBS Group AG | 1,532,208 | $59.2M | 0.01% | −160,165−9.5% | Reduced |
| Charles Schwab Investment Management Inc | 1,346,719 | $52.0M | 0.01% | −126,576−8.6% | Reduced |
| Envestnet Asset Management Inc | 1,344,105 | $51.9M | 0.02% | −175,795−11.6% | Reduced |
| Renaissance Technologies LLC | 1,149,000 | $44.4M | 0.07% | +1,075,700+1,467.5% | Added |
| Invesco Ltd. | 1,136,054 | $43.9M | 0.00% | −2,289,683−66.8% | Reduced |
| Northern Trust Corp | 1,085,167 | $41.9M | 0.01% | −205,081−15.9% | Reduced |
| Bank of America Corp | 1,043,525 | $40.3M | 0.00% | −682,617−39.5% | Reduced |
| Rings Capital Management LLC | 949,000 | $36.7M | 18.23% | −125,000−11.6% | Reduced |
| Silver Heights Capital Management Inc | 931,168 | $36.0M | 14.27% | +5,001+0.5% | Added |
| Jane Street Group, LLC | 864,606 | $33.4M | 0.04% | +360,909+71.7% | Added |
| Bank of New York Mellon Corp | 849,499 | $32.8M | 0.01% | +115,729+15.8% | Added |
| Nomura Holdings Inc | 778,063 | $30.1M | 0.09% | +778,063 | New |
| Colony Group, LLC | 766,492 | $29.6M | 0.03% | +750,367+4,653.4% | Added |
| BNP Paribas Arbitrage, SA | 756,031 | $29.2M | 0.02% | +385,790+104.2% | Added |
| Mane Global Capital Management LP | 749,448 | $29.0M | 1.59% | +749,448 | New |
| Ameriprise Financial Inc | 748,541 | $28.9M | 0.01% | +154,601+26.0% | Added |
| American Century Companies Inc | 732,171 | $28.3M | 0.01% | +611,920+508.9% | Added |
| Tudor Investment Corp Et Al | 708,479 | $27.4M | 0.15% | +537,780+315.0% | Added |
| Principal Financial Group Inc | 697,777 | $27.0M | 0.01% | +535,542+330.1% | Added |
| FMR LLC | 679,345 | $26.2M | 0.00% | +464,262+215.9% | Added |
| Millennium Management LLC | 667,284 | $25.8M | 0.02% | −97,515−12.8% | Reduced |
| Ariel Investments, LLC | 563,483 | $21.8M | 0.24% | −8,122−1.4% | Reduced |
| Raymond James Financial Inc | 549,803 | $21.2M | 0.01% | +47,513+9.5% | Added |
| Framtiden Holdings Management Co LLC | 540,000 | $20.9M | 22.63% | +540,000 | New |
| Capital Fund Management S.A. | 537,353 | $20.8M | 0.20% | +239,824+80.6% | Added |
| Assetmark, Inc | 513,404 | $19.8M | 0.04% | +91,980+21.8% | Added |
| Public Sector Pension Investment Board | 508,182 | $19.6M | 0.07% | +475,047+1,433.7% | Added |
| Citadel Advisors LLC | 498,371 | $19.3M | 0.01% | +106,866+27.3% | Added |
| Goldman Sachs Group Inc | 471,378 | $18.2M | 0.00% | −410,635−46.6% | Reduced |
| Nexus Investment Management ULC | 452,800 | $17.5M | 2.38% | +4,090+0.9% | Added |
| Welch & Forbes LLC | 446,573 | $17.3M | 0.21% | −371,647−45.4% | Reduced |
| Kiltearn Partners LLP | 442,200 | $17.1M | 3.70% | +65,600+17.4% | Added |
| UBS Asset Management Americas Inc | 434,085 | $16.8M | 0.00% | −147,127−25.3% | Reduced |
| Gotham Asset Management, LLC | 426,342 | $16.5M | 0.06% | +322,340+309.9% | Added |
| Mount Capital Ltd | 410,400 | $15.9M | 6.41% | −410,400−50.0% | Reduced |
| Trexquant Investment LP | 404,529 | $15.6M | 0.14% | +371,557+1,126.9% | Added |
| Legal & General Group Plc | 395,775 | $15.3M | 0.00% | +47,658+13.7% | Added |
| Eubel Brady & Suttman Asset Management Inc | 382,955 | $14.8M | 1.66% | −23,702−5.8% | Reduced |
| Rhumbline Advisers | 378,844 | $14.6M | 0.01% | +57,112+17.8% | Added |
| Ieq Capital, LLC | 331,324 | $12.8M | 0.04% | +286,226+634.7% | Added |
| Barclays PLC | 322,573 | $12.5M | 0.01% | −210,915−39.5% | Reduced |
| Gagnon Securities LLC | 320,077 | $12.4M | 2.52% | +94,448+41.9% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 309,117 | $11.9M | 0.03% | −114,844−27.1% | Reduced |
| Clifford Swan Investment Counsel LLC | 300,598 | $11.6M | 0.39% | +69,636+30.2% | Added |
| Swiss National Bank | 289,400 | $11.2M | 0.01% | −1,500−0.5% | Reduced |
| MML Investors Services, LLC | 286,582 | $11.1M | 0.03% | −17,447−5.7% | Reduced |
| Broad Run Investment Management, LLC | 285,542 | $11.0M | 2.05% | −14,569−4.9% | Reduced |
| Canada Pension Plan Investment Board | 268,031 | $10.4M | 0.01% | −330,900−55.2% | Reduced |
| Citigroup Inc | 262,353 | $10.1M | 0.01% | +151,935+137.6% | Added |
| Nuveen, LLC | 254,336 | $9.83M | 0.00% | −103,921−29.0% | Reduced |
| California Public Employees Retirement System | 249,568 | $9.64M | 0.01% | −6,882−2.7% | Reduced |
| Cerity Partners LLC | 249,274 | $9.63M | 0.01% | +149,911+150.9% | Added |
| LPL Financial LLC | 243,521 | $9.41M | 0.00% | +6,886+2.9% | Added |
| Wells Fargo & Company | 236,291 | $9.13M | 0.00% | −144,687−38.0% | Reduced |
| QVT Financial LP | 230,000 | $8.89M | 0.84% | +195,000+557.1% | Added |
| Royal Bank of Canada | 222,473 | $8.60M | 0.00% | −513,066−69.8% | Reduced |
| Prudential Financial Inc | 217,006 | $8.39M | 0.01% | −20,440−8.6% | Reduced |
| HRT Financial LP | 214,015 | $8.27M | 0.03% | +214,015 | New |
| First Trust Advisors LP | 194,272 | $7.51M | 0.01% | +118,607+156.8% | Added |
| SG Americas Securities, LLC | 177,754 | $6.87M | 0.01% | +135,858+324.3% | Added |
| Fuller & Thaler Asset Management, Inc. | 176,750 | $6.83M | 0.02% | +47,133+36.4% | Added |
| Wedge Capital Management L L P | 175,450 | $6.78M | 0.12% | +49,049+38.8% | Added |
| Oppenheimer & Co Inc | 172,128 | $6.65M | 0.09% | −19,482−10.2% | Reduced |
| New York State Teachers Retirement System | 165,243 | $6.38M | 0.01% | +27,146+19.7% | Added |
| Hantz Financial Services, Inc. | 164,230 | $6.35M | 0.09% | −11,737−6.7% | Reduced |
| Aquatic Capital Management LLC | 162,057 | $6.26M | 0.18% | +162,057 | New |
| Old National Bancorp | 158,600 | $6.13M | 0.10% | −34,088−17.7% | Reduced |
| Quantinno Capital Management LP | 156,867 | $6.06M | 0.01% | +104,184+197.8% | Added |
| BML Capital Management, LLC | 155,000 | $5.99M | 5.30% | +155,000 | New |
| Mariner, LLC | 152,967 | $5.92M | 0.01% | +104,830+217.8% | Added |
| Cetera Investment Advisers | 152,046 | $5.88M | 0.01% | −31,851−17.3% | Reduced |
| Advisor Group Holdings, Inc. | 151,098 | $5.84M | 0.01% | −23,888−13.7% | Reduced |
| Akre Capital Management LLCSuperinvestorAkre Capital Management | 150,600 | $5.82M | 0.06% | 00.0% | Unchanged |
| WS Management LLLP | 150,455 | $5.81M | 0.78% | −50,000−24.9% | Reduced |
| Banyan Capital Management, Inc. | 146,248 | $5.65M | 2.46% | −31,622−17.8% | Reduced |
| SEI Investments Co | 143,713 | $5.55M | 0.01% | −21,834−13.2% | Reduced |
| Engineers Gate Manager LP | 142,214 | $5.50M | 0.07% | +6,651+4.9% | Added |
| California State Teachers Retirement System | 139,270 | $5.38M | 0.01% | −2,712−1.9% | Reduced |
| Davenport & Co LLC | 137,238 | $5.30M | 0.03% | −992,281−87.8% | Reduced |