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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, 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.

Institutional holdersQ4 2025: 537 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 heldQ4 2025: $5.83B
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, Q4 2025

Shares, value and share of portfolio for each institution holding CarMax Inc; share changes are against Q3 2025.

Institutions holding KMX in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
DecisionPoint Financial, LLC1$390.00%00.0%Unchanged
Hughes Financial Services, LLC1$390.00%+1New
Bay Harbor Wealth Management, LLC2$770.00%−3−60.0%Reduced
ROSS\JOHNSON & Associates LLC2$770.00%+2New
Keating Financial Advisory Services, Inc.2$770.00%+2New
DiNuzzo Private Wealth, Inc.2$780.00%−14−87.5%Reduced
Valued Wealth Advisors LLC2$780.00%00.0%Unchanged
Private Wealth Asset Management, LLC3$1160.00%00.0%Unchanged
SHP Wealth Management3$1260.00%+3New
WPG Advisers, LLC4$1550.00%00.0%Unchanged
TD Private Client Wealth LLC6$2320.00%−120−95.2%Reduced
Dunhill Financial, LLC8$3070.00%+5+166.7%Added
Transamerica Financial Advisors, Inc.8$3090.00%−8−50.0%Reduced
Abound Wealth Management9$3480.00%+8+800.0%Added
Winnow Wealth LLC9$3510.00%+9New
Kayne Anderson Rudnick Investment Management LLC10$3860.00%00.0%Unchanged
Your Advocates Ltd., LLP10$3860.00%00.0%Unchanged
Gen-Wealth Partners Inc10$3860.00%00.0%Unchanged
Bare Financial Services, Inc10$3860.00%+10New
Three Bearings Fiduciary Advisors, Inc.10$4460.00%+10New
UMA Financial Services, Inc.12$4640.00%+12New
Advocate Investing Services LLC12$4640.00%+12New
Caitong International Asset Management Co., Ltd13$5020.00%−3,587−99.6%Reduced
Rossby Financial, LCC14$5410.00%+14New
Zions Bancorporation, National Association15$5800.00%−2,941−99.5%Reduced
Financial Consulate, Inc15$5800.00%−8−34.8%Reduced
Addison Advisors LLC20$7730.00%00.0%Unchanged
Cornerstone Planning Group LLC18$8450.00%+4+28.6%Added
Creative Financial Designs Inc23$8890.00%+5+27.8%Added
Ogorek Anthony Joseph30$1.00K0.00%−29−49.2%Reduced
Avion Wealth28$1.00K0.00%+28New
Cedar Mountain Advisors, LLC27$1.04K0.00%+27New
Ankerstar Wealth, LLC27$1.04K0.00%+27New
MV Capital Management, Inc.28$1.08K0.00%−52−65.0%Reduced
Cromwell Holdings LLC28$1.08K0.00%+14+100.0%Added
Bell Investment Advisors, Inc29$1.12K0.00%+13+81.3%Added
Financial Network Wealth Advisors LLC31$1.20K0.00%00.0%Unchanged
LRI Investments, LLC31$1.20K0.00%00.0%Unchanged
Carolina Wealth Advisors, LLC33$1.27K0.00%00.0%Unchanged
Proathlete Wealth Management LLC33$1.27K0.00%+33New
Nvest Wealth Strategies, Inc.33$1.28K0.00%+33New
Redmont Wealth Advisors LLC40$1.55K0.00%00.0%Unchanged
Private Wealth Management Group, LLC42$1.62K0.00%−47−52.8%Reduced
Raffa Wealth Management, LLC51$1.97K0.00%+22+75.9%Added
Prestige Wealth Management Group LLC51$1.97K0.00%+34+200.0%Added
McIlrath & Eck, LLC53$2.05K0.00%00.0%Unchanged
SBI Securities Co., Ltd.55$2.13K0.00%−13−19.1%Reduced
Root Financial Partners, LLC56$2.16K0.00%−225−80.1%Reduced
Grove Bank & Trust61$2.36K0.00%00.0%Unchanged
Elyxium Wealth, LLC76$2.94K0.00%+76New
Bruce G. Allen Investments, LLC86$3.32K0.00%+86New
Walleye Capital LLC90$3.48K0.00%−44,657−99.8%Reduced
Bogart Wealth, LLC91$3.52K0.00%−46−33.6%Reduced
Private Trust Co NA92$3.56K0.00%−164−64.1%Reduced
Manchester Capital Management LLC98$3.79K0.00%+48+96.0%Added
Central Trust Co100$3.86K0.00%−475−82.6%Reduced
Tucker Asset Management LLC103$3.98K0.00%+103New
Farmers & Merchants Investments Inc109$4.21K0.00%00.0%Unchanged
Macquarie Group Ltd110$4.25K0.00%−4,426−97.6%Reduced
Johnson Financial Group, Inc.113$4.37K0.00%−64−36.2%Reduced
High Note Wealth, LLC129$4.99K0.00%+129New
S&T Bank130$5.02K0.00%00.0%Unchanged
Larson Financial Group LLC135$5.22K0.00%+121+864.3%Added
Golden State Wealth Management, LLC135$5.22K0.00%+135New
JFS Wealth Advisors, LLC140$5.41K0.00%−18−11.4%Reduced
Oakworth Capital, Inc.147$5.68K0.00%+147New
Rachor Investment Advisory Services, LLC156$6.03K0.00%+156New
NBC Securities, Inc.158$6.11K0.00%−173−52.3%Reduced
Global Wealth Strategies & Associates159$6.14K0.00%00.0%Unchanged
Storebrand Asset Management AS170$6.57K0.00%−1,077−86.4%Reduced
Independence Bank of Kentucky181$6.99K0.00%+22+13.8%Added
CoreCap Advisors, LLC181$6.99K0.00%+23+14.6%Added
Ancora Advisors, LLC184$7.11K0.00%00.0%Unchanged
MidAtlantic Capital Management, Inc.185$7.15K0.00%+185New
DHJJ Financial Advisors, Ltd.190$7.34K0.00%00.0%Unchanged
Stephens Consulting, LLC210$8.12K0.00%−39−15.7%Reduced
Optima Capital LLC221$8.54K0.00%+221New
Concord Wealth Partners223$8.62K0.00%−265−54.3%Reduced
Quent Capital, LLC240$9.27K0.00%−158−39.7%Reduced
Cheviot Value Management, LLC200$9.39K0.00%−50−20.0%Reduced
Signature Equity Partners, LLC244$9.43K0.01%+244New
Fideuram Asset Management (Ireland) dac134$10.5K0.00%+134New
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.278$10.9K0.00%−158,910−99.8%Reduced
Investment Research & Advisory Group, Inc.283$10.9K0.00%−27,885−99.0%Reduced
Caldwell Trust Co300$11.6K0.00%00.0%Unchanged
Basecamp Wealth Advisors LLC309$11.9K0.00%+309New
Capital Advisors, Ltd. LLC312$12.0K0.00%−32−9.3%Reduced
Optiver Holding B.V.343$13.3K0.00%+343New
Parkside Financial Bank & Trust344$13.3K0.00%−1−0.3%Reduced
Kerr Financial Planning Corp300$13.8K0.02%00.0%Unchanged
First Community Trust NA394$15.2K0.01%00.0%Unchanged
Versant Capital Management, Inc413$16.0K0.00%+390+1,695.7%Added
Onefund, LLC419$16.2K0.01%−16−3.7%Reduced
Activest Wealth Management420$16.2K0.00%+418+20,900.0%Added
Deseret Mutual Benefit Administrators421$16.3K0.01%00.0%Unchanged
Blume Capital Management, Inc.435$16.8K0.00%00.0%Unchanged
Massmutual Trust Co FSB439$17.0K0.00%−175,797−99.8%Reduced
MAI Capital Management483$18.7K0.00%−193−28.6%Reduced
Cary Street Partner Investment Advisory LLC487$18.8K0.01%+487New
Paradigm Asset Management Co LLC495$19.1K0.00%00.0%Unchanged