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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
Harbour Investments, Inc.504$19.5K0.00%+411+441.9%Added
Quadrant Capital Group LLC581$22.4K0.00%−2,098−78.3%Reduced
Steigerwald, Gordon & Koch Inc.584$22.6K0.00%+384+192.0%Added
Murphy & Mullick Capital Management Corp600$23.2K0.02%+200+50.0%Added
Altshuler Shaham Ltd621$24.0K0.00%+621New
Bryn Mawr Trust Co675$26.1K0.00%−4,803−87.7%Reduced
Huntington National Bank690$26.7K0.00%+265+62.4%Added
SJS Investment Consulting Inc.726$28.1K0.00%+714+5,950.0%Added
Hollencrest Capital Management752$29.1K0.00%−500−39.9%Reduced
Los Angeles Capital Management LLC717$30.0K0.00%−56,130−98.7%Reduced
North Star Investment Management Corp.813$31.4K0.00%+13+1.6%Added
South State Corp.824$31.8K0.00%+26+3.3%Added
Bartlett & Co. Wealth Management LLC845$32.7K0.00%−842−49.9%Reduced
Smartleaf Asset Management LLC834$32.8K0.00%−150−15.2%Reduced
Center for Financial Planning, Inc.850$32.8K0.00%+150+21.4%Added
Commonwealth Retirement Investments LLC850$32.8K0.01%+850New
True Wealth Design, LLC907$35.0K0.01%+319+54.3%Added
IFP Advisors, Inc986$38.1K0.00%−1,288−56.6%Reduced
Abound Financial, LLC1,015$39.2K0.02%+1,015New
National Bank of Canada1,193$46.0K0.00%−36,838−96.9%Reduced
Ameriflex Group, Inc.1,213$46.9K0.02%−1,031−45.9%Reduced
Signaturefd, LLC1,217$47.0K0.00%+690+130.9%Added
SageView Advisory Group, LLC1,232$47.6K0.00%+1,232New
Global Retirement Partners, LLC1,260$48.7K0.00%−10,814−89.6%Reduced
Arcadia Investment Management Corp1,300$50.2K0.01%00.0%Unchanged
St Germain D J Co Inc1,331$51.4K0.00%00.0%Unchanged
Ronald Blue Trust, Inc.1,424$55.0K0.00%+237+20.0%Added
Salomon & Ludwin, LLC1,390$56.0K0.00%+1,238+814.5%Added
Eurizon Capital SGR S.p.A.1,437$56.4K0.00%+1,437New
Danske Bank A/S1,600$61.8K0.00%+1,600New
Tompkins Financial Corp1,750$67.6K0.01%00.0%Unchanged
United Community Bank1,820$70.3K0.03%−4,605−71.7%Reduced
Clean Yield Group1,822$70.4K0.02%00.0%Unchanged
Smithfield Trust Co1,950$76.0K0.00%−109−5.3%Reduced
Bayforest Capital Ltd1,988$76.8K0.06%+1,988New
Brown Brothers Harriman & Co1,992$77.0K0.00%−581−22.6%Reduced
Covestor Ltd2,000$77.0K0.04%+1,663+493.5%Added
MCF Advisors LLC2,000$77.3K0.00%+1,990+19,900.0%Added
Umb Bank N A2,074$80.1K0.00%+1,599+336.6%Added
Parallel Advisors, LLC2,165$83.7K0.00%+1,724+390.9%Added
Leonteq Securities AG2,337$90.3K0.00%−2,002−46.1%Reduced
MetLife Investment Management2,400$92.7K0.00%−34,828−93.6%Reduced
Wexford Capital LP2,438$94.2K0.02%+2,438New
Horizon Investments, LLC2,485$96.0K0.00%+108+4.5%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.2,765$107.0K0.00%+2,765New
Rakuten Securities, Inc.2,831$109.4K0.04%+610+27.5%Added
Fifth Third Bancorp3,229$124.8K0.00%−3,470−51.8%Reduced
Cary Street Partners Financial LLC3,286$127.0K0.00%+3,286New
Gilpin Wealth Management, LLC3,357$129.7K0.10%+3,357New
Pinnacle Wealth Planning Services, Inc.3,390$131.0K0.01%+3,390New
Daytona Street Capital LLC3,500$135.2K0.11%+3,500New
STRS Ohio3,512$135.7K0.00%−71−2.0%Reduced
Nomura Asset Management Co Ltd3,616$139.7K0.00%−2,990−45.3%Reduced
Tower Research Capital LLC (TRC)3,758$145.2K0.00%+2,072+122.9%Added
BankPlus Trust Department4,077$157.5K0.04%00.0%Unchanged
Rothschild Investment LLC4,293$165.9K0.01%−1,063−19.8%Reduced
CX Institutional4,455$172.0K0.01%+2,914+189.1%Added
Northwestern Mutual Wealth Management Co4,561$176.2K0.00%−726−13.7%Reduced
Cygnus Capital Advisors, LLC5,000$193.0K0.14%+5,000New
Advisory Services Network, LLC5,005$193.4K0.00%+4,285+595.1%Added
Envestnet Portfolio Solutions, Inc.5,179$200.1K0.00%+483+10.3%Added
North Dakota State Investment Board5,245$202.7K0.01%+5,245New
Armistice Capital, LLC5,376$207.7K0.01%+5,376New
State of Wyoming5,427$209.7K0.02%+5,427New
Annis Gardner Whiting Capital Advisors, LLC5,450$210.6K0.04%−903−14.2%Reduced
Thompson Siegel & Walmsley LLC5,449$211.0K0.00%00.0%Unchanged
Empirical Finance, LLC5,474$211.5K0.01%−310−5.4%Reduced
Verus Financial Partners, Inc.4,696$212.0K0.02%−265−5.3%Reduced
AE Wealth Management LLC5,490$212.1K0.00%+926+20.3%Added
Lotus Technology Management, LP5,517$213.2K0.12%+5,517New
Omers Administration Corp5,627$217.4K0.00%00.0%Unchanged
DRW Securities, LLC5,654$218.5K0.02%+5,654New
US Bancorp5,792$223.8K0.00%−13,662−70.2%Reduced
CSS LLC5,820$224.9K0.01%−1,940−25.0%Reduced
Van Diest Capital, LLC5,842$225.8K0.34%+5,842New
Caerus Investment Advisors, LLC5,868$226.7K0.08%+5,868New
Bokf, NA5,912$228.4K0.00%+3+0.1%Added
Wiley Bros.-Aintree Capital, LLC5,979$231.0K0.00%−15,358−72.0%Reduced
Hardy Reed LLC6,034$233.2K0.02%00.0%Unchanged
Kestra Advisory Services, LLC6,123$236.6K0.00%−12,359−66.9%Reduced
Sequoia Financial Advisors, LLC6,149$237.6K0.00%+6,149New
Personal Cfo Solutions, LLC6,207$239.8K0.04%+6,207New
Persium Advisors, LLC6,220$240.3K0.18%+6,220New
Laird Norton Trust Company, LLC6,449$249.2K0.01%+6,449New
Northern Oak Wealth Management Inc6,486$250.6K0.03%−510−7.3%Reduced
Salvus Wealth Management, LLC6,510$251.5K0.14%−6,715−50.8%Reduced
Independence Wealth Advisors, LLC6,520$251.9K0.14%+6,520New
Panagora Asset Management Inc6,556$253.3K0.00%00.0%Unchanged
Allworth Financial LP6,572$253.9K0.00%+486+8.0%Added
Rockefeller Capital Management L.P.6,578$254.2K0.00%−707−9.7%Reduced
KBC Group NV6,695$259.0K0.00%−2,178−24.5%Reduced
Private Advisor Group, LLC6,764$261.4K0.00%−3,196−32.1%Reduced
Eventide Asset Management, LLC6,776$266.3K0.00%−3,364−33.2%Reduced
Empower Advisory Group, LLC6,939$268.1K0.00%+6,939New
Heritage Wealth Advisors6,946$268.4K0.01%−30−0.4%Reduced
Hollow Brook Wealth Management LLC6,956$268.8K0.07%00.0%Unchanged
Essential Partners LLC6,977$269.6K0.08%+2,134+44.1%Added
Sym Financial Corp6,997$270.4K0.03%+6,997New
Swiss Life Asset Management Ltd7,028$271.6K0.00%+298+4.4%Added
Inceptionr LLC7,112$274.8K0.08%+2,531+55.2%Added