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 |
|---|---|---|---|---|---|
| Pictet Asset Management Holding SA | 22,702 | $877.2K | 0.00% | −5,455−19.4% | Reduced |
| Jain Global LLC | 22,714 | $877.7K | 0.01% | −112,897−83.3% | Reduced |
| Toroso Investments, LLC | 22,871 | $883.7K | 0.00% | −10,304−31.1% | Reduced |
| Pallas Capital Advisors LLC | 22,903 | $885.0K | 0.03% | +17,044+290.9% | Added |
| Quinn Opportunity Partners LLC | 23,000 | $888.7K | 0.04% | +23,000 | New |
| Havemeyer Place LP | 23,246 | $898.2K | 0.18% | +23,246 | New |
| Victory Capital Management Inc | 23,260 | $898.8K | 0.00% | −12,651−35.2% | Reduced |
| Commonwealth Equity Services, LLC | 23,403 | $904.3K | 0.00% | +206+0.9% | Added |
| Quantbot Technologies LP | 23,423 | $905.1K | 0.03% | +13,225+129.7% | Added |
| Marathon Trading Investment Management LLC | 23,627 | $912.9K | 0.11% | +23,627 | New |
| OP Asset Management Ltd | 23,971 | $926.2K | 0.01% | +8,301+53.0% | Added |
| Long Road Investment Counsel, LLC | 23,980 | $926.6K | 0.35% | −2,300−8.8% | Reduced |
| Buckingham Strategic Partners | 24,036 | $928.8K | 0.01% | +8,651+56.2% | Added |
| Utah Retirement Systems | 24,585 | $950.0K | 0.01% | −281−1.1% | Reduced |
| Freestone Capital Holdings, LLC | 25,040 | $967.5K | 0.03% | +25,040 | New |
| Twin City Private Wealth, LLC | 25,045 | $967.7K | 0.73% | +147+0.6% | Added |
| Crux Wealth Advisors | 25,188 | $973.2K | 0.36% | +67+0.3% | Added |
| Sompo Asset Management Co., Ltd. | 26,145 | $1.01M | 0.17% | −570−2.1% | Reduced |
| Schonfeld Strategic Advisors LLC | 26,388 | $1.02M | 0.01% | −17,912−40.4% | Reduced |
| CIBC World Markets Inc. | 26,403 | $1.02M | 0.00% | +14,059+113.9% | Added |
| Spears Abacus Advisors LLC | 26,936 | $1.04M | 0.02% | −16,825−38.4% | Reduced |
| PEAK6 LLC | 26,988 | $1.04M | 0.03% | −57,277−68.0% | Reduced |
| HSBC Holdings PLC | 26,848 | $1.05M | 0.00% | −289,001−91.5% | Reduced |
| Natixis Advisors, L.P. | 27,293 | $1.05M | 0.00% | +15,506+131.6% | Added |
| Unique Wealth Strategies, LLC | 28,523 | $1.10M | 0.43% | +2,703+10.5% | Added |
| Maryland State Retirement & Pension System | 28,705 | $1.11M | 0.02% | +21,473+296.9% | Added |
| Heartland Advisors Inc | 29,485 | $1.14M | 0.06% | −17,821−37.7% | Reduced |
| Blackhawk Capital Partners LLC. | 29,549 | $1.14M | 0.43% | +29,549 | New |
| Cambridge Investment Research Advisors, Inc. | 29,810 | $1.15M | 0.00% | −18,676−38.5% | Reduced |
| Atlantic Union Bankshares Corp | 30,156 | $1.17M | 0.02% | +3,000+11.0% | Added |
| Lakewood Asset Management LLC | 30,189 | $1.17M | 0.69% | +282+0.9% | Added |
| Argent Trust Co | 30,253 | $1.17M | 0.04% | −2,650−8.1% | Reduced |
| RMB Capital Management, LLC | 31,096 | $1.20M | 0.02% | +31,096 | New |
| KLP Kapitalforvaltning AS | 31,300 | $1.21M | 0.00% | 00.0% | Unchanged |
| Vision Capital Management, Inc. | 31,644 | $1.22M | 0.15% | +4,952+18.6% | Added |
| United Capital Financial Advisers, LLC | 32,357 | $1.25M | 0.01% | −9,129−22.0% | Reduced |
| PDT Partners, LLC | 32,785 | $1.27M | 0.08% | +27,468+516.6% | Added |
| Voya Financial Advisors, Inc. | 32,368 | $1.27M | 0.12% | −517−1.6% | Reduced |
| Jefferies Financial Group Inc. | 33,311 | $1.29M | 0.01% | −13,668−29.1% | Reduced |
| Brown Advisory Inc | 33,343 | $1.29M | 0.00% | −68,765−67.3% | Reduced |
| Oregon Public Employees Retirement Fund | 33,600 | $1.30M | 0.02% | +16,380+95.1% | Added |
| Atria Investments LLC | 33,787 | $1.31M | 0.01% | −8,242−19.6% | Reduced |
| Captrust Financial Advisors | 34,393 | $1.33M | 0.00% | −36,865−51.7% | Reduced |
| Caxton Associates LLP | 34,438 | $1.33M | 0.03% | +29,060+540.3% | Added |
| Elevated Private Wealth, LLC | 35,213 | $1.36M | 1.42% | +35,213 | New |
| The PNC Financial Services Group, Inc. | 35,359 | $1.37M | 0.00% | −9,089−20.4% | Reduced |
| B. Metzler seel. Sohn & Co. AG | 36,090 | $1.39M | 0.01% | +5,276+17.1% | Added |
| Jones Financial Companies LLLP | 36,100 | $1.39M | 0.00% | +12,738+54.5% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 36,354 | $1.40M | 0.01% | +316+0.9% | Added |
| Teachers Retirement System of the State of Kentucky | 37,130 | $1.43M | 0.01% | +25,000+206.1% | Added |
| Numerai GP LLC | 37,573 | $1.45M | 0.18% | −8,629−18.7% | Reduced |
| Avenir Corp | 37,701 | $1.46M | 0.16% | −181,138−82.8% | Reduced |
| Summit Trail Advisors, LLC | 37,842 | $1.46M | 0.03% | −8,676−18.7% | Reduced |
| Handelsbanken Fonder AB | 40,300 | $1.56M | 0.00% | 00.0% | Unchanged |
| Arizona State Retirement System | 40,832 | $1.58M | 0.01% | −3,577−8.1% | Reduced |
| Prescott Group Capital Management, L.L.C. | 41,000 | $1.58M | 0.15% | 00.0% | Unchanged |
| Biglari, Sardar | 41,100 | $1.59M | 3.28% | 00.0% | Unchanged |
| Midway Capital Research & Management | 42,051 | $1.62M | 1.58% | +42,051 | New |
| Greenline Partners, LLC | 42,478 | $1.64M | 0.19% | +42,478 | New |
| Comerica Bank | 42,629 | $1.65M | 0.01% | +20,407+91.8% | Added |
| GWM Advisors LLC | 42,680 | $1.65M | 0.01% | −14,218−25.0% | Reduced |
| Public Employees Retirement System of Ohio | 44,131 | $1.71M | 0.01% | −2,681−5.7% | Reduced |
| Alpha Omega Wealth Management LLC | 44,172 | $1.71M | 0.28% | −18,038−29.0% | Reduced |
| FORA Capital, LLC | 47,868 | $1.73M | 0.21% | +47,868 | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 45,457 | $1.76M | 0.00% | −13,504−22.9% | Reduced |
| Pathstone Holdings, LLC | 45,491 | $1.76M | 0.01% | +16,591+57.4% | Added |
| HF Advisory Group, LLC | 46,092 | $1.78M | 0.62% | +9,784+26.9% | Added |
| MMCAP International Inc. SPC | 47,257 | $1.83M | 0.18% | −9,513−16.8% | Reduced |
| Amalgamated Bank | 47,465 | $1.83M | 0.01% | +19,011+66.8% | Added |
| Amundi | 47,916 | $1.85M | 0.00% | −40,552−45.8% | Reduced |
| We Are One Seven, LLC | 49,212 | $1.90M | 0.04% | +38,583+363.0% | Added |
| RBF Capital, LLC | 50,000 | $1.93M | 0.09% | +50,000 | New |
| State of Tennessee, Treasury Department | 44,802 | $2.00M | 0.01% | −3,983−8.2% | Reduced |
| Yousif Capital Management, LLC | 43,028 | $2.04M | 0.02% | +22,970+114.5% | Added |
| Redmond Asset Management, LLC | 53,081 | $2.05M | 0.52% | +938+1.8% | Added |
| Verition Fund Management LLC | 53,489 | $2.07M | 0.01% | −106,153−66.5% | Reduced |
| CI Private Wealth, LLC | 55,162 | $2.13M | 0.00% | −978,077−94.7% | Reduced |
| Prelude Capital Management, LLC | 56,555 | $2.19M | 0.16% | +56,555 | New |
| Marshall Wace, LLP | 57,434 | $2.22M | 0.00% | −305,420−84.2% | Reduced |
| Entropy Technologies, LP | 57,566 | $2.22M | 0.12% | +57,566 | New |
| Lighthouse Investment Partners, LLC | 57,628 | $2.23M | 0.07% | +37,904+192.2% | Added |
| Y-Intercept (Hong Kong) Ltd | 58,182 | $2.25M | 0.05% | +58,182 | New |
| DekaBank Deutsche Girozentrale | 31,245 | $2.37M | 0.00% | 00.0% | Unchanged |
| Treasurer of the State of North Carolina | 61,427 | $2.37M | 0.01% | −5,940−8.8% | Reduced |
| Mercer Global Advisors Inc | 62,338 | $2.41M | 0.00% | +30,218+94.1% | Added |
| Police & Firemen's Retirement System of New Jersey | 62,872 | $2.43M | 0.02% | −3,803−5.7% | Reduced |
| Creative Planning | 63,833 | $2.47M | 0.00% | +30,321+90.5% | Added |
| Inkwell Capital LLC | 64,085 | $2.48M | 2.52% | −430−0.7% | Reduced |
| State of New Jersey Common Pension Fund D | 64,499 | $2.49M | 0.01% | +12,114+23.1% | Added |
| Bridgewater Associates, LP | 64,610 | $2.50M | 0.01% | +64,610 | New |
| Truist Financial Corp | 64,644 | $2.50M | 0.00% | −11,066−14.6% | Reduced |
| Principal Securities, Inc. | 65,892 | $2.55M | 0.04% | −7,788−10.6% | Reduced |
| Woodline Partners LP | 66,386 | $2.57M | 0.01% | +66,386 | New |
| New York State Common Retirement Fund | 66,420 | $2.57M | 0.00% | −4,500−6.3% | Reduced |
| Man Group plc | 67,235 | $2.60M | 0.00% | +67,235 | New |
| Louisiana State Employees Retirement System | 67,300 | $2.60M | 0.04% | +59,400+751.9% | Added |
| London Co of Virginia | 70,360 | $2.72M | 0.02% | −81,583−53.7% | Reduced |
| Worldquant Millennium Advisors LLC | 70,462 | $2.72M | 0.01% | +70,462 | New |
| State of Wisconsin Investment Board | 71,088 | $2.75M | 0.01% | −133,133−65.2% | Reduced |
| IMC-Chicago, LLC | 72,967 | $2.82M | 0.05% | −79,360−52.1% | Reduced |