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 |
|---|---|---|---|---|---|
| Nisa Investment Advisors, LLC | 74,550 | $2.88M | 0.01% | −2,919−3.8% | Reduced |
| Illinois Municipal Retirement Fund | 76,382 | $2.95M | 0.04% | +76,382 | New |
| Qsemble Capital Management, LP | 80,774 | $3.12M | 0.26% | +80,774 | New |
| Alliancebernstein L.P. | 80,812 | $3.12M | 0.00% | −74,584−48.0% | Reduced |
| Susquehanna International Group, LLP | 81,656 | $3.16M | 0.00% | −248,336−75.3% | Reduced |
| Asset Management Advisors, LLC | 81,749 | $3.16M | 1.91% | +36,195+79.5% | Added |
| Ruffer LLP | 82,204 | $3.18M | 0.14% | +82,204 | New |
| Farley Capital L.P. | 84,909 | $3.28M | 2.44% | +12,415+17.1% | Added |
| ProVise Management Group, LLC | 87,928 | $3.40M | 0.24% | −9,164−9.4% | Reduced |
| Steward Partners Investment Advisory, LLC | 93,004 | $3.59M | 0.02% | −1,715−1.8% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 88,001 | $3.61M | 0.00% | +46,450+111.8% | Added |
| Quadrature Capital Ltd | 93,780 | $3.62M | 0.04% | +93,780 | New |
| State of Alaska, Department of Revenue | 94,966 | $3.67M | 0.04% | +58,879+163.2% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 96,120 | $3.71M | 0.01% | +70,785+279.4% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 95,674 | $3.79M | 0.01% | +18,585+24.1% | Added |
| Blair William & Co | 99,251 | $3.84M | 0.01% | −210,346−67.9% | Reduced |
| Voya Investment Management LLC | 100,120 | $3.87M | 0.00% | −4,185−4.0% | Reduced |
| First Manhattan Co | 106,467 | $4.11M | 0.01% | −48,567−31.3% | Reduced |
| Price T Rowe Associates Inc | 110,696 | $4.28M | 0.00% | −107,154−49.2% | Reduced |
| Pensionmark Financial Group, LLC | 111,013 | $4.29M | 0.07% | +1,643+1.5% | Added |
| Hillman Capital Management, Inc. | 111,088 | $4.29M | 2.70% | +19,599+21.4% | Added |
| Kirr Marbach & Co LLC | 111,659 | $4.31M | 0.82% | −26,013−18.9% | Reduced |
| Alberta Investment Management Corp | 111,950 | $4.33M | 0.03% | +111,950 | New |
| Algert Global LLC | 116,510 | $4.50M | 0.07% | −31,730−21.4% | Reduced |
| Weiss Asset Management LP | 119,130 | $4.60M | 0.07% | +119,130 | New |
| Qube Research & Technologies Ltd | 119,760 | $4.63M | 0.01% | −1,516,604−92.7% | Reduced |
| Kinsale Capital Group, Inc. | 121,143 | $4.68M | 0.78% | +121,143 | New |
| Bessemer Group Inc | 121,910 | $4.71M | 0.01% | +114,330+1,508.3% | Added |
| JPMorgan Chase & Co | 122,293 | $4.73M | 0.00% | −193,012−61.2% | Reduced |
| Thrivent Financial for Lutherans | 124,515 | $4.81M | 0.01% | +113,771+1,058.9% | Added |
| Biglari Capital Corp. | 125,420 | $4.85M | 0.52% | 00.0% | Unchanged |
| State Board of Administration of Florida Retirement System | 127,887 | $4.94M | 0.01% | −2,980−2.3% | Reduced |
| Needham Investment Management LLC | 129,500 | $5.00M | 0.32% | 00.0% | Unchanged |
| Great West Life Assurance Co | 129,867 | $5.01M | 0.01% | +72,917+128.0% | Added |
| CWM, LLC | 130,757 | $5.05M | 0.01% | +36,094+38.1% | Added |
| Markel Group Inc.SuperinvestorMarkel Group | 136,500 | $5.27M | 0.04% | 00.0% | Unchanged |
| Stifel Financial Corp | 136,726 | $5.28M | 0.00% | +2,765+2.1% | Added |
| Davenport & Co LLC | 137,238 | $5.30M | 0.03% | −992,281−87.8% | Reduced |
| California State Teachers Retirement System | 139,270 | $5.38M | 0.01% | −2,712−1.9% | Reduced |
| Engineers Gate Manager LP | 142,214 | $5.50M | 0.07% | +6,651+4.9% | Added |
| SEI Investments Co | 143,713 | $5.55M | 0.01% | −21,834−13.2% | Reduced |
| Banyan Capital Management, Inc. | 146,248 | $5.65M | 2.46% | −31,622−17.8% | Reduced |
| WS Management LLLP | 150,455 | $5.81M | 0.78% | −50,000−24.9% | Reduced |
| Akre Capital Management LLCSuperinvestorAkre Capital Management | 150,600 | $5.82M | 0.06% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 151,098 | $5.84M | 0.01% | −23,888−13.7% | Reduced |
| Cetera Investment Advisers | 152,046 | $5.88M | 0.01% | −31,851−17.3% | Reduced |
| Mariner, LLC | 152,967 | $5.92M | 0.01% | +104,830+217.8% | Added |
| BML Capital Management, LLC | 155,000 | $5.99M | 5.30% | +155,000 | New |
| Quantinno Capital Management LP | 156,867 | $6.06M | 0.01% | +104,184+197.8% | Added |
| Old National Bancorp | 158,600 | $6.13M | 0.10% | −34,088−17.7% | Reduced |
| Aquatic Capital Management LLC | 162,057 | $6.26M | 0.18% | +162,057 | New |
| Hantz Financial Services, Inc. | 164,230 | $6.35M | 0.09% | −11,737−6.7% | Reduced |
| New York State Teachers Retirement System | 165,243 | $6.38M | 0.01% | +27,146+19.7% | Added |
| Oppenheimer & Co Inc | 172,128 | $6.65M | 0.09% | −19,482−10.2% | Reduced |
| Wedge Capital Management L L P | 175,450 | $6.78M | 0.12% | +49,049+38.8% | Added |
| Fuller & Thaler Asset Management, Inc. | 176,750 | $6.83M | 0.02% | +47,133+36.4% | Added |
| SG Americas Securities, LLC | 177,754 | $6.87M | 0.01% | +135,858+324.3% | Added |
| First Trust Advisors LP | 194,272 | $7.51M | 0.01% | +118,607+156.8% | Added |
| HRT Financial LP | 214,015 | $8.27M | 0.03% | +214,015 | New |
| Prudential Financial Inc | 217,006 | $8.39M | 0.01% | −20,440−8.6% | Reduced |
| Royal Bank of Canada | 222,473 | $8.60M | 0.00% | −513,066−69.8% | Reduced |
| QVT Financial LP | 230,000 | $8.89M | 0.84% | +195,000+557.1% | Added |
| Wells Fargo & Company | 236,291 | $9.13M | 0.00% | −144,687−38.0% | Reduced |
| LPL Financial LLC | 243,521 | $9.41M | 0.00% | +6,886+2.9% | Added |
| Cerity Partners LLC | 249,274 | $9.63M | 0.01% | +149,911+150.9% | Added |
| California Public Employees Retirement System | 249,568 | $9.64M | 0.01% | −6,882−2.7% | Reduced |
| Nuveen, LLC | 254,336 | $9.83M | 0.00% | −103,921−29.0% | Reduced |
| Citigroup Inc | 262,353 | $10.1M | 0.01% | +151,935+137.6% | Added |
| Canada Pension Plan Investment Board | 268,031 | $10.4M | 0.01% | −330,900−55.2% | Reduced |
| Broad Run Investment Management, LLC | 285,542 | $11.0M | 2.05% | −14,569−4.9% | Reduced |
| MML Investors Services, LLC | 286,582 | $11.1M | 0.03% | −17,447−5.7% | Reduced |
| Swiss National Bank | 289,400 | $11.2M | 0.01% | −1,500−0.5% | Reduced |
| Clifford Swan Investment Counsel LLC | 300,598 | $11.6M | 0.39% | +69,636+30.2% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 309,117 | $11.9M | 0.03% | −114,844−27.1% | Reduced |
| Gagnon Securities LLC | 320,077 | $12.4M | 2.52% | +94,448+41.9% | Added |
| Barclays PLC | 322,573 | $12.5M | 0.01% | −210,915−39.5% | Reduced |
| Ieq Capital, LLC | 331,324 | $12.8M | 0.04% | +286,226+634.7% | Added |
| Rhumbline Advisers | 378,844 | $14.6M | 0.01% | +57,112+17.8% | Added |
| Eubel Brady & Suttman Asset Management Inc | 382,955 | $14.8M | 1.66% | −23,702−5.8% | Reduced |
| Legal & General Group Plc | 395,775 | $15.3M | 0.00% | +47,658+13.7% | Added |
| Trexquant Investment LP | 404,529 | $15.6M | 0.14% | +371,557+1,126.9% | Added |
| Mount Capital Ltd | 410,400 | $15.9M | 6.41% | −410,400−50.0% | Reduced |
| Gotham Asset Management, LLC | 426,342 | $16.5M | 0.06% | +322,340+309.9% | Added |
| UBS Asset Management Americas Inc | 434,085 | $16.8M | 0.00% | −147,127−25.3% | Reduced |
| Kiltearn Partners LLP | 442,200 | $17.1M | 3.70% | +65,600+17.4% | Added |
| Welch & Forbes LLC | 446,573 | $17.3M | 0.21% | −371,647−45.4% | Reduced |
| Nexus Investment Management ULC | 452,800 | $17.5M | 2.38% | +4,090+0.9% | Added |
| Goldman Sachs Group Inc | 471,378 | $18.2M | 0.00% | −410,635−46.6% | Reduced |
| Citadel Advisors LLC | 498,371 | $19.3M | 0.01% | +106,866+27.3% | Added |
| Public Sector Pension Investment Board | 508,182 | $19.6M | 0.07% | +475,047+1,433.7% | Added |
| Assetmark, Inc | 513,404 | $19.8M | 0.04% | +91,980+21.8% | Added |
| Capital Fund Management S.A. | 537,353 | $20.8M | 0.20% | +239,824+80.6% | Added |
| Framtiden Holdings Management Co LLC | 540,000 | $20.9M | 22.63% | +540,000 | New |
| Raymond James Financial Inc | 549,803 | $21.2M | 0.01% | +47,513+9.5% | Added |
| Ariel Investments, LLC | 563,483 | $21.8M | 0.24% | −8,122−1.4% | Reduced |
| Millennium Management LLC | 667,284 | $25.8M | 0.02% | −97,515−12.8% | Reduced |
| FMR LLC | 679,345 | $26.2M | 0.00% | +464,262+215.9% | Added |
| Principal Financial Group Inc | 697,777 | $27.0M | 0.01% | +535,542+330.1% | Added |
| Tudor Investment Corp Et Al | 708,479 | $27.4M | 0.15% | +537,780+315.0% | Added |
| American Century Companies Inc | 732,171 | $28.3M | 0.01% | +611,920+508.9% | Added |