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 |
|---|---|---|---|---|---|
| Ameriprise Financial Inc | 748,541 | $28.9M | 0.01% | +154,601+26.0% | Added |
| Mane Global Capital Management LP | 749,448 | $29.0M | 1.59% | +749,448 | New |
| BNP Paribas Arbitrage, SA | 756,031 | $29.2M | 0.02% | +385,790+104.2% | Added |
| Colony Group, LLC | 766,492 | $29.6M | 0.03% | +750,367+4,653.4% | Added |
| Nomura Holdings Inc | 778,063 | $30.1M | 0.09% | +778,063 | New |
| Bank of New York Mellon Corp | 849,499 | $32.8M | 0.01% | +115,729+15.8% | Added |
| Jane Street Group, LLC | 864,606 | $33.4M | 0.04% | +360,909+71.7% | Added |
| Silver Heights Capital Management Inc | 931,168 | $36.0M | 14.27% | +5,001+0.5% | Added |
| Rings Capital Management LLC | 949,000 | $36.7M | 18.23% | −125,000−11.6% | Reduced |
| Bank of America Corp | 1,043,525 | $40.3M | 0.00% | −682,617−39.5% | Reduced |
| Northern Trust Corp | 1,085,167 | $41.9M | 0.01% | −205,081−15.9% | Reduced |
| Invesco Ltd. | 1,136,054 | $43.9M | 0.00% | −2,289,683−66.8% | Reduced |
| Renaissance Technologies LLC | 1,149,000 | $44.4M | 0.07% | +1,075,700+1,467.5% | Added |
| Envestnet Asset Management Inc | 1,344,105 | $51.9M | 0.02% | −175,795−11.6% | Reduced |
| Charles Schwab Investment Management Inc | 1,346,719 | $52.0M | 0.01% | −126,576−8.6% | Reduced |
| UBS Group AG | 1,532,208 | $59.2M | 0.01% | −160,165−9.5% | Reduced |
| Arrowstreet Capital, Limited Partnership | 1,772,526 | $68.5M | 0.04% | −1,750,397−49.7% | Reduced |
| Morgan Stanley | 2,300,103 | $88.9M | 0.01% | −182,737−7.4% | Reduced |
| Manufacturers Life Insurance Company, The | 2,422,097 | $93.6M | 0.08% | +236,358+10.8% | Added |
| Geode Capital Management, LLC | 2,557,859 | $98.9M | 0.01% | −859,157−25.1% | Reduced |
| Baird Financial Group, Inc. | 2,661,299 | $102.8M | 0.16% | −753,190−22.1% | Reduced |
| Two Sigma Advisers, LP | 2,908,400 | $112.4M | 0.22% | +2,185,300+302.2% | Added |
| First Pacific Advisors, LP | 2,924,081 | $113.0M | 1.49% | +442,620+17.8% | Added |
| Vulcan Value Partners, LLC | 2,928,832 | $113.2M | 2.04% | +600,712+25.8% | Added |
| Two Sigma Investments, LP | 2,968,026 | $114.7M | 0.17% | +2,207,785+290.4% | Added |
| D. E. Shaw & Co., Inc. | 3,642,950 | $140.8M | 0.11% | +2,858,518+364.4% | Added |
| Dimensional Fund Advisors LP | 3,985,895 | $154.0M | 0.03% | +300,694+8.2% | Added |
| Norges Bank | 4,120,921 | $159.2M | 0.02% | +4,120,921 | New |
| Diamond Hill Capital Management Inc | 4,210,038 | $162.7M | 0.83% | −623,281−12.9% | Reduced |
| Primecap Management Co | 4,367,236 | $168.7M | 0.13% | −193,135−4.2% | Reduced |
| Janus Henderson Group PLC | 4,530,820 | $175.1M | 0.08% | −344,409−7.1% | Reduced |
| Apollo Management Holdings, L.P. | 5,046,474 | $195.0M | 1.93% | +5,046,474 | New |
| State Street Corp | 5,051,275 | $195.2M | 0.01% | −490,311−8.8% | Reduced |
| SRS Investment Management, LLC | 5,637,803 | $217.8M | 2.29% | +5,327,603+1,717.5% | Added |
| AQR Capital Management LLC | 7,930,345 | $306.4M | 0.16% | +4,780,903+151.8% | Added |
| Vanguard Group Inc | 15,076,900 | $582.6M | 0.01% | −1,822,249−10.8% | Reduced |
| BlackRock, Inc. | 17,850,208 | $689.7M | 0.01% | +6,367,957+55.5% | Added |
| Fiduciary Management Inc | 0 | $0 | 0.00% | −3,249,561−100.0% | Sold out |
| Turtle Creek Asset Management Inc. | 0 | $0 | 0.00% | −2,707,477−100.0% | Sold out |
| Cooke & Bieler LP | 0 | $0 | 0.00% | −2,241,359−100.0% | Sold out |
| Giverny Capital Inc.SuperinvestorGiverny Capital | 0 | $0 | 0.00% | −1,670,114−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −1,633,409−100.0% | Sold out |
| Wellington Management Group LLP | 0 | $0 | 0.00% | −981,905−100.0% | Sold out |
| Hawk Ridge Capital Management LP | 0 | $0 | 0.00% | −973,980−100.0% | Sold out |
| Weitz Investment Management, Inc.SuperinvestorWeitz Investment Management | 0 | $0 | 0.00% | −649,400−100.0% | Sold out |
| Check Capital Management Inc | 0 | $0 | 0.00% | −600,043−100.0% | Sold out |
| Candriam Luxembourg S.C.A. | 0 | $0 | 0.00% | −494,079−100.0% | Sold out |
| J. Goldman & Co LP | 0 | $0 | 0.00% | −470,457−100.0% | Sold out |
| Schwerin Boyle Capital Management Inc | 0 | $0 | 0.00% | −372,156−100.0% | Sold out |
| Azora Capital LP | 0 | $0 | 0.00% | −364,571−100.0% | Sold out |
| Balyasny Asset Management LLC | 0 | $0 | 0.00% | −342,951−100.0% | Sold out |
| Courant Investment Management LLC | 0 | $0 | 0.00% | −247,520−100.0% | Sold out |
| Squarepoint Ops LLC | 0 | $0 | 0.00% | −231,951−100.0% | Sold out |
| Eldred Rock Partners, LLC | 0 | $0 | 0.00% | −207,986−100.0% | Sold out |
| Fairview Capital Investment Management, LLC | 0 | $0 | 0.00% | −123,887−100.0% | Sold out |
| True North Advisors, LLC | 0 | $0 | 0.00% | −123,742−100.0% | Sold out |
| Marathon Asset Mgmt Ltd | 0 | $0 | 0.00% | −97,155−100.0% | Sold out |
| Gabelli Funds LLC | 0 | $0 | 0.00% | −93,000−100.0% | Sold out |
| Dark Forest Capital Management LP | 0 | $0 | 0.00% | −87,189−100.0% | Sold out |
| Intech Investment Management LLC | 0 | $0 | 0.00% | −86,444−100.0% | Sold out |
| Invenomic Capital Management LP | 0 | $0 | 0.00% | −78,349−100.0% | Sold out |
| Chevy Chase Trust Holdings, Inc. | 0 | $0 | 0.00% | −76,591−100.0% | Sold out |
| TD Asset Management Inc | 0 | $0 | 0.00% | −76,431−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −72,944−100.0% | Sold out |
| APG Asset Management N.V. | 0 | $0 | 0.00% | −85,200−100.0% | Sold out |
| King Luther Capital Management Corp | 0 | $0 | 0.00% | −72,217−100.0% | Sold out |
| Twinbeech Capital LP | 0 | $0 | 0.00% | −70,002−100.0% | Sold out |
| Ascent Group, LLC | 0 | $0 | 0.00% | −57,618−100.0% | Sold out |
| ProShare Advisors LLC | 0 | $0 | 0.00% | −48,766−100.0% | Sold out |
| English Capital Management LLC | 0 | $0 | 0.00% | −43,301−100.0% | Sold out |
| Delta Global Management LP | 0 | $0 | 0.00% | −42,237−100.0% | Sold out |
| Walleye Trading LLC | 0 | $0 | 0.00% | −41,968−100.0% | Sold out |
| Van Eck Associates Corp | 0 | $0 | 0.00% | −41,714−100.0% | Sold out |
| Commerce Bank | 0 | $0 | 0.00% | −41,225−100.0% | Sold out |
| State of Michigan Retirement System | 0 | $0 | 0.00% | −40,548−100.0% | Sold out |
| Czech National Bank | 0 | $0 | 0.00% | −38,116−100.0% | Sold out |
| Gilman Hill Asset Management, LLC | 0 | $0 | 0.00% | −37,643−100.0% | Sold out |
| Jump Financial, LLC | 0 | $0 | 0.00% | −37,501−100.0% | Sold out |
| Patriot Financial Group Insurance Agency, LLC | 0 | $0 | 0.00% | −34,017−100.0% | Sold out |
| Assenagon Asset Management S.A. | 0 | $0 | 0.00% | −33,999−100.0% | Sold out |
| Retirement Systems of Alabama | 0 | $0 | 0.00% | −32,013−100.0% | Sold out |
| UniSuper Management Pty Ltd | 0 | $0 | 0.00% | −31,909−100.0% | Sold out |
| Occudo Quantitative Strategies LP | 0 | $0 | 0.00% | −30,902−100.0% | Sold out |
| Toronto Dominion Bank | 0 | $0 | 0.00% | −30,115−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −26,706−100.0% | Sold out |
| Greenup Street Wealth Management LLC | 0 | $0 | 0.00% | −25,587−100.0% | Sold out |
| Winton Group Ltd | 0 | $0 | 0.00% | −24,985−100.0% | Sold out |
| Leith Wheeler Investment Counsel Ltd. | 0 | $0 | 0.00% | −23,849−100.0% | Sold out |
| CWA Asset Management Group, LLC | 0 | $0 | 0.00% | −23,781−100.0% | Sold out |
| Vinva Investment Management Ltd | 0 | $0 | 0.00% | −15,167−100.0% | Sold out |
| Triangle Securities Wealth Management | 0 | $0 | 0.00% | −21,213−100.0% | Sold out |
| Mirae Asset Global Investments Co., Ltd. | 0 | $0 | 0.00% | −21,082−100.0% | Sold out |
| Oddo BHF Asset Management SAS | 0 | $0 | 0.00% | −21,035−100.0% | Sold out |
| Hussman Strategic Advisors, Inc. | 0 | $0 | 0.00% | −21,000−100.0% | Sold out |
| Credit Agricole S A | 0 | $0 | 0.00% | −19,697−100.0% | Sold out |
| ClearAlpha Technologies LP | 0 | $0 | 0.00% | −19,135−100.0% | Sold out |
| Pacer Advisors, Inc. | 0 | $0 | 0.00% | −18,847−100.0% | Sold out |
| Scientech Research LLC | 0 | $0 | 0.00% | −17,686−100.0% | Sold out |
| Raiffeisen Bank International AG | 0 | $0 | 0.00% | −17,636−100.0% | Sold out |
| Bridges Investment Management Inc | 0 | $0 | 0.00% | −17,262−100.0% | Sold out |