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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
GTS Securities LLC0$00.00%−17,187−100.0%Sold out
Osborne Partners Capital Management, LLC0$00.00%−17,000−100.0%Sold out
Diversified Trust Co0$00.00%−15,453−100.0%Sold out
Park Circle Co0$00.00%−15,350−100.0%Sold out
Mizuho Securities USA LLC0$00.00%−10,930−100.0%Sold out
Greenland Capital Management LP0$00.00%−14,819−100.0%Sold out
SummitTX Capital, L.P.0$00.00%−13,664−100.0%Sold out
Aigen Investment Management, LP0$00.00%−13,625−100.0%Sold out
NEOS Investment Management LLC0$00.00%−13,334−100.0%Sold out
Nelson, Van Denburg & Campbell Wealth Management Group, LLC0$00.00%−13,239−100.0%Sold out
Sheets Smith Wealth Management0$00.00%−13,200−100.0%Sold out
Farringdon Capital, Ltd.0$00.00%−13,158−100.0%Sold out
Pecaut & Co.0$00.00%−13,050−100.0%Sold out
Healthcare of Ontario Pension Plan Trust Fund0$00.00%−12,941−100.0%Sold out
Dakota Wealth Management0$00.00%−12,626−100.0%Sold out
180 Wealth Advisors, LLC0$00.00%−12,393−100.0%Sold out
EntryPoint Capital, LLC0$00.00%−11,712−100.0%Sold out
Employees Retirement System of Texas0$00.00%−11,098−100.0%Sold out
Exchange Traded Concepts, LLC0$00.00%−10,972−100.0%Sold out
Headlands Technologies LLC0$00.00%−10,965−100.0%Sold out
Robeco Institutional Asset Management B.V.0$00.00%−10,798−100.0%Sold out
Bank of Nova Scotia0$00.00%−10,445−100.0%Sold out
Vestcor Inc0$00.00%−10,287−100.0%Sold out
Loring Wolcott & Coolidge Fiduciary Advisors LLP0$00.00%−10,693−100.0%Sold out
Mitsubishi UFJ Trust & Banking Corp0$00.00%−9,357−100.0%Sold out
Korea Investment CORP0$00.00%−9,259−100.0%Sold out
Riverwater Partners LLC0$00.00%−9,218−100.0%Sold out
Brighton Jones LLC0$00.00%−9,196−100.0%Sold out
Standard Life Aberdeen plc0$00.00%−8,733−100.0%Sold out
Hartford Investment Management Co0$00.00%−8,649−100.0%Sold out
Norinchukin Bank, The0$00.00%−8,453−100.0%Sold out
Capstone Investment Advisors, LLC0$00.00%−8,413−100.0%Sold out
Allspring Global Investments Holdings, LLC0$00.00%−8,016−100.0%Sold out
Virginia Retirement Systems Et Al0$00.00%−8,000−100.0%Sold out
Blueshift Asset Management, LLC0$00.00%−7,646−100.0%Sold out
Icon Wealth Advisors, LLC0$00.00%−7,524−100.0%Sold out
Mackenzie Financial Corp0$00.00%−7,426−100.0%Sold out
Beaumont Asset Management, L.L.C.0$00.00%−7,384−100.0%Sold out
RSM US Wealth Management LLC0$00.00%−7,253−100.0%Sold out
Securian Asset Management, Inc0$00.00%−7,183−100.0%Sold out
Blalock Williams, LLC0$00.00%−7,159−100.0%Sold out
Sumitomo Mitsui Trust Holdings, Inc.0$00.00%−7,131−100.0%Sold out
Ilex Capital Partners (UK) LLP0$00.00%−6,987−100.0%Sold out
New Mexico Educational Retirement Board0$00.00%−6,880−100.0%Sold out
Banco Bilbao Vizcaya Argentaria, S.A.0$00.00%−6,439−100.0%Sold out
Resonant Capital Advisors, LLC0$00.00%−6,388−100.0%Sold out
NJ State Employees Deferred Compensation Plan0$00.00%−6,000−100.0%Sold out
Integrated Advisors Network LLC0$00.00%−5,454−100.0%Sold out
Asset Management One Co.,Ltd.0$00.00%−5,441−100.0%Sold out
Sherbrooke Park Advisers LLC0$00.00%−5,331−100.0%Sold out
Franklin Street Advisors Inc0$00.00%−5,241−100.0%Sold out
Jacobi Capital Management LLC0$00.00%−5,196−100.0%Sold out
Institute for Wealth Management, LLC.0$00.00%−5,179−100.0%Sold out
Ethic Inc.0$00.00%−5,117−100.0%Sold out
Cypress Capital Group0$00.00%−5,013−100.0%Sold out
Savant Capital, LLC0$00.00%−4,968−100.0%Sold out
Sendero Wealth Management, LLC0$00.00%−4,866−100.0%Sold out
H&H Retirement Design & Management INC0$00.00%−6,545−100.0%Sold out
Perigon Wealth Management, LLC0$00.00%−4,844−100.0%Sold out
Everence Capital Management Inc0$00.00%−4,800−100.0%Sold out
Northwestern Mutual Investment Management Company, LLC0$00.00%−4,783−100.0%Sold out
Berkshire Asset Management LLC0$00.00%−4,740−100.0%Sold out
Ritter Daniher Financial Advisory LLC0$00.00%−4,723−100.0%Sold out
FourThought Financial Partners, LLC0$00.00%−4,697−100.0%Sold out
ASR Vermogensbeheer N.V.0$00.00%−4,694−100.0%Sold out
Leonard Rickey Investment Advisors P.L.L.C.0$00.00%−4,676−100.0%Sold out
Cresset Asset Management, LLC0$00.00%−4,622−100.0%Sold out
Foundations Investment Advisors, LLC0$00.00%−4,531−100.0%Sold out
CenterStar Asset Management, LLC0$00.00%−4,497−100.0%Sold out
Chicago Capital, LLC0$00.00%−4,491−100.0%Sold out
Ruane, Cunniff & Goldfarb L.P.0$00.00%−4,469−100.0%Sold out
MUFG Securities Americas Inc.0$00.00%−4,047−100.0%Sold out
Harel Insurance Investments & Financial Services Ltd.0$00.00%−3,900−100.0%Sold out
HM Payson & Co0$00.00%−3,800−100.0%Sold out
Arkadios Wealth Advisors0$00.00%−3,276−100.0%Sold out
Ossiam0$00.00%−3,063−100.0%Sold out
MUFG Securities EMEA plc0$00.00%−2,872−100.0%Sold out
Canada Post Corp Registered Pension Plan0$00.00%−2,527−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−2,111−100.0%Sold out
Hilltop National Bank0$00.00%−2,027−100.0%Sold out
Resona Asset Management Co.,Ltd.0$00.00%−1,721−100.0%Sold out
Ameritas Investment Partners, Inc.0$00.00%−1,438−100.0%Sold out
Mather Group, LLC.0$00.00%−1,351−100.0%Sold out
Strengthening Families & Communities, LLC0$00.00%−880−100.0%Sold out
Ci Investments Inc.0$00.00%−870−100.0%Sold out
Quarry LP0$00.00%−669−100.0%Sold out
Sentry Investment Management LLC0$00.00%−419−100.0%Sold out
Salem Investment Counselors Inc0$00.00%−400−100.0%Sold out
Clear Street Markets LLC0$00.00%−260−100.0%Sold out
Thurston, Springer, Miller, Herd & Titak, Inc.0$00.00%−256−100.0%Sold out
Strategic Wealth Partners, Ltd.0$00.00%−222−100.0%Sold out
Foster Dykema Cabot & Partners, LLC0$00.00%−200−100.0%Sold out
Fairscale Capital, LLC0$00.00%−194−100.0%Sold out
Truvestments Capital LLC0$00.00%−187−100.0%Sold out
Ameritas Advisory Services, LLC0$00.00%−182−100.0%Sold out
Rise Advisors, LLC0$00.00%−115−100.0%Sold out
Main Street Group, LTD0$00.00%−109−100.0%Sold out
Whittier Trust Co of Nevada Inc0$00.00%−103−100.0%Sold out
Global X Japan Co., Ltd.0$00.00%−106−100.0%Sold out
Fortitude Family Office, LLC0$00.00%−103−100.0%Sold out