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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
Atlantic Trust, LLC0$00.00%−72−100.0%Sold out
GW&K Investment Management, LLC0$00.00%−68−100.0%Sold out
Plato Investment Management Ltd0$00.00%−57−100.0%Sold out
Key Financial Inc0$00.00%−41−100.0%Sold out
Howard Hughes Medical Institute0$00.00%−33−100.0%Sold out
Spire Wealth Management0$00.00%−25−100.0%Sold out
Kilter Group LLC0$00.00%−25−100.0%Sold out
Sachetta, LLC0$00.00%−22−100.0%Sold out
Rialto Wealth Management, LLC0$00.00%−21−100.0%Sold out
Westfuller Advisors, LLC0$00.00%−21−100.0%Sold out
Aspect Partners, LLC0$00.00%−20−100.0%Sold out
ORG Partners LLC0$00.00%−11−100.0%Sold out
1620 Investment Advisors, Inc.0$00.00%−10−100.0%Sold out
HFM Investment Advisors, LLC0$00.00%−8−100.0%Sold out
Colonial Trust Co0$00.00%−5−100.0%Sold out
WestEnd Advisors, LLC0$00.00%−3−100.0%Sold out
American Capital Advisory, LLC0$00.00%−3−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−2−100.0%Sold out
GPS Wealth Strategies Group, LLC0$00.00%−1−100.0%Sold out
SOA Wealth Advisors, LLC.0$00.00%−1−100.0%Sold out
North Capital, Inc.0$00.00%−1−100.0%Sold out
Harvest Fund Management Co., Ltd0$00.00%−1−100.0%Sold out
Cloud Capital Management, LLC0$00.00%−12−100.0%Sold out
Rakuten Investment Management, Inc.0$00.00%−28,181−100.0%Sold out
Pinebridge Investments, L.P.––––Not filed
Burgundy Asset Management Ltd.––––Not filed
Synovus Financial Corp––––Not filed
Bard Financial Services, Inc.––––Not filed
CIBC Bancorp USA Inc.––––Not filed
Glenmede Investment Management, LP––––Not filed
Hemington Wealth Management––––Not filed