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 |
|---|---|---|---|---|---|
| Stifel Financial Corp | 136,726 | $5.28M | 0.00% | +2,765+2.1% | Added |
| Markel Group Inc.SuperinvestorMarkel Group | 136,500 | $5.27M | 0.04% | 00.0% | Unchanged |
| CWM, LLC | 130,757 | $5.05M | 0.01% | +36,094+38.1% | Added |
| Great West Life Assurance Co | 129,867 | $5.01M | 0.01% | +72,917+128.0% | Added |
| Needham Investment Management LLC | 129,500 | $5.00M | 0.32% | 00.0% | Unchanged |
| State Board of Administration of Florida Retirement System | 127,887 | $4.94M | 0.01% | −2,980−2.3% | Reduced |
| Biglari Capital Corp. | 125,420 | $4.85M | 0.52% | 00.0% | Unchanged |
| Thrivent Financial for Lutherans | 124,515 | $4.81M | 0.01% | +113,771+1,058.9% | Added |
| JPMorgan Chase & Co | 122,293 | $4.73M | 0.00% | −193,012−61.2% | Reduced |
| Bessemer Group Inc | 121,910 | $4.71M | 0.01% | +114,330+1,508.3% | Added |
| Kinsale Capital Group, Inc. | 121,143 | $4.68M | 0.78% | +121,143 | New |
| Qube Research & Technologies Ltd | 119,760 | $4.63M | 0.01% | −1,516,604−92.7% | Reduced |
| Weiss Asset Management LP | 119,130 | $4.60M | 0.07% | +119,130 | New |
| Algert Global LLC | 116,510 | $4.50M | 0.07% | −31,730−21.4% | Reduced |
| Alberta Investment Management Corp | 111,950 | $4.33M | 0.03% | +111,950 | New |
| Kirr Marbach & Co LLC | 111,659 | $4.31M | 0.82% | −26,013−18.9% | Reduced |
| Hillman Capital Management, Inc. | 111,088 | $4.29M | 2.70% | +19,599+21.4% | Added |
| Pensionmark Financial Group, LLC | 111,013 | $4.29M | 0.07% | +1,643+1.5% | Added |
| Price T Rowe Associates Inc | 110,696 | $4.28M | 0.00% | −107,154−49.2% | Reduced |
| First Manhattan Co | 106,467 | $4.11M | 0.01% | −48,567−31.3% | Reduced |
| Voya Investment Management LLC | 100,120 | $3.87M | 0.00% | −4,185−4.0% | Reduced |
| Blair William & Co | 99,251 | $3.84M | 0.01% | −210,346−67.9% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 95,674 | $3.79M | 0.01% | +18,585+24.1% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 96,120 | $3.71M | 0.01% | +70,785+279.4% | Added |
| State of Alaska, Department of Revenue | 94,966 | $3.67M | 0.04% | +58,879+163.2% | Added |
| Quadrature Capital Ltd | 93,780 | $3.62M | 0.04% | +93,780 | New |
| Wealth Enhancement Advisory Services, LLC | 88,001 | $3.61M | 0.00% | +46,450+111.8% | Added |
| Steward Partners Investment Advisory, LLC | 93,004 | $3.59M | 0.02% | −1,715−1.8% | Reduced |
| ProVise Management Group, LLC | 87,928 | $3.40M | 0.24% | −9,164−9.4% | Reduced |
| Farley Capital L.P. | 84,909 | $3.28M | 2.44% | +12,415+17.1% | Added |
| Ruffer LLP | 82,204 | $3.18M | 0.14% | +82,204 | New |
| Asset Management Advisors, LLC | 81,749 | $3.16M | 1.91% | +36,195+79.5% | Added |
| Susquehanna International Group, LLP | 81,656 | $3.16M | 0.00% | −248,336−75.3% | Reduced |
| Alliancebernstein L.P. | 80,812 | $3.12M | 0.00% | −74,584−48.0% | Reduced |
| Qsemble Capital Management, LP | 80,774 | $3.12M | 0.26% | +80,774 | New |
| Illinois Municipal Retirement Fund | 76,382 | $2.95M | 0.04% | +76,382 | New |
| Nisa Investment Advisors, LLC | 74,550 | $2.88M | 0.01% | −2,919−3.8% | Reduced |
| IMC-Chicago, LLC | 72,967 | $2.82M | 0.05% | −79,360−52.1% | Reduced |
| State of Wisconsin Investment Board | 71,088 | $2.75M | 0.01% | −133,133−65.2% | Reduced |
| Worldquant Millennium Advisors LLC | 70,462 | $2.72M | 0.01% | +70,462 | New |
| London Co of Virginia | 70,360 | $2.72M | 0.02% | −81,583−53.7% | Reduced |
| Louisiana State Employees Retirement System | 67,300 | $2.60M | 0.04% | +59,400+751.9% | Added |
| Man Group plc | 67,235 | $2.60M | 0.00% | +67,235 | New |
| New York State Common Retirement Fund | 66,420 | $2.57M | 0.00% | −4,500−6.3% | Reduced |
| Woodline Partners LP | 66,386 | $2.57M | 0.01% | +66,386 | New |
| Principal Securities, Inc. | 65,892 | $2.55M | 0.04% | −7,788−10.6% | Reduced |
| Truist Financial Corp | 64,644 | $2.50M | 0.00% | −11,066−14.6% | Reduced |
| Bridgewater Associates, LP | 64,610 | $2.50M | 0.01% | +64,610 | New |
| State of New Jersey Common Pension Fund D | 64,499 | $2.49M | 0.01% | +12,114+23.1% | Added |
| Inkwell Capital LLC | 64,085 | $2.48M | 2.52% | −430−0.7% | Reduced |
| Creative Planning | 63,833 | $2.47M | 0.00% | +30,321+90.5% | Added |
| Police & Firemen's Retirement System of New Jersey | 62,872 | $2.43M | 0.02% | −3,803−5.7% | Reduced |
| Mercer Global Advisors Inc | 62,338 | $2.41M | 0.00% | +30,218+94.1% | Added |
| Treasurer of the State of North Carolina | 61,427 | $2.37M | 0.01% | −5,940−8.8% | Reduced |
| DekaBank Deutsche Girozentrale | 31,245 | $2.37M | 0.00% | 00.0% | Unchanged |
| Y-Intercept (Hong Kong) Ltd | 58,182 | $2.25M | 0.05% | +58,182 | New |
| Lighthouse Investment Partners, LLC | 57,628 | $2.23M | 0.07% | +37,904+192.2% | Added |
| Entropy Technologies, LP | 57,566 | $2.22M | 0.12% | +57,566 | New |
| Marshall Wace, LLP | 57,434 | $2.22M | 0.00% | −305,420−84.2% | Reduced |
| Prelude Capital Management, LLC | 56,555 | $2.19M | 0.16% | +56,555 | New |
| CI Private Wealth, LLC | 55,162 | $2.13M | 0.00% | −978,077−94.7% | Reduced |
| Verition Fund Management LLC | 53,489 | $2.07M | 0.01% | −106,153−66.5% | Reduced |
| Redmond Asset Management, LLC | 53,081 | $2.05M | 0.52% | +938+1.8% | Added |
| Yousif Capital Management, LLC | 43,028 | $2.04M | 0.02% | +22,970+114.5% | Added |
| State of Tennessee, Treasury Department | 44,802 | $2.00M | 0.01% | −3,983−8.2% | Reduced |
| RBF Capital, LLC | 50,000 | $1.93M | 0.09% | +50,000 | New |
| We Are One Seven, LLC | 49,212 | $1.90M | 0.04% | +38,583+363.0% | Added |
| Amundi | 47,916 | $1.85M | 0.00% | −40,552−45.8% | Reduced |
| Amalgamated Bank | 47,465 | $1.83M | 0.01% | +19,011+66.8% | Added |
| MMCAP International Inc. SPC | 47,257 | $1.83M | 0.18% | −9,513−16.8% | Reduced |
| HF Advisory Group, LLC | 46,092 | $1.78M | 0.62% | +9,784+26.9% | Added |
| Pathstone Holdings, LLC | 45,491 | $1.76M | 0.01% | +16,591+57.4% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 45,457 | $1.76M | 0.00% | −13,504−22.9% | Reduced |
| FORA Capital, LLC | 47,868 | $1.73M | 0.21% | +47,868 | New |
| Alpha Omega Wealth Management LLC | 44,172 | $1.71M | 0.28% | −18,038−29.0% | Reduced |
| Public Employees Retirement System of Ohio | 44,131 | $1.71M | 0.01% | −2,681−5.7% | Reduced |
| GWM Advisors LLC | 42,680 | $1.65M | 0.01% | −14,218−25.0% | Reduced |
| Comerica Bank | 42,629 | $1.65M | 0.01% | +20,407+91.8% | Added |
| Greenline Partners, LLC | 42,478 | $1.64M | 0.19% | +42,478 | New |
| Midway Capital Research & Management | 42,051 | $1.62M | 1.58% | +42,051 | New |
| Biglari, Sardar | 41,100 | $1.59M | 3.28% | 00.0% | Unchanged |
| Prescott Group Capital Management, L.L.C. | 41,000 | $1.58M | 0.15% | 00.0% | Unchanged |
| Arizona State Retirement System | 40,832 | $1.58M | 0.01% | −3,577−8.1% | Reduced |
| Handelsbanken Fonder AB | 40,300 | $1.56M | 0.00% | 00.0% | Unchanged |
| Summit Trail Advisors, LLC | 37,842 | $1.46M | 0.03% | −8,676−18.7% | Reduced |
| Avenir Corp | 37,701 | $1.46M | 0.16% | −181,138−82.8% | Reduced |
| Numerai GP LLC | 37,573 | $1.45M | 0.18% | −8,629−18.7% | Reduced |
| Teachers Retirement System of the State of Kentucky | 37,130 | $1.43M | 0.01% | +25,000+206.1% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 36,354 | $1.40M | 0.01% | +316+0.9% | Added |
| Jones Financial Companies LLLP | 36,100 | $1.39M | 0.00% | +12,738+54.5% | Added |
| B. Metzler seel. Sohn & Co. AG | 36,090 | $1.39M | 0.01% | +5,276+17.1% | Added |
| The PNC Financial Services Group, Inc. | 35,359 | $1.37M | 0.00% | −9,089−20.4% | Reduced |
| Elevated Private Wealth, LLC | 35,213 | $1.36M | 1.42% | +35,213 | New |
| Caxton Associates LLP | 34,438 | $1.33M | 0.03% | +29,060+540.3% | Added |
| Captrust Financial Advisors | 34,393 | $1.33M | 0.00% | −36,865−51.7% | Reduced |
| Atria Investments LLC | 33,787 | $1.31M | 0.01% | −8,242−19.6% | Reduced |
| Oregon Public Employees Retirement Fund | 33,600 | $1.30M | 0.02% | +16,380+95.1% | Added |
| Brown Advisory Inc | 33,343 | $1.29M | 0.00% | −68,765−67.3% | Reduced |
| Jefferies Financial Group Inc. | 33,311 | $1.29M | 0.01% | −13,668−29.1% | Reduced |
| Voya Financial Advisors, Inc. | 32,368 | $1.27M | 0.12% | −517−1.6% | Reduced |