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 |
|---|---|---|---|---|---|
| PDT Partners, LLC | 32,785 | $1.27M | 0.08% | +27,468+516.6% | Added |
| United Capital Financial Advisers, LLC | 32,357 | $1.25M | 0.01% | −9,129−22.0% | Reduced |
| Vision Capital Management, Inc. | 31,644 | $1.22M | 0.15% | +4,952+18.6% | Added |
| KLP Kapitalforvaltning AS | 31,300 | $1.21M | 0.00% | 00.0% | Unchanged |
| RMB Capital Management, LLC | 31,096 | $1.20M | 0.02% | +31,096 | New |
| Argent Trust Co | 30,253 | $1.17M | 0.04% | −2,650−8.1% | Reduced |
| Lakewood Asset Management LLC | 30,189 | $1.17M | 0.69% | +282+0.9% | Added |
| Atlantic Union Bankshares Corp | 30,156 | $1.17M | 0.02% | +3,000+11.0% | Added |
| Cambridge Investment Research Advisors, Inc. | 29,810 | $1.15M | 0.00% | −18,676−38.5% | Reduced |
| Blackhawk Capital Partners LLC. | 29,549 | $1.14M | 0.43% | +29,549 | New |
| Heartland Advisors Inc | 29,485 | $1.14M | 0.06% | −17,821−37.7% | Reduced |
| Maryland State Retirement & Pension System | 28,705 | $1.11M | 0.02% | +21,473+296.9% | Added |
| Unique Wealth Strategies, LLC | 28,523 | $1.10M | 0.43% | +2,703+10.5% | Added |
| Natixis Advisors, L.P. | 27,293 | $1.05M | 0.00% | +15,506+131.6% | Added |
| HSBC Holdings PLC | 26,848 | $1.05M | 0.00% | −289,001−91.5% | Reduced |
| PEAK6 LLC | 26,988 | $1.04M | 0.03% | −57,277−68.0% | Reduced |
| Spears Abacus Advisors LLC | 26,936 | $1.04M | 0.02% | −16,825−38.4% | Reduced |
| CIBC World Markets Inc. | 26,403 | $1.02M | 0.00% | +14,059+113.9% | Added |
| Schonfeld Strategic Advisors LLC | 26,388 | $1.02M | 0.01% | −17,912−40.4% | Reduced |
| Sompo Asset Management Co., Ltd. | 26,145 | $1.01M | 0.17% | −570−2.1% | Reduced |
| Crux Wealth Advisors | 25,188 | $973.2K | 0.36% | +67+0.3% | Added |
| Twin City Private Wealth, LLC | 25,045 | $967.7K | 0.73% | +147+0.6% | Added |
| Freestone Capital Holdings, LLC | 25,040 | $967.5K | 0.03% | +25,040 | New |
| Utah Retirement Systems | 24,585 | $950.0K | 0.01% | −281−1.1% | Reduced |
| Buckingham Strategic Partners | 24,036 | $928.8K | 0.01% | +8,651+56.2% | Added |
| Long Road Investment Counsel, LLC | 23,980 | $926.6K | 0.35% | −2,300−8.8% | Reduced |
| OP Asset Management Ltd | 23,971 | $926.2K | 0.01% | +8,301+53.0% | Added |
| Marathon Trading Investment Management LLC | 23,627 | $912.9K | 0.11% | +23,627 | New |
| Quantbot Technologies LP | 23,423 | $905.1K | 0.03% | +13,225+129.7% | Added |
| Commonwealth Equity Services, LLC | 23,403 | $904.3K | 0.00% | +206+0.9% | Added |
| Victory Capital Management Inc | 23,260 | $898.8K | 0.00% | −12,651−35.2% | Reduced |
| Havemeyer Place LP | 23,246 | $898.2K | 0.18% | +23,246 | New |
| Quinn Opportunity Partners LLC | 23,000 | $888.7K | 0.04% | +23,000 | New |
| Pallas Capital Advisors LLC | 22,903 | $885.0K | 0.03% | +17,044+290.9% | Added |
| Toroso Investments, LLC | 22,871 | $883.7K | 0.00% | −10,304−31.1% | Reduced |
| Jain Global LLC | 22,714 | $877.7K | 0.01% | −112,897−83.3% | Reduced |
| Pictet Asset Management Holding SA | 22,702 | $877.2K | 0.00% | −5,455−19.4% | Reduced |
| Sivia Capital Partners, LLC | 22,520 | $870.2K | 0.18% | +22,520 | New |
| Meriwether Wealth & Planning, LLC | 22,295 | $861.5K | 0.49% | +8,301+59.3% | Added |
| XTX Topco Ltd | 22,043 | $851.7K | 0.02% | −33,913−60.6% | Reduced |
| FSB Premier Wealth Management, Inc. | 22,037 | $851.5K | 0.27% | −1,461−6.2% | Reduced |
| Krilogy Financial LLC | 18,669 | $842.7K | 0.03% | +6,972+59.6% | Added |
| Penserra Capital Management LLC | 21,680 | $837.0K | 0.01% | +9,126+72.7% | Added |
| Brinker Capital Investments, LLC | 21,621 | $835.4K | 0.01% | −1,241−5.4% | Reduced |
| Premier Path Wealth Partners, LLC | 21,514 | $831.3K | 0.11% | +612+2.9% | Added |
| Guggenheim Capital LLC | 21,489 | $830.3K | 0.01% | −7,847−26.7% | Reduced |
| Deutsche Bank AG | 20,532 | $793.4K | 0.00% | −362,997−94.6% | Reduced |
| M&T Bank Corp | 20,343 | $785.9K | 0.00% | +13,905+216.0% | Added |
| Geneos Wealth Management Inc. | 19,881 | $768.2K | 0.02% | +1,016+5.4% | Added |
| Russell Investments Group, Ltd. | 18,808 | $726.8K | 0.00% | −35,076−65.1% | Reduced |
| Rockbridge Capital Management LLC | 18,806 | $726.7K | 0.44% | +18,806 | New |
| Fox Run Management, L.L.C. | 18,521 | $715.7K | 0.11% | +3,571+23.9% | Added |
| Group One Trading, L.P. | 18,496 | $714.7K | 0.02% | −19,524−51.4% | Reduced |
| Evolve Private Wealth, LLC | 18,490 | $714.5K | 0.04% | +18,490 | New |
| CIBC Private Wealth Group, LLC | 17,971 | $694.4K | 0.00% | −4,599−20.4% | Reduced |
| Teacher Retirement System of Texas | 17,370 | $671.2K | 0.00% | −23,726−57.7% | Reduced |
| Quantitative Investment Management, LLC | 17,391 | $671.0K | 0.07% | +17,391 | New |
| Merit Financial Group, LLC | 17,091 | $660.4K | 0.01% | +3,744+28.1% | Added |
| Logan Capital Management Inc | 16,915 | $653.6K | 0.03% | −1,425−7.8% | Reduced |
| Maia Wealth LLC | 15,899 | $651.2K | 0.11% | −3,204−16.8% | Reduced |
| Mutual of America Capital Management LLC | 16,783 | $648.5K | 0.01% | +519+3.2% | Added |
| GeoWealth Management, LLC | 16,414 | $634.2K | 0.02% | −6,272−27.6% | Reduced |
| Birch Hill Investment Advisors LLC | 16,300 | $629.8K | 0.03% | −19,937−55.0% | Reduced |
| Warren Averett Asset Management, LLC | 16,290 | $629.4K | 0.01% | −477−2.8% | Reduced |
| Neuberger Berman Group LLC | 16,168 | $624.7K | 0.00% | −50,162−75.6% | Reduced |
| Cape Investment Advisory, Inc. | 15,588 | $602.3K | 0.19% | −381−2.4% | Reduced |
| Janney Montgomery Scott LLC | 15,425 | $596.0K | 0.00% | −15,257−49.7% | Reduced |
| Profund Advisors LLC | 15,110 | $583.9K | 0.02% | +15,110 | New |
| JustInvest LLC | 15,016 | $580.2K | 0.01% | +6,810+83.0% | Added |
| Centaurus Financial, Inc. | 14,754 | $570.0K | 0.03% | −3,430−18.9% | Reduced |
| CIBC Asset Management Inc | 14,643 | $565.8K | 0.00% | −4,975−25.4% | Reduced |
| SPWM Advisors LLC | 14,393 | $556.1K | 0.53% | +14,393 | New |
| Regions Financial Corp | 13,865 | $535.7K | 0.00% | −16,288−54.0% | Reduced |
| Federation des caisses Desjardins du Quebec | 13,628 | $526.6K | 0.00% | +1,520+12.6% | Added |
| Cynosure Management, LLC | 13,313 | $514.4K | 0.05% | +13,313 | New |
| Auxano Advisors, LLC | 13,249 | $511.9K | 0.10% | −1,007−7.1% | Reduced |
| New York Life Investment Management LLC | 13,150 | $508.1K | 0.00% | −21,966−62.6% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 13,124 | $507.1K | 0.00% | +13,124 | New |
| Bank of Montreal | 13,007 | $502.6K | 0.00% | −155,117−92.3% | Reduced |
| Chicago Partners Investment Group LLC | 10,843 | $501.9K | 0.01% | +5,228+93.1% | Added |
| Daiwa Securities Group Inc. | 12,878 | $498.0K | 0.00% | −11,252−46.6% | Reduced |
| Wellington Shields & Co., LLC | 12,788 | $494.1K | 0.12% | +151+1.2% | Added |
| D.A. Davidson & Co. | 12,696 | $490.6K | 0.00% | −310−2.4% | Reduced |
| Crossmark Global Holdings, Inc. | 12,635 | $488.2K | 0.01% | +672+5.6% | Added |
| Integrated Wealth Concepts LLC | 12,567 | $485.6K | 0.01% | +1,209+10.6% | Added |
| Harvey Investment Co LLC | 12,550 | $485.0K | 0.05% | −28,200−69.2% | Reduced |
| AdvisorShares Investments LLC | 12,400 | $479.1K | 0.08% | +12,400 | New |
| Elgethun Capital Management | 12,125 | $468.5K | 0.08% | +12,125 | New |
| Borer Denton & Associates, Inc. | 11,784 | $455.3K | 0.15% | −8,253−41.2% | Reduced |
| Keystone Financial Services | 11,548 | $446.2K | 0.13% | −1,703−12.9% | Reduced |
| Intrinsic Value Partners, LLC | 11,271 | $435.5K | 0.33% | −5,464−32.7% | Reduced |
| Public Employees Retirement Association of Colorado | 11,188 | $432.0K | 0.00% | 00.0% | Unchanged |
| Aster Capital Management (DIFC) Ltd | 11,170 | $431.6K | 0.19% | +2,191+24.4% | Added |
| Evergreen Capital Management LLC | 11,103 | $429.0K | 0.01% | +6,381+135.1% | Added |
| TD Waterhouse Canada Inc. | 11,003 | $424.7K | 0.00% | +1,171+11.9% | Added |
| Franklin Resources Inc | 10,898 | $421.1K | 0.00% | −1,524−12.3% | Reduced |
| Bamco Inc | 10,875 | $420.2K | 0.00% | 00.0% | Unchanged |
| NorthCrest Asset Manangement, LLC | 10,357 | $417.6K | 0.01% | +2,498+31.8% | Added |
| Oregon Pacific Wealth Management, LLC | 10,750 | $415.4K | 0.43% | +2,708+33.7% | Added |
| Aviso Financial Inc. | 10,599 | $409.5K | 0.02% | +123+1.2% | Added |