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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
Covestor Ltd2,000$77.0K0.04%+1,663+493.5%Added
Brown Brothers Harriman & Co1,992$77.0K0.00%−581−22.6%Reduced
Bayforest Capital Ltd1,988$76.8K0.06%+1,988New
Smithfield Trust Co1,950$76.0K0.00%−109−5.3%Reduced
Clean Yield Group1,822$70.4K0.02%00.0%Unchanged
United Community Bank1,820$70.3K0.03%−4,605−71.7%Reduced
Tompkins Financial Corp1,750$67.6K0.01%00.0%Unchanged
Danske Bank A/S1,600$61.8K0.00%+1,600New
Eurizon Capital SGR S.p.A.1,437$56.4K0.00%+1,437New
Salomon & Ludwin, LLC1,390$56.0K0.00%+1,238+814.5%Added
Ronald Blue Trust, Inc.1,424$55.0K0.00%+237+20.0%Added
St Germain D J Co Inc1,331$51.4K0.00%00.0%Unchanged
Arcadia Investment Management Corp1,300$50.2K0.01%00.0%Unchanged
Global Retirement Partners, LLC1,260$48.7K0.00%−10,814−89.6%Reduced
SageView Advisory Group, LLC1,232$47.6K0.00%+1,232New
Signaturefd, LLC1,217$47.0K0.00%+690+130.9%Added
Ameriflex Group, Inc.1,213$46.9K0.02%−1,031−45.9%Reduced
National Bank of Canada1,193$46.0K0.00%−36,838−96.9%Reduced
Abound Financial, LLC1,015$39.2K0.02%+1,015New
IFP Advisors, Inc986$38.1K0.00%−1,288−56.6%Reduced
True Wealth Design, LLC907$35.0K0.01%+319+54.3%Added
Center for Financial Planning, Inc.850$32.8K0.00%+150+21.4%Added
Commonwealth Retirement Investments LLC850$32.8K0.01%+850New
Smartleaf Asset Management LLC834$32.8K0.00%−150−15.2%Reduced
Bartlett & Co. Wealth Management LLC845$32.7K0.00%−842−49.9%Reduced
South State Corp.824$31.8K0.00%+26+3.3%Added
North Star Investment Management Corp.813$31.4K0.00%+13+1.6%Added
Los Angeles Capital Management LLC717$30.0K0.00%−56,130−98.7%Reduced
Hollencrest Capital Management752$29.1K0.00%−500−39.9%Reduced
SJS Investment Consulting Inc.726$28.1K0.00%+714+5,950.0%Added
Huntington National Bank690$26.7K0.00%+265+62.4%Added
Bryn Mawr Trust Co675$26.1K0.00%−4,803−87.7%Reduced
Altshuler Shaham Ltd621$24.0K0.00%+621New
Murphy & Mullick Capital Management Corp600$23.2K0.02%+200+50.0%Added
Steigerwald, Gordon & Koch Inc.584$22.6K0.00%+384+192.0%Added
Quadrant Capital Group LLC581$22.4K0.00%−2,098−78.3%Reduced
Harbour Investments, Inc.504$19.5K0.00%+411+441.9%Added
Paradigm Asset Management Co LLC495$19.1K0.00%00.0%Unchanged
Cary Street Partner Investment Advisory LLC487$18.8K0.01%+487New
MAI Capital Management483$18.7K0.00%−193−28.6%Reduced
Massmutual Trust Co FSB439$17.0K0.00%−175,797−99.8%Reduced
Blume Capital Management, Inc.435$16.8K0.00%00.0%Unchanged
Deseret Mutual Benefit Administrators421$16.3K0.01%00.0%Unchanged
Activest Wealth Management420$16.2K0.00%+418+20,900.0%Added
Onefund, LLC419$16.2K0.01%−16−3.7%Reduced
Versant Capital Management, Inc413$16.0K0.00%+390+1,695.7%Added
First Community Trust NA394$15.2K0.01%00.0%Unchanged
Kerr Financial Planning Corp300$13.8K0.02%00.0%Unchanged
Parkside Financial Bank & Trust344$13.3K0.00%−1−0.3%Reduced
Optiver Holding B.V.343$13.3K0.00%+343New
Capital Advisors, Ltd. LLC312$12.0K0.00%−32−9.3%Reduced
Basecamp Wealth Advisors LLC309$11.9K0.00%+309New
Caldwell Trust Co300$11.6K0.00%00.0%Unchanged
Investment Research & Advisory Group, Inc.283$10.9K0.00%−27,885−99.0%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.278$10.9K0.00%−158,910−99.8%Reduced
Fideuram Asset Management (Ireland) dac134$10.5K0.00%+134New
Signature Equity Partners, LLC244$9.43K0.01%+244New
Cheviot Value Management, LLC200$9.39K0.00%−50−20.0%Reduced
Quent Capital, LLC240$9.27K0.00%−158−39.7%Reduced
Concord Wealth Partners223$8.62K0.00%−265−54.3%Reduced
Optima Capital LLC221$8.54K0.00%+221New
Stephens Consulting, LLC210$8.12K0.00%−39−15.7%Reduced
DHJJ Financial Advisors, Ltd.190$7.34K0.00%00.0%Unchanged
MidAtlantic Capital Management, Inc.185$7.15K0.00%+185New
Ancora Advisors, LLC184$7.11K0.00%00.0%Unchanged
Independence Bank of Kentucky181$6.99K0.00%+22+13.8%Added
CoreCap Advisors, LLC181$6.99K0.00%+23+14.6%Added
Storebrand Asset Management AS170$6.57K0.00%−1,077−86.4%Reduced
Global Wealth Strategies & Associates159$6.14K0.00%00.0%Unchanged
NBC Securities, Inc.158$6.11K0.00%−173−52.3%Reduced
Rachor Investment Advisory Services, LLC156$6.03K0.00%+156New
Oakworth Capital, Inc.147$5.68K0.00%+147New
JFS Wealth Advisors, LLC140$5.41K0.00%−18−11.4%Reduced
Larson Financial Group LLC135$5.22K0.00%+121+864.3%Added
Golden State Wealth Management, LLC135$5.22K0.00%+135New
S&T Bank130$5.02K0.00%00.0%Unchanged
High Note Wealth, LLC129$4.99K0.00%+129New
Johnson Financial Group, Inc.113$4.37K0.00%−64−36.2%Reduced
Macquarie Group Ltd110$4.25K0.00%−4,426−97.6%Reduced
Farmers & Merchants Investments Inc109$4.21K0.00%00.0%Unchanged
Tucker Asset Management LLC103$3.98K0.00%+103New
Central Trust Co100$3.86K0.00%−475−82.6%Reduced
Manchester Capital Management LLC98$3.79K0.00%+48+96.0%Added
Private Trust Co NA92$3.56K0.00%−164−64.1%Reduced
Bogart Wealth, LLC91$3.52K0.00%−46−33.6%Reduced
Walleye Capital LLC90$3.48K0.00%−44,657−99.8%Reduced
Bruce G. Allen Investments, LLC86$3.32K0.00%+86New
Elyxium Wealth, LLC76$2.94K0.00%+76New
Grove Bank & Trust61$2.36K0.00%00.0%Unchanged
Root Financial Partners, LLC56$2.16K0.00%−225−80.1%Reduced
SBI Securities Co., Ltd.55$2.13K0.00%−13−19.1%Reduced
McIlrath & Eck, LLC53$2.05K0.00%00.0%Unchanged
Raffa Wealth Management, LLC51$1.97K0.00%+22+75.9%Added
Prestige Wealth Management Group LLC51$1.97K0.00%+34+200.0%Added
Private Wealth Management Group, LLC42$1.62K0.00%−47−52.8%Reduced
Redmont Wealth Advisors LLC40$1.55K0.00%00.0%Unchanged
Nvest Wealth Strategies, Inc.33$1.28K0.00%+33New
Carolina Wealth Advisors, LLC33$1.27K0.00%00.0%Unchanged
Proathlete Wealth Management LLC33$1.27K0.00%+33New
Financial Network Wealth Advisors LLC31$1.20K0.00%00.0%Unchanged