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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
LRI Investments, LLC31$1.20K0.00%00.0%Unchanged
Bell Investment Advisors, Inc29$1.12K0.00%+13+81.3%Added
MV Capital Management, Inc.28$1.08K0.00%−52−65.0%Reduced
Cromwell Holdings LLC28$1.08K0.00%+14+100.0%Added
Cedar Mountain Advisors, LLC27$1.04K0.00%+27New
Ankerstar Wealth, LLC27$1.04K0.00%+27New
Ogorek Anthony Joseph30$1.00K0.00%−29−49.2%Reduced
Avion Wealth28$1.00K0.00%+28New
Creative Financial Designs Inc23$8890.00%+5+27.8%Added
Cornerstone Planning Group LLC18$8450.00%+4+28.6%Added
Addison Advisors LLC20$7730.00%00.0%Unchanged
Zions Bancorporation, National Association15$5800.00%−2,941−99.5%Reduced
Financial Consulate, Inc15$5800.00%−8−34.8%Reduced
Rossby Financial, LCC14$5410.00%+14New
Caitong International Asset Management Co., Ltd13$5020.00%−3,587−99.6%Reduced
UMA Financial Services, Inc.12$4640.00%+12New
Advocate Investing Services LLC12$4640.00%+12New
Three Bearings Fiduciary Advisors, Inc.10$4460.00%+10New
Kayne Anderson Rudnick Investment Management LLC10$3860.00%00.0%Unchanged
Your Advocates Ltd., LLP10$3860.00%00.0%Unchanged
Gen-Wealth Partners Inc10$3860.00%00.0%Unchanged
Bare Financial Services, Inc10$3860.00%+10New
Winnow Wealth LLC9$3510.00%+9New
Abound Wealth Management9$3480.00%+8+800.0%Added
Transamerica Financial Advisors, Inc.8$3090.00%−8−50.0%Reduced
Dunhill Financial, LLC8$3070.00%+5+166.7%Added
TD Private Client Wealth LLC6$2320.00%−120−95.2%Reduced
WPG Advisers, LLC4$1550.00%00.0%Unchanged
SHP Wealth Management3$1260.00%+3New
Private Wealth Asset Management, LLC3$1160.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.2$780.00%−14−87.5%Reduced
Valued Wealth Advisors LLC2$780.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC2$770.00%−3−60.0%Reduced
ROSS\JOHNSON & Associates LLC2$770.00%+2New
Keating Financial Advisory Services, Inc.2$770.00%+2New
DecisionPoint Financial, LLC1$390.00%00.0%Unchanged
Hughes Financial Services, LLC1$390.00%+1New
Fiduciary Management Inc0$00.00%−3,249,561−100.0%Sold out
Turtle Creek Asset Management Inc.0$00.00%−2,707,477−100.0%Sold out
Cooke & Bieler LP0$00.00%−2,241,359−100.0%Sold out
Giverny Capital Inc.SuperinvestorGiverny Capital0$00.00%−1,670,114−100.0%Sold out
Kovitz Investment Group Partners, LLC0$00.00%−1,633,409−100.0%Sold out
Wellington Management Group LLP0$00.00%−981,905−100.0%Sold out
Hawk Ridge Capital Management LP0$00.00%−973,980−100.0%Sold out
Weitz Investment Management, Inc.SuperinvestorWeitz Investment Management0$00.00%−649,400−100.0%Sold out
Check Capital Management Inc0$00.00%−600,043−100.0%Sold out
Candriam Luxembourg S.C.A.0$00.00%−494,079−100.0%Sold out
J. Goldman & Co LP0$00.00%−470,457−100.0%Sold out
Schwerin Boyle Capital Management Inc0$00.00%−372,156−100.0%Sold out
Azora Capital LP0$00.00%−364,571−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−342,951−100.0%Sold out
Courant Investment Management LLC0$00.00%−247,520−100.0%Sold out
Squarepoint Ops LLC0$00.00%−231,951−100.0%Sold out
Eldred Rock Partners, LLC0$00.00%−207,986−100.0%Sold out
Fairview Capital Investment Management, LLC0$00.00%−123,887−100.0%Sold out
True North Advisors, LLC0$00.00%−123,742−100.0%Sold out
Marathon Asset Mgmt Ltd0$00.00%−97,155−100.0%Sold out
Gabelli Funds LLC0$00.00%−93,000−100.0%Sold out
Dark Forest Capital Management LP0$00.00%−87,189−100.0%Sold out
Intech Investment Management LLC0$00.00%−86,444−100.0%Sold out
Invenomic Capital Management LP0$00.00%−78,349−100.0%Sold out
Chevy Chase Trust Holdings, Inc.0$00.00%−76,591−100.0%Sold out
TD Asset Management Inc0$00.00%−76,431−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−72,944−100.0%Sold out
APG Asset Management N.V.0$00.00%−85,200−100.0%Sold out
King Luther Capital Management Corp0$00.00%−72,217−100.0%Sold out
Twinbeech Capital LP0$00.00%−70,002−100.0%Sold out
Ascent Group, LLC0$00.00%−57,618−100.0%Sold out
ProShare Advisors LLC0$00.00%−48,766−100.0%Sold out
English Capital Management LLC0$00.00%−43,301−100.0%Sold out
Delta Global Management LP0$00.00%−42,237−100.0%Sold out
Walleye Trading LLC0$00.00%−41,968−100.0%Sold out
Van Eck Associates Corp0$00.00%−41,714−100.0%Sold out
Commerce Bank0$00.00%−41,225−100.0%Sold out
State of Michigan Retirement System0$00.00%−40,548−100.0%Sold out
Czech National Bank0$00.00%−38,116−100.0%Sold out
Gilman Hill Asset Management, LLC0$00.00%−37,643−100.0%Sold out
Jump Financial, LLC0$00.00%−37,501−100.0%Sold out
Patriot Financial Group Insurance Agency, LLC0$00.00%−34,017−100.0%Sold out
Assenagon Asset Management S.A.0$00.00%−33,999−100.0%Sold out
Retirement Systems of Alabama0$00.00%−32,013−100.0%Sold out
UniSuper Management Pty Ltd0$00.00%−31,909−100.0%Sold out
Occudo Quantitative Strategies LP0$00.00%−30,902−100.0%Sold out
Toronto Dominion Bank0$00.00%−30,115−100.0%Sold out
Simplex Trading, LLC0$00.00%−26,706−100.0%Sold out
Greenup Street Wealth Management LLC0$00.00%−25,587−100.0%Sold out
Winton Group Ltd0$00.00%−24,985−100.0%Sold out
Leith Wheeler Investment Counsel Ltd.0$00.00%−23,849−100.0%Sold out
CWA Asset Management Group, LLC0$00.00%−23,781−100.0%Sold out
Vinva Investment Management Ltd0$00.00%−15,167−100.0%Sold out
Triangle Securities Wealth Management0$00.00%−21,213−100.0%Sold out
Mirae Asset Global Investments Co., Ltd.0$00.00%−21,082−100.0%Sold out
Oddo BHF Asset Management SAS0$00.00%−21,035−100.0%Sold out
Hussman Strategic Advisors, Inc.0$00.00%−21,000−100.0%Sold out
Credit Agricole S A0$00.00%−19,697−100.0%Sold out
ClearAlpha Technologies LP0$00.00%−19,135−100.0%Sold out
Pacer Advisors, Inc.0$00.00%−18,847−100.0%Sold out
Scientech Research LLC0$00.00%−17,686−100.0%Sold out
Raiffeisen Bank International AG0$00.00%−17,636−100.0%Sold out
Bridges Investment Management Inc0$00.00%−17,262−100.0%Sold out