CARMAX INC KMX
COM · Common Stock · CUSIP 143130102 · ISIN US1431301027
US-based used car retailer
- SectorConsumer discretionary
- IndustryRetail-Auto Dealers & Gasoline Stations
- HeadquartersRichmond, VA
- Founded1993
- Websitecarmax.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($17.6m this quarter). Holder counts are more reliable. Shares outstanding: 141.9m as of 2026-06-22, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $52.86. Options: 21 managers hold calls ($179.2m notional), 24 hold puts ($166.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 640 |
| Q4 2022 | 658 |
| Q1 2023 | 673 |
| Q2 2023 | 705 |
| Q3 2023 | 683 |
| Q4 2023 | 707 |
| Q1 2024 | 716 |
| Q2 2024 | 707 |
| Q3 2024 | 743 |
| Q4 2024 | 749 |
| Q1 2025 | 754 |
| Q2 2025 | 732 |
| Q3 2025 | 622 |
| Q4 2025 | 537 |
| Q1 2026 | 550 |
| Q2 2026 | 554 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 320 | 334 |
| Q4 2024 | 311 | 359 |
| Q1 2025 | 340 | 360 |
| Q2 2025 | 357 | 396 |
| Q3 2025 | 291 | 413 |
| Q4 2025 | 250 | 397 |
| Q1 2026 | 270 | 272 |
| Q2 2026 | 219 | 335 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $187.0m | $189.4m | 1.01 |
| Q4 2025 | $187.6m | $139.9m | 0.75 |
| Q1 2026 | $141.2m | $166.8m | 1.18 |
| Q2 2026 | $179.2m | $166.8m | 0.93 |
Biggest buyers
| HAWK RIDGE CAPITAL MANAGEMENT LP | New | +2.8m |
| CANADA PENSION PLAN INVESTMENT BOARD | Added | +1.9m |
| AMERICAN CENTURY COMPANIES INC | Added | +1.9m |
| Slate Path Capital LP | New | +1.8m |
| Alyeska Investment Group, L.P. | New | +958.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +699.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +583.5k |
| JANE STREET GROUP, LLC | Added | +511.4k |
| TWO SIGMA INVESTMENTS, LP | Added | +484.9k |
| Balyasny Asset Management L.P. | New | +424.0k |
Biggest sellers
| AQR CAPITAL MANAGEMENT LLC | Reduced | -3.4m |
| Starboard Value LP | Reduced | -3.0m |
| Apollo Management Holdings, L.P. | Reduced | -2.2m |
| Vulcan Value Partners, LLC | Reduced | -1.3m |
| Pacer Advisors, Inc. | Sold out | -1.2m |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Reduced | -841.7k |
| Gotham Asset Management, LLC | Reduced | -766.4k |
| UBS Group AG | Reduced | -747.6k |
| BANK OF AMERICA CORP /DE/ | Reduced | -642.3k |
| Focus Partners Wealth | Reduced | -476.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $43.0m812.1k shares |
| CITADEL ADVISORS LLC | Reduced | $24.5m463.8k shares |
| Walleye Trading LLC | Added | $23.5m444.2k shares |
| IMC-Chicago, LLC | Reduced | $21.9m414.0k shares |
| JANE STREET GROUP, LLC | Added | $21.5m407.4k shares |
| Point72 Asset Management, L.P. | Added | $9.3m176.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $9.1m171.8k shares |
| GROUP ONE TRADING LLC | Added | $8.1m153.8k shares |
| D. E. Shaw & Co., Inc. | Added | $2.9m54.5k shares |
| Squarepoint Ops LLC | Reduced | $2.9m54.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $43.1m815.7k shares |
| UBS Group AG | Unchanged | $37.8m715.0k shares |
| IMC-Chicago, LLC | Added | $17.6m332.7k shares |
| CITADEL ADVISORS LLC | Reduced | $14.7m277.6k shares |
| Point72 Asset Management, L.P. | Added | $10.6m201.2k shares |
| JANE STREET GROUP, LLC | Added | $6.2m118.1k shares |
| D. E. Shaw & Co., Inc. | Reduced | $5.4m102.5k shares |
| LMR Partners LLP | Unchanged | $5.3m100.0k shares |
| Walleye Trading LLC | Added | $4.7m89.2k shares |
| GROUP ONE TRADING LLC | Reduced | $3.8m72.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +4.9 pts · filed 2025-11-06 | 11.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: AQR CAPITAL MANAGEMENT LLC (4.7%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $14.9m | — |
| Q1 2025 | 0 | — | 5 | $7.6m | — |
| Q2 2025 | 1 | $85.1k | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $108.8k | — |
| Q4 2025 | 2 | $590.9k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 5 | $1.3m | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-06-25 | Chawla Sona Director | Bought | $106.8k2.0k shares |
| 2026-06-25 | Shinder Marcella Director | Bought | $29.9k574 shares |
| 2026-06-24 | ONeil Mark F Director | Bought | $251.3k4.8k shares |
| 2026-06-24 | ONeil Mark F Director | Bought | $251.3k4.8k shares |
| 2026-06-22 | Barr Keith President and CEO, director | Bought | $498.3k9.4k shares |
| 2026-06-22 | Bensen Peter J Director | Bought | $130.5k2.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 17.1m $904.0m | Reduced -165.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 7.3m $385.4m | Added +10.2k |
| AQR CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 6.6m $349.0m | Reduced -3.4m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 6.4m $339.6m | Added +33.4k |
| SRS Investment Management, LLC 2.93% of their portfolio | 5.9m $313.3m | Added +271.2k |
| TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio | 5.8m $308.5m | Added +484.9k |
| STATE STREET CORP 0.01% of their portfolio | 5.2m $272.7m | Added +271.2k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 5.0m $263.1m | Added +699.1k |
| Jupiter Topco LLC 0.10% of their portfolio | 4.6m $245.7m | First filing |
| PRIMECAP MANAGEMENT CO/CA/ 0.14% of their portfolio | 4.4m $230.5m | Added +870 |
| D. E. Shaw & Co., Inc. 0.11% of their portfolio | 3.3m $173.5m | Added +359.7k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 3.3m $171.9m | Added +1.9m |
| Baird Financial Group, Inc. 0.23% of their portfolio | 3.2m $169.6m | Added +138.7k |
| Starboard Value LP 3.75% of their portfolio | 3.2m $169.6m | Reduced -3.0m |
| First Pacific Advisors, LP 1.97% of their portfolio | 3.0m $159.1m | Added +26.9k |
| HAWK RIDGE CAPITAL MANAGEMENT LP 4.81% of their portfolio | 2.8m $149.9m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.6m $135.6m | Added +9.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio | 2.4m $128.0m | Added +21.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 2.2m $115.5m | Added +1.9m |
| MORGAN STANLEY 0.01% of their portfolio | 2.2m $115.1m | Reduced -358.3k |
| Apollo Management Holdings, L.P. 1.48% of their portfolio | 2.0m $105.1m | Reduced -2.2m |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.9m $100.4m | Added +583.5k |
| Slate Path Capital LP 1.34% of their portfolio | 1.8m $96.7m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.6m $86.4m | Added +33.0k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 0.69% of their portfolio | 1.6m $86.2m | Reduced -841.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.5m $79.9m | Added +76.2k |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $59.9m | Added +80.5k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.1m $59.7m | Added +40.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.0m $55.3m | Reduced -642.3k |
| Focus Partners Wealth 0.06% of their portfolio | 1.0m $53.8m | Reduced -476.3k |
| Woodline Partners LP 0.16% of their portfolio | 1.0m $53.2m | Added +240.7k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 969.1k $51.3m | Added +511.4k |
| Alyeska Investment Group, L.P. 0.13% of their portfolio | 958.0k $50.7m | New |
| Rings Capital Management LLC 25.54% of their portfolio | 949.0k $50.2m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 932.8k $49.3m | Added +15.0k |
| Silver Heights Capital Management Inc 14.90% of their portfolio | 913.0k $48.3m | Reduced -4.7k |
| Vulcan Value Partners, LLC 1.47% of their portfolio | 912.6k $48.3m | Reduced -1.3m |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 899.0k $47.5m | Added +17.3k |
| UBS Group AG 0.01% of their portfolio | 866.7k $45.8m | Reduced -747.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 864.4k $45.7m | Reduced -380.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 807.1k $42.7m | Reduced -10.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 684.4k $36.2m | Reduced -2.6k |
| NORGES BANK 0.00% of their portfolio | 665.7k $35.2m | Not comparable |
| Holocene Advisors, LP 0.08% of their portfolio | 664.1k $35.1m | Reduced -162.1k |
| Framtiden Holdings Management Co LLC 20.83% of their portfolio | 610.0k $34.4m | Added +70.0k |
| Mount Capital Ltd 11.67% of their portfolio | 584.8k $30.9m | Added +174.4k |
| Nuveen, LLC 0.01% of their portfolio | 550.5k $29.1m | Added +267.1k |
| Public Sector Pension Investment Board 0.07% of their portfolio | 487.6k $25.8m | Reduced -19.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 468.7k $24.8m | Added +33.9k |
| Nexus Investment Management ULC 3.17% of their portfolio | 459.3k $24.3m | Reduced -5.5k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 424.0k $22.4m | New |
| Kiltearn Partners LLP 5.22% of their portfolio | 406.5k $21.5m | Added +11.8k |
| Welch & Forbes LLC 0.25% of their portfolio | 387.2k $20.5m | Reduced -39.6k |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 2.43% of their portfolio | 386.3k $20.4m | Reduced -60.6k |
| Endure Capital Management, LLC 13.17% of their portfolio | 383.3k $20.3m | Added +17.8k |
| Legal & General Group Plc 0.00% of their portfolio | 354.5k $18.7m | Reduced -5.0k |
| ARIEL INVESTMENTS, LLC 0.18% of their portfolio | 346.5k $18.3m | Reduced -215.4k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 340.4k $18.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 329.2k $17.4m | Reduced -268.1k |
| GAGNON SECURITIES LLC 3.32% of their portfolio | 325.4k $17.2m | Added +15.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 319.1k $16.9m | Reduced -58.4k |
| IEQ CAPITAL, LLC 0.08% of their portfolio | 310.6k $16.4m | Reduced -310.7k |
| CLIFFORD SWAN INVESTMENT COUNSEL LLC 0.52% of their portfolio | 308.1k $16.3m | Reduced -16.0k |
| Squarepoint Ops LLC 0.03% of their portfolio | 305.4k $16.2m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 290.2k $15.8m | Added +102.0k |
| Broad Run Investment Management, LLC 2.31% of their portfolio | 283.2k $15.0m | Reduced -1.2k |
| Swiss National Bank 0.01% of their portfolio | 270.3k $14.3m | Reduced -10.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 270.3k $14.3m | Reduced -167.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 269.9k $14.3m | Reduced -180.6k |
| Mariner, LLC 0.01% of their portfolio | 259.1k $13.7m | Reduced -97.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 244.9k $13.0m | Reduced -46.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.09% of their portfolio | 236.1k $12.5m | Added +210.2k |
| Cerity Partners LLC 0.01% of their portfolio | 232.9k $12.3m | Reduced -113.8k |
| Fideuram Asset Management (Ireland) dac 0.17% of their portfolio | 222.0k $9.1m | New |
| Gotham Asset Management, LLC 0.03% of their portfolio | 218.1k $11.5m | Reduced -766.4k |
| FMR LLC 0.00% of their portfolio | 203.0k $10.7m | Reduced -260.2k |
| BESSEMER GROUP INC 0.01% of their portfolio | 202.1k $10.7m | Added +45.9k |
| QVT Financial LP 0.68% of their portfolio | 200.0k $10.6m | Reduced -60.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 197.8k $10.5m | Reduced -18.3k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 194.0k $10.3m | Reduced -137.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.03% of their portfolio | 191.0k $10.1m | Added +1.9k |
| ASSETMARK, INC 0.02% of their portfolio | 189.5k $10.0m | Added +2.3k |
| Man Group plc 0.02% of their portfolio | 182.4k $9.6m | Reduced -319.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 181.2k $9.6m | Reduced -4.4k |
| Quantinno Capital Management LP 0.01% of their portfolio | 177.0k $9.4m | Reduced -111.4k |
| Kinsale Capital Group, Inc. 1.22% of their portfolio | 174.6k $9.2m | Added +27.6k |
| OPPENHEIMER & CO INC 0.10% of their portfolio | 174.5k $9.2m | Reduced -6.2k |
| BML Capital Management, LLC 5.21% of their portfolio | 172.5k $9.1m | Added +17.5k |
| BANYAN CAPITAL MANAGEMENT, INC. 3.89% of their portfolio | 169.2k $8.9m | Reduced -3.0k |
| ExodusPoint Capital Management, LP 0.08% of their portfolio | 159.1k $8.4m | Added +30.2k |
| BARCLAYS PLC 0.00% of their portfolio | 156.4k $8.3m | Reduced -6.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 156.0k $8.3m | Reduced -7.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 154.7k $7.7m | Reduced -30.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.53% of their portfolio | 154.7k $8.2m | Reduced -66.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 150.7k $8.0m | Added +6.4k |
| Trexquant Investment LP 0.05% of their portfolio | 147.4k $7.8m | Reduced -232.3k |
| DAVENPORT & Co LLC 0.04% of their portfolio | 141.6k $7.5m | Reduced -474.5k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 141.1k $7.5m | Added +22.9k |
| Markel Group Inc. 0.05% of their portfolio | 136.5k $7.2m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 135.0k $7.1m | Added +10.1k |