CarMax Ownership | Who Owns CarMax?

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CarMax Ownership Summary

CarMax is owned by 104.80% institutional investors, 0.45% insiders. Blackrock funding, inc. /de is the largest institutional shareholder, holding 12.05% of KMX shares. iShares Core S&P Small-Cap ETF is the top mutual fund, with 6.09% of its assets in CarMax shares.

KMX Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	CarMax	104.80%	0.45%	-5.25%
Sector	Consumer Cyclical Stocks	343.18%	16.03%	-259.21%
Industry	Car Dealership Stocks	62.38%	6.21%	31.40%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Blackrock funding, inc. /de	17.09M	12.05%	$904.00M
Vanguard group	15.08M	10.12%	$582.57M
Blackrock	11.16M	7.10%	$818.52M
Aqr capital management	6.62M	4.67%	$348.96M
Vanguard capital management	6.42M	4.53%	$339.56M
Srs investment management	5.92M	4.18%	$313.26M
Two sigma investments, lp	5.83M	4.11%	$308.45M
State street	5.16M	3.64%	$272.72M
Dimensional fund advisors lp	4.97M	3.51%	$263.12M
Janus henderson group	4.58M	3.11%	$190.47M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Rings capital management	949.00K	25.54%	$50.19M
Silver heights capital management	912.99K	14.90%	$48.29M
Mount capital	584.80K	11.67%	$30.93M
Freshford capital management	500.00K	6.46%	$36.67M
Kiltearn partners llp	406.48K	5.22%	$21.50M
Bml capital management	172.50K	5.18%	$9.12M
Hawk ridge capital management lp	2.83M	4.81%	$149.91M
Bluedrive global investors llp	56.75K	4.75%	$4.16M
Oakview capital management	20.37K	4.70%	$1.49M
Banyan capital management	169.21K	3.89%	$8.95M

Top Buyers

Holder	Shares	% Assets	Change
Hawk ridge capital management lp	2.83M	4.81%	2.83M
Canada pension plan investment board	2.18M	0.06%	1.91M
American century companies	3.25M	0.08%	1.86M
Slate path capital lp	1.83M	1.34%	1.83M
Sixth street partners management company	1.51M	0.01%	1.51M

Top Sellers

Holder	Shares	% Assets	Change
Aqr capital management	6.62M	0.12%	-3.44M
Fiduciary management inc /wi/	-	-	-3.25M
Starboard value lp	3.21M	3.75%	-2.99M
Capital research global investors	-	-	-2.78M
Turtle creek asset management	-	-	-2.71M

New Positions

Holder	Shares	% Assets	Change	Value
Hawk ridge capital management lp	2.83M	4.81%	2.83M	$149.91M
Slate path capital lp	1.83M	1.34%	1.83M	$96.67M
Sixth street partners management company	1.51M	0.01%	1.51M	$79.91M
Alyeska investment group	957.98K	0.13%	957.98K	$50.67M
Norges bank	665.74K	0.00%	665.74K	$35.21M

Sold Out

Holder	Change
Mendota financial group	-1.00
Soa wealth advisors, llc.	-1.00
Gps wealth strategies group	-1.00
Parallax volatility advisers	-1.00
Financial gravity asset management	-2.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Jun 30, 2026	589	0.68%	148,660,290	-2.88%	104	0.97%	223	-20.92%	258	35.08%
Mar 31, 2026	307	-46.14%	42,716,000	-71.68%	29	0.28%	139	-49.82%	103	-50.95%
Dec 31, 2025	478	-27.90%	121,021,364	-16.91%	81	0.87%	233	-21.81%	176	-29.60%
Sep 30, 2025	645	-16.12%	145,433,958	-9.10%	96	0.87%	289	-21.25%	242	-12.32%
Jun 30, 2025	750	-4.58%	159,808,842	2.06%	105	1.03%	357	2.00%	271	-6.55%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
iShares Core S&P Small-Cap ETF	8.64M	6.09%	-3.30K
Vanguard US Total Market Shares ETF	4.92M	3.21%	-59.41K
Vanguard Morn Total Stk Mkt Idx Investor	4.51M	3.18%	-2.48K
Vanguard Total Stock Mkt Idx Inv	4.51M	3.18%	-2.48K
Vanguard Institutional 500 Index Trust	4.37M	2.90%	27.80K
Vanguard 500 Index Investor	3.77M	2.51%	-552.68K
Vanguard Small Cap Index	3.25M	2.29%	-12.16K
Janus Henderson Enterprise D	3.16M	2.22%	-
Janus Inst Mid Cap Growth CF	3.16M	2.22%	-
Avantis US Small Cap Value ETF	2.71M	1.91%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
Jun 25, 2026	Chawla Sona	-	Buy	$106.78K
Jun 25, 2026	Shinder Marcella	-	Buy	$29.85K
Jun 24, 2026	ONeil Mark F	-	Buy	$251.33K
Jun 24, 2026	ONeil Mark F	-	Buy	$251.33K
Jun 22, 2026	Bensen Peter J	-	Buy	$130.50K

Insider Transactions Trends

Date	Buy	Sell
2026 Q2	6	-
2026 Q1	-	-
2025 Q4	2	-
2025 Q3	-	1
2025 Q2	1	-

KMX Ownership FAQ

Who Owns CarMax?

CarMax shareholders are primarily institutional investors at 104.80%, followed by 0.45% insiders and -5.25% retail investors. The average institutional ownership in CarMax's industry, Car Dealership Stocks, is 62.38%, which CarMax exceeds.

Who owns the most shares of CarMax?

CarMax’s largest shareholders are Blackrock funding, inc. /de (17.09M shares, 12.05%), Vanguard group (15.08M shares, 10.12%), and Blackrock (11.16M shares, 7.10%). Together, they hold 29.27% of CarMax’s total shares outstanding.

Does Blackrock own CarMax?

Yes, BlackRock owns 7.10% of CarMax, totaling 11.16M shares as of Jun 2024. This represents 0.02% of BlackRock's total assets, with a market value of 818.52M$. In the last quarter, BlackRock increased its holdings by 171.41K shares, a 1.56% change.

Who is CarMax’s biggest shareholder by percentage of total assets invested?

Rings capital management is CarMax’s biggest shareholder by percentage of total assets invested, with 25.54% of its assets in 949K CarMax shares, valued at 50.19M$.

Who is the top mutual fund holder of CarMax shares?

iShares Core S&P Small-Cap ETF is the top mutual fund holder of CarMax shares, with 6.09% of its total shares outstanding invested in 8.64M CarMax shares.

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