CarMax Ownership | Who Owns CarMax?

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CarMax Ownership Summary

CarMax is owned by 100.61% institutional investors, 0.61% insiders. Vanguard group is the largest institutional shareholder, holding 11.67% of KMX shares. Principal MidCap R5 is the top mutual fund, with 4.18% of its assets in CarMax shares.

KMX Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	CarMax	100.61%	0.61%	-1.21%
Sector	Consumer Cyclical Stocks	48.65%	13.07%	38.29%
Industry	Car Dealership Stocks	55.05%	9.23%	35.72%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	18.20M	11.67%	$1.49B
Blackrock funding, inc. /de	12.14M	7.79%	$992.36M
Blackrock	11.16M	7.10%	$818.52M
Principal financial group	8.59M	5.51%	$702.42M
Kovitz investment group partners	6.60M	4.23%	$539.21M
Diamond hill capital management	6.22M	3.99%	$508.69M
State street	6.16M	3.92%	$451.50M
Norges bank	5.18M	3.32%	$423.19M
Primecap management co/ca/	5.08M	3.26%	$415.38M
Janus henderson group	4.67M	3.00%	$381.98M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Rings capital management	501.79K	21.43%	$41.03M
Silver heights capital management	565.60K	20.56%	$46.24M
Courant investment management	247.52K	17.13%	$20.24M
Mount capital	342.70K	9.94%	$28.02M
Makaira partners	559.38K	7.80%	$45.74M
Kiltearn partners llp	478.30K	6.46%	$39.11M
Freshford capital management	500.00K	6.46%	$36.67M
Banyan capital management	130.64K	6.41%	$10.68M
Broad run investment management	514.60K	5.72%	$42.07M
Biglari, sardar	30.60K	5.71%	$2.50M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	5.18M	0.06%	5.18M
Kovitz investment group partners	6.60M	1.79%	5.12M
Holocene advisors, lp	2.84M	0.74%	1.90M
Ubs group	2.11M	0.03%	1.84M
Blackrock funding, inc. /de	12.14M	0.02%	824.24K

Top Sellers

Holder	Shares	% Assets	Change
Capital research global investors	-	-	-2.78M
Ruane, cunniff & goldfarb	27.57K	0.04%	-1.80M
Fmr	78.14K	0.00%	-1.69M
Timucuan asset management inc/fl	-	-	-1.55M
Morningstar investment services	156.78K	1.17%	-1.51M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	5.18M	0.06%	5.18M	$423.19M
Thorntree capital partners lp	435.57K	4.62%	435.57K	$35.61M
Balyasny asset management	415.11K	0.05%	415.11K	$33.94M
Raymond james financial	379.90K	0.01%	379.90K	$31.06M
Arrowstreet capital, limited partnership	228.85K	0.01%	228.85K	$18.71M

Sold Out

Holder	Change
Mendota financial group	-1.00
Financial gravity asset management	-2.00
Ckw financial group	-6.00
Riggs asset managment	-6.00
Hm payson	-7.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2024	712	-9.76%	156,817,816	-1.54%	100	0.96%	314	-5.14%	254	-10.25%
Sep 30, 2024	782	5.68%	159,149,641	-6.16%	102	0.88%	327	-13.26%	280	29.03%
Jun 30, 2024	740	-4.15%	169,591,899	1.23%	107	0.96%	377	6.20%	217	-12.50%
Mar 31, 2024	772	2.39%	167,538,786	-1.01%	106	0.93%	355	4.11%	248	-6.06%
Dec 31, 2023	754	3.15%	169,250,607	1.18%	106	0.96%	341	15.20%	264	1.93%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Principal MidCap R5	6.43M	4.18%	-
Principal Aligned MidCap Equity	6.43M	4.18%	204.71K
Vanguard Total Stock Mkt Idx Inv	4.85M	3.16%	25.51K
Diamond Hill Large Cap Equity	4.44M	2.89%	-95.62K
Vanguard Institutional 500 Index Trust	4.27M	2.78%	72.29K
Vanguard Small Cap Index	3.95M	2.57%	7.04K
Janus Inst Mid Cap Growth CF	3.48M	2.27%	-
Janus Henderson Enterprise D	3.48M	2.27%	-
Vanguard Small Cap Value Index Inv	2.61M	1.70%	-4.91K
Diamond Hill Large Cap Inv	2.61M	1.70%	-102.78K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Jan 28, 2025	Tuite Tyler	SVP & Chief Product Officer	Sell	$411.82K
Jan 15, 2025	Mayor-Mora Enrique N	EVP & CFO	Sell	$407.15K
Jan 15, 2025	Livesay Jill A	VP, Controller & PAO	Sell	$1.05M
Jan 08, 2025	Shamim Mohammad	EVP and CITO	Sell	$1.05M
Jan 02, 2025	Lyski James	EVP, Chief Growth & Strat Off	Sell	$4.72M

Insider Transactions Trends

Date	Buy	Sell
2025 Q1	-	5
2024 Q4	-	6
2024 Q3	-	6
2024 Q2	-	2
2024 Q1	-	3

KMX Ownership FAQ

Who Owns CarMax?

CarMax shareholders are primarily institutional investors at 100.61%, followed by 0.61% insiders and -1.22% retail investors. The average institutional ownership in CarMax's industry, Car Dealership Stocks, is 55.05%, which CarMax exceeds.

Who owns the most shares of CarMax?

CarMax’s largest shareholders are Vanguard group (18.2M shares, 11.67%), Blackrock funding, inc. /de (12.14M shares, 7.79%), and Blackrock (11.16M shares, 7.10%). Together, they hold 26.56% 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 21.43% of its assets in 501.79K CarMax shares, valued at 41.03M$.

Who is the top mutual fund holder of CarMax shares?

Principal MidCap R5 is the top mutual fund holder of CarMax shares, with 4.18% of its total shares outstanding invested in 6.43M CarMax shares.

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