CarMax, Inc.
US ˙ NYSE ˙ US1431301027

SecurityKMX / CarMax, Inc.
InstitutionStifel Financial Corp
Latest Disclosed Ownership91,664 shares
Latest Disclosed Value $ 3,811,392
Stifel Financial Corp reports 32.96% decrease in ownership of KMX / CarMax, Inc.

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 91,664 shares of CarMax, Inc. (US:KMX) valued at $3,811,389 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 136,726 shares of CarMax, Inc.. This represents a change in shares of -32.96% during the quarter. The current value of the position is $4,321,958 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F CARMAX COM 143130102 91,664 -45,062 -32.96 3,811 -27.86 0.0008
2026-02-13 2025-12-31 13F CARMAX COM 143130102 136,726 2,765 2.06 5,283 -12.10 0.0048
2025-11-12 2025-09-30 13F CARMAX COM 143130102 133,961 -23,084 -14.70 6,011 -43.05 0.0055
2025-08-14 2025-06-30 13F CARMAX COM 143130102 157,045 15,034 10.59 10,555 -4.62 0.0103
2025-05-14 2025-03-31 13F CARMAX COM 143130102 142,011 1,425 1.01 11,066 -3.73 0.0118
2025-02-13 2024-12-31 13F CARMAX COM 143130102 140,586 -53,804 -27.68 11,494 -23.58 0.0120
2024-11-14 2024-09-30 13F CARMAX COM 143130102 194,390 -42,573 -17.97 15,042 -13.45 0.0158
2024-08-13 2024-06-30 13F CARMAX COM 143130102 236,963 -9,530 -3.87 17,379 -19.07 0.0196
2024-05-14 2024-03-31 13F CARMAX COM 143130102 246,493 341 0.14 21,472 13.67 0.0245
2024-02-12 2023-12-31 13F CARMAX COM 143130102 246,152 29,479 13.61 18,890 23.26 0.0238
2023-11-13 2023-09-30 13F CARMAX COM 143130102 216,673 -386 -0.18 15,325 -15.64 0.0215
2023-08-14 2023-06-30 13F CARMAX COM 143130102 217,059 -1,199 -0.55 18,168 29.50 0.0249
2023-05-12 2023-03-31 13F CARMAX COM 143130102 218,258 25,575 13.27 14,030 19.58 0.0201
2023-02-13 2022-12-31 13F CARMAX COM 143130102 192,683 110,436 134.27 11,732 116.10 0.0176
2022-11-14 2022-09-30 13F CARMAX COM 143130102 82,247 -15,681 -16.01 5,429 -38.73 0.0089
2022-08-15 2022-06-30 13F CARMAX COM 143130102 97,928 -3,175 -3.14 8,861 -9.16 0.0139
2022-05-13 2022-03-31 13F CARMAX COM 143130102 101,103 7,256 7.73 9,754 -20.19 0.0133
2022-02-14 2021-12-31 13F CARMAX COM 143130102 93,847 1,971 2.15 12,221 3.96 0.0162
2021-11-15 2021-09-30 13F CARMAX COM 143130102 91,876 1,358 1.50 11,755 0.55 0.0172
2021-08-13 2021-06-30 13F CARMAX COM 143130102 90,518 4,275 4.96 11,691 2.19 0.0175
2021-05-14 2021-03-31 13F CARMAX COM 143130102 86,243 -405 -0.47 11,441 39.80 0.0189
2021-02-12 2020-12-31 13F CARMAX COM 143130102 86,648 15,053 21.03 8,184 24.38 0.0146
2020-11-16 2020-09-30 13F CARMAX COM 143130102 71,595 1,234 1.75 6,580 4.44 0.0135
2020-08-14 2020-06-30 13F CARMAX COM 143130102 70,361 535 0.77 6,300 67.15 0.0145
2020-05-14 2020-03-31 13F CARMAX COM 143130102 69,826 -10,562 -13.14 3,769 -46.59 0.0104
2020-02-13 2019-12-31 13F CARMAX COM 143130102 80,388 3,622 4.72 7,057 4.15 0.0147
2019-11-19 2019-09-30 13F/A-1 CARMAX COM 143130102 76,766 -11,423 -12.95 6,776 -11.55 0.0173
2019-11-13 2019-09-30 13F CARMAX COM 143130102 76,956 -11,233 6,793 3,807.8170
2019-08-14 2019-06-30 13F CARMAX COM 143130102 88,189 8,313 10.41 7,661 37.57 0.0198
2019-05-14 2019-03-31 13F CARMAX COM 143130102 79,876 6,281 8.53 5,569 20.52 0.0157
2019-02-13 2018-12-31 13F CARMAX COM 143130102 73,595 3,212 4.56 4,621 -12.03 0.0149
2018-11-13 2018-09-30 13F CARMAX COM 143130102 70,383 1,484 2.15 5,253 4.56 0.0150
2018-08-14 2018-06-30 13F CARMAX COM 143130102 68,899 2,268 3.40 5,024 21.65 0.0154
2018-05-11 2018-03-31 13F CARMAX COM 143130102 66,631 1,917 2.96 4,130 -0.34 0.0130
2018-02-14 2017-12-31 13F CARMAX COM 143130102 64,714 4,484 7.44 4,144 -9.08 0.0131
2017-11-13 2017-09-30 13F CARMAX COM 143130102 60,230 -2,413 -3.85 4,558 15.07 0.0158
2017-08-14 2017-06-30 13F CARMAX COM 143130102 62,643 948 1.54 3,961 8.73 0.0147
2017-05-10 2017-03-31 13F CARMAX COM 143130102 61,695 -2,781 -4.31 3,643 -12.36 0.0141
2017-02-16 2016-12-31 13F CARMAX COM 143130102 64,476 -3,927 -5.74 4,157 14.11 0.0176
2016-11-15 2016-09-30 13F CARMAX COM 143130102 68,403 -5,402 -7.32 3,643 0.64 0.0164
2016-08-17 2016-06-30 13F CARMAX COM 143130102 73,805 2,389 3.35 3,620 -0.77 0.0167
2016-05-16 2016-03-31 13F CARMAX COM 143130102 71,416 -2,194 -2.98 3,648 -8.18 0.0194
2016-03-21 2015-12-31 13F/A-2 CARMAX COM 143130102 73,610 26,201 55.27 3,973 41.29 0.0207
2016-02-26 2015-12-31 13F/A-1 CARMAX COM 143130102 73,595 -15 3,973 0.0208
2016-02-16 2015-12-31 13F CARMAX COM 143130102 73,595 12,664
2015-11-16 2015-09-30 13F CARMAX COM 143130102 47,409 -8,520 -15.23 2,812 -23.34 0.0158
2015-08-17 2015-06-30 13F/A-1 CARMAX COM 143130102 55,929 14,971 36.55 3,668 29.79 0.0190
2015-08-17 2015-06-30 13F CARMAX COM 143130102 39,020 2,583
2015-05-14 2015-03-31 13F CARMAX COM 143130102 40,958 -2,065 -4.80 2,826 -1.33 0.0155
2015-02-13 2014-12-31 13F CARMAX COM 143130102 43,023 -3,248 -7.02 2,864 33.27 0.0159
2014-11-13 2014-09-30 13F CARMAX COM 143130102 46,271 -3,278 -6.62 2,149 -16.61 0.0189
2014-08-14 2014-06-30 13F CARMAX COM 143130102 49,549 -2,211 -4.27 2,577 6.36 0.0231
2014-05-15 2014-03-31 13F CARMAX COM 143130102 51,760 51,760 2,423 0.0232
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.