CarMax Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:KMX Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
02 Oct 25	BuyUS$91,140	Mitchell Steenrod	Individual	2,000	US$45.57
02 Oct 25	BuyUS$499,807	Mark O'Neil	Individual	10,816	US$46.21
02 Jul 25	SellUS$108,786	Jon Daniels	Individual	1,540	US$70.64
24 Apr 25	BuyUS$85,137	Mitchell Steenrod	Individual	1,300	US$65.49

Insider Trading Volume

Insider Buying: KMX insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of KMX?
Owner Type	Number of Shares	Ownership Percentage
State or Government	154,268	0.0981%
Individual Insiders	721,289	0.459%
Institutions	156,385,879	99.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 69.69% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.5%	The Vanguard Group, Inc.	16,899,149	US$634.2m	-3.79%	0.01%
11.4%	BlackRock, Inc.	16,739,119	US$628.2m	45.9%	0.01%
3.77%	State Street Global Advisors, Inc.	5,541,586	US$208.0m	-2.24%	0.01%
3.32%	Janus Henderson Group plc	4,875,229	US$183.0m	0.97%	0.07%
3.29%	Diamond Hill Capital Management, Inc.	4,833,319	US$181.4m	-30.6%	0.9%
3.11%	PRIMECAP Management Company	4,560,371	US$171.2m	-3.75%	0.12%
2.51%	Dimensional Fund Advisors LP	3,685,201	US$138.3m	33.2%	0.02%
2.4%	Arrowstreet Capital, Limited Partnership	3,522,923	US$132.2m	73.7%	0.08%
2.33%	Geode Capital Management, LLC	3,417,016	US$128.2m	-10.3%	0.01%
2.33%	Robert W. Baird & Co. Incorporated	3,414,489	US$128.1m	3.53%	0.2%
2.21%	Fiduciary Management, Inc.	3,249,561	US$122.0m	13.1%	1.03%
2.12%	AQR Capital Management, LLC	3,114,897	US$116.9m	-27.9%	0.08%
2.11%	Norges Bank Investment Management	3,096,919	US$116.2m	0%	0.01%
2.07%	Invesco Capital Management LLC	3,036,989	US$114.0m	14.9%	0.03%
1.84%	Turtle Creek Asset Management Inc.	2,707,477	US$101.6m	0.62%	3.26%
1.69%	First Pacific Advisors, LP	2,481,461	US$93.1m	2.07%	0.93%
1.59%	Vulcan Value Partners, LLC	2,328,120	US$87.4m	135%	1.27%
1.55%	UBS Asset Management AG	2,273,585	US$85.3m	-35.2%	0.01%
1.53%	Cooke & Bieler, L.P.	2,241,359	US$84.1m	29.1%	0.9%
1.49%	Manulife Asset Management	2,185,739	US$82.0m	18.4%	0.06%
1.14%	Morgan Stanley	1,677,650	US$63.0m	9.32%	0.01%
1.14%	Giverny Capital Inc.	1,670,114	US$62.7m	0.86%	2.15%
1.11%	Qube Research & Technologies Ltd	1,636,364	US$61.4m	8.8%	0.09%
1.11%	Kovitz Investment Group Partners, LLC	1,633,409	US$61.3m	-0.17%	0.25%
1.04%	Envestnet Asset Management, Inc.	1,519,900	US$57.0m	-2.67%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/26 08:14
End of Day Share Price	2025/11/26 00:00
Earnings	2025/08/31
Annual Earnings	2025/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CarMax, Inc. is covered by 38 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Argus Research Company
Craig Kennison	Baird
John Babcock	Barclays