Carmax Inc (KMX) Hedge Fund & Institutional Holdings (Q2 2026)

KMX ranks #1037 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

KMX is a disclosed holding of Cliff Asness (AQR Capital Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.

KMX is a top-conviction position for Rings Capital Management LLC — at 25.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in KMX belongs to BlackRock, Inc., but the position matters far more to Rings Capital Management LLC, who has 25.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Wealth Enhancement Advisory Services, LLC has added to its KMX position for two straight quarters, increasing it by $2.3M to reach $9.4M today.

DAVENPORT & Co LLC has trimmed its KMX position for two straight quarters, cutting it by $18.4M while still holding $7.2M.

KMX is down 3.6% today, but institutions show net buying of $326.1M this quarter — a divergence between today's price move and the underlying institutional flow.

KMX posted net income of $292.4M over the trailing twelve months, and currently trades at a P/E of 25.6.

• Profitable — net income of $292.4M over the trailing twelve months
• Revenue grew 4.8% year over year
• Net income declined year over year, from $521.1M to $292.4M
• Generated $1.8B in positive operating cash flow
• Current ratio of 2.20x — enough short-term assets to cover short-term liabilities
• Liabilities run 3.48x equity — a highly leveraged balance sheet worth noting