CarMax, Inc.
US ˙ NYSE ˙ US1431301027

SecurityKMX / CarMax, Inc.
InstitutionCIBC Private Wealth Group, LLC
Latest Disclosed Ownership17,971 shares
Latest Disclosed Value $ 694,399
CIBC Private Wealth Group, LLC reports 20.38% decrease in ownership of KMX / CarMax, Inc.

On February 12, 2026 - CIBC Private Wealth Group, LLC filed a 13F-HR form disclosing ownership of 17,971 shares of CarMax, Inc. (US:KMX) valued at $694,399 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 24, 2025 disclosing 22,570 shares of CarMax, Inc.. This represents a change in shares of -20.38% during the quarter. The current value of the position is $827,205 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)
2026-02-12 2025-12-31 13F CARMAX COM 143130102 17,971 -4,599 -20.38 694 -31.42 0.0012
2025-11-24 2025-09-30 13F CARMAX COM 143130102 22,570 -977 -4.15 1,013 -36.03 0.0017
2025-08-12 2025-06-30 13F CARMAX COM 143130102 23,547 -305 -1.28 1,583 -9.50 0.0028
2025-05-14 2025-03-31 13F CARMAX COM 143130102 23,852 -508 -2.09 1,749 -12.38 0.0037
2025-02-12 2024-12-31 13F CarMax COM 143130102 24,360 -66 -0.27 1,996 5.56 0.0036
2024-11-13 2024-09-30 13F CarMax COM 143130102 24,426 -1,361 -5.28 1,890 0.43 0.0034
2024-08-09 2024-06-30 13F CarMax COM 143130102 25,787 -4,026 -13.50 1,882 -26.54 0.0035
2024-05-10 2024-03-31 13F CarMax COM 143130102 29,813 626 2.14 2,562 14.43 0.0050
2024-02-13 2023-12-31 13F CARMAX INC COM COM 143130102 29,187 -1,754 -5.67 2,240 2.33 0.0047
2023-11-13 2023-09-30 13F CARMAX INC COM COM 143130102 30,941 1,849 6.36 2,188 -10.14 0.0052
2023-11-21 2023-06-30 13F/A-1 CARMAX INC COM COM 143130102 29,092 -184 -0.63 2,435 29.45 0.0053
2023-08-10 2023-06-30 13F CARMAX INC COM COM 143130102 29,092 -184 2,435 0.0053
2023-11-21 2023-03-31 13F/A-1 CARMAX COM 143130102 29,276 0 0.00 1,882 188,000.00 0.0042
2023-05-12 2023-03-31 13F CARMAX COM 143130102 29,276 0 1,882 0.0041
2023-06-01 2022-12-31 13F/A-2 CarMax COM 143130102 29,276 4,291 17.17 2 -99.94 0.0000
2023-02-14 2022-12-31 13F/A-1 CARMAX INC COM COM 143130102 28,544 3,559 1,738 0.0036
2023-02-13 2022-12-31 13F CARMAX INC COM COM 143130102 57,088 32,103 3,476 0.0000
2022-11-15 2022-09-30 13F CARMAX INC COM COM 143130102 24,985 1,465 6.23 1,649 -22.51 0.0044
2022-08-03 2022-06-30 13F CARMAX COM 143130102 23,520 -415 -1.73 2,128 -7.88 0.0055
2022-05-16 2022-03-31 13F CARMAX COM 143130102 23,935 5,498 29.82 2,310 -3.79 0.0050
2022-04-04 2021-12-31 13F/A-1 CARMAX COM 143130102 18,437 -2,000 -9.79 2,401 -8.18 0.0050
2022-02-08 2021-12-31 13F CARMAX COM 143130102 18,437 -2,000 2,401 0.0050
2021-11-12 2021-09-30 13F CARMAX COM 143130102 20,437 184 0.91 2,615 -0.04 0.0061
2021-08-16 2021-06-30 13F CARMAX COM 143130102 20,253 1,945 10.62 2,616 7.70 0.0060
2021-05-12 2021-03-31 13F CARMAX COM 143130102 18,308 0 0.00 2,429 40.49 0.0061
2021-02-12 2020-12-31 13F CARMAX COM 143130102 18,308 18,308 1,729 0.0046
2019-07-31 2019-06-30 13F CARMAX COM 143130102 0 -2,957 -100.00 0 -100.00
2019-05-10 2019-03-31 13F CARMAX COM 143130102 2,957 2,957 206 0.0008
2019-02-05 2018-12-31 13F CARMAX COM 143130102 0 -3,025 -100.00 0 -100.00
2018-11-14 2018-09-30 13F CARMAX COM 143130102 3,025 0 0.00 226 2.73 0.0009
2018-08-02 2018-06-30 13F CARMAX COM 143130102 3,025 0 0.00 220 17.65 0.0009
2018-05-17 2018-03-31 13F CARMAX COM 143130102 3,025 518 20.66 187 16.15 0.0008
2018-02-12 2017-12-31 13F CARMAX COM 143130102 2,507 -1,000 -28.51 161 -39.47 0.0007
2017-12-21 2017-09-30 13F/A-1 CARMAX COM 143130102 3,507 3,507 266 0.0012
2017-11-14 2017-09-30 13F CARMAX COM 143130102 3,507 266 0.0012
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.