CarMax, Inc.
US ˙ NYSE ˙ US1431301027

SecurityKMX / CarMax, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership276,560 shares
Latest Disclosed Value $ 11,499,349
Cwm, Llc reports 111.51% increase in ownership of KMX / CarMax, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 276,560 shares of CarMax, Inc. (US:KMX) valued at $11,499,365 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 130,757 shares of CarMax, Inc.. This represents a change in shares of 111.51% during the quarter. The current value of the position is $12,730,057 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)
2026-05-14 2026-03-31 13F CARMAX COM 143130102 276,560 145,803 111.51 11,499 229,880.00 0.0302
2026-01-26 2025-12-31 13F CARMAX COM 143130102 130,757 36,094 38.13 5 25.00 0.0137
2025-10-15 2025-09-30 13F CARMAX COM 143130102 94,663 -14,140 -13.00 4 -42.86 0.0128
2025-07-25 2025-06-30 13F CARMAX COM 143130102 108,803 68,626 170.81 7 133.33 0.0258
2025-05-01 2025-03-31 13F CARMAX COM 143130102 40,177 2,516 6.68 3 0.00 0.0125
2025-02-04 2024-12-31 13F CARMAX COM 143130102 37,661 14,511 62.68 3 200.00 0.0128
2024-10-08 2024-09-30 13F CARMAX COM 143130102 23,150 5,374 30.23 2 0.00 0.0077
2024-07-10 2024-06-30 13F CARMAX COM 143130102 17,776 7,294 69.59 1 0.0061
2024-04-05 2024-03-31 13F CARMAX COM 143130102 10,482 6,285 149.75 1 0.0044
2024-02-01 2023-12-31 13F CARMAX COM 143130102 4,197 628 17.60 0 0.0017
2023-10-11 2023-09-30 13F CARMAX COM 143130102 3,569 -206 -5.46 0 0.0015
2023-08-03 2023-06-30 13F CARMAX COM 143130102 3,775 836 28.45 0 0.0020
2023-05-01 2023-03-31 13F CARMAX COM 143130102 2,939 -57 -1.90 0 0.0013
2023-02-01 2022-12-31 13F CARMAX COM 143130102 2,996 2,259 306.51 0 -100.00 0.0013
2022-10-27 2022-09-30 13F CARMAX COM 143130102 737 -725 -49.59 49 -62.88 0.0004
2022-07-28 2022-06-30 13F CARMAX COM 143130102 1,462 -271 -15.64 132 -20.96 0.0010
2022-04-21 2022-03-31 13F CARMAX COM 143130102 1,733 530 44.06 167 6.37 0.0012
2022-01-31 2021-12-31 13F CARMAX COM 143130102 1,203 682 130.90 157 134.33 0.0011
2021-09-15 2021-06-30 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2021-07-29 2021-06-30 13F CARMAX COM 143130102 521 0 67 0.0005
2021-09-15 2021-03-31 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2021-04-27 2021-03-31 13F CARMAX COM 143130102 420 -101 56 0.0005
2021-09-15 2020-12-31 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2021-01-27 2020-12-31 13F CARMAX COM 143130102 420 -101 40 0.0004
2021-09-15 2020-09-30 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2020-10-19 2020-09-30 13F CARMAX COM 143130102 476 -45 44 0.0005
2021-09-15 2020-06-30 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2020-07-22 2020-06-30 13F CARMAX COM 143130102 472 -49 42 0.0005
2021-09-15 2020-03-31 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2020-04-28 2020-03-31 13F CARMAX COM 143130102 1,236 715 67 0.0010
2021-09-14 2019-12-31 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2020-01-27 2019-12-31 13F CARMAX COM 143130102 1,271 750 111 0.0014
2021-09-14 2019-09-30 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2019-10-22 2019-09-30 13F CARMAX COM 143130102 421 -100 37 0.0005
2021-09-14 2019-06-30 13F/A-1 CARMAX COM 143130102 521 0 0.00 67 0.00 0.0005
2019-07-31 2019-06-30 13F CARMAX COM 143130102 440 -81 38 0.0006
2021-09-02 2019-03-31 13F/A-1 CARMAX COM 143130102 521 84 19.22 67 148.15 0.0005
2019-04-22 2019-03-31 13F CARMAX COM 143130102 410 -27 29 0.0006
2019-01-25 2018-12-31 13F CARMAX COM 143130102 437 -1,005 -69.69 27 -75.00 0.0007
2018-10-29 2018-09-30 13F CARMAX COM 143130102 1,442 1,048 265.99 108 272.41 0.0028
2018-07-31 2018-06-30 13F CARMAX COM 143130102 394 0 0.00 29 20.83 0.0010
2018-04-26 2018-03-31 13F CARMAX COM 143130102 394 0 0.00 24 -4.00 0.0010
2018-01-16 2017-12-31 13F CARMAX COM 143130102 394 -188 -32.30 25 -43.18 0.0011
2017-10-16 2017-09-30 13F CARMAX COM 143130102 582 58 11.07 44 33.33 0.0021
2017-07-17 2017-06-30 13F CARMAX COM 143130102 524 130 32.99 33 43.48 0.0017
2017-04-17 2017-03-31 13F CARMAX COM 143130102 394 -121 -23.50 23 -30.30 0.0013
2017-01-19 2016-12-31 13F CARMAX COM 143130102 515 121 30.71 33 57.14 0.0020
2016-10-17 2016-09-30 13F CARMAX COM 143130102 394 0 0.00 21 10.53 0.0014
2016-07-21 2016-06-30 13F CARMAX COM 143130102 394 0 0.00 19 -5.00 0.0014
2016-04-18 2016-03-31 13F CARMAX COM 143130102 394 304 337.78 20 400.00 0.0018
2014-02-14 2013-12-31 13F CARMAX COM 143130102 90 0 0.00 4 0.00 0.0006
2013-11-14 2013-09-30 13F CARMAX COM 143130102 90 90 4 0.0010
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.