Courant Investment Management’s CarMax KMX Stock Holding History

Courant Investment Management’s Portfolio KMX Stock Details KMX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-247,520	Closed	-$11.1M	–	7
2025 Q3	$11.1M	Hold	247,520	–	–	8.78%	6
2025 Q2	$16.6M	Hold	247,520	–	–	13.47%	4
2025 Q1	$19.3M	Hold	247,520	–	–	16.16%	3
2024 Q4	$20.2M	Hold	247,520	–	–	17.13%	3
2024 Q3	$19.2M	Hold	247,520	–	–	16.09%	3
2024 Q2	$18.2M	Hold	247,520	–	–	17.04%	3
2024 Q1	$21.6M	Hold	247,520	–	–	17.93%	3
2023 Q4	$19M	Hold	247,520	–	–	18.46%	3
2023 Q3	$17.5M	Hold	247,520	–	–	19.32%	2
2023 Q2	$20.7M	Hold	247,520	–	–	22.39%	2
2023 Q1	$15.9M	Hold	247,520	–	–	17.59%	2
2022 Q4	$15.1M	Buy	247,520 +31,361	+15%	+$2.01M	14.66%	4
2022 Q3	$14.3M	Hold	216,159	–	–	15.44%	3
2022 Q2	$19.6M	Buy	216,159 +62,000	+40%	+$5.83M	18.7%	2
2022 Q1	$14.9M	Buy	154,159 +28,135	+22%	+$3.03M	13.24%	4
2021 Q4	$16.4M	Hold	126,024	–	–	13.25%	4
2021 Q3	$16.1M	Hold	126,024	–	–	13.61%	3
2021 Q2	$16.3M	Hold	126,024	–	–	13.67%	4
2021 Q1	$16.7M	Sell	126,024 -25,000	-17%	-$3.04M	13.86%	3
2020 Q4	$14.3M	Hold	151,024	–	–	13.4%	3
2020 Q3	$13.9M	Sell	151,024 -37,134	-20%	-$3.71M	11.37%	3
2020 Q2	$16.9M	Hold	188,158	–	–	14.54%	2
2020 Q1	$10.1M	Sell	188,158 -22,000	-10%	-$1.86M	9.31%	5
2019 Q4	$18.4M	Sell	210,158 -15,000	-7%	-$1.41M	11.5%	5
2019 Q3	$19.8M	Sell	225,158 -29,407	-12%	-$2.52M	13.09%	3
2019 Q2	$22.1M	Hold	254,565	–	–	13.54%	2
2019 Q1	$17.8M	Buy	254,565 +25,000	+11%	+$1.54M	11.33%	3
2018 Q4	$14.4M	Hold	229,565	–	–	10.45%	3
2018 Q3	$17.1M	Hold	229,565	–	–	10.25%	4
2018 Q2	$16.7M	Hold	229,565	–	–	9.92%	5
2018 Q1	$14.2M	Buy	+229,565	New	+$15M	8.9%	4

Other funds holding KMX

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

SIM

SRS Investment Management New York $9.47B AUM 60.12% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

AMH

Apollo Management Holdings New York $7.6B AUM 23.97% 1-Year Est. Return

Janus Henderson Group London, United Kingdom $209B AUM 37.72% 1-Year Est. Return

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

Diamond Hill Capital Management Columbus, Ohio $16B AUM 4.15% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Courant Investment Management's KMX Position: Q4 2025 in Review

Courant Investment Management sold out of CarMax (KMX) in Q4 2025, closing a stake of 247,520 shares — an estimated $11.1M sold.

Courant Investment Management first reported a position in KMX in Q1 2018 and held it in 31 quarters. The position peaked at $22.1M in Q2 2019. 537 funds tracked by Wall St. Rank hold KMX as of Q4 2025.

Courant Investment Management reported no remaining CarMax position as of Q4 2025 after selling out during the quarter.
Courant Investment Management sold 247,520 CarMax shares in Q4 2025, an estimated $11.1M.
Courant Investment Management first reported a position in CarMax in Q1 2018 and held it in 31 quarters.
Courant Investment Management's CarMax position peaked at $22.1M in Q2 2019.
537 funds tracked by Wall St. Rank held CarMax as of Q4 2025.

Based on Courant Investment Management's 13F filing for Q4 2025, filed 22 Jan 2026.