AQR Capital Management (KMX) discloses 4.67% beneficial ownership in CarMax

Rhea-AI Filing Summary

AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC report their beneficial ownership of CarMax Inc. common stock on an amended Schedule 13G. They report beneficial ownership of 6,622,794 shares, representing 4.67% of the outstanding common stock.

Both entities report no sole voting or dispositive power. They report shared voting power over 6,492,745 shares and shared dispositive power over all 6,622,794 shares. The filing states that the ownership is of 5 percent or less of the class. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.

Key Figures

Beneficial ownership: 6,622,794 shares Percent of class: 4.67% Shared voting power: 6,492,745 shares +3 more

6 metrics

Beneficial ownership 6,622,794 shares CarMax Inc. common stock beneficially owned by AQR entities

Percent of class 4.67% Portion of CarMax common stock class beneficially owned

Shared voting power 6,492,745 shares Shares over which AQR entities have shared power to vote

Shared dispositive power 6,622,794 shares Shares over which AQR entities have shared power to dispose

Sole voting power 0 shares Shares with sole power to vote reported by AQR entities

Sole dispositive power 0 shares Shares with sole power to dispose reported by AQR entities

Key Terms

beneficially owned, shared voting power, shared dispositive power, parent holding company, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 6,622,794"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power financial

"6 | Shared Voting Power 6,492,745.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"8 | Shared Dispositive Power 6,622,794.00"

parent holding company financial

"If a parent holding company has filed this schedule, pursuant to (ii)(G)"

Schedule 13G regulatory

"hereby agree that this is filed on behalf of each of the parties."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake in CarMax Inc. (KMX) is reported by AQR Capital Management?

AQR Capital Management and its parent report beneficial ownership of 6,622,794 CarMax common shares, representing 4.67% of the class. This stake is reported on an amended Schedule 13G as ownership of 5 percent or less of the outstanding common stock.

Who are the reporting persons in this CarMax (KMX) Schedule 13G/A?

The reporting persons are AQR Capital Management, LLC and AQR Capital Management Holdings, LLC. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and both are organized in the United States with offices in Greenwich, Connecticut.

How much voting power does AQR report over CarMax (KMX) shares?

The AQR entities report no sole voting power and shared voting power over 6,492,745 CarMax common shares. They also report shared dispositive power over 6,622,794 shares, meaning decisions to vote or dispose are exercised jointly, not individually.

Does AQR have sole dispositive power over its CarMax (KMX) holdings?

No. The filing shows 0 shares with sole dispositive power for both AQR entities and 6,622,794 shares with shared dispositive power. This indicates decisions to sell or otherwise dispose of these CarMax shares are made on a shared basis.

What does Item 5 indicate about AQR’s ownership in CarMax (KMX)?

Item 5 states ownership of 5 percent or less of the CarMax common stock class. Combined beneficial ownership is reported at 4.67%, based on 6,622,794 shares, which places AQR’s stake below the 5% threshold for the class.

Where is the principal business office of AQR related to its CarMax (KMX) stake?

The principal business office for the reporting AQR entities is at One Greenwich Plaza, Suite 130, Greenwich, Connecticut 06830. Both entities are organized in the United States and report their CarMax holdings from this address.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

CARMAX INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

143130102

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 143130102

1

Names of Reporting Persons

AQR Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,492,745.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,622,794.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,622,794.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.67 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 143130102

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,492,745.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,622,794.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,622,794.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.67 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CARMAX INC
(b)	Address of issuer's principal executive offices: 12800 TUCKAHOE CREEK PARKWAY, RICHMOND, VIRGINIA 23238
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 143130102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6,622,794
(b)	Percent of class: 4.67 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 6,492,745 AQR Capital Management Holdings, LLC - 6,492,745
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 6,622,794 AQR Capital Management Holdings, LLC - 6,622,794
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) above.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2026

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/12/2026

Exhibit Information

AQR Capital Management Holdings, LLC and AQR Capital Management, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.