Makaira Partners Sells All 272,000 CarMax Shares Worth $18.3 Million

On Nov. 17, 2025, Makaira Partners LLC disclosed in an SEC filing that it sold out its entire position in CarMax (KMX +1.20%), an estimated $18.3 million change.What happenedAccording to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Nov. 17, 2025, Makaira Partners LLC reported selling its entire CarMax stake in the third quarter. The fund’s CarMax holding, which comprised 272,203 shares as of the prior quarter, no longer appears in its portfolio as of Sept. 30. The estimated val ...