{
 "company": "Carmax",
 "ticker": "KMX",
 "page": "https://www.moatshark.com/s/kmx",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "First Pacific Advisors (FPA)",
   "moatshark_slug": "first-pacific-advisors-fpa",
   "period": "2026-06-30",
   "portfolio_pct": 1.97,
   "value_usd": 159122950,
   "change": "ADD",
   "share_change_pct": 0.9,
   "quarters_held": 17
  },
  {
   "manager": "Vulcan Value Partners",
   "moatshark_slug": "vulcan-value-partners",
   "period": "2026-06-30",
   "portfolio_pct": 1.47,
   "value_usd": 48269424,
   "change": "REDUCE",
   "share_change_pct": -58.6,
   "quarters_held": 10
  },
  {
   "manager": "Biglari Capital",
   "moatshark_slug": "biglari-capital",
   "period": "2026-06-30",
   "portfolio_pct": 0.56,
   "value_usd": 6633464,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 16
  },
  {
   "manager": "Markel Group",
   "moatshark_slug": "markel-group",
   "period": "2026-06-30",
   "portfolio_pct": 0.05,
   "value_usd": 7219485,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 15
  }
 ]
}