CARMAX INC

Ticker: KMX CUSIP: 143130102 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 40,548 Value ($000) $1,819 Avg Close $59.71 Range $42.75 - $71.99

Q2 2025

Shares 41,448 Value ($000) $2,786 Avg Close $67.25 Range $61.34 - $82.79

Q1 2025

Shares 41,748 Value ($000) $3,253 Avg Close $80.17 Range $67.20 - $89.47

Q4 2024

Shares 42,048 Value ($000) $3,438 Avg Close $78.54 Range $69.95 - $91.25

Q3 2024

Shares 42,548 Value ($000) $3,292 Avg Close $79.07 Range $70.75 - $86.82

Q2 2024

Shares 43,148 Value ($000) $3,164 Avg Close $72.06 Range $65.83 - $86.61

Q1 2024

Shares 43,248 Value ($000) $3,767 Avg Close $75.64 Range $66.86 - $88.22

Q4 2023

Shares 43,448 Value ($000) $3,334 Avg Close $67.22 Range $59.66 - $84.20

Q3 2023

Shares 43,348 Value ($000) $3,066 Avg Close $81.89 Range $68.73 - $87.50

Q2 2023

Shares 43,548 Value ($000) $3,645 Avg Close $73.21 Range $61.15 - $87.06

Q1 2023

Shares 43,348 Value ($000) $2,786 Avg Close $66.93 Range $55.77 - $80.92

Q4 2022

Shares 42,948 Value ($000) $2,615 Avg Close $64.20 Range $52.10 - $76.64

Q3 2022

Shares 43,048 Value ($000) $2,842 Avg Close $91.38 Range $63.61 - $106.24

Q2 2022

Shares 43,348 Value ($000) $3,922 Avg Close $94.04 Range $84.37 - $105.90

Q1 2022

Shares 40,848 Value ($000) $3,941 Avg Close $107.57 Range $95.04 - $130.57

Q4 2021

Shares 40,819 Value ($000) $5,316 Avg Close $140.03 Range $121.65 - $155.98

Q3 2021

Shares 40,919 Value ($000) $5,236 Avg Close $133.08 Range $122.51 - $147.73

Q2 2021

Shares 41,019 Value ($000) $5,298 Avg Close $123.63 Range $112.63 - $138.77

Q1 2021

Shares 40,819 Value ($000) $5,415 Avg Close $121.72 Range $92.13 - $136.54

Q4 2020

Shares 41,219 Value ($000) $3,894 Avg Close $93.77 Range $84.70 - $101.16

Q3 2020

Shares 41,619 Value ($000) $3,825 Avg Close $99.89 Range $85.71 - $109.31

Q2 2020

Shares 41,519 Value ($000) $3,718 Avg Close $78.36 Range $47.06 - $98.96

Q1 2020

Shares 37,705 Value ($000) $2,030 Avg Close $84.61 Range $37.59 - $103.18

Q4 2019

Shares 39,805 Value ($000) $3,490 Avg Close $94.07 Range $83.39 - $100.49

Q3 2019

Shares 39,805 Value ($000) $3,503 Avg Close $85.82 Range $79.37 - $92.01

Q2 2019

Shares 39,805 Value ($000) $3,456 Avg Close $78.21 Range $68.24 - $88.64

Q1 2019

Shares 49,005 Value ($000) $3,421 Avg Close $61.63 Range $57.95 - $70.99

Q4 2018

Shares 50,005 Value ($000) $3,137 Avg Close $66.00 Range $55.24 - $75.34

Q3 2018

Shares 52,605 Value ($000) $3,928 Avg Close $76.27 Range $72.08 - $80.91

Q2 2018

Shares 52,705 Value ($000) $3,841 Avg Close $66.77 Range $57.05 - $81.67

Q1 2018

Shares 53,205 Value ($000) $3,296 Avg Close $65.37 Range $58.97 - $72.88

Q4 2017

Shares 53,405 Value ($000) $3,425 Avg Close $71.34 Range $64.13 - $77.64

Q3 2017

Shares 55,605 Value ($000) $4,215 Avg Close $66.66 Range $62.22 - $76.40

Q2 2017

Shares 60,905 Value ($000) $3,841 Avg Close $60.41 Range $54.29 - $65.80

Q1 2017

Shares 61,505 Value ($000) $3,642 Avg Close $64.97 Range $57.83 - $69.11

Q4 2016

Shares 62,205 Value ($000) $4,005 Avg Close $56.11 Range $47.50 - $66.64

Q3 2016

Shares 66,869 Value ($000) $3,567 Avg Close $56.66 Range $47.00 - $60.81

Q2 2016

Shares 67,369 Value ($000) $3,303 Avg Close $51.36 Range $45.06 - $55.99

Q1 2016

Shares 67,369 Value ($000) $3,443 Avg Close $47.20 Range $41.25 - $53.23

Q4 2015

Shares 69,269 Value ($000) $3,738 Avg Close $57.08 Range $50.57 - $60.59

Q3 2015

Shares 75,169 Value ($000) $4,459 Avg Close $62.65 Range $55.27 - $68.99

Q2 2015

Shares 81,169 Value ($000) $5,374 Avg Close $71.28 Range $65.96 - $75.40

Q1 2015

Shares 80,969 Value ($000) $5,588 Avg Close $65.20 Range $60.83 - $69.60

Q4 2014

Shares 88,769 Value ($000) $5,910 Avg Close $55.45 Range $43.27 - $68.71

Q3 2014

Shares 89,869 Value ($000) $4,174 Avg Close $51.22 Range $46.44 - $54.28

Q2 2014

Shares 90,369 Value ($000) $4,700 Avg Close $45.42 Range $42.54 - $53.67

Q1 2014

Shares 91,069 Value ($000) $4,262 Avg Close $46.71 Range $43.90 - $49.68

Q4 2013

Shares 90,769 Value ($000) $4,268 Avg Close $49.02 Range $45.91 - $53.08

Q3 2013

Shares 90,969 Value ($000) $4,409 Avg Close $48.92 Range $46.27 - $52.47

Q2 2013

Shares 91,169 Value ($000) $4,208 Avg Close $45.40 Range $40.34 - $48.86

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	40,548	$1,819	$59.71	$42.75 - $71.99
Q2 2025	41,448	$2,786	$67.25	$61.34 - $82.79
Q1 2025	41,748	$3,253	$80.17	$67.20 - $89.47
Q4 2024	42,048	$3,438	$78.54	$69.95 - $91.25
Q3 2024	42,548	$3,292	$79.07	$70.75 - $86.82
Q2 2024	43,148	$3,164	$72.06	$65.83 - $86.61
Q1 2024	43,248	$3,767	$75.64	$66.86 - $88.22
Q4 2023	43,448	$3,334	$67.22	$59.66 - $84.20
Q3 2023	43,348	$3,066	$81.89	$68.73 - $87.50
Q2 2023	43,548	$3,645	$73.21	$61.15 - $87.06
Q1 2023	43,348	$2,786	$66.93	$55.77 - $80.92
Q4 2022	42,948	$2,615	$64.20	$52.10 - $76.64
Q3 2022	43,048	$2,842	$91.38	$63.61 - $106.24
Q2 2022	43,348	$3,922	$94.04	$84.37 - $105.90
Q1 2022	40,848	$3,941	$107.57	$95.04 - $130.57
Q4 2021	40,819	$5,316	$140.03	$121.65 - $155.98
Q3 2021	40,919	$5,236	$133.08	$122.51 - $147.73
Q2 2021	41,019	$5,298	$123.63	$112.63 - $138.77
Q1 2021	40,819	$5,415	$121.72	$92.13 - $136.54
Q4 2020	41,219	$3,894	$93.77	$84.70 - $101.16
Q3 2020	41,619	$3,825	$99.89	$85.71 - $109.31
Q2 2020	41,519	$3,718	$78.36	$47.06 - $98.96
Q1 2020	37,705	$2,030	$84.61	$37.59 - $103.18
Q4 2019	39,805	$3,490	$94.07	$83.39 - $100.49
Q3 2019	39,805	$3,503	$85.82	$79.37 - $92.01
Q2 2019	39,805	$3,456	$78.21	$68.24 - $88.64
Q1 2019	49,005	$3,421	$61.63	$57.95 - $70.99
Q4 2018	50,005	$3,137	$66.00	$55.24 - $75.34
Q3 2018	52,605	$3,928	$76.27	$72.08 - $80.91
Q2 2018	52,705	$3,841	$66.77	$57.05 - $81.67
Q1 2018	53,205	$3,296	$65.37	$58.97 - $72.88
Q4 2017	53,405	$3,425	$71.34	$64.13 - $77.64
Q3 2017	55,605	$4,215	$66.66	$62.22 - $76.40
Q2 2017	60,905	$3,841	$60.41	$54.29 - $65.80
Q1 2017	61,505	$3,642	$64.97	$57.83 - $69.11
Q4 2016	62,205	$4,005	$56.11	$47.50 - $66.64
Q3 2016	66,869	$3,567	$56.66	$47.00 - $60.81
Q2 2016	67,369	$3,303	$51.36	$45.06 - $55.99
Q1 2016	67,369	$3,443	$47.20	$41.25 - $53.23
Q4 2015	69,269	$3,738	$57.08	$50.57 - $60.59
Q3 2015	75,169	$4,459	$62.65	$55.27 - $68.99
Q2 2015	81,169	$5,374	$71.28	$65.96 - $75.40
Q1 2015	80,969	$5,588	$65.20	$60.83 - $69.60
Q4 2014	88,769	$5,910	$55.45	$43.27 - $68.71
Q3 2014	89,869	$4,174	$51.22	$46.44 - $54.28
Q2 2014	90,369	$4,700	$45.42	$42.54 - $53.67
Q1 2014	91,069	$4,262	$46.71	$43.90 - $49.68
Q4 2013	90,769	$4,268	$49.02	$45.91 - $53.08
Q3 2013	90,969	$4,409	$48.92	$46.27 - $52.47
Q2 2013	91,169	$4,208	$45.40	$40.34 - $48.86