Reported 1 day ago
Alphyn Capital Management has exited its investment in CarMax (KMX) after years of stagnant share prices, highlighting the company's struggles in a competitive used vehicle market. In their Q2 2025 investor letter, they noted a 12.4% return for their fund while CarMax's stock has declined 16.02% over the past year. Despite acknowledging CarMax's potential, the fund prefers other investments with better growth prospects.
Source: YAHOO