High Rates and Supply Woes Dragged CarMax (KMX) in Q2

Giverny Capital Asset Management, LLC, an investment management company, recently published its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. The portfolio returned -2.31% in the second quarter compared to a 4.28% return for the S&P 500 Total Return Index. The fund returned 12.31% year to date compared to the 15.29% […]