Here’s Why CarMax (KMX) Shares Declined in the Third Quarter

Alphyn Capital Management, an investment management firm, released its third-quarter 2022 investor letter. The same can be downloaded here. In the third quarter, the fund returned -10.95% net compared to -4.88% return for the S&P 500 Index. Year-to-date the fund returned -34.2% compared to -23.9% return for the S&P500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Alphyn Capital discussed stocks like CarMax, Inc. (NYSE:KMX) in the Q3 2022...