Here’s Why CarMax (KMX) Shares Retreated in Q3

Madison Investments, an investment advisor, released its “Madison Mid Cap Fund” third-quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund (Class Y) returned -1.8% compared to a -4.7% decline for the Russell Midcap Index. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Madison Mid Cap Fund highlighted stocks like CarMax, Inc. (NYSE:KMX) in the third quarter 2023 investor letter. Headquartered in...