Is it a Good Choice to Invest in CarMax (KMX)?

Fiduciary Management, an investment management firm, published its “Large Cap Equity Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The FMI Large Cap portfolios declined approximately 5.8% (gross)/5.9% (NET) in the March quarter compared to a 4.60% drop in the Standard & Poor’s 500 Index, and 0.74% loss in the Russell 1000 Value Index. Areas where the portfolio had little exposure such as Energy & Non-Energy Minerals, and our overweighting in...