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Stock Update: CarMax

CarMax was the best performing stock for the third quarter, on a dollar-weighted basis, with a gain of $7.84 million. The company reported strong earnings results with good same-store sales and growing profits at CarMax Auto Finance. We like the CarMax business model based on transparency and their ability to continue opening new stores to drive growth. It’s a very unique model and quite different from typical car dealerships.

The portfolio is actively managed. For the FAM Value Fund's current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the FAM Value Fund's performance data that is current to the most recent month-end, click here.

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