Core Viewpoint - Keith Barr, the former CEO of IHG Hotels & Resorts, is expected to leverage his digital expertise in the used-car retail sector [1] Group 1 - Keith Barr's appointment is anticipated to enhance the digital capabilities of the used-car retailer [1] - The company aims to improve customer experience through digital transformation initiatives under Barr's leadership [1]

Core Viewpoint - AutoNation is experiencing strong financial performance, leading to an optimistic price target increase by Wells Fargo analyst Colin Langan from $222 to $230, indicating a potential upside of 6.16% from the current trading price of $216.65 [1][2][5] Financial Performance - For the full year, AutoNation's revenue increased by 3% to $27.6 billion, while adjusted earnings per share (EPS) rose by 16% to $20.22 [3][5] - The company generated over $1 billion in adjusted free cash flow despite a challenging sales environment, showcasing its financial resilience [2][5] - In the fourth quarter, adjusted EPS was $5.08, reflecting a 2% increase year-over-year, although adjusted net income slightly decreased to $186 million from $199 million the previous year [3] Stock Performance - AutoNation's stock is currently priced at $216.65, reflecting an increase of 6.19% or $12.63, with fluctuations between a low of $203.10 and a high of $223.41 on the trading day [4] - Over the past year, the stock has reached a high of $228.92 and a low of $148.33, with a market capitalization of approximately $7.9 billion [4]

Core Insights - CarMax, Inc. has been recognized by TIME Magazine as one of America's Most Iconic Companies, celebrating its commitment to a transparent and customer-centric experience in the used car retail industry [1][3] Company Overview - CarMax is the largest retailer of used cars in the United States, with 255 stores nationwide and over 28,000 associates [6] - The company has been recognized for 21 consecutive years as one of the Fortune 100 Best Companies to Work For [6] Innovation and Customer Experience - CarMax transformed the car buying and selling process with its "no-haggle" pricing model, making it a straightforward and honest experience for customers [2][6] - Customers have the flexibility to shop online, in-store, or a combination of both, with options for express pickup or home delivery within a 60-mile radius of select stores [6][7] Recognition Criteria - The recognition by TIME and Statista was based on a multi-dimensional methodology that evaluated brand recognition, cultural influence, emotional connection, resilience, and "Americanness" [3][6] - The evaluation involved an independent survey of over 10,000 members of the U.S. general population conducted in the summer of 2025 [3] Customer Assurance - CarMax offers a 10-day Money Back Guarantee and a 30-day limited warranty with no mileage limitation and no deductible, providing peace of mind to customers [6][7] - The company allows customers to receive an online offer for their vehicle in two minutes or less, valid for seven days, and offers at-home pickup for sellers [8]

分组1 - Giverny Capital Asset Management reported a portfolio return of 0.01% in Q4 2025, underperforming the S&P 500 which returned 2.66% [1] - Year-to-date, the fund achieved a return of 12.58%, compared to 17.88% for the S&P 500 [1] - The firm faced challenges due to underweighting in large technology stocks and overweighting in smaller niche leaders, despite strong earnings growth from portfolio companies [1] 分组2 - Credit Acceptance Corporation (NASDAQ:CACC) closed at $498.24 per share on January 30, 2026, with a one-month return of 8.26% but a 12-month decline of 2.42% [2] - The market capitalization of Credit Acceptance Corporation is $5.496 billion [2] - Giverny Capital Asset Management exited its position in Credit Acceptance Corporation due to increased competition in the deep subprime lending space and concerns over its technological capabilities [3] 分组3 - Credit Acceptance Corporation was held by 29 hedge fund portfolios at the end of Q3, down from 39 in the previous quarter [4] - While Credit Acceptance Corporation is recognized for its investment potential, Giverny Capital Asset Management believes certain AI stocks present greater upside potential with less downside risk [4]

Giverny Capital Asset Management, LLC, an investment management company, recently published its fourth-quarter 2025 investor letter. A copy of the same can be downloaded here. The Portfolio returned 0.01% compared to 2.66% for the S&P 500. YTD, the fund returned 12.58% compared to 17.88% for the Index. The firm faced a challenging fourth quarter and calendar year, despite solid appreciation. The outperformance of a few large technology companies has negatively impacted performance, given the portfolio's und ...

Core Insights - Giverny Capital Asset Management's portfolio returned 0.01% in Q4 2025, underperforming the S&P 500's 2.66% return, and YTD returns were 12.58% compared to the Index's 17.88% [1] - The firm faced challenges due to underweighting in large technology companies and overweighting in smaller niche leaders, despite strong earnings growth and capital returns from portfolio companies [1] - The market's focus on AI investments has overshadowed the actual benefits of portfolio companies, impacting overall performance [1] Company Insights - Align Technology, Inc. (NASDAQ:ALGN) was highlighted in Giverny Capital Asset Management's Q4 2025 investor letter, noting a one-month return of 5.18% but a 52-week loss of 25.10% [2] - As of January 29, 2026, Align Technology's stock closed at $164.12 per share, with a market capitalization of $11.896 billion [2] - The company is recognized for its innovative product, Invisalign clear aligners, which are expected to gradually replace traditional braces, potentially impacting the orthodontist profession [3]

Core Insights - Courant Investment Management has completely exited its position in CarMax, selling 247,520 shares for an estimated value of $11.11 million, indicating a significant shift in investment strategy [1][2]. Company Overview - CarMax operates a nationwide network of used vehicle retail stores, generating revenue through vehicle sales, financing, and ancillary services, with a total revenue of $25.94 billion and a net income of $457.84 million [4]. - As of January 21, CarMax shares were priced at $48.75, reflecting a 38.7% decline over the past year, significantly underperforming the S&P 500 by 52.3 percentage points [3][4]. Recent Performance - In the third quarter, CarMax reported a 50% year-over-year decline in net earnings to $62 million, with earnings per share (EPS) dropping from $0.81 to $0.43, attributed to softer unit volumes and margin pressures [6]. - Comparable store used unit sales decreased by 9%, although CarMax Auto Finance income increased by 9% to $174.7 million, indicating challenges in the core retail operations [6]. Management Actions - The company is implementing cost-cutting measures, aiming for at least $150 million in reductions in selling, general, and administrative expenses (SG&A) by fiscal 2027, and has repurchased $201.6 million of stock in the last quarter [8].

Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of CarMax, Inc. regarding potential breaches of fiduciary duties by certain officers and directors [1] Group 1: Investigation Details - The investigation focuses on whether CarMax's officers and directors made false or misleading statements about the company's growth prospects [3] - Allegations include that CarMax overstated its growth due to temporary benefits from customer behavior influenced by speculation regarding tariffs [3] Group 2: Shareholder Actions - Shareholders who purchased CarMax shares prior to June 20, 2025, and still hold them can seek corporate reforms and the return of funds at no cost [2][4] - Interested shareholders are encouraged to contact Grabar Law Office for more information on the investigation and potential actions [2][4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against CarMax, Inc. and has reminded investors of the January 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company [1] Group 1 - The investigation is being conducted by a leading national securities law firm with offices in New York, Pennsylvania, California, and Georgia [1] - The federal securities class action has been filed against CarMax, Inc. [1]

Core Viewpoint - A class action securities lawsuit has been filed against CarMax, Inc. alleging securities fraud that affected investors between June 20, 2025, and November 5, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that defendants made false statements and concealed information regarding CarMax's growth prospects, which were overstated due to temporary benefits from customer purchases driven by speculation about tariffs [2]. - It is alleged that the statements made about CarMax's business operations and prospects were materially false and misleading, lacking a reasonable basis during the relevant time [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until January 2, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].