I have one horse and certainly seem to be able to purchase a second one, though I haven't tried it yet.
I'm not sure why you'd want more than one, though. Your horse fast-travels with you, so if you ever need to have it with you, now, you can always fast-travel somewhere (and then immediately back, if necessary), to find a lost horse that way. I've lost my horse more than once, and it's always right there when you fast-travel. I wonder if having more than one horse would cause both to come with you, or maybe just the one you've ridden last...?
I'm sorry I'm not much help.
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