CarMax Auto Owner Trust 2026-4 has executed a restated trust agreement and issued a series of asset-backed notes on October 21, 2026, according to a Form 8-K filed with the SEC.
The transaction involves CarMax Auto Funding LLC, acting as the depositor, which sold motor vehicle retail installment sale contracts to the trust. The Issuing Entity, a Delaware statutory trust created on September 10, 2026, issued multiple classes of notes to the Depositor. These include Class A-1, Class A-2a, Class A-2b, Class A-3, Class A-4, Class B, Class C, and Class D Asset-backed Notes.
The aggregate original principal amount of the issued notes is $1,333,122,000. The notes were issued pursuant to an Indenture dated October 1, 2026, between the Issuing Entity and U.S. Bank Trust Company, National Association, acting as indenture trustee.
CarMax Business Services, LLC, serves as the servicer for the transferred motor vehicle retail installment sale contracts. The trust agreement was executed with Wilmington Trust, National Association, as owner trustee. Additionally, Clayton Fixed Income Services LLC has been appointed as the asset representations reviewer to monitor compliance with the transaction's representations and warranties.
