---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-102585"
form_type: "8-K"
ticker: null
cik: "0001259380"
company_name: "CARMAX AUTO FUNDING LLC"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T15:17:33.473887+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CarMax trust issues $1.6B in 8 classes of asset-backed notes, due April 24

## Summary
- $1.6B aggregate principal: Class A-1 $309M, A-2a $410M, A-2b $125M, A-3 $535M, A-4 $88.8M, B $50.8M, C $48.4M, D $33.1M.
- Underwriting agreement with MUFG Securities Americas Inc.; notes registered under Securities Act.
- Proceeds to fund purchase of motor vehicle retail installment contracts originated by CarMax.
- Transaction documents include Sale and Servicing Agreement, Receivables Purchase Agreement, Indenture, and related agreements.

## SEC filing metadata
- accession: 0001193125-24-102585
- form_type: 8-K
- cik: 0001259380
- company_name: CARMAX AUTO FUNDING LLC
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1259380/000119312524102585/0001193125-24-102585-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1259380/000119312524102585/d722218d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-102585
- JSON: https://secwatch.observer/filing/0001193125-24-102585.json
- Plain text: https://secwatch.observer/filing/0001193125-24-102585.txt

## Key facts
- Material Agreements
  CARMAX AUTO FUNDING LLC entered into Underwriting Agreement with MUFG Securities Americas Inc., as representative of the several underwriters named therein valued at $1,600,000,000 aggregate principal balance (effective 2024-04-17).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: MUFG Securities Americas Inc., as representative of the several underwriters named therein
  - Value: $1,600,000,000 aggregate principal balance
  - Effective: 2024-04-17
  source text: On April 17, 2024, CarMax Business Services, LLC (“CarMax Business Services”) and CarMax Auto Funding LLC (the “Depositor”) entered into an Underwriting Agreement with MUFG Securities Americas Inc., as representative of the several underwriters named therein (collectively, the “Underwriters”), whereby each of the Underwriters has severally agreed to purchase $1,600,000,000 aggregate principal balance of various classes of Asset-backed Notes to be issued by CarMax Auto Owner Trust 2024-2
  evidence_url: https://www.sec.gov/Archives/edgar/data/1259380/000119312524102585/0001193125-24-102585-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.