{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-020910","form_type":"8-K","ticker":null,"cik":"0001259380","company_name":"CARMAX AUTO FUNDING LLC","filed_at":"2026-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.676399+00:00","generated_at":"2026-05-16T08:21:41.246823+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CarMax Auto Owner Trust 2026-1 issues $1.3B in asset-backed notes; classes A-1 through D","bullets":["Underwriting agreement signed Jan 21, 2026 for $1.3B aggregate principal balance of asset-backed notes.","Notes include $317M Class A-1, $250M A-2a, $170.5M A-2b, $420.5M A-3, $85.16M A-4, $26.13M B, $17.64M C, $13.07M D.","Issuance expected on or about January 28, 2026, backed by auto receivables originated by CarMax.","Proceeds to be used to purchase motor vehicle retail installment sale contracts; MUFG Securities Americas Inc. as underwriter representative.","Transaction structured through special-purpose trust with various servicer, trustee, and control agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-020910","json":"https://secwatch.observer/filing/0001193125-26-020910.json","markdown":"https://secwatch.observer/filing/0001193125-26-020910.md","text":"https://secwatch.observer/filing/0001193125-26-020910.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1259380/000119312526020910/0001193125-26-020910-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1259380/000119312526020910/d39053d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T08:21:41.246823+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2ed42c622dfd64b5858fb27e5c78b6b714900939","claim":"CARMAX AUTO FUNDING LLC entered into Underwriting Agreement with MUFG Securities Americas Inc., as representative of the several underwriters named therein valued at $1,300,000,000 aggregate principal balance (effective 2026-01-21).","evidence_excerpt":"On January 21, 2026, 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 $1,300,000,000 aggregate principal balance of various classes of Asset-backed Notes to be issued by CarMax Auto Owner Trust 2026-1 (the “Issuing Entity”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1259380/000119312526020910/0001193125-26-020910-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"MUFG Securities Americas Inc., as representative of the several underwriters named therein"},{"label":"Value","value":"$1,300,000,000 aggregate principal balance"},{"label":"Effective","value":"2026-01-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}