secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX AUTO FUNDING LLC (—)
CIK:        0001259380
Form:       8-K
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0001193125-26-020910
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarMax Auto Owner Trust 2026-1 issues $1.3B in asset-backed notes; classes A-1 through D
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1259380/000119312526020910/0001193125-26-020910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1259380/000119312526020910/d39053d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-020910

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