---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-061053"
form_type: "8-K"
ticker: null
cik: "0001259380"
company_name: "CARMAX AUTO FUNDING LLC"
filed_at: "2026-02-20T23:59:59+00:00"
generated_at: "2026-05-16T01:24:52.092124+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CarMax closes $750M asset-backed note issuance via CarMax Select Receivables Trust 2026-A

## Summary
- Total $750M in notes issued; classes include $143M A-1, $272.8M A-2a, $45M A-2b, $107.3M A-3, $46.5M B, $65.8M C, $53.5M D.
- Closing expected on or about February 25, 2026; underwriting agreement with Barclays Capital as representative.
- CarMax Business Services will service the underlying auto loan receivables.
- Notes registered under existing SF-3 shelf registration (filed July 2025).
- Private placement of $16.2M Class E notes not included in public offering.

## SEC filing metadata
- accession: 0001193125-26-061053
- form_type: 8-K
- cik: 0001259380
- company_name: CARMAX AUTO FUNDING LLC
- filed_at: 2026-02-20T23:59:59+00:00
- event_type: debt
- 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/1259380/000119312526061053/0001193125-26-061053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1259380/000119312526061053/d946411d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-061053
- JSON: https://secwatch.observer/filing/0001193125-26-061053.json
- Plain text: https://secwatch.observer/filing/0001193125-26-061053.txt

## Key facts
- Material Agreements
  CARMAX AUTO FUNDING LLC entered into Underwriting Agreement with Barclays Capital Inc., as representative of the several underwriters named therein valued at $750,000,000 aggregate principal balance (effective 2026-02-18).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Barclays Capital Inc., as representative of the several underwriters named therein
  - Value: $750,000,000 aggregate principal balance
  - Effective: 2026-02-18
  source text: On February 18, 2026, CarMax Business Services, LLC (“CarMax Business Services”) and CarMax Auto Funding LLC (the “Depositor”) entered into an Underwriting Agreement with Barclays Capital Inc., as representative of the several underwriters named therein (collectively, the “Underwriters”), whereby each of the Underwriters has severally agreed to purchase $750,000,000 aggregate principal balance of various classes of Asset-backed Notes to be issued by CarMax Select Receivables Trust 2026-A (the “Issuing Entity”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1259380/000119312526061053/0001193125-26-061053-index.htm

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