debt
confidence high
sentiment neutral
materiality 0.50
CarMax Select Receivables Trust 2026-B issues $600M in asset-backed notes
CarMax Select Receivables Trust 2026-B
- CarMax Auto Funding LLC closed $600M note issuance on June 16, 2026, through CarMax Select Receivables Trust 2026-B.
- Notes include Classes A-1, A-2, A-3, B, C, D, and E secured by motor vehicle retail installment contracts.
- CarMax Business Services, LLC will service the receivables; transaction uses grantor trust structure.
- Issuance under effective shelf registration (File No. 333-288943) with customary representations and warranties.