debt
confidence high
sentiment neutral
materiality 0.35
CarMax unit prices $600M auto-loan ABS via CarMax Select Receivables Trust 2026-C
CarMax Select Receivables Trust 2026-C
- Underwriting Agreement signed Sept 22, 2026 for $600M total asset-backed notes; issuance expected on or about Sept 28, 2026.
- Publicly offered classes total $588.24M: A-1 $99.4M, A-2 $203.4M, A-3 $153.38M, B $32.47M, C $54.13M, D $45.46M.
- Class E notes of $11.76M are not offered publicly under the prospectus.
- J.P. Morgan Securities leads underwriters; proceeds fund purchase of CarMax auto retail installment sale contracts.
- CarMax Business Services will service receivables; Clayton Fixed Income Services named asset representations reviewer.