CARMAX AUTO FUNDING LLC: issues $1,333,122,000 of asset-backed notes

What happened The filing says CarMax Auto Funding LLC registered an issuance of asset-backed notes on Form SF-3 (Registration Statement filed Jul 25, 2025). On Oct 21, 2026 (the Closing Date), the Depositor entered into an Amended and Restated Trust Agreement with Wilmington Trust, National Association, and CarMax Business Services, LLC sold specified motor vehicle retail installment sale contracts to the Depositor under a Receivables Purchase Agreement. On the Closing Date, the Depositor transferred those contracts to CarMax Auto Owner Trust 2026-4 (the Issuing Entity), and the Issuing Entity issued Class A-1, Class A-2a, Class A-2b, Class A-3, Class A-4, Class B, Class C and Class D asset-backed notes to the Depositor having an aggregate original principal amount of $1,333,122,000 under an Indenture with U.S. Bank Trust Company, National Association.

Key details

• Closing Date: Oct 21, 2026.
• Aggregate original principal amount of notes issued: $1,333,122,000.
• Issuing Entity: CarMax Auto Owner Trust 2026-4, a Delaware statutory trust created on Sep 10, 2026.
• Agreements noted in the filing include an Amended and Restated Trust Agreement, a Receivables Purchase Agreement, a Sale and Servicing Agreement (CarMax Business Services as servicer), and an Indenture with U.S. Bank Trust Company, National Association as indenture trustee.

Why it may matter This filing reports Item 8.01 (other events), describing the transfer of motor vehicle retail installment sale contracts to an issuing trust and the issuance of $1,333,122,000 of asset-backed notes; Item 9.01 includes related exhibits. A filing does not show why the insider traded or why the company acted.