Exhibit 99.1

MONTHLY SERVICER'S CERTIFICATE

CARMAX BUSINESS SERVICES, LLC

CARMAX AUTO OWNER TRUST

SERIES 2016-1



Collection Period		12/01/19-12/31/19
Determination Date		1/9/2020
Distribution Date		1/15/2020

Additional information, including defined terms, can be found in the prospectus on the SEC's EDGAR system (http://www.sec.gov) under File No. 333-207329-01.



Pool Balance
1.	Pool Balance on the close of the last day of the preceding Collection Period			$	145,854,679.55
2.	Collections allocable to Principal			$	10,570,412.02
3.	Purchase Amount allocable to Principal			$	0.00
4.	Defaulted Receivables			$	347,618.14
5.	Pool Balance on the close of the last day of the related Collection Period			$	134,936,649.39
	(Ln1 - Ln2 - Ln3 - Ln4)
6.	Total number of Receivables outstanding on the close of the last day of the related Collection Period			23,676
7.	Initial Pool Balance			$	1,140,000,021.52
		Beginning of Period		End of Period
8.	Note Balances
	a. Class A-1 Note Balance	$	0.00	$	0.00
	b. Class A-2a Note Balance	$	0.00	$	0.00
	c. Class A-2b Floating Rate Note Balance	$	0.00	$	0.00
	d. Class A-3 Note Balance	$	0.00	$	0.00
	e. Class A-4 Note Balance	$	63,214,679.42	$	52,296,649.26
	f. Class B Note Balance	$	20,000,000.00	$	20,000,000.00
	g. Class C Note Balance	$	23,900,000.00	$	23,900,000.00
	h. Class D Note Balance	$	31,900,000.00	$	31,900,000.00
	i. Note Balance (sum a - h)	$	139,014,679.42	$	128,096,649.26
9.	Pool Factors
	a. Class A-1 Note Pool Factor	0.0000000		0.0000000
	b. Class A-2a Note Pool Factor	0.0000000		0.0000000
	c. Class A-2b Floating Rate Note Pool Factor	0.0000000		0.0000000
	d. Class A-3 Note Pool Factor	0.0000000		0.0000000
	e. Class A-4 Note Pool Factor	0.6066668		0.5018872
	f. Class B Note Pool Factor	1.0000000		1.0000000
	g. Class C Note Pool Factor	1.0000000		1.0000000
	h. Class D Note Pool Factor	1.0000000		1.0000000
	i. Note Pool Factor	0.1219427		0.1123655
10.	Overcollateralization Target Amount			$	6,840,000.13
11.	Current overcollateralization amount (Pool Balance - Note Balance)			$	6,840,000.13
12.	Weighted Average Coupon			7.92		%
13.	Weighted Average Original Term	months		69.03
14.	Weighted Average Remaining Term	months		19.08
15.	1-Month LIBOR for the interest period ending 1/14/2020			1.73975		%
16.	Note Rate applicable to the Class A-2b notes for the interest period ending 1/14/2020			N/A
Collections
17.	Finance Charges:
	a. Collections allocable to Finance Charge			$	1,010,616.35
	b. Liquidation Proceeds allocable to Finance Charge			$	3,377.07
	c. Purchase Amount allocable to Finance Charge			$	0.00
	d. Available Finance Charge Collections (sum a - c)			$	1,013,993.42
18.	Principal:
	a. Collections allocable to Principal			$	10,570,412.02
	b. Liquidation Proceeds allocable to Principal			$	163,493.17
	c. Purchase Amount allocable to Principal			$	0.00
	d. Available Principal Collections (sum a - c)			$	10,733,905.19
19.	Total Finance Charge and Principal Collections (17d + 18d)			$	11,747,898.61
20.	Interest Income from Collection Account			$	12,665.34
21.	Simple Interest Advances			$	0.00
22.	Available Collections (Ln19 + 20 + 21)			$	11,760,563.95



Available Funds
23.	Available Collections	$	11,760,563.95
24.	Reserve Account Draw Amount	$	0.00
25.	Available Funds	$	11,760,563.95
Application of Available Funds
26.	Servicing Fee
	a. Monthly Servicing Fee	$	121,545.57
	b. Amount Unpaid from Prior Months	$	0.00
	c. Amount Paid	$	121,545.57
	d. Shortfall Amount (a + b - c)	$	0.00
27.	Unreimbursed Servicer Advances	$	0.00
28.	Successor Servicer and Asset Representations Reviewer Unpaid Expenses and Indemnity Amounts
	a. Successor Servicer Unpaid Transition Expenses and Indemnity Amounts (Capped at $175,000 annually)	$	0.00
	b. Successor Servicer Amount Paid	$	0.00
	c. Successor Servicer Shortfall Amount (a - b)	$	0.00
	d. Asset Representations Reviewer Fees, Expenses and Indemnity Amounts (Capped at $175,000 annually)	$	0.00
	e. Asset Representations Reviewer Amount Paid	$	0.00
	f. Asset Representations Reviewer Shortfall Amount (d - e)	$	0.00
29.	Class A Noteholder Interest Amounts
	a. Class A-1 Monthly Interest	$	0.00
	b. Additional Note Interest related to Class A-1 Monthly Interest	$	0.00
	c. Interest Due on Additional Note Interest related to Class A-1 Monthly Interest	$	0.00
	d. Total Class A-1 Note Interest (sum a - c)	$	0.00
	e. Class A-2a Monthly Interest	$	0.00
	f. Additional Note Interest related to Class A-2a Monthly Interest	$	0.00
	g. Interest Due on Additional Note Interest related to Class A-2a Monthly Interest	$	0.00
	h. Total Class A-2a Note Interest (sum e - g)	$	0.00
	i. Class A-2b Monthly Interest	$	0.00
	j. Additional Note Interest related to Class A-2b Monthly Interest	$	0.00
	k. Interest Due on Additional Note Interest related to Class A-2b Monthly Interest	$	0.00
	l. Total Class A-2b Note Interest (sum i - k)	$	0.00
	m. Class A-3 Monthly Interest	$	0.00
	n. Additional Note Interest related to Class A-3 Monthly Interest	$	0.00
	o. Interest Due on Additional Note Interest related to Class A-3 Monthly Interest	$	0.00
	p. Total Class A-3 Note Interest (sum m - o)	$	0.00
	m. Class A-4 Monthly Interest	$	99,036.33
	r. Additional Note Interest related to Class A-4 Monthly Interest	$	0.00
	s. Interest Due on Additional Note Interest related to Class A-4 Monthly Interest	$	0.00
	t. Total Class A-4 Note Interest (sum q - s)	$	99,036.33
30.	Priority Principal Distributable Amount	$	0.00
31.	Class B Noteholder Interest Amount
	a. Class B Monthly Interest	$	37,000.00
	b. Additional Note Interest related to Class B Monthly Interest	$	0.00
	c. Interest Due on Additional Note Interest related to Class B Monthly Interest	$	0.00
	d. Total Class B Note Interest (sum a - c)	$	37,000.00
32.	Secondary Principal Distributable Amount	$	0.00
33.	Class C Noteholder Interest Amount
	a. Class C Monthly Interest	$	50,190.00
	b. Additional Note Interest related to Class C Monthly Interest	$	0.00
	c. Interest Due on Additional Note Interest related to Class C Monthly Interest	$	0.00
	d. Total Class C Note Interest (sum a - c)	$	50,190.00
34.	Tertiary Principal Distributable Amount	$	0.00
35.	Class D Noteholder Interest Amount
	a. Class D Monthly Interest	$	82,674.17
	b. Additional Note Interest related to Class D Monthly Interest	$	0.00
	c. Interest Due on Additional Note Interest related to Class D Monthly Interest	$	0.00



d. Total Class D Note Interest (sum a - c)	$	82,674.17



36.	Quaternary Principal Distributable Amount	$	4,078,030.03
37.	Required Payment Amount (Ln 26 + Ln 28 + (sum of Ln 29 through Ln 36))	$	4,468,476.10
38.	Reserve Account Deficiency	$	0.00
39.	Regular Principal Distributable Amount	$	6,840,000.13
40.	Remaining Unpaid Servicer Transition Expenses and Additional Servicing Fees, if any	$	0.00
41.	Remaining Unpaid Asset Representations Reviewer Fees, Expenses and Indemnity Amounts, if any	$	0.00
42.	Remaining Unpaid Successor Servicer Indemnity Amounts, if any	$	0.00
Collection Account Activity
43.	Deposits
	a. Total Daily Deposits of Finance Charge Collections	$	1,013,993.42
	b. Total Daily Deposits of Principal Collections	$	10,733,905.19
	c. Withdrawal from Reserve Account	$	0.00
	d. Interest Income	$	12,665.34
	e. Total Deposits to Collection Account (sum a - d)	$	11,760,563.95
44.	Withdrawals
	a. Servicing Fee and Unreimbursed Servicer Advances	$	121,545.57
	b. Successor Servicer Transition Expenses and Indemnity Amounts	$	0.00
	c. Deposit to Note Payment Account for Monthly Note Interest/Principal	$	11,186,930.66
	d. Deposit to Reserve Account	$	0.00
	e. Excess Collections (Deposit to Certificate Payment Account for payment to Certificateholder)	$	452,087.72
	f. Total Withdrawals from Collection Account (sum a - e)	$	11,760,563.95
Note Payment Account Activity
45.	Deposits
	a. Class A-1 Interest Distribution	$	0.00
	b. Class A-2a Interest Distribution	$	0.00
	c. Class A-2b Interest Distribution	$	0.00
	d. Class A-3 Interest Distribution	$	0.00
	e. Class A-4 Interest Distribution	$	99,036.33
	f. Class B Interest Distribution	$	37,000.00
	g. Class C Interest Distribution	$	50,190.00
	h. Class D Interest Distribution	$	82,674.17
	i. Class A-1 Principal Distribution	$	0.00
	j. Class A-2a Principal Distribution	$	0.00
	k. Class A-2b Principal Distribution	$	0.00
	l. Class A-3 Principal Distribution	$	0.00
	m. Class A-4 Principal Distribution	$	10,918,030.16
	n. Class B Principal Distribution	$	0.00
	o. Class C Principal Distribution	$	0.00
	p. Class D Principal Distribution	$	0.00
	q. Total Deposits to Note Payment Account (sum a - p)	$	11,186,930.66
46.	Withdrawals
	a. Class A-1 Distribution	$	0.00
	b. Class A-2a Distribution	$	0.00
	c. Class A-2b Distribution	$	0.00
	d. Class A-3 Distribution	$	0.00
	e. Class A-4 Distribution	$	11,017,066.49
	f. Class B Distribution	$	37,000.00
	g. Class C Distribution	$	50,190.00
	h. Class D Distribution	$	82,674.17
	i. Total Withdrawals from Note Payment Account (sum a - h)	$	11,186,930.66



Certificate Payment Account Activity
47.	Deposits
	a. Excess Collections	$	452,087.72
	b. Reserve Account surplus (Ln 57)	$	3,720.24
	c. Total Deposits to Certificate Payment Account (sum a - b)	$	455,807.96
48.	Withdrawals
	a. Certificateholder Distribution	$	455,807.96
	b. Total Withdrawals from Certificate Payment Account	$	455,807.96
Required Reserve Account Amount
49.	Lesser of: (a or b)
	a. $2,850,000.05	$	2,850,000.05
	b. Note Balance	$	128,096,649.26
50.	Required Reserve Account Amount	$	2,850,000.05
Reserve Account Reconciliation
51.	Beginning Balance (as of end of preceding Distribution Date)	$	2,850,000.05
52.	Investment Earnings	$	3,720.24
53.	Reserve Account Draw Amount	$	0.00
54.	Reserve Account Amount (Ln 51 + Ln 52 - Ln 53)	$	2,853,720.29
55.	Deposit from Available Funds (Ln 44d)	$	0.00
56.	If Reserve Account Balance exceeds Required Reserve Account Amount, payment to
	a. the Note Payment Account for the payment of principal to the extent of any unfunded Regular Principal Distribution Amount; and	$	0.00
	b. any Successor Servicer for the payment of any unfunded Transition Costs and Additional Servicing Fee	$	0.00
57.	Payment to Certificateholder if Reserve Account Balance exceeds Required Reserve Account Amount and to the extent no unfunded amounts described in Ln 56 exist	$	3,720.24
58.	Ending Balance (Ln54 + Ln55 - Ln56 - Ln57)	$	2,850,000.05
59.	Reserve Account Deficiency (Ln50 - Ln58)	$	0.00
Instructions to the Trustee
60.	Amount to be deposited from the Reserve Account into the Collection Account	$	0.00
61.	Amount to be paid to Servicer from the Collection Account	$	121,545.57
62.	Amount to be deposited from the Collection Account into the Note Payment Account	$	11,186,930.66
63.	Amount to be deposited from the Collection Account into the Certificate Payment Account	$	452,087.72
64.	Amount to be deposited from the Collection Account into the Reserve Account	$	0.00
65.	Amount to be deposited from the Reserve Account, if Reserve Account Balance exceeds Required Reserve Account Amount, into
	a. the Note Payment Account for any unfunded Regular Principal Distributable Amount	$	0.00
	b. the Certificate Payment Account for payment to the Certificateholder, if no unfunded Regular Principal distributable amount exists	$	3,720.24
66.	Amount to be paid to Class A-1 Noteholders from the Note Payment Account	$	0.00
67.	Amount to be paid to Class A-2a Noteholders from the Note Payment Account	$	0.00
68.	Amount to be paid to Class A-2b Noteholders from the Note Payment Account	$	0.00
69.	Amount to be paid to Class A-3 Noteholders from the Note Payment Account	$	0.00
70.	Amount to be paid to Class A-4 Noteholders from the Note Payment Account	$	11,017,066.49
71.	Amount to be paid to Class B Noteholders from the Note Payment Account	$	37,000.00
72.	Amount to be paid to Class C Noteholders from the Note Payment Account	$	50,190.00
73.	Amount to be paid to Class D Noteholders from the Note Payment Account	$	82,674.17
74.	Amount to be paid to Certificateholders from the Certificate Payment Account with respect to Excess Collections and Reserve Account surplus	$	455,807.96



Delinquency Activity
		Number of Loans	Principal Balance
75.	Delinquency Analysis
	a. 31 to 60 days past due	767	$	6,303,540.45
	b. 61 to 90 days past due	409	$	3,646,704.69
	c. 91 to 120 days past due	79	$	666,066.54
	d. 121 or more days past due	1	$	7,854.46
	e. Total Past Due (sum a - d)	1,256	$	10,624,166.14
	f. Delinquent Loans as a percentage of end of period Pool Balance (Ln 75e / Ln 5)		7.8734		%

76.	Has a Delinquency Trigger Event occurred?		No

Loss Activity
		Number of Loans	Principal Balance

77.	Defaulted Receivables (charge-offs)	45	$	347,618.14
78.	Recoveries	169	$	166,870.24
79.	Net Losses (Ln 77 - Ln 78)		$	180,747.90
80.	Ratio of Net Losses to Beginning of Period Pool Balance (Ln 79 / Ln 1)		0.1239		%

Cumulative Loss Activity
		Number of Loans	Principal Balance

81.	Defaulted Receivables (charge-offs)	3,697	$	47,486,441.14
82.	Recoveries	3,127	$	20,879,718.86
83.	Cumulative Net Losses (Ln 81 - Ln 82)		$	26,606,722.28
84.	Ratio of Cumulative Net Losses to Initial Pool Balance (Ln 83 / Ln 7)		2.3339		%
85.	Average Net Loss on Defaulted Receivables		$	7,196.84

Servicer Covenant
86.	CarMax, Inc Consolidated Tangible Net Worth as of the end of the Related Fiscal Quarter		$	3,596,234,000.00
87.	Is CarMax, Inc Consolidated Tangible Net Worth greater than $1,000,000,000?		Yes

IN WITNESS WHEREOF, the undersigned has duly executed this certificate on January 9, 2020.



CARMAX BUSINESS SERVICES, LLC

As Servicer

By:	/s/ Andrew J. McMonigle

Name:	Andrew J. McMonigle

Title:	Vice President and Treasurer

CarMax Auto Owner Trust 2016-1 10-D