EXHIBIT 33.2
 
 
 ASSESSMENT OF COMPLIANCE WITH THE APPLICABLE SERVICING CRITERIA
 
 The management (“ Management ”) of the Corporate Trust Services division of Wells Fargo Bank, National Association (the “ Company ”) is responsible for assessing the Company’s compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission.  Management has determined that the servicing criteria are applicable in regards to the servicing platform for the period as follows:
 Period :  As of and for the twelve months ended February 29, 2020 (the “ Period ”).
 Platform :  The platform consists of  asset-backed securities (“ ABS ”) transactions for which the Company provides trustee and/or paying agent services and for which (a) either (i) some or all of the issued securities for such ABS transactions were publicly offered pursuant to a registration statement delivered under the Securities Act of 1933, as amended, or (ii) the issued securities for such ABS transactions were privately offered pursuant to an exemption from registration and the Company either has an obligation under the transaction agreements or was requested by the sponsor or depositor to deliver an assessment of compliance with the applicable servicing criteria under Item 1122(d) of Regulation AB, and (b) the issuing entity has a fiscal year that ends on February 28 (or February 29, if applicable) (the “ February ABS Platform ”). Appendix A identifies the individual transactions defined by Management as constituting the February ABS Platform for the Period.
 Applicable Servicing Criteria :  All servicing criteria set forth in Item 1122(d) applicable to the Company’s obligations in the related transaction agreements with respect to the February ABS Platform for the Period, except for the following servicing criteria: 1122(d)(1)(i), 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(1)(v), 1122(d)(2)(i), 1122(d)(2)(iii), 1122(d)(2)(vi), 1122(d)(2)(vii), 1122(d)(3)(i) and 1122(d)(4)(i) - 1122(d)(4)(xv), which Management has determined are not applicable to the Company’s obligations in the related transaction agreements with respect to the February ABS Platform for the Period; provided however that, with respect to the February ABS Platform, servicing criterion 1122(d)(3)(ii) is applicable only as it relates to the Company’s obligation to make remittances to investors in accordance with the transaction agreements (the “ Applicable Servicing Criteria ”).
 With respect to the February ABS Platform and the Period, Management provides the following assessment of the Company’s compliance with respect to the Applicable Servicing Criteria:
 1.  Management is responsible for assessing the Company’s compliance with the Applicable Servicing Criteria.
 2.  Management has assessed the Company’s compliance with the Applicable Servicing Criteria.  In performing this assessment, Management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122 of Regulation AB.
 3.  With respect to applicable servicing criterion 1122(d)(1)(ii), Management has determined that there were no activities performed during the Period with respect to the February ABS Platform, because there were no occurrences of events that would require the Company to perform such activities.
 4.  Based on such assessment for the Period, the Company has complied in all material respects with the Applicable Servicing Criteria.
 KPMG LLP, an independent registered public accounting firm, has issued an attestation report with respect to Management’s assessment of the Company’s compliance with the Applicable Servicing Criteria for the Period.
 
 
 WELLS FARGO BANK, National AssociationBy:/s/ Bruce WanderseeBruce WanderseeTitle:Senior Vice PresidentDated:April 17, 2020
 
 
 
  
 
 
 Appendix A to the Company’s Assessment of Compliance with the Applicable Servicing Criteria
 
 February ABS Platform TransactionsCarMax Auto Owner Trust 2015-1CarMax Auto Owner Trust 2015-2CarMax Auto Owner Trust 2015-3CarMax Auto Owner Trust 2015-4CarMax Auto Owner Trust 2016-1CarMax Auto Owner Trust 2016-2CarMax Auto Owner Trust 2016-3
 
 
 Appendix A-1