# EDGAR Filing Document

**Accession Number:** 0001259380
**File Stem:** 0001193125-23-011141
**Filing Date:** 2023-1
**Character Count:** 4494
**Document Hash:** 968e787f31d028c1da276666884259ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-011141.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001193125-23-011141

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230119

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CarMax Auto Owner Trust 2023-1
- **CENTRAL INDEX KEY:** 0001959426
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-260819-05
- **FILM NUMBER:** 23538550

**BUSINESS ADDRESS:**
- **STREET 1:** 12800 TUCKAHOE CREEK PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23238
- **BUSINESS PHONE:** (804) 935-4512

**MAIL ADDRESS:**
- **STREET 1:** 12800 TUCKAHOE CREEK PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23238
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CARMAX AUTO FUNDING LLC
- **CENTRAL INDEX KEY:** 0001259380
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 010794037
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 12800 TUCKAHOE CREEK PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23238
- **BUSINESS PHONE:** (804) 935-4512

**MAIL ADDRESS:**
- **STREET 1:** 12800 TUCKAHOE CREEK PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23238

**Free Writing Prospectus** 

**Dated January 19, 2023** 

**Filed Pursuant to Rule 433(d)** 

**Registration No. 333-260819** 

**Registration No. 333-260819-05** 

$1,455,200,000 CarMax Auto Owner Trust (CARMX 2023-1)

Jt-Leads: BofA (struc), SMBC, TD, Wells

Co-Mgrs: Academy, CIBC, Seelaus, Scotia, Truist

Size

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CLS | $mm | WAL | S&P/F | PWIN | E.Final | L.Final | BENCH | SPRD | YLD | CPN | $PRICE |
|  A-1 | 284.100 | 0.27 | A-1+/F-1+ | 1-7 | 08/23 | 02/15/24 | I-CRV | +28 | 4.964 |  | 100.00000 |
|  A-2A | 326.200 | 1.08 | AAA/AAA | 7-21 | 10/24 | 01/15/26 | I-CRV | +70 | 5.297 | 5.23 | 99.99030 |
|  A-2B | 145.000 | 1.08 | AAA/AAA | 7-21 | 10/24 | 01/15/26 | SOFR30A | +70 |  |  | 100.00000 |
|  A-3 | 471.300 | 2.45 | AAA/AAA | 21-40 | 05/26 | 10/15/27 | I-CRV | +83 | 4.801 | 4.75 | 99.99171 |
|  A-4 | 106.300 | 3.59 | AAA/AAA | 40-47 | 12/26 | 01/16/29 | I-CRV | +100 | 4.700 | 4.65 | 99.98489 |
|  B | 38.800 | 3.89 | AA/AA | 47-47 | 12/26 | 01/16/29 | I-CRV | +138 | 5.036 | 4.98 | 99.98621 |
|  C | 35.000 | 3.89 | A/A | 47-47 | 12/26 | 01/16/29 | I-CRV | +160 | 5.256 | 5.19 | 99.96734 |
|  D | 48.500 | 3.89 | BBB/BBB | 47-47 | 12/26 | 11/15/29 | I-CRV | +270 | 6.356 | 6.27 | 99.98848 |

---

---

| | |
|:---|:---|
| BILL & DELIVER : BofA | EXP PRICING: Priced 1/19/23 |
| EXPECTED RATINGS: S&P/Fitch | BBG TICKER : CARMX 2023-1 XMR3 |
| EXPECTED SETTLE : 1/25/23 | FORMAT : SEC Registered |

---

------

---

| | |
|:---|:---|
| FIRST PAY DATE : 2/15/23 | PXG SPEED : 1.3% ABS to 10% Call |
| ERISA ELIGIBLE : Yes | MIN DENOMS : $5k x $1K |
| Intexnet : bascarx2301_upsize U2KK | Intexnet : bascarx2301_upsize U2KK |

---

<u>https://dealroadshow.com/e/CARMX20231</u> 

CUSIPS

A1 14318DAA7

A2a 14318DAB5

A2b 14318DAH2

A-3 14318DAC3

A-4 14318DAD1

B 14318DAE9

C 14318DAF6

D 14318DAG4

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at <u>www.sec.gov</u>. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-294-1322 or you may e-mail a request to <u>prospectus_request@bofa.com</u>. The securities may not be suitable for all investors. BofA Securities, Inc. and its affiliates may acquire, hold or sell positions in these securities, or in related derivatives, and may have an investment or commercial banking relationship with the issuer.