# EDGAR Filing Document

**Accession Number:** 0002094950
**File Stem:** 0001193125-26-018350
**Filing Date:** 2026-1
**Character Count:** 4423
**Document Hash:** b41cc8481baec54a02016f3ac44fdc62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-018350.hdr.sgml**: 20260122

**ACCESSION NUMBER**: 0001193125-26-018350

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260122

**DATE AS OF CHANGE**: 20260121

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CarMax Auto Owner Trust 2026-1
- **CENTRAL INDEX KEY:** 0002094950
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-288943-03
- **FILM NUMBER:** 26549385

**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]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 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**<br> **Dated January 21, 2026**<br> **Filed Pursuant to Rule 433(d)**<br> **Registration No. 333-288943**<br> **Registration No. 333-288943-03**<br>

$1.3bn CarMax (CARMX) 2026-1

Joint Bookrunners: MUFG (str), BofA, RBC, Truist

Co-Managers: CIBC, SMBC, TD, US Bank

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CLS | AMT(MM) | WAL | S/F | P-WIN | E.FNL | L.FNL | BENCH | SPRD | YLD% | CPN% | PRICE |
| A-1 | 317.000 | 0.30 | A-1+/F1+ | 1-8 | 09/26 | 02/27 | I-CURVE | +14 | 3.806 | 3.806 | 100.00000 |
| A-2A | 250.000 | 1.19 | AAA/AAA | 8-23 | 12/27 | 04/29 | I-CURVE | +37 | 3.909 | 3.87 | 99.99141 |
| A-2B | 170.500 | 1.19 | AAA/AAA | 8-23 | 12/27 | 04/29 | SOFR30A | +37 |  |  | 100.00000 |
| A-3 | 420.500 | 2.73 | AAA/AAA | 23-46 | 11/29 | 03/31 | I-CURVE | +44 | 4.081 | 4.04 | 99.98278 |
| A-4 | 85.160 | 3.94 | AAA/AAA | 46-48 | 01/30 | 03/32 | I-CURVE | +48 | 4.219 | 4.18 | 99.99148 |
| B | 26.130 | 3.96 | AA/AA | 48-48 | 01/30 | 03/32 | I-CURVE | +60 | 4.341 | 4.30 | 99.99196 |
| C | 17.640 | 3.96 | A+/A | 48-48 | 01/30 | 03/32 | I-CURVE | +85 | 4.591 | 4.54 | 99.97231 |
| D | 13.070 | 3.96 | A-/BBB | 48-48 | 01/30 | 01/33 | I-CURVE | +125 | 4.991 | 4.93 | 99.96470 |

---

- TRANSACTION DETAILS -

BBG Ticker : CARMX 2026-1

Offered Size : $1,300,000,000

Format : SEC Registered

Expected Ratings : S&P / Fitch

ERISA : Yes

Risk Retention : US = Yes, EU = No

Min Denoms : $5k x $1k

Pricing Speed : 1.30% ABS to 10% Clean-Up Call

Expected Settle : 01/28/2026

First Pay Date : 02/17/2026

B&D : MUFG

- AVAILABLE MATERIALS -

Preliminary Offering Circular, Intex CDI (attached), DealRoadshow

Intex Deal Name : mitcarmx_20261_upsize

Intex Passcode : 34VU

DealRoadshow : <u>https://dealroadshow.com/e/CARMX261</u>

DRS Passcode : CARMX261

SSAP : CARMX20261

- CUSIPS -

A1: 14320XAA9

A2A: 14320XAB7

A2B: 14320XAC5

A3: 14320XAD3

A4: 14320XAE1

B: 14320XAF8

C: 14320XAG6

D: 14320XAH4

THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING 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 SEARCHING THE SEC ONLINE DATABASE (EDGAR<sup>®</sup>) 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 1-877-649-6848.

MUFG SPG Syndicate: 212-405-7366