# EDGAR Filing Document

**Accession Number:** 0001259380
**File Stem:** 0001193125-26-013050
**Filing Date:** 2026-1
**Character Count:** 4352
**Document Hash:** 7b3e728456b47d190478ba9587a65ae3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-013050.hdr.sgml**: 20260114

**ACCESSION NUMBER**: 0001193125-26-013050

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260114

**DATE AS OF CHANGE**: 20260114

**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:** 26533921

**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

Filed Pursuant to Rule 433

Registration No. 333-288943

Registration No. 333-288943-03

Free Writing Prospectus dated January 14, 2026

![LOGO](g43068dsp1.jpg)

**CarMax Auto Owner Trust 2026-1** 

Issuing Entity or Trust

**CarMax Business Services, LLC** 

Sponsor and Servicer

**CarMax Auto Funding LLC** 

Depositor and Seller

The depositor has prepared a preliminary prospectus dated January 14, 2026 which describes the notes to be issued by the issuing entity. You should review the preliminary prospectus in its entirety before deciding to purchase any of the notes.

**Ratings** 

The depositor expects that the notes issued by the issuing entity will receive at least the indicated credit ratings from the nationally recognized statistical rating organizations, or "rating agencies," listed below.

---

| | | |
|:---|:---|:---|
|  | **Fitch Ratings, Inc.** | **S&P Global Ratings** |
|  Class A-1 Asset-backed Notes | F1+sf | A-1+ (sf) |
|  Class A-2 Asset-backed Notes | AAAsf | AAA (sf) |
|  Class A-3 Asset-backed Notes | AAAsf | AAA (sf) |
|  Class A-4 Asset-backed Notes | AAAsf | AAA (sf) |
|  Class B Asset-backed Notes | AAsf | AA (sf) |
|  Class C Asset-backed Notes | Asf | A+ (sf) |
|  Class D Asset-backed Notes | BBBsf | A- (sf) |

---

It is a condition to the issuance of the notes that, on the closing date, each class of notes receive at least the ratings listed above.

*Joint Bookrunners of the Class A, B, C and D Notes* 

---

| | | | |
|:---|:---|:---|:---|
| **MUFG** | **BofA Securities** | **RBC Capital Markets** | **Truist Securities** |

---

*Co-Managers of the Class A Notes* 

---

| | | | |
|:---|:---|:---|:---|
| **CIBC Capital Markets** | **SMBC Nikko** | **TD Securities** | **US Bancorp** |

---

The depositor 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 depositor has filed with the SEC for more complete information about the depositor, the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the depositor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-877-649-6848.

The information in this free writing prospectus supersedes information contained in any prior similar free writing prospectus relating to these securities prior to the time of your commitment to purchase.