CarMax Trust 2025-B Files 8-K on Auto Loan ABS
| Field | Detail |
|---|---|
| Company | Carmax Select Receivables Trust 2025-B |
| Form Type | 8-K |
| Filed Date | Sep 24, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $900,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: asset-backed-securities, auto-loans, securitization, reporting
TL;DR
CarMax Auto Funding's 2025-B trust filed an 8-K for auto loan ABS. Nothing major, just routine reporting.
AI Summary
CarMax Auto Funding LLC, through its trust CarMax Select Receivables Trust 2025-B, filed an 8-K on September 24, 2025, reporting on other events and financial statements. The filing pertains to asset-backed securities related to auto loans.
Why It Matters
This filing provides transparency into the structure and financial reporting of CarMax's securitized auto loan assets, which is crucial for investors in these asset-backed securities.
Risk Assessment
Risk Level: low — The filing is a routine 8-K for an asset-backed securities trust, not indicating any immediate operational or financial distress for CarMax.
Key Players & Entities
- CarMax Auto Funding LLC (company) — Filer of the asset-backed securities trust
- CarMax Select Receivables Trust 2025-B (company) — Issuing entity for auto loan asset-backed securities
- September 24, 2025 (date) — Date of the earliest event reported in the 8-K
FAQ
What is the primary purpose of the CarMax Select Receivables Trust 2025-B?
The CarMax Select Receivables Trust 2025-B is an issuing entity for asset-backed securities related to auto loans, as indicated by its SIC code and the filing's context.
Who is the parent company or originator of the auto loans being securitized?
CarMax Auto Funding LLC is identified as the filer and is associated with the trust, suggesting it is the originator or servicer of the auto loans.
What type of financial instruments are being reported on in this 8-K?
The filing pertains to asset-backed securities (ABS) backed by auto loans.
When was this 8-K filing submitted?
The 8-K filing was submitted on September 24, 2025.
What are the main items reported in this 8-K filing?
This 8-K filing reports on 'Other Events' and 'Financial Statements and Exhibits' related to the CarMax Select Receivables Trust 2025-B.
Filing Stats: 1,208 words · 5 min read · ~4 pages · Grade level 14.3 · Accepted 2025-09-24 16:57:53
Key Financial Figures
- $900,000,000 — aggregate original principal amount of $900,000,000, pursuant to an Indenture entered into
Filing Documents
- d942531d8k.htm (8-K) — 27KB
- d942531dex41.htm (EX-4.1) — 901KB
- d942531dex42.htm (EX-4.2) — 348KB
- d942531dex43.htm (EX-4.3) — 223KB
- d942531dex991.htm (EX-99.1) — 639KB
- d942531dex992.htm (EX-99.2) — 119KB
- d942531dex993.htm (EX-99.3) — 75KB
- d942531dex994.htm (EX-99.4) — 99KB
- d942531dex995.htm (EX-99.5) — 168KB
- 0001193125-25-215605.txt ( ) — 2601KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the depositor has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CarMax Auto Funding LLC (Depositor) Dated: September 24, 2025 By: /s/ Greg Dostich Name: Greg Dostich Title: Vice President and Treasurer