{"url_path":"/sec/cik-0001259380/8-k/2026-06-16/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-16","source_url":"https://www.sec.gov/Archives/edgar/data/1259380/0001193125-26-272291-index.html","accession_number":"0001193125-26-272291","cik":"0001259380","ticker":null,"issuer_name":"CARMAX AUTO FUNDING LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1259380/0001193125-26-272291-index.html","primary_entity_key":"0001259380","primary_entity_name":"CARMAX AUTO FUNDING LLC"},"word_count":618,"has_tables":true,"body_markdown":"**Item 8.01. Other Events**\n\nCarMax Auto Funding LLC, a Delaware limited liability company (the “Depositor”), has registered an issuance of asset backed notes on Form SF-3 (Commission File No. 333-288943), filed on July 25, 2025 (the “Registration Statement”).\n\nOn June 16, 2026 (the “Closing Date”), the Depositor entered into an Amended and Restated Trust Agreement, a copy of which is filed as an\nexhibit hereto, with Wilmington Trust, National Association, as owner trustee (the “Owner Trustee”), relating to CarMax Select Receivables Trust 2026-B (the “Issuing Entity”), a\nDelaware statutory trust created on May 6, 2026. On the Closing Date, the Issuing Entity, as grantor trust seller, entered into an Amended and Restated Grantor Trust Agreement, a copy of which is filed as an exhibit hereto, with Wilmington\nTrust, National Association, as grantor trust trustee (the “Grantor Trust Trustee”), relating to CarMax Select Receivables Grantor Trust 2026-B (the “Grantor Trust”), a Delaware\nstatutory trust created on May 6, 2026. On the Closing Date, CarMax Business Services, LLC (“CarMax Business Services”) and the Depositor entered into a Receivables Purchase Agreement, a copy of which is filed as an exhibit hereto,\npursuant to which specified motor vehicle retail installment sale contracts and related property were sold by CarMax Business Services to the Depositor. On the Closing Date, the Issuing Entity, the Grantor Trust, the Depositor and CarMax Business\nServices, as servicer, entered into a Sale and Servicing Agreement, a copy of which is filed as an exhibit hereto, pursuant to which motor vehicle retail installment sale contracts and related property were transferred by the Depositor to the\nIssuing Entity, and the Issuing Entity and the Grantor Trust engaged CarMax Business Services to service those assets. On the Closing Date, the Issuing Entity and the Grantor Trust entered into a Receivables Contribution Agreement, a copy of which\nis filed as an exhibit hereto, pursuant to which motor vehicle retail installment sale contracts and related property were transferred by the Issuing Entity to the Grantor Trust. On the Closing Date, the Issuing Entity issued to the Depositor\nthe Class A-1 Asset-backed Notes, Class A-2 Asset-backed Notes, Class A-3 Asset-backed Notes, Class B\nAsset-backed Notes, Class C Asset-backed Notes, Class D Asset-backed Notes and Class E Asset-backed Notes, having an aggregate original principal amount of $600,000,000, pursuant to an Indenture entered into between the Issuing\nEntity, the Grantor Trust and U.S. Bank Trust Company, National Association, as indenture trustee (the “Indenture Trustee”), a copy of which is filed as an exhibit hereto. On the Closing Date, the Issuing Entity, the Grantor Trust, the\nIndenture Trustee and CarMax Business Services, as administrator, entered into an Administration Agreement, a copy of which is filed as an exhibit hereto, pursuant to which the administrator agreed to perform certain duties and obligations of the\nIssuing Entity, the Grantor Trust, the Owner Trustee and the Grantor Trust Trustee under the transaction documents. On the Closing Date, the Issuing Entity, the Grantor Trust, CarMax Business Services, as servicer, and Clayton Fixed Income Services\nLLC, as asset representations reviewer (the “Asset Representations Reviewer”), entered into an Asset Representations Review Agreement, a copy of which is filed as an exhibit hereto, pursuant to which the Asset Representations Reviewer\nagreed to perform, upon satisfaction of certain trigger events, reviews of certain receivables for compliance with the representations and warranties made by CarMax Business Services and the Depositor about such receivables. On the Closing Date, the\nIssuing Entity, CarMax Business Services, as servicer, the Indenture Trustee and U.S. Bank National Association, as securities intermediary (the “Securities Intermediary”), entered into a Securities Account Control Agreement, a copy of\nwhich is filed as an exhibit hereto, pursuant to which the Securities Intermediary will maintain certain accounts."}