{"url_path":"/sec/cik-0001259380/8-k/2026-07-22/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1259380/0001193125-26-311879-index.html","accession_number":"0001193125-26-311879","cik":"0001259380","ticker":null,"issuer_name":"CARMAX AUTO FUNDING LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1259380/0001193125-26-311879-index.html","primary_entity_key":"0001259380","primary_entity_name":"CARMAX AUTO FUNDING LLC"},"word_count":488,"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 July 22, 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 Auto Owner Trust 2026-3 (the “Issuing Entity”), a Delaware\nstatutory trust created on June 10, 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\nhereto, pursuant 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 Depositor and CarMax Business Services, as\nservicer, 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 Issuing Entity, and\nthe Issuing Entity will engage CarMax Business Services to service those assets. On the Closing Date, the Issuing Entity issued to the Depositor the Class A-1 Asset-backed Notes, Class A-2 Asset-backed Notes, Class A-3 Asset-backed Notes, Class A-4 Asset-backed Notes, Class B Asset-backed\nNotes, Class C Asset-backed Notes and Class D Asset-backed Notes, having an aggregate original principal amount of $1,333,123,000, pursuant to an Indenture entered into between the Issuing Entity and U.S. Bank Trust Company, National\nAssociation, as indenture trustee (the “Indenture Trustee”), on the Closing Date, a copy of which is filed as an exhibit hereto. On the Closing Date, the Issuing Entity, the Indenture Trustee and CarMax Business Services, as\nadministrator, 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 Issuing Entity and the Owner Trustee under the\ntransaction documents. On the Closing Date, the Issuing Entity, CarMax Business Services, as servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (the “Asset Representations Reviewer”), entered into an Asset\nRepresentations Review Agreement, a copy of which is filed as an exhibit hereto, pursuant to which the Asset Representations Reviewer agreed to perform, upon satisfaction of certain trigger events, reviews of certain receivables for compliance with\nthe representations and warranties made by CarMax Business Services and the Depositor about such receivables. On the Closing Date, the Issuing Entity, CarMax Business Services, as servicer, the Indenture Trustee and U.S. Bank National Association,\nas securities intermediary (the “Securities Intermediary”), entered into a Securities Account Control Agreement, a copy of which is filed as an exhibit hereto, pursuant to which the Securities Intermediary will maintain certain accounts."}