CarMax Select Receivables Trust 2026-C has entered into an underwriting agreement for the sale of $600 million in asset-backed notes. This filing details the structure and participants in a new securitization, a routine financing activity for CarMax.
This 8-K filing announces that CarMax Select Receivables Trust 2026-C has entered into an underwriting agreement to issue $600 million in asset-backed notes. This is a standard securitization transaction where CarMax (through its subsidiaries) bundles auto loan receivables and sells them as bonds to investors. It matters because it provides CarMax with funding for its auto lending operations, allowing it to continue financing vehicle sales. While a routine financing event, it indicates continued access to capital markets for CarMax. For traders, this is a neutral event, as it's part of CarMax's ongoing business model, but it confirms the company's ability to manage its balance sheet and liquidity, which is a positive underlying factor for KMX.