0001193125-24-099417.txt : 20240418 0001193125-24-099417.hdr.sgml : 20240418 20240417201457 ACCESSION NUMBER: 0001193125-24-099417 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240418 DATE AS OF CHANGE: 20240417 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CarMax Auto Owner Trust 2024-2 CENTRAL INDEX KEY: 0002016948 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: 333-260819-10 FILM NUMBER: 24852544 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 IRS NUMBER: 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 FWP 1 d820487dfwp.htm FWP FWP

Free Writing Prospectus

Dated April 17, 2024

Filed Pursuant to Rule 433(d)

Registration No. 333-260819

Registration No. 333-260819-10

UPDATED A2B EXPECTED FINAL

*PRICING DETAILS* $1.60bn CarMax Auto Owner Trust 2024-2 (CARMX 2024-2) Prime Auto Loan ABS

 

Joint Leads:

   

MUFG (str), BofA, Mizuho, SMBC

Co-Managers:

   

CIBC, RBC and Truist

D&I Co-Managers:

   

Academy Securities, Ramirez & Co. Inc.

ANTICIPATED CAPITAL STRUCTURE

 

CLS

    SZ($mm)      WAL      S&P/FTCH*    P.WIN      E.FIN      L.FIN      BENCH    SPRD      YLD      CPN      PX  

A-1

      309.000        0.28      A-1+/F1+      1-7        11/24        05/25      I-CURV      +13        5.532        5.532        100.00000  

A-2A

      410.000        1.13      AAA/AAA      7-22        02/26        05/27      I-CURV      +58        5.721        5.65        99.99590  

A-2B

      125.000        1.13      AAA/AAA      7-22        02/26        05/27      SOFR30A      +58              100.00000  

A-3

      535.000        2.58      AAA/AAA      22-43        11/27        01/29      I-CURV      +72        5.565        5.50        99.99649  

A-4

      88.790        3.74      AAA/AAA      43-47        03/28        11/29      I-CURV      +85        5.577        5.51        99.98915  

B

      50.790        3.89      AA/AA      47-47        03/28        11/29      I-CURV      +105        5.766        5.69        99.97261  

C

      48.370        3.89      A/A      47-47        03/28        12/29      I-CURV      +120        5.916        5.84        99.98505  

D

      33.050        3.89      BBB/BBB      47-47        03/28        10/30      I-CURV      +180        6.516        6.42        99.96847  

* Expected Ratings

-TRANSACTION DETAILS-

 

BBG Ticker :

   

CARMX 2024-2

Deal Size :

   

$1.60bn

Format :

   

SEC Registered

Exp. Ratings :

   

S&P / Fitch

ERISA :

   

Yes

Risk Retention :

   

US RR = Yes, EU RR = No

Min Denoms :

   

$5k x $1k

Pxing Speed :

   

1.30% ABS to Call

Expected Pricing :

   

PRICED

Expected Settle :

   

04/24/2024

First Pay Date :

   

05/15/2024

B&D :

   

MUFG

-ATTACHMENTS-

Preliminary Prospectus, FWP, CDI (attached)

 

Dealroadshow :

   

https://dealroadshow.com Entry Code (Case Sensitive) : CARMX24-2

Direct Link :

   

https://dealroadshow.com/e/CARMX24-2

Intex Deal name :

   

mitcarmx_20242_base / Password: V7AV

SSAP :   

CARMAX24-2

-CUSIPs-

 

A-1

   

14319EAA4

A-2A

   

14319EAC0

A-2B

   

14319EAD8

A-3

   

14319EAE6

A-4

   

14319EAF3

B

   

14319EAG1

C

   

14319EAH9

D

   

14319EAJ5

THE ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS) WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION (SEC) FOR THIS OFFERING. BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS FOR THIS OFFERING IN THAT REGISTRATION STATEMENT, AND OTHER DOCUMENTS THE ISSUER HAS FILED WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE ISSUER AND THIS OFFERING. YOU MAY GET THESE DOCUMENTS FOR FREE BY SEARCHING THE SEC ONLINE DATABASE (EDGAR®) AT WWW.SEC.GOV. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-877-649-6848.