Carmax Auto Funding LLC

02/19/2026 | Press release | Distributed by Public on 02/19/2026 05:01

Free Writing Prospectus (Form FWP)

Free Writing Prospectus

Dated February 18, 2026

Filed Pursuant to Rule 433(d)

Registration No. 333-288943

Registration No. 333-288943-04

**FULL PX DETAILS** $750.00mm CMXS (CarMax) 2026-A (Non-Prime Auto Loan)

Joint Bookrunners: Barclays (str), J.P. Morgan and Wells Fargo

Co-Managers: CIBC, Mizuho, US Bancorp

PRICED - TOE: 3:00 PM ET

CL

AMT($MM) WAL S&P/FITCH P.WIN E.FNL L.FNL BENCH SPREAD YLD(%) CPN(%) PRICE(%)

A-1

143.000 0.19 A-1+/F1+ 1-5 07/26 03/27 I-Curve +22 3.911 % 3.911 % 100.00000 %

A-2A

272.790 1.07 AAA/AAA 5-24 02/28 12/29 I-Curve +58 4.065 % 4.03 % 99.99909 %

A-2B

45.000 1.07 AAA/AAA 5-24 02/28 12/29 SOFR30A +58 100.00000 %

A-3

107.280 2.35 AAA/AAA 24-33 11/28 05/32 I-Curve +56 4.031 % 3.99 % 99.98321 %

B

46.540 2.94 AA/AA 33-38 04/29 05/32 I-Curve +75 4.239 % 4.20 % 99.99449 %

C

65.770 3.46 A/A 38-46 12/29 05/32 I-Curve +95 4.477 % 4.43 % 99.98155 %

D

53.460 3.81 BBB/BBB 46-46 12/29 05/32 I-Curve +140 4.954 % 4.90 % 99.98760 %

E

16.160 3.81 BB+/BB 46-46 12/29 02/33 I-Curve +310 6.654 % 6.56 % 99.98827 %
Expected Settle : 02/25/2026 Registration : SEC-Registered: A1 - D; 144a: E
First Pay Date : 03/16/2026 ERISA Eligible : A-1-D - Yes; E - No
Expected Ratings : S&P, Fitch Px Speed : 1.50% ABS to 10.00% Clean-Up Call
Ticker : CMXS 2026-A Min Denoms : A-1-D - $5k x $1k; E - $250k x $1k
Bill & Deliver : Barclays

Available Information:

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Prelim Prospectus : Attached

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Prelim OM : Attached

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Ratings FWP : Attached

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DealRoadshow.com : https://dealroadshow.com/e/CMXS2026A

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IntexNet : Deal name: bcgcmxs_2026-a_preprice Password: X9Y6

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 that 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, you may obtain a copy of the prospectus from Barclays Capital Inc. by calling 1-888-603-5847.

Carmax Auto Funding LLC published this content on February 19, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 19, 2026 at 11:02 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]