CarMax Auto Owner Trust 2022-3
07/15/2026 | Press release | Distributed by Public on 07/15/2026 09:53
Asset-Backed Issuer Distribution Report (Form 10-D)
MONTHLY SERVICER'S CERTIFICATE
CARMAX BUSINESS SERVICES, LLC
CARMAX AUTO OWNER TRUST
SERIES 2022-3
| Collection Period | 06/01/26-06/30/26 | |||||||||||||
| Determination Date | 7/9/2026 | |||||||||||||
| Distribution Date | 7/15/2026 | |||||||||||||
| Additional information, including defined terms, can be found in the prospectus on the SEC's EDGAR system (http://www.sec.gov) under File No. 333-260819-03. | ||||||||||||||
| Pool Balance | ||||||||||||||
| 1. | Pool Balance on the close of the last day of the preceding Collection Period | $ | 177,445,778.39 | |||||||||||
| 2. | Collections allocable to Principal | $ | 12,992,451.44 | |||||||||||
| 3. | Purchase Amount allocable to Principal | $ | 0.00 | |||||||||||
| 4. | Defaulted Receivables | $ | 708,293.58 | |||||||||||
| 5. | Pool Balance on the close of the last day of the related Collection Period | $ | 163,745,033.37 | |||||||||||
| (Ln1 - Ln2 - Ln3 - Ln4) | ||||||||||||||
| 6. | Total number of Receivables outstanding on the close of the last day of the related Collection Period | 21,820 | ||||||||||||
| 7. | Initial Pool Balance | $ | 1,421,320,054.01 | |||||||||||
| Beginning of Period | End of Period | |||||||||||||
| 8. | Note Balances | |||||||||||||
|
a. Class A-1 Note Balance
|
$ | 0.00 | $ | 0.00 | ||||||||||
| b. Class A-2a Note Balance | $ | 0.00 | $ | 0.00 | ||||||||||
| c. Class A-2b Floating Rate Note Balance | $ | 0.00 | $ | 0.00 | ||||||||||
| d. Class A-3 Note Balance | $ | 0.00 | $ | 0.00 | ||||||||||
| e. Class A-4 Note Balance | $ | 50,945,977.58 | $ | 37,245,232.56 | ||||||||||
| f. Class B Note Balance | $ | 35,540,000.00 | $ | 35,540,000.00 | ||||||||||
| g. Class C Note Balance | $ | 35,540,000.00 | $ | 35,540,000.00 | ||||||||||
| h. Class D Note Balance | $ | 34,100,000.00 | $ | 34,100,000.00 | ||||||||||
| i. Note Balance (sum a - h) | $ | 156,125,977.58 | $ | 142,425,232.56 | ||||||||||
| 9. | Pool Factors | |||||||||||||
| a. Class A-1 Note Pool Factor | 0.0000000 | 0.0000000 | ||||||||||||
| b. Class A-2a Note Pool Factor | 0.0000000 | 0.0000000 | ||||||||||||
| c. Class A-2b Floating Rate Note Pool Factor | 0.0000000 | 0.0000000 | ||||||||||||
| d. Class A-3 Note Pool Factor | 0.0000000 | 0.0000000 | ||||||||||||
| e. Class A-4 Note Pool Factor | 0.4757305 | 0.3477937 | ||||||||||||
| f. Class B Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| g. Class C Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| h. Class D Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| i. Note Pool Factor | 0.1115186 | 0.1017323 | ||||||||||||
| 10. | Overcollateralization Target Amount | $ | 21,319,800.81 | |||||||||||
| 11. | Current overcollateralization amount (Pool Balance - Note Balance) | $ | 21,319,800.81 | |||||||||||
| 12. | Weighted Average Coupon | 9.11 | % | |||||||||||
| 13. | Weighted Average Original Term | months | 68.47 | |||||||||||
| 14. | Weighted Average Remaining Term | months | 19.33 | |||||||||||
| 15. | 30 day Average SOFR for the accrual period ending 7/14/2026 | 3.59301 | % | |||||||||||
| 16. | Note Rate applicable to the Class A-2b notes for the interest period ending 7/14/2026 | N/A | ||||||||||||
| Collections | ||||||||||||||
| 17. | Finance Charges: | |||||||||||||
| a. Collections allocable to Finance Charge | $ | 1,371,665.80 | ||||||||||||
| b. Liquidation Proceeds allocable to Finance Charge | $ | 1,745.43 | ||||||||||||
| c. Purchase Amount allocable to Finance Charge | $ | 0.00 | ||||||||||||
| d. Available Finance Charge Collections (sum a - c) | $ | 1,373,411.23 | ||||||||||||
| 18. | Principal: | |||||||||||||
| a. Collections allocable to Principal | $ | 12,992,451.44 | ||||||||||||
| b. Liquidation Proceeds allocable to Principal | $ | 244,631.11 | ||||||||||||
| c. Purchase Amount allocable to Principal | $ | 0.00 | ||||||||||||
| d. Available Principal Collections (sum a - c) | $ | 13,237,082.55 | ||||||||||||
| 19. | Total Finance Charge and Principal Collections (17d + 18d) | $ | 14,610,493.78 | |||||||||||
| 20. | Interest Income from Collection Account | $ | 34,557.49 | |||||||||||
| 21. | Simple Interest Advances | $ | 0.00 | |||||||||||
| 22. | Available Collections (Ln19 + 20 + 21) | $ | 14,645,051.27 | |||||||||||
| Available Funds | ||||||||||||||
| 23. | Available Collections | $ | 14,645,051.27 | |||||||||||
| 24. | Reserve Account Draw Amount | $ | 0.00 | |||||||||||
| 25. | Available Funds | $ | 14,645,051.27 | |||||||||||
| Application of Available Funds | ||||||||||||||
| 26. | Servicing Fee | 0.15 | % | |||||||||||
| a. Monthly Servicing Fee | $ | 147,871.48 | ||||||||||||
| b. Amount Unpaid from Prior Months | $ | 0.00 | ||||||||||||
| c. Amount Paid | $ | 147,871.48 | ||||||||||||
| d. Shortfall Amount (a + b - c) | $ | 0.00 | ||||||||||||
| 27. | Unreimbursed Servicer Advances | $ | 0.00 | |||||||||||
| 28. | Successor Servicer and Asset Representations Reviewer Unpaid Expenses and Indemnity Amounts | |||||||||||||
| a. Successor Servicer Unpaid Transition Expenses and Indemnity Amounts (Capped at $175,000 annually) | $ | 0.00 | ||||||||||||
| b. Successor Servicer Amount Paid | $ | 0.00 | ||||||||||||
| c. Successor Servicer Shortfall Amount (a - b) | $ | 0.00 | ||||||||||||
| d. Asset Representations Reviewer Fees, Expenses and Indemnity Amounts (Capped at $175,000 annually) | $ | 0.00 | ||||||||||||
| e. Asset Representations Reviewer Amount Paid | $ | 0.00 | ||||||||||||
| f. Asset Representations Reviewer Shortfall Amount (d - e) | $ | 0.00 | ||||||||||||
| 29. | Class A Noteholder Interest Amounts | |||||||||||||
| a. Class A-1 Monthly Interest | $ | 0.00 | ||||||||||||
| b. Additional Note Interest related to Class A-1 Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class A-1 Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class A-1 Note Interest (sum a - c) | $ | 0.00 | ||||||||||||
| e. Class A-2a Monthly Interest | $ | 0.00 | ||||||||||||
| f. Additional Note Interest related to Class A-2a Monthly Interest | $ | 0.00 | ||||||||||||
| g. Interest Due on Additional Note Interest related to Class A-2a Monthly Interest | $ | 0.00 | ||||||||||||
| h. Total Class A-2a Note Interest (sum e - g) | $ | 0.00 | ||||||||||||
| i. Class A-2b Monthly Interest | $ | 0.00 | ||||||||||||
| j. Additional Note Interest related to Class A-2b Monthly Interest | $ | 0.00 | ||||||||||||
| k. Interest Due on Additional Note Interest related to Class A-2b Monthly Interest | $ | 0.00 | ||||||||||||
| l. Total Class A-2b Note Interest (sum i - k) | $ | 0.00 | ||||||||||||
| m. Class A-3 Monthly Interest | $ | - | ||||||||||||
| n. Additional Note Interest related to Class A-3 Monthly Interest | $ | 0.00 | ||||||||||||
| o. Interest Due on Additional Note Interest related to Class A-3 Monthly Interest | $ | 0.00 | ||||||||||||
| p. Total Class A-3 Note Interest (sum m - o) | $ | - | ||||||||||||
| q. Class A-4 Monthly Interest | $ | 172,367.22 | ||||||||||||
| r. Additional Note Interest related to Class A-4 Monthly Interest | $ | 0.00 | ||||||||||||
| r. Additional Note Interest related to Class A-4 Monthly Interest | $ | 0.00 | ||||||||||||
| t. Total Class A-4 Note Interest (sum q - s) | $ | 172,367.22 | ||||||||||||
| 30. | Priority Principal Distributable Amount | $ | 0.00 | |||||||||||
| 31. | Class B Noteholder Interest Amount | |||||||||||||
| a. Class B Monthly Interest | $ | 138,902.17 | ||||||||||||
| b. Additional Note Interest related to Class B Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class B Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class B Note Interest (sum a - c) | $ | 138,902.17 | ||||||||||||
| 32. | Secondary Principal Distributable Amount | $ | 0.00 | |||||||||||
| 33. | Class C Noteholder Interest Amount | |||||||||||||
| a. Class C Monthly Interest | $ | 147,491.00 | ||||||||||||
| b. Additional Note Interest related to Class C Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class C Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class C Note Interest (sum a - c) | $ | 147,491.00 | ||||||||||||
| 34. | Tertiary Principal Distributable Amount | $ | 0.00 | |||||||||||
| 35. | Class D Noteholder Interest Amount | |||||||||||||
| a. Class D Monthly Interest | $ | 176,183.33 | ||||||||||||
| b. Additional Note Interest related to Class D Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class D Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class D Note Interest (sum a - c) | $ | 176,183.33 | ||||||||||||
| 36. | Quaternary Principal Distributable Amount | $ | - | |||||||||||
| 37. | Required Payment Amount (Ln 26 + Ln 28 + (sum of Ln 29 through Ln 36)) | $ | 782,815.20 | |||||||||||
| 38. | Reserve Account Deficiency | $ | 0.00 | |||||||||||
| 39. | Regular Principal Distributable Amount | $ | 13,700,745.02 | |||||||||||
| 40. | Remaining Unpaid Servicer Transition Expenses and Additional Servicing Fees, if any | $ | 0.00 | |||||||||||
| 41. | Remaining Unpaid Trustee and Asset Representations Reviewer Fees, Expenses and Indemnity Amounts, if any | |||||||||||||
| a. Remaining Unpaid Trustee Fees, Expenses and Indemnity Amounts | $ | 0.00 | ||||||||||||
| b. Remaining Unpaid Asset Representations Reviewer Fees, Expenses and Indemnity Amounts | $ | 0.00 | ||||||||||||
| 42. | Remaining Unpaid Successor Servicer Indemnity Amounts, if any | $ | 0.00 | |||||||||||
| Collection Account Activity | 0.15 | % | ||||||||||||
| 43. | Deposits | |||||||||||||
| a. Total Daily Deposits of Finance Charge Collections | $ | 1,373,411.23 | ||||||||||||
| b. Total Daily Deposits of Principal Collections | $ | 13,237,082.55 | ||||||||||||
| c. Withdrawal from Reserve Account | $ | 0.00 | ||||||||||||
| d. Interest Income | $ | 34,557.49 | ||||||||||||
| e. Total Deposits to Collection Account (sum a - d) | $ | 14,645,051.27 | ||||||||||||
| 44. | Withdrawals | |||||||||||||
| a. Servicing Fee and Unreimbursed Servicer Advances | $ | 147,871.48 | ||||||||||||
| b. Successor Servicer Transition Expenses and Indemnity Amounts | $ | 0.00 | ||||||||||||
| c. Deposit to Note Payment Account for Monthly Note Interest/Principal | $ | 14,335,688.74 | ||||||||||||
| d. Deposit to Reserve Account | $ | 0.00 | ||||||||||||
| e. Excess Collections (Deposit to Certificate Payment Account for payment to Certificateholder) | $ | 161,491.05 | ||||||||||||
| f. Total Withdrawals from Collection Account (sum a - e) | $ | 14,645,051.27 | ||||||||||||
| Note Payment Account Activity | ||||||||||||||
| 45. | Deposits | |||||||||||||
| a. Class A-1 Interest Distribution | $ | 0.00 | ||||||||||||
| b. Class A-2a Interest Distribution | $ | 0.00 | ||||||||||||
| c. Class A-2b Interest Distribution | $ | 0.00 | ||||||||||||
| d. Class A-3 Interest Distribution | $ | - | ||||||||||||
| e. Class A-4 Interest Distribution | $ | 172,367.22 | ||||||||||||
| f. Class B Interest Distribution | $ | 138,902.17 | ||||||||||||
| g. Class C Interest Distribution | $ | 147,491.00 | ||||||||||||
| h. Class D Interest Distribution | $ | 176,183.33 | ||||||||||||
| i. Class A-1 Principal Distribution | $ | 0.00 | ||||||||||||
| j. Class A-2a Principal Distribution | $ | 0.00 | ||||||||||||
| k. Class A-2b Principal Distribution | $ | 0.00 | ||||||||||||
| l. Class A-3 Principal Distribution | $ | 0.00 | ||||||||||||
| m. Class A-4 Principal Distribution | $ | 13,700,745.02 | ||||||||||||
| n. Class B Principal Distribution | $ | 0.00 | ||||||||||||
| o. Class C Principal Distribution | $ | 0.00 | ||||||||||||
| p. Class D Principal Distribution | $ | 0.00 | ||||||||||||
| q. Total Deposits to Note Payment Account (sum a - p) | $ | 14,335,688.74 | ||||||||||||
| 46. | Withdrawals | |||||||||||||
| a. Class A-1 Distribution | $ | 0.00 | ||||||||||||
| b. Class A-2a Distribution | $ | 0.00 | ||||||||||||
| c. Class A-2b Distribution | $ | 0.00 | ||||||||||||
| d. Class A-3 Distribution | $ | 0.00 | ||||||||||||
| e. Class A-4 Distribution | $ | 13,873,112.24 | ||||||||||||
| f. Class B Distribution | $ | 138,902.17 | ||||||||||||
| g. Class C Distribution | $ | 147,491.00 | ||||||||||||
| h. Class D Distribution | $ | 176,183.33 | ||||||||||||
| i. Total Withdrawals from Note Payment Account (sum a - h) | $ | 14,335,688.74 | ||||||||||||
| Certificate Payment Account Activity | ||||||||||||||
| 47. | Deposits to Certificate Payment Account from Excess Collections | $ | 161,491.05 | |||||||||||
| 48. | Withdrawals from Certificate Payment Account for Certificateholder Distribution | $ | 161,491.05 | |||||||||||
| Required Reserve Account Amount | 0.15 | % | ||||||||||||
| 49. | Required Reserve Account Amount (1.00% of Initial Pool Balance) | $ | 5,685,280.22 | |||||||||||
| Reserve Account Reconciliation | ||||||||||||||
| 50. | Beginning Balance (as of end of preceding Distribution Date) | $ | 5,685,280.22 | |||||||||||
| 51. | Investment Earnings | $ | 16,495.87 | |||||||||||
| 52. | Reserve Account Draw Amount | $ | 0.00 | |||||||||||
| 53. | Reserve Account Amount (Ln 50 + Ln 51 - Ln 52) | $ | 5,701,776.09 | |||||||||||
| 54. | Deposit from Available Funds (Ln 44d) | $ | 0.00 | |||||||||||
| 55. | If Reserve Account Balance exceeds Required Reserve Account Amount, payment to | |||||||||||||
| a. the Note Payment Account for the payment of principal to the extent of any unfunded Regular Principal Distribution Amount; and | $ | 0.00 | ||||||||||||
| b. any Successor Servicer for the payment of any unfunded Transition Costs and Additional Servicing Fee | $ | 0.00 | ||||||||||||
| 56. | Payment to Depositor if Reserve Account Balance exceeds Required Reserve Account Amount and to the extent no unfunded amounts described in Ln 55 exist | $ | 16,495.87 | |||||||||||
| 57. | Ending Balance (Ln53 + Ln54 - Ln55 - Ln56) | $ | 5,685,280.22 | |||||||||||
| 58. | Reserve Account Deficiency (Ln50 - Ln57) | $ | 0.00 | |||||||||||
| Instructions to the Trustee | ||||||||||||||
| 59. | Amount to be deposited from the Reserve Account into the Collection Account | $ | 0.00 | |||||||||||
| 60. | Amount to be paid to Servicer from the Collection Account | $ | 147,871.48 | |||||||||||
| 61. | Amount to be deposited from the Collection Account into the Note Payment Account | $ | 14,335,688.74 | |||||||||||
| 62. | Amount to be deposited from the Collection Account into the Certificate Payment Account | $ | 161,491.05 | |||||||||||
| 63. | Amount to be deposited from the Collection Account into the Reserve Account | $ | 0.00 | |||||||||||
| 64. | Amount to be deposited from the Reserve Account, if Reserve Account Balance exceeds Required Reserve Account Amount, into | |||||||||||||
| a. the Note Payment Account for any unfunded Regular Principal Distributable Amount | $ | 0.00 | ||||||||||||
| b. the Depositor, if no unfunded Regular Principal distributable amount exists | $ | 16,495.87 | ||||||||||||
| 65. | Amount to be paid to Class A-1 Noteholders from the Note Payment Account | $ | 0.00 | |||||||||||
| 66. | Amount to be paid to Class A-2a Noteholders from the Note Payment Account | $ | 0.00 | |||||||||||
| 67. | Amount to be paid to Class A-2b Noteholders from the Note Payment Account | $ | 0.00 | |||||||||||
| 68. | Amount to be paid to Class A-3 Noteholders from the Note Payment Account | $ | 0.00 | |||||||||||
| 69. | Amount to be paid to Class A-4 Noteholders from the Note Payment Account | $ | 13,873,112.24 | |||||||||||
| 70. | Amount to be paid to Class B Noteholders from the Note Payment Account | $ | 138,902.17 | |||||||||||
| 71. | Amount to be paid to Class C Noteholders from the Note Payment Account | $ | 147,491.00 | |||||||||||
| 72. | Amount to be paid to Class D Noteholders from the Note Payment Account | $ | 176,183.33 | |||||||||||
| 73. | Amount to be paid to Certificateholders from the Certificate Payment Account with respect to Excess Collections | $ | 161,491.05 | |||||||||||
| Delinquency Activity | ||||||||||||||
| Number of Loans | Principal Balance | |||||||||||||
| 74. | Delinquency Analysis | |||||||||||||
| a. 31 to 60 days past due | 897 | $ | 10,276,437.93 | |||||||||||
| b. 61 to 90 days past due | 513 | $ | 6,569,810.22 | |||||||||||
| c. 91 to 120 days past due | 105 | $ | 1,303,278.87 | |||||||||||
| d. 121 or more days past due | 0 | $ | 0.00 | |||||||||||
| e. Total Past Due (sum a - d) | 1,515 | $ | 18,149,527.02 | |||||||||||
| f. Delinquent Loans as a percentage of end of period Pool Balance (Ln 74e / Ln 5) | 11.0840 | % | ||||||||||||
| 75. | Has a Delinquency Trigger Event occurred? | No | ||||||||||||
| Loss Activity | ||||||||||||||
| Number of Loans | Principal Balance | |||||||||||||
| 76. | Defaulted Receivables (charge-offs) | 67 | $ | 708,293.58 | ||||||||||
| 77. | Recoveries | 231 | $ | 246,376.54 | ||||||||||
| 78. | Net Losses (Ln 76 - Ln 77) | $ | 461,917.04 | |||||||||||
| 79. | Ratio of Net Losses to Beginning of Period Pool Balance (Ln 78 / Ln 1) | 0.2603 | % | |||||||||||
| Cumulative Loss Activity | ||||||||||||||
| Number of Loans | Principal Balance | |||||||||||||
| 80. | Defaulted Receivables (charge-offs) | 4,638 | $ | 77,917,535.74 | ||||||||||
| 81. | Recoveries | 3,645 | $ | 31,060,994.07 | ||||||||||
| 82. | Cumulative Net Losses (Ln 80 - Ln 81) | $ | 46,856,541.67 | |||||||||||
| 83. | Ratio of Cumulative Net Losses to Initial Pool Balance (Ln 82 / Ln 7) | 3.2967 | % | |||||||||||
| 84. | Average Net Loss on Defaulted Receivables | $ | 10,102.75 | |||||||||||
| Other Servicing Information | ||||||||||||||
| 85. | Principal Balance of Receivables extended during the Collection Period | $ | 3,021,595.44 | |||||||||||
| 86. | Pool Balance on the close of the last day of the preceding Collection Period | $ | 177,445,778.39 | |||||||||||
| 87. | Ratio of extensions to pool balance (Ln 85 / Ln 86) | 1.70 | % | |||||||||||
IN WITNESS WHEREOF, the undersigned has duly executed this certificate on July 9, 2026.
| CARMAX BUSINESS SERVICES, LLC | |||||
| As Servicer | |||||
| By: | /s/ Greg Dostich | ||||
| Name: | Greg Dostich | ||||
| Title: | Vice President and Treasurer | ||||
CarMax Auto Owner Trust 2022-3 published this content on July 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 15, 2026 at 15:53 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]