Fri, May 23, 5:04 PM (26 days ago)
**Summary of CarMax Auto Owner Trust 2022-2 10-K** **Company Overview:** CarMax Auto Owner Trust 2022-2 (Ticker: Not applicable) is a securitization trust backed by auto loans and leases originated by CarMax Auto Funding LLC. The trust does not have common equity registered under the Securities Exchange Act of 1934. **Financial Performance:** The 10-K does not provide detailed financial statements, but it mentions that no single obligor represents 10% or more of the pool assets. There is no external credit enhancement or support for the pool assets or the asset-backed notes issued by the trust. **Strategic Overview and Market Position:** The trust focuses on securitizing auto loans and leases, with CarMax Business Services, LLC acting as the servicer. The trust has no material legal proceedings pending, and the servicer has complied with applicable servicing criteria. **Future Outlook and Risk Factors:** The trust does not provide specific future outlook or risk factors in this filing. However, the absence of external credit enhancement and the reliance on the servicer's compliance with criteria are implicit risk factors. **Financial Condition:** The trust's financial condition is supported by the pool of auto loans and leases, with no material instances of noncompliance with servicing criteria identified. **Changes and Amendments:** This 10-K does not highlight specific changes or amendments, focusing instead on compliance and structural details. The exhibits include various agreements and certifications related to the trust's operations and compliance. **Conclusion:** CarMax Auto Owner Trust 2022-2 operates within a structured framework, relying on the performance of the underlying auto loans and leases and the compliance of the servicer. The trust's financial health is contingent on the quality of the asset pool and the servicer's adherence to regulatory criteria.