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10-K - CarMax Auto Owner Trust 2023-2 (0001969339) (Filer)

Fri, May 23, 5:23 PM (20 days ago)

**CarMax Auto Owner Trust 2023-2 (KMX)** **Financial Summary (Fiscal Year Ended February 28, 2025):** CarMax Auto Owner Trust 2023-2, a non-accelerated filer, reported no significant changes in its market position. The trust did not disclose specific financial performance metrics such as revenue, net income, or operating expenses in this filing. However, it provided assurances regarding its financial condition and compliance with servicing criteria. **Strategic Overview & Future Outlook:** The trust emphasized its compliance with servicing criteria and the absence of material non-compliance instances. The servicing parties, CarMax Business Services, LLC, and Wilmington Trust, National Association, submitted compliance reports and attestation reports, indicating adherence to applicable servicing standards. **Risk Factors:** The trust did not report any legal proceedings or unresolved staff comments that could impact its operations or financial condition. Additionally, no single obligor represents 10% or more of the pool assets, and there is no external credit enhancement or support provided. **Financial Condition:** The trust's financial condition appears stable, with no reported instances of non-compliance with servicing criteria. The absence of legal proceedings and the compliance reports from servicing parties further support this assessment. **Market Position:** CarMax Auto Owner Trust 2023-2 did not report any changes in its market position. The trust's focus remains on compliance and maintaining the financial health of the asset pool. **Note:** This summary is based on the provided 10-K filing, which omitted several items in accordance with General Instruction J to Form 10-K. As a result, some typically expected information may not be included.