Fri, May 23, 5:32 PM (26 days ago)
**Summary of CarMax Auto Owner Trust 2024-1 10-K** **Company:** CarMax Auto Owner Trust 2024-1 (Ticker: Not applicable) **Financial Performance:** - The document does not provide specific financial figures for revenue, net income, or operating expenses, as it is a specialized financial vehicle focused on asset-backed securities. **Strategic Overview:** - The trust is structured to issue asset-backed notes secured by a pool of auto loans and leases. - No single obligor represents 10% or more of the pool assets. - There is no external credit enhancement or support for the notes issued. **Future Outlook:** - The trust's performance is tied to the underlying pool of auto loans and leases. - The servicer and indenture trustee have confirmed compliance with applicable servicing criteria. **Risk Factors:** - The document does not explicitly list risk factors, but typical risks for such trusts include credit risk, prepayment risk, and market risk associated with the underlying auto loans and leases. **Financial Condition:** - The trust's financial condition is dependent on the performance of the asset pool. - There are no material instances of noncompliance with servicing criteria reported. **Market Position Changes:** - The document does not provide information on market position changes, as it is focused on the trust's specific financial structure and compliance. **Key Points:** - The trust is a non-accelerated filer and is not a shell company. - The document incorporates various agreements and certifications related to the trust's operations and compliance. - The trust has no legal proceedings pending that are material to noteholders.