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CarMax Business Services Secures $750 Million in Funding

PUBLIC · KMXFeb 20, 2026

Amount Raised

$750 Million

Round Type

Debt Financing

RichmondOtherE CommerceRetailAutomotive

Investors

Barclays Capital Inc.

Description

On February 18, 2026, CarMax Business Services, LLC entered into an Underwriting Agreement with Barclays Capital Inc. for the issuance of Asset-backed Notes. The deal involves an aggregate principal balance of $750 million. This funding will be used to support the company's finance operations

Who else raised in E Commerce and Retail around the same time

Companies in the same sectors as CarMax that raised within 45 days of this round, from Fundz verified event records.

  • Sonic Automotive raised $150M (Debt Financing) on April 2, 2026.
  • Perfect Moment Ltd. raised $12M (Funding Round) on March 30, 2026.
  • Epik raised $1M (Pre-Seed) on March 30, 2026.
  • Loxa raised $3.6M (Seed) on March 13, 2026.
  • VIAVIA raised $22M on March 13, 2026.
  • ECD Auto Design raised $2.4M (Convertible Note) on March 12, 2026.

Who to call at CarMax, and when

A new round usually means CarMax is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day CarMax raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at CarMax, from your own LinkedIn network

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Company Information

Company

CarMax

Location

12800 TUCKAHOE CREEK PARKWAY

Richmond, Virginia, United States

About

CarMax is the nation’s largest retailer of used cars, providing customers with a no-haggle experience and a wide selection of vehicles. The company emphasizes a culture of trust and innovation, leading to repeated recognition as one of the best workplaces. With a focus on customer service, CarMax also supports its employees' growth and development. The company continues to expand its job offerings in various fields, including technology and automotive services.

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Related People

1 contact
Verified contactsShamim M., Executive Vice President - Chief Inform…See plans and pricing
Predictive Intelligence
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ML-powered predictions for CarMax's next move

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CarMax raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.