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CarMax Business Services Secures Over $1.3 Billion in Asset-Backed Notes

PUBLIC · KMXOct 14, 2026

Amount Raised

$1.33 Billion

Round Type

Debt Financing

RichmondOtherE CommerceRetailAutomotive

Investors

Various UnderwritersMufg Securities Americas Inc.

Description

On October 14, 2026, CarMax Business Services entered into an Underwriting Agreement to issue $1,333,122,000 in various classes of Asset-backed Notes. This significant capital raise involves multiple underwriters and is part of a strategic plan to enhance its funding mechanism. The notes are set to be issued on or about October 21, 2026, and will support various operational needs. The offering has been registered under the Securities Act of 1933.

Company Information

Company

CARMAX INC

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.

Fundz sees it the moment CARMAX INC raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsShamim M., Executive Vice President - Chief Inform…See plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for CARMAX INC's next move

See what Strategic adds

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

145 of these a day, filtered to the companies you pick, 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 FundzWatch™ for automated website change detection, 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.