| Collection Period | 06/01/26-06/30/26 | |||||||||||||
| Determination Date | 7/9/2026 | |||||||||||||
| Distribution Date | 7/15/2026 | |||||||||||||
| Additional information, including defined terms, can be found in the prospectus on the SEC's EDGAR system (http://www.sec.gov) under File No. 333-288943-01. | ||||||||||||||
| Pool Balance | ||||||||||||||
| 1. | Pool Balance on the close of the last day of the preceding Collection Period | $ | 700,059,498.55 | |||||||||||
| 2. | Collections allocable to Principal | $ | 19,481,353.77 | |||||||||||
| 3. | Purchase Amount allocable to Principal | $ | 0.00 | |||||||||||
| 4. | Defaulted Receivables | $ | 3,827,463.81 | |||||||||||
| 5. | Pool Balance on the close of the last day of the related Collection Period | $ | 676,750,680.97 | |||||||||||
| (Ln1 - Ln2 - Ln3 - Ln4) | ||||||||||||||
| 6. | Total number of Receivables outstanding on the close of the last day of the related Collection Period | 38,938 | ||||||||||||
| 7. | Initial Pool Balance | $ | 923,081,739.63 | |||||||||||
| Beginning of Period | End of Period | |||||||||||||
| 8. | Note Balances | |||||||||||||
a. Class A-1 Note Balance | $ | 0.00 | $ | 0.00 | ||||||||||
| b. Class A-2 Note Balance | $ | 247,514,441.17 | $ | 226,186,873.09 | ||||||||||
| c. Class A-3 Note Balance | $ | 177,040,000.00 | $ | 177,040,000.00 | ||||||||||
| d. Class B Note Balance | $ | 60,920,000.00 | $ | 60,920,000.00 | ||||||||||
| e. Class C Note Balance | $ | 71,540,000.00 | $ | 71,540,000.00 | ||||||||||
| f. Class D Note Balance | $ | 68,770,000.00 | $ | 68,770,000.00 | ||||||||||
| g. Class E Note Balance | $ | 14,770,000.00 | $ | 14,770,000.00 | ||||||||||
| h. Note Balance (sum a - g) | $ | 640,554,441.17 | $ | 619,226,873.09 | ||||||||||
| 9. | Pool Factors | |||||||||||||
| a. Class A-1 Note Pool Factor | 0.0000000 | 0.0000000 | ||||||||||||
| b. Class A-2 Note Pool Factor | 0.8164482 | 0.7460974 | ||||||||||||
| c. Class A-3 Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| d. Class B Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| e. Class C Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| f. Class D Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| g. Class E Note Pool Factor | 1.0000000 | 1.0000000 | ||||||||||||
| h. Note Pool Factor | 0.7117272 | 0.6880299 | ||||||||||||
| 10. | Overcollateralization Target Amount | $ | 57,523,807.88 | |||||||||||
| 11. | Current overcollateralization amount (Pool Balance - Note Balance) | $ | 57,523,807.88 | |||||||||||
| 12. | Weighted Average Coupon | 16.20 | % | |||||||||||
| 13. | Weighted Average Original Term | months | 69.58 | |||||||||||
| 14. | Weighted Average Remaining Term | months | 52.51 | |||||||||||
| Collections | ||||||||||||||
| 15. | Finance Charges: | |||||||||||||
| a. Collections allocable to Finance Charge | $ | 9,050,395.10 | ||||||||||||
| b. Liquidation Proceeds allocable to Finance Charge | $ | 2,692.06 | ||||||||||||
| c. Purchase Amount allocable to Finance Charge | $ | 0.00 | ||||||||||||
| d. Available Finance Charge Collections (sum a - c) | $ | 9,053,087.16 | ||||||||||||
| 16. | Principal: | |||||||||||||
| a. Collections allocable to Principal | $ | 19,481,353.77 | ||||||||||||
| b. Liquidation Proceeds allocable to Principal | $ | 937,501.57 | ||||||||||||
| c. Purchase Amount allocable to Principal | $ | 0.00 | ||||||||||||
| d. Available Principal Collections (sum a - c) | $ | 20,418,855.34 | ||||||||||||
| 17. | Total Finance Charge and Principal Collections (15d + 16d) | $ | 29,471,942.50 | |||||||||||
| 18. | Interest Income from Collection Account | $ | 69,782.58 | |||||||||||
| 19. | Simple Interest Advances | $ | 0.00 | |||||||||||
| 20. | Available Collections (Ln17 + 18 + 19) | $ | 29,541,725.08 | |||||||||||
| Available Funds | ||||||||||||||
| 21. | Available Collections | $ | 29,541,725.08 | |||||||||||
| 22. | Reserve Account Draw Amount | $ | 0.00 | |||||||||||
| 23. | Available Funds | $ | 29,541,725.08 | |||||||||||
| Application of Available Funds | ||||||||||||||
| 24. | Servicing Fee | 0.15 | % | |||||||||||
| a. Monthly Servicing Fee | $ | 1,312,611.56 | ||||||||||||
| b. Amount Unpaid from Prior Months | $ | 0.00 | ||||||||||||
| c. Amount Paid | $ | 1,312,611.56 | ||||||||||||
| d. Shortfall Amount (a + b - c) | $ | 0.00 | ||||||||||||
| 25. | Unreimbursed Servicer Advances | $ | 0.00 | |||||||||||
| 26. | Successor Servicer and Asset Representations Reviewer Unpaid Expenses and Indemnity Amounts | |||||||||||||
| a. Successor Servicer Unpaid Transition Expenses and Indemnity Amounts (Capped at $175,000 annually) | $ | 0.00 | ||||||||||||
| b. Successor Servicer Amount Paid | $ | 0.00 | ||||||||||||
| c. Successor Servicer Shortfall Amount (a - b) | $ | 0.00 | ||||||||||||
| d. Asset Representations Reviewer Fees, Expenses and Indemnity Amounts (Capped at $175,000 annually) | $ | 0.00 | ||||||||||||
| e. Asset Representations Reviewer Amount Paid | $ | 0.00 | ||||||||||||
| f. Asset Representations Reviewer Shortfall Amount (d - e) | $ | 0.00 | ||||||||||||
| 27. | Class A Noteholder Interest Amounts | |||||||||||||
| a. Class A-1 Monthly Interest | $ | 0.00 | ||||||||||||
| b. Additional Note Interest related to Class A-1 Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class A-1 Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class A-1 Note Interest (sum a - c) | $ | 0.00 | ||||||||||||
| e. Class A-2 Monthly Interest | $ | 864,237.92 | ||||||||||||
| f. Additional Note Interest related to Class A-2 Monthly Interest | $ | 0.00 | ||||||||||||
| g. Interest Due on Additional Note Interest related to Class A-2 Monthly Interest | $ | 0.00 | ||||||||||||
| h. Total Class A-2 Note Interest (sum e - g) | $ | 864,237.92 | ||||||||||||
| i. Class A-3 Monthly Interest | $ | 607,837.33 | ||||||||||||
| j. Additional Note Interest related to Class A-3 Monthly Interest | $ | 0.00 | ||||||||||||
| k. Interest Due on Additional Note Interest related to Class A-3 Monthly Interest | $ | 0.00 | ||||||||||||
| l. Total Class A-3 Note Interest (sum i - k) | $ | 607,837.33 | ||||||||||||
| 28. | Priority Principal Distributable Amount | $ | 0.00 | |||||||||||
| 29. | Class B Noteholder Interest Amount | |||||||||||||
| a. Class B Monthly Interest | $ | 220,835.00 | ||||||||||||
| b. Additional Note Interest related to Class B Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class B Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class B Note Interest (sum a - c) | $ | 220,835.00 | ||||||||||||
| 30. | Secondary Principal Distributable Amount | $ | 0.00 | |||||||||||
| 31. | Class C Noteholder Interest Amount | |||||||||||||
| a. Class C Monthly Interest | $ | 287,948.50 | ||||||||||||
| b. Additional Note Interest related to Class C Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class C Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class C Note Interest (sum a - c) | $ | 287,948.50 | ||||||||||||
| 32. | Tertiary Principal Distributable Amount | $ | 0.00 | |||||||||||
| 33. | Class D Noteholder Interest Amount | |||||||||||||
| a. Class D Monthly Interest | $ | 305,453.42 | ||||||||||||
| b. Additional Note Interest related to Class D Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class D Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class D Note Interest (sum a - c) | $ | 305,453.42 | ||||||||||||
| 34. | Quaternary Principal Distributable Amount | $ | 0.00 | |||||||||||
| 35. | Class E Noteholder Interest Amount | |||||||||||||
| a. Class E Monthly Interest | $ | 84,804.42 | ||||||||||||
| b. Additional Note Interest related to Class E Monthly Interest | $ | 0.00 | ||||||||||||
| c. Interest Due on Additional Note Interest related to Class E Monthly Interest | $ | 0.00 | ||||||||||||
| d. Total Class E Note Interest (sum a - c) | $ | 84,804.42 | ||||||||||||
| 36. | Quinary Principal Distributable Amount | $ | 0.00 | |||||||||||
| 37. | Required Payment Amount (Ln 24 + Ln 26 + (sum of Ln 27 through Ln 36)) | $ | 3,683,728.15 | |||||||||||
| 38. | Reserve Account Deficiency | $ | 0.00 | |||||||||||
| 39. | Regular Principal Distributable Amount | $ | 21,327,568.08 | |||||||||||
| 40. | Remaining Unpaid Servicer Transition Expenses and Additional Servicing Fees, if any | $ | 0.00 | |||||||||||
| 41. | Remaining Unpaid Trustee and Asset Representations Reviewer Fees, Expenses and Indemnity Amounts, if any | |||||||||||||
| a. Remaining Unpaid Trustee Fees, Expenses and Indemnity Amounts | $ | 0.00 | ||||||||||||
| b. Remaining Unpaid Asset Representations Reviewer Fees, Expenses and Indemnity Amounts | $ | 0.00 | ||||||||||||
| 42. | Remaining Unpaid Successor Servicer Indemnity Amounts, if any | $ | 0.00 | |||||||||||
| Collection Account Activity | 0.15 | % | ||||||||||||
| 43. | Deposits | |||||||||||||
| a. Total Daily Deposits of Finance Charge Collections | $ | 9,053,087.16 | ||||||||||||
| b. Total Daily Deposits of Principal Collections | $ | 20,418,855.34 | ||||||||||||
| c. Withdrawal from Reserve Account | $ | 0.00 | ||||||||||||
| d. Interest Income | $ | 69,782.58 | ||||||||||||
| e. Total Deposits to Collection Account (sum a - d) | $ | 29,541,725.08 | ||||||||||||
| 44. | Withdrawals | |||||||||||||
| a. Servicing Fee and Unreimbursed Servicer Advances | $ | 1,312,611.56 | ||||||||||||
| b. Successor Servicer Transition Expenses and Indemnity Amounts | $ | 0.00 | ||||||||||||
| c. Deposit to Note Payment Account for Monthly Note Interest/Principal | $ | 23,698,684.67 | ||||||||||||
| d. Deposit to Reserve Account | $ | 0.00 | ||||||||||||
| e. Excess Collections (Deposit to Certificate Payment Account for payment to Certificateholder) | $ | 4,530,428.85 | ||||||||||||
| f. Total Withdrawals from Collection Account (sum a - e) | $ | 29,541,725.08 | ||||||||||||
| Note Payment Account Activity | ||||||||||||||
| 45. | Deposits | |||||||||||||
| a. Class A-1 Interest Distribution | $ | 0.00 | ||||||||||||
| b. Class A-2 Interest Distribution | $ | 864,237.92 | ||||||||||||
| c. Class A-3 Interest Distribution | $ | 607,837.33 | ||||||||||||
| d. Class B Interest Distribution | $ | 220,835.00 | ||||||||||||
| e. Class C Interest Distribution | $ | 287,948.50 | ||||||||||||
| f. Class D Interest Distribution | $ | 305,453.42 | ||||||||||||
| g. Class E Interest Distribution | $ | 84,804.42 | ||||||||||||
| h. Class A-1 Principal Distribution | $ | 0.00 | ||||||||||||
| i. Class A-2 Principal Distribution | $ | 21,327,568.08 | ||||||||||||
| j. Class A-3 Principal Distribution | $ | 0.00 | ||||||||||||
| k. Class B Principal Distribution | $ | 0.00 | ||||||||||||
| l. Class C Principal Distribution | $ | 0.00 | ||||||||||||
| m. Class D Principal Distribution | $ | 0.00 | ||||||||||||
| n. Class E Principal Distribution | $ | 0.00 | ||||||||||||
| o. Total Deposits to Note Payment Account (sum a - n) | $ | 23,698,684.67 | ||||||||||||
| 46. | Withdrawals | |||||||||||||
| a. Class A-1 Distribution | $ | 0.00 | ||||||||||||
| b. Class A-2 Distribution | $ | 22,191,806.00 | ||||||||||||
| d. Class A-3 Distribution | $ | 607,837.33 | ||||||||||||
| e. Class B Distribution | $ | 220,835.00 | ||||||||||||
| f. Class C Distribution | $ | 287,948.50 | ||||||||||||
| g. Class D Distribution | $ | 305,453.42 | ||||||||||||
| h. Class E Distribution | $ | 84,804.42 | ||||||||||||
| i. Total Withdrawals from Note Payment Account (sum a - g) | $ | 23,698,684.67 | ||||||||||||
| Certificate Payment Account Activity | ||||||||||||||
| 47. | Deposits to Certificate Payment Account from Excess Collections | $ | 4,530,428.85 | |||||||||||
| 48. | Withdrawals from Certificate Payment Account for Certificateholder Distribution | $ | 4,530,428.85 | |||||||||||
| Required Reserve Account Amount | 0.15 | % | ||||||||||||
| 49. | Required Reserve Account Amount (1.00% of Initial Pool Balance) | $ | 9,230,817.40 | |||||||||||
| Reserve Account Reconciliation | ||||||||||||||
| 50. | Beginning Balance (as of end of preceding Distribution Date) | $ | 9,230,817.40 | |||||||||||
| 51. | Investment Earnings | $ | 26,943.63 | |||||||||||
| 52. | Reserve Account Draw Amount | $ | 0.00 | |||||||||||
| 53. | Reserve Account Amount (Ln 50 + Ln 51 - Ln 52) | $ | 9,257,761.03 | |||||||||||
| 54. | Deposit from Available Funds (Ln 44d) | $ | 0.00 | |||||||||||
| 55. | If Reserve Account Balance exceeds Required Reserve Account Amount, payment to | |||||||||||||
| a. the Note Payment Account for the payment of principal to the extent of any unfunded Regular Principal Distribution Amount; and | $ | 0.00 | ||||||||||||
| b. any Successor Servicer for the payment of any unfunded Transition Costs and Additional Servicing Fee | $ | 0.00 | ||||||||||||
| 56. | Payment to Certificateholders if Reserve Account Balance exceeds Required Reserve Account Amount and to the extent no unfunded amounts described in Ln 55 exist | $ | 26,943.63 | |||||||||||
| 57. | Ending Balance (Ln53 + Ln54 - Ln55 - Ln56) | $ | 9,230,817.40 | |||||||||||
| 58. | Reserve Account Deficiency (Ln50 - Ln57) | $ | 0.00 | |||||||||||
| Instructions to the Trustee | ||||||||||||||
| 59. | Amount to be deposited from the Reserve Account into the Collection Account | $ | 0.00 | |||||||||||
| 60. | Amount to be paid to Servicer from the Collection Account | $ | 1,312,611.56 | |||||||||||
| 61. | Amount to be deposited from the Collection Account into the Note Payment Account | $ | 23,698,684.67 | |||||||||||
| 62. | Amount to be deposited from the Collection Account into the Certificate Payment Account | $ | 4,530,428.85 | |||||||||||
| 63. | Amount to be deposited from the Collection Account into the Reserve Account | $ | 0.00 | |||||||||||
| 64. | Amount to be deposited from the Reserve Account, if Reserve Account Balance exceeds Required Reserve Account Amount, into | |||||||||||||
| a. the Note Payment Account for any unfunded Regular Principal Distributable Amount | $ | 0.00 | ||||||||||||
| b. the Certificateholders, if no unfunded Regular Principal distributable amount exists | $ | 26,943.63 | ||||||||||||
| 65. | Amount to be paid to Class A-1 Noteholders from the Note Payment Account | $ | 0.00 | |||||||||||
| 66. | Amount to be paid to Class A-2 Noteholders from the Note Payment Account | $ | 22,191,806.00 | |||||||||||
| 67. | Amount to be paid to Class A-3 Noteholders from the Note Payment Account | $ | 607,837.33 | |||||||||||
| 68. | Amount to be paid to Class B Noteholders from the Note Payment Account | $ | 220,835.00 | |||||||||||
| 69. | Amount to be paid to Class C Noteholders from the Note Payment Account | $ | 287,948.50 | |||||||||||
| 70. | Amount to be paid to Class D Noteholders from the Note Payment Account | $ | 287,948.50 | |||||||||||
| 71. | Amount to be paid to Class E Noteholders from the Note Payment Account | $ | 84,804.42 | |||||||||||
| 72. | Amount to be paid to Certificateholders from the Certificate Payment Account with respect to Excess Collections | $ | 4,530,428.85 | |||||||||||
| Delinquency Activity | ||||||||||||||
| Number of Loans | Principal Balance | |||||||||||||
| 73. | Delinquency Analysis | |||||||||||||
| a. 31 to 60 days past due | 2,110 | $ | 39,858,451.75 | |||||||||||
| b. 61 to 90 days past due | 907 | $ | 17,273,068.04 | |||||||||||
| c. 91 to 120 days past due | 276 | $ | 5,052,219.96 | |||||||||||
| d. 121 or more days past due | 1 | $ | 556.31 | |||||||||||
| e. Total Past Due (sum a - d) | 3,294 | $ | 62,184,296.06 | |||||||||||
| f. Delinquent Loans as a percentage of end of period Pool Balance (Ln 73e / Ln 5) | 9.1887 | % | ||||||||||||
| 74. | Has a Delinquency Trigger Event occurred? | No | ||||||||||||
| Loss Activity | ||||||||||||||
| Number of Loans | Principal Balance | |||||||||||||
| 75. | Defaulted Receivables (charge-offs) | 217 | $ | 3,827,463.81 | ||||||||||
| 76. | Recoveries | 192 | $ | 940,193.63 | ||||||||||
| 77. | Net Losses (Ln 75 - Ln 76) | $ | 2,887,270.18 | |||||||||||
| 78. | Ratio of Net Losses to Beginning of Period Pool Balance (Ln 77 / Ln 1) | 0.4124 | % | |||||||||||
| Cumulative Loss Activity | ||||||||||||||
| Number of Loans | Principal Balance | |||||||||||||
| 79. | Defaulted Receivables (charge-offs) | 1,319 | $ | 25,223,950.76 | ||||||||||
| 80. | Recoveries | 899 | $ | 8,090,869.66 | ||||||||||
| 81. | Cumulative Net Losses (Ln 79 - Ln 80) | $ | 17,133,081.10 | |||||||||||
| 82. | Ratio of Cumulative Net Losses to Initial Pool Balance (Ln 81 / Ln 7) | 1.8561 | % | |||||||||||
| 83. | Average Net Loss on Defaulted Receivables | $ | 12,989.45 | |||||||||||
| Other Servicing Information | ||||||||||||||
| 84. | Principal Balance of Receivables extended during the Collection Period | $ | 17,772,200.12 | |||||||||||
| 85. | Pool Balance on the close of the last day of the preceding Collection Period | $ | 700,059,498.55 | |||||||||||
| 86. | Ratio of extensions to pool balance (Ln 85 / Ln 86) | 2.54 | % | |||||||||||
| CARMAX BUSINESS SERVICES, LLC | |||||
| As Servicer | |||||
| By: | /s/ Greg Dostich | ||||
| Name: | Greg Dostich | ||||
| Title: | Vice President and Treasurer | ||||