In a recent Securities and Exchange Commission (SEC) filing, CarMax Auto Owner Trust 2021-1, identified by the filing number 0001836214, submitted an ABS-EE form. This filing is significant as it indicates that the trust is issuing asset-backed securities, which are backed by a pool of auto loans or leases. Investors often view these types of securities as relatively safe investments due to the underlying collateral.
CarMax Auto Owner Trust 2021-1 is a trust established by CarMax, a leading retailer of new and used vehicles in the United States. The trust is likely created to securitize a pool of auto loans originated by CarMax, allowing the company to free up capital for additional lending. Investors interested in learning more about CarMax can visit their website here.
The ABS-EE form filed by CarMax Auto Owner Trust 2021-1 is a document required by the SEC for asset-backed securities offerings. This form provides detailed information about the securities being offered, including the structure of the transaction, the credit quality of the underlying assets, and the terms of the securities. Investors and analysts closely scrutinize these filings to assess the risks and potential returns associated with investing in the asset-backed securities.
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CarMax Auto Owner Trust 2021-1 Submits ABS-EE Filing to SEC
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