CarMax Auto Owner Trust 2024-4

07/15/2025 | Press release | Distributed by Public on 07/15/2025 09:52

Asset-Backed Issuer Distribution Report (Form 10-D)


MONTHLY SERVICER'S CERTIFICATE
CARMAX BUSINESS SERVICES, LLC
CARMAX AUTO OWNER TRUST
SERIES 2024-4
Collection Period 06/01/25-06/30/25
Determination Date 7/9/2025
Distribution Date 7/15/2025
Additional information, including defined terms, can be found in the prospectus on the SEC's EDGAR system (http://www.sec.gov) under File No. 333-260819-13.



Pool Balance
1. Pool Balance on the close of the last day of the preceding Collection Period $ 1,075,548,633.83
2. Collections allocable to Principal $ 35,847,102.17
3. Purchase Amount allocable to Principal $ 0.00
4. Defaulted Receivables $ 1,137,889.88
5. Pool Balance on the close of the last day of the related Collection Period $ 1,038,563,641.78
(Ln1 - Ln2 - Ln3 - Ln4)
6. Total number of Receivables outstanding on the close of the last day of the related Collection Period 56,886
7. Initial Pool Balance $ 1,417,722,032.33
Beginning of Period End of Period
8. Note Balances
a. Class A-1 Note Balance
$ 0.00 $ 0.00
b. Class A-2a Note Balance $ 272,200,621.41 $ 246,931,650.03
c. Class A-2b Floating Rate Note Balance $ 126,206,487.02 $ 114,490,466.35
d. Class A-3 Note Balance $ 520,870,000.00 $ 520,870,000.00
e. Class A-4 Note Balance $ 88,930,000.00 $ 88,930,000.00
f. Class B Note Balance $ 14,180,000.00 $ 14,180,000.00
g. Class C Note Balance $ 17,720,000.00 $ 17,720,000.00
h. Class D Note Balance $ 17,720,000.00 $ 17,720,000.00
i. Note Balance (sum a - h) $ 1,057,827,108.43 $ 1,020,842,116.38
9. Pool Factors
a. Class A-1 Note Pool Factor 0.0000000 0.0000000
b. Class A-2a Note Pool Factor 0.7648878 0.6938816
c. Class A-2b Floating Rate Note Pool Factor 0.7648878 0.6938816
d. Class A-3 Note Pool Factor 1.0000000 1.0000000
e. Class A-4 Note Pool Factor 1.0000000 1.0000000
f. Class B Note Pool Factor 1.0000000 1.0000000
g. Class C Note Pool Factor 1.0000000 1.0000000
h. Class D Note Pool Factor 1.0000000 1.0000000
i. Note Pool Factor 0.7555908 0.7291729
10. Overcollateralization Target Amount $ 17,721,525.40
11. Current overcollateralization amount (Pool Balance - Note Balance) $ 17,721,525.40
12. Weighted Average Coupon 9.81 %
13. Weighted Average Original Term months 66.52
14. Weighted Average Remaining Term months 52.35
15. 30 day Average SOFR for the accrual period ending 7/14/2024 4.30385 %
16. Note Rate applicable to the Class A-2b notes for the interest period ending 7/14/2024 4.75385 %
Collections
17. Finance Charges:
a. Collections allocable to Finance Charge $ 8,786,516.46
b. Liquidation Proceeds allocable to Finance Charge $ 260.62
c. Purchase Amount allocable to Finance Charge $ 0.00
d. Available Finance Charge Collections (sum a - c) $ 8,786,777.08
18. Principal:
a. Collections allocable to Principal $ 35,847,102.17
b. Liquidation Proceeds allocable to Principal $ 239,352.90
c. Purchase Amount allocable to Principal $ 0.00
d. Available Principal Collections (sum a - c) $ 36,086,455.07
19. Total Finance Charge and Principal Collections (17d + 18d) $ 44,873,232.15
20. Interest Income from Collection Account $ 131,952.83
21. Simple Interest Advances $ 0.00
22. Available Collections (Ln19 + 20 + 21) $ 45,005,184.98


Available Funds
23. Available Collections $ 45,005,184.98
24. Reserve Account Draw Amount $ 0.00
25. Available Funds $ 45,005,184.98
Application of Available Funds
26. Servicing Fee 0.15 %
a. Monthly Servicing Fee $ 896,290.53
b. Amount Unpaid from Prior Months $ 0.00
c. Amount Paid $ 896,290.53
d. Shortfall Amount (a + b - c) $ 0.00
27. Unreimbursed Servicer Advances $ 0.00
28. 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
29. 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-2a Monthly Interest $ 1,059,314.08
f. Additional Note Interest related to Class A-2a Monthly Interest $ 0.00
g. Interest Due on Additional Note Interest related to Class A-2a Monthly Interest $ 0.00
h. Total Class A-2a Note Interest (sum e - g) $ 1,059,314.08
i. Class A-2b Monthly Interest $ 483,306.52
j. Additional Note Interest related to Class A-2b Monthly Interest $ 0.00
k. Interest Due on Additional Note Interest related to Class A-2b Monthly Interest $ 0.00
l. Total Class A-2b Note Interest (sum i - k) $ 483,306.52
m. Class A-3 Monthly Interest $ 1,996,668.33
n. Additional Note Interest related to Class A-3 Monthly Interest $ 0.00
o. Interest Due on Additional Note Interest related to Class A-3 Monthly Interest $ 0.00
p. Total Class A-3 Note Interest (sum m - o) $ 1,996,668.33
q. Class A-4 Monthly Interest $ 343,862.67
r. Additional Note Interest related to Class A-4 Monthly Interest $ 0.00
r. Additional Note Interest related to Class A-4 Monthly Interest $ 0.00
t. Total Class A-4 Note Interest (sum q - s) $ 343,862.67
30. Priority Principal Distributable Amount $ 0.00
31. Class B Noteholder Interest Amount
a. Class B Monthly Interest $ 56,956.33
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) $ 56,956.33
32. Secondary Principal Distributable Amount $ 0.00
33. Class C Noteholder Interest Amount
a. Class C Monthly Interest $ 73,390.33
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) $ 73,390.33
34. Tertiary Principal Distributable Amount $ 1,543,466.65
35. Class D Noteholder Interest Amount
a. Class D Monthly Interest $ 79,149.33
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) $ 79,149.33


36. Quaternary Principal Distributable Amount $ 24,252,404.77
37. Required Payment Amount (Ln 26 + Ln 28 + (sum of Ln 29 through Ln 36)) $ 0.00
38. Reserve Account Deficiency $ 17,721,525.40
39. Regular Principal Distributable Amount $ 0.00
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 $ 8,786,777.08
b. Total Daily Deposits of Principal Collections $ 36,086,455.07
c. Withdrawal from Reserve Account $ 0.00
d. Interest Income $ 131,952.83
e. Total Deposits to Collection Account (sum a - d) $ 45,005,184.98
44. Withdrawals
a. Servicing Fee and Unreimbursed Servicer Advances $ 896,290.53
b. Successor Servicer Transition Expenses and Indemnity Amounts $ 0.00
c. Deposit to Note Payment Account for Monthly Note Interest/Principal $ 41,077,639.64
d. Deposit to Reserve Account $ 0.00
e. Excess Collections (Deposit to Certificate Payment Account for payment to Certificateholder) $ 3,031,254.81
f. Total Withdrawals from Collection Account (sum a - e) $ 45,005,184.98
Note Payment Account Activity
45. Deposits
a. Class A-1 Interest Distribution $ 0.00
b. Class A-2a Interest Distribution $ 1,059,314.08
c. Class A-2b Interest Distribution $ 483,306.52
d. Class A-3 Interest Distribution $ 1,996,668.33
e. Class A-4 Interest Distribution $ 343,862.67
f. Class B Interest Distribution $ 56,956.33
g. Class C Interest Distribution $ 73,390.33
h. Class D Interest Distribution $ 79,149.33
i. Class A-1 Principal Distribution $ 0.00
j. Class A-2a Principal Distribution $ 25,268,971.38
k. Class A-2b Principal Distribution $ 11,716,020.67
l. Class A-3 Principal Distribution $ 0.00
m. Class A-4 Principal Distribution $ 0.00
n. Class B Principal Distribution $ 0.00
o. Class C Principal Distribution $ 0.00
p. Class D Principal Distribution $ 0.00
q. Total Deposits to Note Payment Account (sum a - p) $ 41,077,639.64
46. Withdrawals
a. Class A-1 Distribution $ 0.00
b. Class A-2a Distribution $ 26,328,285.46
c. Class A-2b Distribution $ 12,199,327.19
d. Class A-3 Distribution $ 1,996,668.33
e. Class A-4 Distribution $ 343,862.67
f. Class B Distribution $ 56,956.33
g. Class C Distribution $ 73,390.33
h. Class D Distribution $ 79,149.33
i. Total Withdrawals from Note Payment Account (sum a - h) $ 41,077,639.64


Certificate Payment Account Activity
47. Deposits to Certificate Payment Account from Excess Collections $ 3,031,254.81
48. Withdrawals from Certificate Payment Account for Certificateholder Distribution $ 3,031,254.81
Required Reserve Account Amount 0.15 %
49. Required Reserve Account Amount (1.00% of Initial Pool Balance) $ 3,544,305.08
Reserve Account Reconciliation
50. Beginning Balance (as of end of preceding Distribution Date) $ 3,544,305.08
51. Investment Earnings $ 12,181.54
52. Reserve Account Draw Amount $ 0.00
53. Reserve Account Amount (Ln 50 + Ln 51 - Ln 52) $ 3,556,486.62
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 Depositor if Reserve Account Balance exceeds Required Reserve Account Amount and to the extent no unfunded amounts described in Ln 55 exist $ 12,181.54
57. Ending Balance (Ln53 + Ln54 - Ln55 - Ln56) $ 3,544,305.08
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 $ 896,290.53
61. Amount to be deposited from the Collection Account into the Note Payment Account $ 41,077,639.64
62. Amount to be deposited from the Collection Account into the Certificate Payment Account $ 3,031,254.81
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 Depositor, if no unfunded Regular Principal distributable amount exists $ 12,181.54
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-2a Noteholders from the Note Payment Account $ 26,328,285.46
67. Amount to be paid to Class A-2b Noteholders from the Note Payment Account $ 12,199,327.19
68. Amount to be paid to Class A-3 Noteholders from the Note Payment Account $ 1,996,668.33
69. Amount to be paid to Class A-4 Noteholders from the Note Payment Account $ 343,862.67
70. Amount to be paid to Class B Noteholders from the Note Payment Account $ 56,956.33
71. Amount to be paid to Class C Noteholders from the Note Payment Account $ 73,390.33
72. Amount to be paid to Class D Noteholders from the Note Payment Account $ 79,149.33
73. Amount to be paid to Certificateholders from the Certificate Payment Account with respect to Excess Collections $ 3,031,254.81


Delinquency Activity
Number of Loans Principal Balance
74. Delinquency Analysis
a. 31 to 60 days past due 317 $ 6,929,880.03
b. 61 to 90 days past due 154 $ 3,247,828.39
c. 91 to 120 days past due 53 $ 1,035,957.81
d. 121 or more days past due 0 $ 0.00
e. Total Past Due (sum a - d) 524 $ 11,213,666.23
f. Delinquent Loans as a percentage of end of period Pool Balance (Ln 74e / Ln 5) 1.0797 %
75. Has a Delinquency Trigger Event occurred? No
Loss Activity
Number of Loans Principal Balance
76. Defaulted Receivables (charge-offs) 49 $ 1,137,889.88
77. Recoveries 44 $ 239,613.52
78. Net Losses (Ln 76 - Ln 77) $ 898,276.36
79. Ratio of Net Losses to Beginning of Period Pool Balance (Ln 78 / Ln 1) 0.0835 %
Cumulative Loss Activity
Number of Loans Principal Balance
80. Defaulted Receivables (charge-offs) 221 $ 5,739,259.77
81. Recoveries 148 $ 1,686,717.58
82. Cumulative Net Losses (Ln 80 - Ln 81) $ 4,052,542.19
83. Ratio of Cumulative Net Losses to Initial Pool Balance (Ln 82 / Ln 7) 0.2858 %
84. Average Net Loss on Defaulted Receivables $ 18,337.29
Other Servicing Information
85. Principal Balance of Receivables extended during the Collection Period $ 6,528,443.51
86. Pool Balance on the close of the last day of the preceding Collection Period $ 1,075,548,633.83
87. Ratio of extensions to pool balance (Ln 85 / Ln 86) 0.61 %



IN WITNESS WHEREOF, the undersigned has duly executed this certificate on July 9, 2025
CARMAX BUSINESS SERVICES, LLC
As Servicer
By: /s/ Greg Dostich
Name: Greg Dostich
Title: Vice President and Treasurer


CarMax Auto Owner Trust 2024-4 published this content on July 15, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on July 15, 2025 at 15:52 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at support@pubt.io