CarMax Auto Owner Trust 2022-2

07/15/2025 | Press release | Distributed by Public on 07/15/2025 09:31

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


MONTHLY SERVICER'S CERTIFICATE
CARMAX BUSINESS SERVICES, LLC
CARMAX AUTO OWNER TRUST
SERIES 2022-2
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. 333-260819-02.



Pool Balance
1. Pool Balance on the close of the last day of the preceding Collection Period $ 318,219,724.91
2. Collections allocable to Principal $ 16,106,847.67
3. Purchase Amount allocable to Principal $ 0.00
4. Defaulted Receivables $ 1,205,436.54
5. Pool Balance on the close of the last day of the related Collection Period $ 300,907,440.70
(Ln1 - Ln2 - Ln3 - Ln4)
6. Total number of Receivables outstanding on the close of the last day of the related Collection Period 28,420
7. Initial Pool Balance $ 1,432,225,072.49
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 $ 0.00 $ 0.00
c. Class A-2b Floating Rate Note Balance $ 0.00 $ 0.00
d. Class A-3 Note Balance $ 83,162,435.71 $ 65,850,151.50
e. Class A-4 Note Balance $ 129,000,000.00 $ 129,000,000.00
f. Class B Note Balance $ 22,300,000.00 $ 22,300,000.00
g. Class C Note Balance $ 32,200,000.00 $ 32,200,000.00
h. Class D Note Balance $ 17,900,000.00 $ 17,900,000.00
i. Note Balance (sum a - h) $ 284,562,435.71 $ 267,250,151.50
9. Pool Factors
a. Class A-1 Note Pool Factor 0.0000000 0.0000000
b. Class A-2a Note Pool Factor 0.0000000 0.0000000
c. Class A-2b Floating Rate Note Pool Factor 0.0000000 0.0000000
d. Class A-3 Note Pool Factor 0.1766594 0.1398835
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 0.2034623 0.1910840
10. Overcollateralization Target Amount $ 33,657,289.20
11. Current overcollateralization amount (Pool Balance - Note Balance) $ 33,657,289.20
12. Weighted Average Coupon 8.17 %
13. Weighted Average Original Term months 67.82
14. Weighted Average Remaining Term months 26.81
15. 30 day Average SOFR for the accrual period ending 7/14/2025 4.30385 %
16. Note Rate applicable to the Class A-2b notes for the interest period ending 7/14/2025 N/A
Collections
17. Finance Charges:
a. Collections allocable to Finance Charge $ 2,171,106.42
b. Liquidation Proceeds allocable to Finance Charge $ 2,128.16
c. Purchase Amount allocable to Finance Charge $ 0.00
d. Available Finance Charge Collections (sum a - c) $ 2,173,234.58
18. Principal:
a. Collections allocable to Principal $ 16,106,847.67
b. Liquidation Proceeds allocable to Principal $ 431,614.28
c. Purchase Amount allocable to Principal $ 0.00
d. Available Principal Collections (sum a - c) $ 16,538,461.95
19. Total Finance Charge and Principal Collections (17d + 18d) $ 18,711,696.53
20. Interest Income from Collection Account $ 54,844.48
21. Simple Interest Advances $ 0.00
22. Available Collections (Ln19 + 20 + 21) $ 18,766,541.01


Available Funds
23. Available Collections $ 18,766,541.01
24. Reserve Account Draw Amount $ 0.00
25. Available Funds $ 18,766,541.01
Application of Available Funds
26. Servicing Fee 0.15 %
a. Monthly Servicing Fee $ 265,183.10
b. Amount Unpaid from Prior Months $ 0.00
c. Amount Paid $ 265,183.10
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 $ 0.00
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) $ 0.00
i. Class A-2b Monthly Interest $ 0.00
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) $ 0.00
m. Class A-3 Monthly Interest $ 241,864.08
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) $ 241,864.08
q. Class A-4 Monthly Interest $ 389,150.00
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) $ 389,150.00
30. Priority Principal Distributable Amount $ 0.00
31. Class B Noteholder Interest Amount
a. Class B Monthly Interest $ 72,660.83
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) $ 72,660.83
32. Secondary Principal Distributable Amount $ 0.00
33. Class C Noteholder Interest Amount
a. Class C Monthly Interest $ 114,310.00
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) $ 114,310.00
34. Tertiary Principal Distributable Amount $ 0.00
35. Class D Noteholder Interest Amount
a. Class D Monthly Interest $ 70,854.17
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) $ 70,854.17


36. Quaternary Principal Distributable Amount $ -
37. Required Payment Amount (Ln 26 + Ln 28 + (sum of Ln 29 through Ln 36)) $ 1,154,022.18
38. Reserve Account Deficiency $ 0.00
39. Regular Principal Distributable Amount $ 17,312,284.21
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 $ 2,173,234.58
b. Total Daily Deposits of Principal Collections $ 16,538,461.95
c. Withdrawal from Reserve Account $ 0.00
d. Interest Income $ 54,844.48
e. Total Deposits to Collection Account (sum a - d) $ 18,766,541.01
44. Withdrawals
a. Servicing Fee and Unreimbursed Servicer Advances $ 265,183.10
b. Successor Servicer Transition Expenses and Indemnity Amounts $ 0.00
c. Deposit to Note Payment Account for Monthly Note Interest/Principal $ 18,201,123.29
d. Deposit to Reserve Account $ 0.00
e. Excess Collections (Deposit to Certificate Payment Account for payment to Certificateholder) $ 300,234.62
f. Total Withdrawals from Collection Account (sum a - e) $ 18,766,541.01
Note Payment Account Activity
45. Deposits
a. Class A-1 Interest Distribution $ 0.00
b. Class A-2a Interest Distribution $ 0.00
c. Class A-2b Interest Distribution $ 0.00
d. Class A-3 Interest Distribution $ 241,864.08
e. Class A-4 Interest Distribution $ 389,150.00
f. Class B Interest Distribution $ 72,660.83
g. Class C Interest Distribution $ 114,310.00
h. Class D Interest Distribution $ 70,854.17
i. Class A-1 Principal Distribution $ 0.00
j. Class A-2a Principal Distribution $ 0.00
k. Class A-2b Principal Distribution $ 0.00
l. Class A-3 Principal Distribution $ 17,312,284.21
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) $ 18,201,123.29
46. Withdrawals
a. Class A-1 Distribution $ 0.00
b. Class A-2a Distribution $ 0.00
c. Class A-2b Distribution $ 0.00
d. Class A-3 Distribution $ 17,554,148.29
e. Class A-4 Distribution $ 389,150.00
f. Class B Distribution $ 72,660.83
g. Class C Distribution $ 114,310.00
h. Class D Distribution $ 70,854.17
i. Total Withdrawals from Note Payment Account (sum a - h) $ 18,201,123.29


Certificate Payment Account Activity
47. Deposits to Certificate Payment Account from Excess Collections $ 300,234.62
48. Withdrawals from Certificate Payment Account for Certificateholder Distribution $ 300,234.62
Required Reserve Account Amount 0.15 %
49. Required Reserve Account Amount (1.00% of Initial Pool Balance) $ 7,161,125.36
Reserve Account Reconciliation
50. Beginning Balance (as of end of preceding Distribution Date) $ 7,161,125.36
51. Investment Earnings $ 24,664.29
52. Reserve Account Draw Amount $ 0.00
53. Reserve Account Amount (Ln 50 + Ln 51 - Ln 52) $ 7,185,789.65
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 $ 24,664.29
57. Ending Balance (Ln53 + Ln54 - Ln55 - Ln56) $ 7,161,125.36
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 $ 265,183.10
61. Amount to be deposited from the Collection Account into the Note Payment Account $ 18,201,123.29
62. Amount to be deposited from the Collection Account into the Certificate Payment Account $ 300,234.62
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 $ 24,664.29
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 $ 0.00
67. Amount to be paid to Class A-2b Noteholders from the Note Payment Account $ 0.00
68. Amount to be paid to Class A-3 Noteholders from the Note Payment Account $ 17,554,148.29
69. Amount to be paid to Class A-4 Noteholders from the Note Payment Account $ 389,150.00
70. Amount to be paid to Class B Noteholders from the Note Payment Account $ 72,660.83
71. Amount to be paid to Class C Noteholders from the Note Payment Account $ 114,310.00
72. Amount to be paid to Class D Noteholders from the Note Payment Account $ 70,854.17
73. Amount to be paid to Certificateholders from the Certificate Payment Account with respect to Excess Collections $ 300,234.62


Delinquency Activity
Number of Loans Principal Balance
74. Delinquency Analysis
a. 31 to 60 days past due 998 $ 14,719,732.91
b. 61 to 90 days past due 531 $ 8,434,458.51
c. 91 to 120 days past due 105 $ 1,447,677.34
d. 121 or more days past due 0 $ 0.00
e. Total Past Due (sum a - d) 1,634 $ 24,601,868.76
f. Delinquent Loans as a percentage of end of period Pool Balance (Ln 74e / Ln 5) 8.1759 %
75. Has a Delinquency Trigger Event occurred? No
Loss Activity
Number of Loans Principal Balance
76. Defaulted Receivables (charge-offs) 88 $ 1,205,436.54
77. Recoveries 179 $ 433,742.44
78. Net Losses (Ln 76 - Ln 77) $ 771,694.10
79. Ratio of Net Losses to Beginning of Period Pool Balance (Ln 78 / Ln 1) 0.2425 %
Cumulative Loss Activity
Number of Loans Principal Balance
80. Defaulted Receivables (charge-offs) 3,382 $ 59,421,906.41
81. Recoveries 2,657 $ 24,584,204.68
82. Cumulative Net Losses (Ln 80 - Ln 81) $ 34,837,701.73
83. Ratio of Cumulative Net Losses to Initial Pool Balance (Ln 82 / Ln 7) 2.4324 %
84. Average Net Loss on Defaulted Receivables $ 10,300.92
Other Servicing Information
85. Principal Balance of Receivables extended during the Collection Period $ 4,475,110.99
86. Pool Balance on the close of the last day of the preceding Collection Period $ 318,219,724.91
87. Ratio of extensions to pool balance (Ln 85 / Ln 86) 1.41 %



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 2022-2 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 15:31 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