CarMax priced its upsized $950 million asset-backed securitization backed by prime auto loans, according to a deal prospectus filed with the Securities and Exchange Commission.

The deal, CarMax Auto Owner Trust 2014-1, was upsized by $150 million.  Moody’s Investors Service and Fitch Ratings assigned ‘Aaa’ / ‘AAA’ ratings respectively to the three class A notes marketed to securitization investors.

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