New York, October 13, 2016 -- Moody's Investors Service (Moody's) has assigned provisional ratings to the notes to be issued by CarMax Auto Owner Trust 2016-4 (CAOT 2016-4). This is the fourth CAOT auto loan transaction of the year for CarMax Business Services, LLC. (CarMax; Not Rated). The notes will be backed by a pool of retail automobile loan contracts originated by CarMax, who is also the servicer and administrator for the transaction.
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