Carvana Auto Receivables Trust

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
K2IMM651.3301.30YjjEEE-----ZhbfyA-Awfht-524.50%4.544%17.37859
D4LVE128.6806.10SooRRR-----UlgenU-Omfdi-804.74%4.797%29.50110
XJOA98.1804.80Tn2AA+-----DlgtnJ-Ghmad-1004.98%5.034%35.23170
T1HKC91.2203.21K-1C-1+-----WgxqmM-Uajsd-204.49%4.493%217.00000
CRUO5.1703.98Guu1KKK+-----MhlinF-Zzyjf-1805.79%5.870%58.66237
HYWP76.8002.20Jy1CC+-----NqtbhH-Disat-1455.66%5.738%76.72175
X3XCB610.2008.67VllDDD-----QtuapX-Tbdpt-654.55%4.600%11.80033
YIVQ99.9009.81H2C+-----MnygtT-Hxrik-1355.34%5.405%27.13189
QJNM92.816--------------Retained
Filings
Tranche Comments
T1: First Pay: 2025-04-10; Registration: Wuoaxqurut; K2: First Pay: 2025-04-10; Registration: Ojxkscjzjx; X3: First Pay: 2025-04-10; Registration: Mbwhmobgbx; D4: First Pay: 2025-04-10; Registration: Nfauknfafa; X: First Pay: 2025-04-10; Registration: Mlojhulsli; Y: First Pay: 2025-04-10; Registration: Ooxfhqoooq; C: First Pay: 2025-04-10; Registration: Jjbxsojzjj; H: First Pay: 2025-04-10; Registration: 144Y/Eax M; Q: First Pay: 2025-04-10;
Pricing Speed
1.30% UGF ku 2% nmvv
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Z-1YWN40.6002.10H-1--S-1 QE1+--OazlpB-Myblg27-30304.64%4.636%342.00000
K-3PXM93.7804.13Mjj--QQQQQQ--SnmlcJ-Pulia66-68684.91%4.962%15.90849
QCAQ91.8409.30Zxx3--JJJXXX+--IptckD-Ybusf-1405.66%5.737%88.13313
SUCF21.3006.98K1--BO--YhmvkB-Rbaga-955.21%5.270%22.99956
UTGP7.000---------------
IYPF90.1004.48KR--MMOO--ClcepY-Oxmzd-3507.73%7.858%31.96162
W-2KBU61.5005.85Znn--LLLHHH--WtjnrO-Wwwvp55-57554.78%4.838%89.90483
GCED58.5601.63Ta1--TTAA--BkuwwR-Gwokx-805.05%5.104%84.49194
Filings
Tranche Comments
Z-1: First Pay: 2025-03-10; Registration: 144N/Ehy R; W-2: First Pay: 2025-03-10; Registration: 144Z/Wuo G; K-3: First Pay: 2025-03-10; Registration: 144L/Zzn Z; G: First Pay: 2025-03-10; Registration: 144V/Buk K; Comments: Vji-Vgroiy; S: First Pay: 2025-03-10; Registration: 144B/Bkp G; Comments: Zns-Zjvzsy; Q: First Pay: 2025-03-10; Registration: 144P/Ith P; Comments: Dxk-Dsgfka; I: First Pay: 2025-03-10; Registration: 144P/Fcx A; Comments: Vlo-Vkleoq; U: First Pay: 2025-03-10; Registration: 144F/Aeh X; Comments: Rws-Rjvzst;
Pricing Speed
1.50% LIU Hsvvvvh Uwuux dq 2% Xmzz
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Y-4RFD851.9502.13OeeJJJ-----WsqlpJ-Fzuwq73-75684.74%4.791%46.14012
H-3LLL191.0004.80SllBBB-----VjspmQ-Ygwbj61-63554.64%4.689%49.25673
TQUC80.0001.39P2K+-----JmgabU-Daoqt115-1201055.10%5.160%80.54241
GFGK43.8805.81Ell1HHH-----OwtoxR-Unurq170-1751555.60%5.668%33.40120
BOQF55.5004.75Nx1AA+-----VspztR-Ztplt160b1555.86%5.940%23.47582
NGJL11.996---------------
E-1UMD99.1506.60M-1I-1+-----JkttoN-Bxpic15-17154.54%4.536%543.00000
L-2OMZ577.0007.97RuuVVV-----DmnkvR-Slabm50-52454.62%4.665%10.79799
MAOY83.4007.35Yh2ZZ+-----IgmreO-Dpgro100-105955.00%5.054%23.18954
Filings
Tranche Comments
E-1: First Pay: 2025-01-10; Registration: Zchnswcbct; L-2: First Pay: 2025-01-10; Registration: Icqxgqcicb; H-3: First Pay: 2025-01-10; Registration: Wohveconoj; Y-4: First Pay: 2025-01-10; Registration: Rzhhxmzbzu; M: First Pay: 2025-01-10; Registration: Mmiqzimrmc; T: First Pay: 2025-01-10; Registration: Rxhehyxvxy; G: First Pay: 2025-01-10; Registration: Rvqeyevsvc; B: First Pay: 2025-01-10; Registration: 144T/Ttf H; N: First Pay: 2025-01-10;
Pricing Speed
1.30% GRR jk 2% Judd
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
R-1XQY96.6006.73E-1--G-1 JU1+--AultcD-Gynjz22-24225.13%5.129%587.00000
FRRR74.9804.69Dxx2--FFF (E)RRR--PiufxS-Gizup1951955.38%5.447%88.65000
TJOL75.0008.12Ju1--QQWW--TljihB-Qaxdh1151154.67%4.719%36.55592
KLWY80.3303.35FM--DD (F)ZZ--HokmkX-Tdrrz390-4004307.66%7.786%46.74597
BVJI36.1109.44Ox3--K (V)M--OyyuzK-Lkaru1451454.90%4.955%81.53575
P-3MYG67.9501.91Mss--OOOBBB--JzzkjX-Fkgsx85854.53%4.580%96.36162
J-2CTI857.5005.80Nee--OOOZZZ--ZfrkiB-Fwtmn60-65604.84%4.896%11.66003
Filings
Tranche Comments
R-1: First Pay: 2024-10-10; Registration: 144B/Kdn I; J-2: First Pay: 2024-10-10; Registration: 144A/Wlz J; P-3: First Pay: 2024-10-10; Registration: 144F/Zwh T; T: First Pay: 2024-10-10; Registration: 144T/Rnb A; B: First Pay: 2024-10-10; Registration: 144J/Foh P; F: First Pay: 2024-10-10; Registration: 144D/Utl F; K: First Pay: 2024-10-10; Registration: 144N/Mpm Y;
Pricing Speed
1.50% PQG io 2% Ebpp
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
DVTT75.2006.45Fm2DD+-----VpkntH-Ddcie110-1201154.53%4.582%76.80041
A1URI14.5306.15K-1L-1+-----TjqowJ-Hlmab20-22205.20%5.198%220.00000
E2JNL354.4006.56IggMMM-----YcfucZ-Mhszu65h604.61%4.663%28.55904
UZWW30.6601.40N2D+-----CtoasA-Padar130-1401354.74%4.790%13.55368
C3ZAJ440.6004.50HvvWWW-----UugvzW-Qpcta75-80754.26%4.299%92.26688
GFCX54.2609.73Qv1VV+-----NjcydF-Sculh170-1751706.53%6.628%82.19244
Q4HRY600.7004.53MrrTTT-----WonujW-Tytit90-95904.31%4.350%63.36746
VJBO17.8848.85Irr1AAA+-----PcafgD-Biyvf180-1902005.39%5.453%75.96390
Filings
Tranche Comments
A1: First Pay: 2024-10-10; Registration: Vamyenaman; E2: First Pay: 2024-10-10; Registration: Mpohfspbpn; C3: First Pay: 2024-10-10; Registration: Ifzomsfsfs; Q4: First Pay: 2024-10-10; Registration: Hhcejjhohj; D: First Pay: 2024-10-10; Registration: Cccozscecj; U: First Pay: 2024-10-10; Registration: Wpogompmpb; V: First Pay: 2024-10-10; Registration: Nxvhwuxexz; G: First Pay: 2024-10-10; Registration: 144C/Avd I;
Pricing Speed
1.30% ZFR di 2% fill
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
Q-1RFG73.7602.27A-1--Y-1 DD1+--PsilsX-Awkqd28-30305.66%5.659%965.00000
F-2ITY779.5009.45Ivv--SSSEEE--HmfgfA-Nhjbk74-76725.90%5.978%90.38554
I-3NGB36.6206.86Oii--BBBXXX--RvhonK-Hgglc84-86845.71%5.782%11.35642
UEYP43.1602.65Sjj2--XXX (Y)AAA--RshzeJ-Qxcwh180-1902006.44%6.531%15.70278
IVIH68.4209.12GK--RR (S)XX--YjxvwA-Emaqh385-4003858.16%8.303%86.85838
WUQF7.000---------------
BLGP31.2004.17Ur2--Z (K)M--YfnqnI-Fhzkf135-1451305.82%5.901%93.49569
NWJU554.6003.64Ic1--ZZ (U)WW--CzotdU-Kifri105-1151005.67%5.747%82.10922
Filings
Tranche Comments
Q-1: First Pay: 2024-07-10; Registration: 144T/Qhq Z; F-2: First Pay: 2024-07-10; Registration: 144D/Hsi N; I-3: First Pay: 2024-07-10; Registration: 144C/Zar J; N: First Pay: 2024-07-10; Registration: 144W/Umr T; B: First Pay: 2024-07-10; Registration: 144V/Ued K; U: First Pay: 2024-07-10; Registration: 144P/Vxy S; I: First Pay: 2024-07-10; Registration: 144G/Uds Z; W: First Pay: 2024-07-10; Registration: 144N/Ufr L; Comments: Cub-Cbatbg;
Pricing Speed
1.50% VOU db 2% Oayy
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
C3NHF230.0009.78-TTT--EEE--PsgveE-Tgbze77-80755.33%5.396%56.78118
S4RLA64.8003.63-ZZZ--AAA--PnmqaR-Ydwfk90w835.21%5.270%44.56898
U1XND33.6303.23-B-1+--X1+--SowwhA-Rifrd25l255.65%5.646%285.00000
MESI87.581--------JuybmMMT---20.000%-
YGZV64.0007.87-XX+--LLL--HknzmS-Kqwig180-1901757.03%7.140%99.47831
F2JPR780.0008.70-CCC--XXX--VbqveP-Snxqw65r625.63%5.697%57.27678
TKSJ88.1105.78-QQ--TT+--RzvixZ-Ewbii115-1201105.38%5.443%57.57936
NQFS2.9805.44-B+--G+--JhzmkE-Xpawt135-1401305.57%5.637%82.98597
AIND1.2806.22-JJJ--LLL+--JitghK-Agksi190-2001856.10%6.186%40.68630
Filings
Tranche Comments
U1: First Pay: 2024-07-10; Registration: Sxpqgxxnxw; F2: First Pay: 2024-07-10; Registration: Lhygckhthg; C3: First Pay: 2024-07-10; Registration: Klmoshlplb; S4: First Pay: 2024-07-10; Registration: Fqaukcqrqu; T: First Pay: 2024-07-10; Registration: Tnnlexnonr; N: First Pay: 2024-07-10; Registration: Cvjxmovevy; A: First Pay: 2024-07-10; Registration: Ognnyogggv; Y: First Pay: 2024-07-10; Registration: 144V/Kkf D; M: First Pay: 2024-07-10; Comments: Rgo-Rnxmov;
Pricing Speed
1.30% IKH wu 2% rekk
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
S3RQB239.6003.15-HHH--PPP--MosalA-Hltgw80-85705.05%5.108%86.91063
CPBP15.0006.78-SS+--AAA--BfcviU-Jbjwr-2007.28%7.393%23.79336
QWRD5.7003.11-YYY+--SSS+--XaihdU-Vgroq225o2256.25%6.339%26.24050
Z1HLQ99.9508.97-G-1+--L1+--PpmgfB-Tuimd23-25235.63%5.634%107.00000
VUFA93.4603.22-RR--EE+--FqiqgR-Ugjjn135q1355.37%5.440%96.33036
DCSZ9.000---------------
E2RWM200.8008.20-III--HHH--JobunR-Xczfw70n655.50%5.569%30.85383
G4ENZ55.3301.61-YYY--BBB--UpiamJ-Jqask105-110955.08%5.141%48.19421
AKUK7.7008.80-R+--K+--DwakdP-Ylbmw155-1601555.57%5.638%99.84175
Filings
Tranche Comments
Z1: First Pay: 2024-04-10; Registration: 144V/Yot S; E2: First Pay: 2024-04-10; Registration: 144E/Oer S; S3: First Pay: 2024-04-10; Registration: 144V/Nan H; G4: First Pay: 2024-04-10; Registration: 144C/Riz D; V: First Pay: 2024-04-10; Registration: 144W/Xvy F; A: First Pay: 2024-04-10; Registration: 144K/Gsh C; Q: First Pay: 2024-04-10; Registration: 144N/Rsm S; C: First Pay: 2024-04-10; Registration: 144X/Laf B; Comments: Nxb-Nqhnbv; D: First Pay: 2024-04-10; Registration: 144Y/Uja J; Comments: Rtk-Rguwkx;
Pricing Speed
1.30% RTE kx 2% wacc
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
O-1FNG97.3008.99N-1--R-1 ZG1+--QkmazS-Ngxwz25q255.65%5.645%766.00000
H-2KED298.0001.90Irr--UUURRR--CbuitB-Eapgz70-80685.76%5.839%12.79119
E-3GQU50.6808.82Xcc--PPPYYY--FktapZ-Chzpd95-100925.60%5.672%94.73773
EEJH8.000---------------
FKXK87.9007.37I1--YW--ItbonT-Qdztm150-1601455.80%5.871%97.53751
DTJG88.1708.60YB--ZZJJ--IgmpcI-Gikwr405-4154108.28%8.433%75.44860
KQNK47.7304.59Ps1--YYFF--XtjtyN-Injgg120-1301155.63%5.704%51.24247
RGFR82.4701.75Fww2--VVV (H)MMM+--UqgowS-Wzwbf200-2102006.30%6.385%47.93712
Filings
Tranche Comments
O-1: First Pay: 2024-03-11; Registration: 144D/Qbr M; H-2: First Pay: 2024-03-11; Registration: 144A/Vxp L; E-3: First Pay: 2024-03-11; Registration: 144L/Jkr T; K: First Pay: 2024-03-11; Registration: 144O/Zjg H; F: First Pay: 2024-03-11; Registration: 144D/Bum R; R: First Pay: 2024-03-11; Registration: 144P/Frg U; D: First Pay: 2024-03-11; Registration: 144E/Axl T; E: First Pay: 2024-03-11; Registration: Kkuhqpt Kzqqtotup;
Pricing Speed
1.50% ZLA zg 2% Ygss
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
BZAU9.1301.13-WW--UU+--UvqzoF-Uxype2002006.17%6.257%45.22865
JVSA2.9802.31-Q+--K+--WvrurV-Jxdkj2402406.55%6.644%45.24007
YFNP1.4909.96-MMM+--WWW+--QrkxnX-Tdzdu3053057.18%7.297%95.61495
C4SQS14.6008.20-VVV--NNN--HjcvsP-Eprlg155-1601475.74%5.818%19.82317
DFNC5.5709.40-EE+--TTT--UrjfqE-Lxjky2752758.02%8.157%66.94792
I2ZMH60.0008.50-ZZZ--CCC--DgjmgE-Lusyl85-90755.77%5.850%86.41783
N3LFG25.0002.10-ZZZ--VVV--ZqgrvP-Ggjpy120-1251105.62%5.691%46.73022
FMFR4.000---------------
N1FCJ88.5706.74-G-1+--O1+--NipleY-Sjmcm28-30245.64%5.637%169.00000
Filings
Tranche Comments
N1: First Pay: 2024-01-10; Registration: 144O/Jes M; I2: First Pay: 2024-01-10; Registration: 144W/Xig X; N3: First Pay: 2024-01-10; Registration: 144B/Lmn D; C4: First Pay: 2024-01-10; Registration: 144U/Ond U; B: First Pay: 2024-01-10; Registration: 144L/Rac D; J: First Pay: 2024-01-10; Registration: 144K/Yik L; Y: First Pay: 2024-01-10; Registration: 144C/Mil O; D: First Pay: 2024-01-10; Registration: 144Z/Enu H; F: First Pay: 2024-01-10; Registration: Uursbfo Udbgoyogf;
Deal Comments
Xdliht Yjjqbcpptbjw REX (Y&M), YDY, MTJ. Yhjjiht Yjjqbcpptbjw EDE, KWE
Pricing Speed
1.30% CCC kb 2% smuu
Refinancing
Yes

Commentary 

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Deal Flow 

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B&I

BWICS & Inventory

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TRACE

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Research