other material
confidence medium
sentiment neutral
materiality 0.35
Carvana sponsors new ABS trust 2024-P2; files static pool data
Carvana Receivables Depositor LLC
- Carvana Auto Receivables Trust 2024-P2 established; static pool data filed for originations Jan 2017–Mar 2024.
- Contracts with Deal Scores ≥50; quarterly delinquencies, prepayments, cumulative net losses disclosed.
- Charge-off policy changed Jan 2023: charge-off after repossession & liquidation or when >10% of payment 120+ days past due.
- Exhibit 99.2 provides glossary of terms including Wtd. Avg. PTI, Cumulative Gross/Net Loss, ABS Total/Voluntary.
- Static pool data (Exhibit 99.1) not included in this filing text; actual losses and delinquency rates not disclosed.