Carvana closes $19.5M Class N Notes and multi-tranche ABS securitization 2025-P2

Carvana Receivables Depositor LLC

Issued Class N Notes ($19.5M) plus Offered Notes (A-1 to A-4, B, C, D) and Class XS Notes on June 17, 2025.
5% of Certificates and Class N Notes retained by Carvana or affiliates for risk retention.
Receivables purchased from Carvana, LLC by Carvana Receivables Depositor LLC and transferred to trust.
Servicing by Bridgecrest Credit Company; backup servicer Vervent Inc.

item 1.01item 8.01item 9.01

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