debt
confidence high
sentiment positive
materiality 0.70
Carvana securitizes $1.05B auto receivables via Carvana Auto Receivables Trust 2026-P1
Carvana Receivables Depositor LLC
- Publicly Registered Notes of $1,050,700,000 across classes A-1 through D; closing March 17, 2026.
- Underwriting agreement with BNP Paribas Securities Corp. and several other underwriters.
- Carvana retains 5% of notes and certificates for regulatory risk retention.
- Also issuing unregistered Class N and Class XS notes; proceeds used to purchase auto receivables.
- Receivables sourced from Carvana (used cars) and Carvana FAC (new cars) and serviced by Bridgecrest.