Carvana closes $1.1B auto loan ABS deal Carvana Auto Receivables Trust 2026-P2

Carvana Auto Receivables Trust 2026-P2

Underwriting agreement signed May 19, 2026 for issuance of $1,100,390,000 in asset-backed notes.
Notes include Class A-1 through A-4, B, C, D; also Class N and XS notes retained for risk retention.
Proceeds used to purchase used and new auto retail installment contracts from Carvana and Carvana FAC.
Closing date expected on or about May 27, 2026.
Carvana retains 5% of public notes and Class N notes and all Class XS notes for risk retention.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Carvana Auto Receivables Trust 2026-P2 entered into Underwriting Agreement with Citigroup Global Markets Inc., as an underwriter and as representative of the several underwriters identified therein valued at $1,100,390,000 (effective 2026-05-19).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., as an underwriter and as representative of the several underwriters identified therein
Value: $1,100,390,000
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026, Carvana Receivables Depositor LLC (the “ Depositor ”) and Carvana, LLC (“ Carvana ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Citigroup Global Markets Inc., as an underwriter and as representative of the several underwriters identified therein, for the sale of certain amounts of the following classes of notes to be issued by Carvana Auto Receivables Trust 2026-P2 (the “ Issuing Entity ”): Class A-1 Asset Backed Notes, Class A-2 Asset Backed Notes, Class A-3 Asset Backed Notes, Class A-4 Asset Backed Notes, Class B Asset Backed Notes, Class C Asset Backed Notes and Class D Asset Backed Notes (collectively, the “ Publicly Registered Notes ”).

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Source: SEC EDGAR

accession 0001770373-26-000026

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