| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | KBRA |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 56.1 | 11.1% | 91.9% | +25 bps | 0.23 | 2025-06-10 | A-1+ | K1+ |
| Class A-2 | 161.0 | 31.7% | 60.1% | +62 bps | 1.07 | 2027-11-10 | AAA | AAA |
| Class A-3 | 161.0 | 31.7% | 28.4% | +75 bps | 2.49 | 2029-07-10 | AAA | AAA |
| Class A-4 | 93.8 | 18.5% | 9.9% | +83 bps | 3.98 | 2030-06-10 | AAA | AAA |
| Class B | 17.8 | 3.5% | 6.4% | +110 bps | 4.95 | 2030-08-10 | AA | AA+ |
| Class C | 8.9 | 1.7% | 4.7% | +130 bps | 5.31 | 2030-10-10 | A+ | A+ |
| Class D | 8.6 | 1.7% | 3.0% | +185 bps | 5.41 | 2031-06-10 | BBB | BBB+ |
| Class N | 15.0 | 3.0% | 0.0% | +175 bps | 0.29 | — | BB+ | BBB |
| Sponsor | Carvana, LLC |
|---|---|
| Servicer | Bridgecrest Credit Company, LLC |
| Depositor / Transferor | Carvana, LLC |
| Indenture Trustee | Computershare Trust Company, N.A |
| Owner Trustee | BNY Mellon Trust of Delaware |
| Asset Rep. Reviewer | Clayton Fixed Income Services LLC |
| Underwriters | BNP Paribas Securities, Citigroup Global Markets |
| CRVNA 2024-P2 | CRVNA 2022-P3 | CRVNA 2022-P2 | CRVNA 2022-P1 | CRVNA 2021-P4 | CRVNA 2021-N4 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-06-12 | 2022-09-08 | 2022-05-25 | 2022-03-30 | 2021-12-29 | 2021-12-15 |
| Pool balance | $507.2MM | $364.0MM | $605.0MM | $1,039.5MM | $1,055.0MM | $460.0MM |
| WA Credit Score | 702−2 | 704 | 704 | 704 | 704 | 578 |
| WA APR | 13.61%+4.52pp | 10.27% | 9.09% | 7.62% | 8.07% | 18.82% |
| WA original term mo | 72.0+1.0 | 71.0 mo | 71.0 mo | 71.0 mo | 71.0 mo | 72.0 mo |
| % new vehicles | — | — | — | — | — | — |
| Reserve % | 0.20% | 1.35% | 1.35% | 1.70% | 0.50% | 0.35% |
| Geo top-3 | TX 10.6% CA 8.8% GA 6.6% | TX 11.1% CA 8.6% FL 6.0% | TX 9.5% CA 9.2% FL 7.0% | TX 9.7% CA 9.5% FL 7.5% | TX 9.2% CA 8.7% FL 7.0% | TX 10.9% CA 7.0% FL 6.9% |
| Structure (at issuance) | ||||||
| AAA spread | +62 bps | +105 bps | — | — | — | — |
| AAA % of pool | 82.0%+4.5pp | 79.6% | 77.4% | 76.7% | 78.4% | 51.4% |
| Subordination below AAA | 9.9%−0.2pp | 10.1% | 9.0% | 10.1% | 11.5% | 53.2% |
| OC (initial) | 0.00% | 0.00% | 0.00% | 0.70% | 0.00% | 0.00% |
| OC target | 0.20% | 1.35% | 1.35% | 1.70% | 0.35% | 3.00% |
| OC floor | 0.20% | 1.35% | 1.35% | 0.70% | 0.35% | 1.25% |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
| Tranches | 8 | 8 | 7 | 8 | 8 | 7 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
| CRVNA 2024-P2 | BMWOT 2024-A | AMCAR 2024-1 | EART 2024-3 | HDMT 2024-A | NAROT 2024-A | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-06-12 | 2024-06-11 | 2024-05-29 | 2024-05-28 | 2024-05-22 | 2024-05-22 |
| Pool balance | $507.2MM | $1,910.0MM | $1,675.9MM | $869.8MM | $607.8MM | $1,424.1MM |
| WA Credit Score | 702−56 | 784 | 588 | 591 | 758 | 780 |
| WA APR | 13.61%+4.18pp | 3.12% | 13.57% | 21.76% | 9.43% | 4.85% |
| WA original term mo | 72.0+1.5 | 63.6 mo | 71.0 mo | 74.0 mo | 70.0 mo | — |
| % new vehicles | — | 68.2% | 56.9% | — | 70.5% | 10.5% |
| Reserve % | 0.20% | 0.25% | 1.00% | 1.00% | 0.25% | 0.25% |
| Geo top-3 | TX 10.6% CA 8.8% GA 6.6% | CA 16.7% TX 13.2% FL 11.0% | TX 16.3% FL 7.4% OH 7.1% | TX 15.4% CA 9.6% FL 8.0% | TX 11.3% CA 9.9% FL 8.6% | TX 17.8% FL 9.5% CA 6.6% |
| Structure (at issuance) | ||||||
| AAA spread | +62 bps+15bps | +34 bps | +60 bps | +56 bps | — | +38 bps |
| AAA % of pool | 82.0%+13.8pp | 72.6% | 51.6% | 33.3% | 80.6% | 68.2% |
| Subordination below AAA | 9.9%+9.9pp | 0.0% | 25.3% | 50.5% | 0.0% | 0.0% |
| OC (initial) | 0.00% | 2.50% | 5.75% | 6.25% | 4.75% | 4.00% |
| OC target | 0.20% | 2.50% | 14.75% | 15.25% | 4.75% | 4.00% |
| OC floor | 0.20% | 2.50% | — | 1.50% | 4.75% | 4.00% |
| YSOC | n.a. | 6.03% | — | n.a. | n.a. | 8.57% |
| Tranches | 8 | 5 | 8 | 7 | 4 | 5 |
OC shown net of any yield-supplement overcollateralization (YSOC); YSOC is a yield mechanism for subvented low-APR pools and is reported separately. OC target is a % of the pool balance — current (amortizing) for greater-of/sum-of structures, original (cut-off) for flat structures; OC floor is a % of the original pool balance.
Anchor expectations in empirical base rates from the sponsor's prior series and FICO-tier peer set.
No performance data available for this issuer.
Interactive view: Explorer ↗