| Class | Size ($MM) | % of Pool | Sub % | CPN / Spread | WAL | Legal Final | S&P | Moody's |
|---|---|---|---|---|---|---|---|---|
| Class A-1 | 70.9 | 11.1% | 92.5% | +20 bps | 0.22 | 2025-10-10 | A-1+ | — |
| Class A-2 | 181.2 | 28.4% | 64.1% | +60 bps | 0.99 | 2027-11-10 | AAA | Aaa |
| Class A-3 | 221.2 | 34.6% | 29.5% | +75 bps | 2.40 | 2029-10-10 | AAA | Aaa |
| Class A-4 | 117.5 | 18.4% | 11.1% | +90 bps | 3.94 | 2030-09-10 | AAA | Aaa |
| Class B | 16.6 | 2.6% | 8.5% | +115 bps | 4.83 | 2030-11-10 | AA+ | Aa2 |
| Class C | 20.4 | 3.2% | 5.3% | +135 bps | 5.20 | 2031-01-10 | A+ | A2 |
| Class D | 10.9 | 1.7% | 3.6% | +200 bps | 5.48 | 2032-09-10 | BBB+ | Baa1 |
| Class N | 22.8 | 3.6% | 0.0% | +170 bps | 0.28 | — | — | — |
| 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-P3 | CRVNA 2024-P2 | CRVNA 2022-P3 | CRVNA 2022-P2 | CRVNA 2022-P1 | CRVNA 2021-P4 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-09-17 | 2024-06-12 | 2022-09-08 | 2022-05-25 | 2022-03-30 | 2021-12-29 |
| Pool balance | $638.7MM | $507.2MM | $364.0MM | $605.0MM | $1,039.5MM | $1,055.0MM |
| WA Credit Score | 701−3 | 702 | 704 | 704 | 704 | 704 |
| WA APR | 13.69%+4.60pp | 13.61% | 10.27% | 9.09% | 7.62% | 8.07% |
| WA original term mo | 72.0+1.0 | 72.0 mo | 71.0 mo | 71.0 mo | 71.0 mo | 71.0 mo |
| % new vehicles | — | — | — | — | — | — |
| Reserve % | 0.20% | 0.20% | 1.35% | 1.35% | 1.70% | 0.50% |
| Geo top-3 | TX 10.9% CA 8.2% GA 6.6% | 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% |
| Structure (at issuance) | ||||||
| AAA spread | +60 bps−23bps | +62 bps | +105 bps | — | — | — |
| AAA % of pool | 81.4%+3.0pp | 82.0% | 79.6% | 77.4% | 76.7% | 78.4% |
| Subordination below AAA | 11.1%+1.0pp | 9.9% | 10.1% | 9.0% | 10.1% | 11.5% |
| OC (initial) | 0.00% | 0.00% | 0.00% | 0.00% | 0.70% | 0.00% |
| OC target | 0.20% | 0.20% | 1.35% | 1.35% | 1.70% | 0.35% |
| OC floor | 0.20% | 0.20% | 1.35% | 1.35% | 0.70% | 0.35% |
| YSOC | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |
| Tranches | 8 | 8 | 8 | 7 | 8 | 8 |
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-P3 | SDART 2024-4 | HAROT 2024-3 | WOART 2024-C | EART 2024-4 | CAOT 2024-3 | |
|---|---|---|---|---|---|---|
| Collateral (pool at cut-off) | ||||||
| Closing date | 2024-09-17 | 2024-08-21 | 2024-08-21 | 2024-08-20 | 2024-07-30 | 2024-07-30 |
| Pool balance | $638.7MM | $1,989.0MM | $2,159.2MM | $1,312.6MM | $925.3MM | $1,414.1MM |
| WA Credit Score | 701−55 | 604 | 768 | 756 | 599 | 758 |
| WA APR | 13.69%+4.15pp | 18.54% | 4.72% | 6.67% | 20.25% | 9.54% |
| WA original term mo | 72.0+3.9 | 71.3 mo | 61.3 mo | 68.1 mo | 75.0 mo | 66.0 mo |
| % new vehicles | — | 30.4% | 85.3% | 96.2% | — | 0.0% |
| Reserve % | 0.20% | 1.00% | 0.25% | 0.23% | 1.00% | 1.25% |
| Geo top-3 | TX 10.9% CA 8.2% GA 6.6% | TX 15.9% FL 11.8% CA 8.9% | CA 16.2% TX 9.7% NY 6.7% | — | TX 15.7% CA 10.3% FL 8.1% | CA 17.4% TX 10.7% FL 8.0% |
| Structure (at issuance) | ||||||
| AAA spread | +60 bps+8bps | +65 bps | +48 bps | — | +55 bps | +47 bps |
| AAA % of pool | 81.4%+29.6pp | 51.8% | 72.4% | 35.4% | 34.1% | 76.5% |
| Subordination below AAA | 11.1%+6.9pp | 31.7% | 0.0% | 4.2% | 51.4% | 3.8% |
| OC (initial) | 0.00% | 8.95% | 2.50% | — | 6.00% | 1.00% |
| OC target | 0.20% | 13.95% | — | 0.90% | 15.75% | 1.25% |
| OC floor | 0.20% | 2.00% | — | 0.50% | 1.50% | 1.25% |
| YSOC | n.a. | n.a. | — | 7.77% | n.a. | n.a. |
| Tranches | 8 | 6 | 4 | 7 | 7 | 8 |
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 ↗