Carvana Auto Receivables Trust 2026-P1 8K

Carvana Receivables Depositor LLC reported entering into an underwriting and related securitization agreements for a $1.05 billion auto receivables asset-backed notes issuance by Carvana Auto Receivables Trust 2026-P1, supported by Carvana and Carvana FAC motor vehicle installment contracts and associated trust and servicing arrangements.

On March 10, 2026, Carvana Receivables Depositor LLC and Carvana, LLC entered into an underwriting agreement with BNP Paribas Securities Corp., as representative of the underwriters, to sell $1,050,700,000 aggregate principal amount of publicly registered asset-backed notes to be issued by Carvana Auto Receivables Trust 2026-P1, with issuance expected on or about March 17, 2026. Concurrently, Carvana and its affiliate Carvana FAC, LLC will sell pools of motor vehicle retail installment sales contracts (used and new auto receivables and related property) to the Depositor, which will in turn transfer them to the Issuing Entity and then to Carvana Auto Receivables Grantor Trust 2026-P1 under a series of related transaction agreements, including receivables purchase, transfer, contribution, servicing, backup servicing, asset representations review, administration, collateral custodian and amended and restated trust agreements, all to be effective as of the closing date. The structure provides for issuance of multiple note classes (including retained Class N and Class XS notes and retained portions of the public notes and certificates) secured by these receivables, with servicing by Bridgecrest Credit Company, LLC and Computershare Trust Company, N.A. acting as indenture trustee and collateral custodian, and includes required certifications and substantially final forms of all key ABS transaction documents filed to satisfy Regulation AB and Form SF-3 requirements.

Filing Facts

CIK

1976111

Ticker

-

Form

8K

Source Type

sec

Accession

0001770373-26-000013

Alert Tier

6