FWP 1 d842012dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Nos. 333-263473 and

333-263473-05

*Full Pxing Details* $661+mm ($628+mm offered) Carvana Auto Receivables Trust 2024-P3 (CRVNA 2024-P3)

Carvana Auto Receivables Trust 2024-P3 has mandated SanCap (str.), BNP Paribas, and Citi as Active Joint Lead Bookrunners on its prime auto receivables transaction, Carvana Auto Receivables Trust 2024-P3 (CRVNA 2024-P3).

 

CL   SIZE(MM)     OFFERED(MM)     WAL*     S/M   P.WIN     E.FINAL     L.FINAL     BENCH     Spread     Yield     Coupon     $Px  

A1

   $ 70.890     $ 67.345       0.22     A-1+/P1     1-5       02/25       10/25       I-Curve       +20       5.198       5.198       100.00000  

A2

   $ 181.200     $ 172.140       0.99     AAA/Aaa     5-19       04/26       11/27       I-Curve       +60       4.663       4.610       99.99209  

A3

   $ 221.200     $ 210.140       2.40     AAA/Aaa     19-40       01/28       10/29       I-Curve       +75       4.299       4.260       99.99785  

A4

   $ 117.500     $ 111.625       3.94     AAA/Aaa     40-56       05/29       09/30       I-Curve       +90       4.350       4.310       99.99616  

B

   $ 16.600     $ 15.770       4.83     AA+/Aa2     56-60       09/29       11/30       I-Curve       +115       4.582       4.530       99.96175  

C

   $ 20.440     $ 19.418       5.20     A+/A2     60-66       03/30       01/31       I-Curve       +135       4.790       4.740       99.98684  

D

   $ 10.864     $ 10.320       5.48     BBB+/ Baa1     66-66       03/30       09/32       I-Curve       +200       5.453       5.390       99.99040  

N^

   $ 22.750     $ 21.612       0.28     BB+/Ba1     1-7       04/25       09/32       I-Curve       +170       6.628       6.530       99.99797  

*1.30% ABS to 2% call

^ Based on Case 2 assumptions outlined in the Class N OM and the Certificate PPM respectively.

-Deal Summary-

Deal Size : $628.370mm Offered *No Grow*

Exp. Settle : 09/17/2024

First Pay Date : 10/10/2024

Offering Format : A-D: SEC, N: 144A/REG S

ERISA : A-D: Yes, N: No

Exp. Ratings : S / M

Min Denoms : A-D: $1K x $1K, N: $1mm x $1K

BBG Ticker : CRVNA 2024-P3

B&D : SanCap

-Available Information-

* Preliminary Prospectus, FWP, Preliminary Class N OM, Preliminary Certificate Private Placement Memorandum and CDI File (attached)

* Intex Deal Name: asgcrvna_2024-p3_mkt Password: V2K3

* DealRoadshow Link: https://dealroadshow.com ; Entry Code (Case Sensitive): CRVNAP3

-CUSIPS- A-D: SEC N: 144A/Reg S

A1 146919 AA3

A2 146919 AB1

A3 146919 AC9

A4 146919 AD7

B 146919 AE5

C 146919 AF2

D 146919 AG0

N^ 146919 AH8 / U1470W AA3

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