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Carvana Receivables Trust Rating
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Overview
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KBRA assigns preliminary ratings to Carvana Auto Receivables Trust 2024-P1, a prime auto loan ABS transaction totaling $405.06 million, backed by $394.06 million in automobile loans to prime obligors. Carvana, an eCommerce platform for used vehicles, is the issuer and operates nationwide.
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How does the expansion of Carvana's presence in 300 markets influence its competitive position within the eCommerce industry?
How might the assigned ratings impact investor confidence in Carvana's ABS transactions?
What strategies could Carvana implement to enhance the credit quality of its auto loan ABS transactions?
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