# Carvana Auto Receivables Trust 2026-P3 — capital_raise/private_placement [announced]
Source: sec.gov · situation sit_144419ccdbe5ef38bdae · public 2561724904498009095 · retrieved 2026-08-22T04:53:04.976Z

## Overview
Carvana Receivables Depositor LLC is an asset-backed securities issuer that securitizes motor vehicle retail installment sales contracts originated by Carvana, LLC and Carvana FAC, LLC relating to used and new automobiles, light-duty trucks, SUVs and vans.

On August 18, 2026, Carvana Receivables Depositor LLC and Carvana, LLC entered into an underwriting agreement with Santander US Capital Markets LLC and other underwriters for the issuance of asset-backed notes by Carvana Auto Receivables Trust 2026-P3. The offering includes Class A-1, A-2, A-3, A-4, Class B, C, and D publicly registered notes with an aggregate principal balance of $1,550,308,000, plus unregistered Class N and Class XS notes. Carvana and its majority-owned affiliates will retain 5% of the publicly registered notes and Class N notes, and all Class XS notes. The notes are secured by motor vehicle retail installment sales contracts for used and new automobiles, light-duty trucks, SUVs and vans. Closing is scheduled for August 25, 2026.

## Terms
- Counterparty: Santander US Capital Markets LLC and other underwriters · Deal value: $1.55B · Consideration: cash · Stake: 5%

## Key dates
- Announced 2026-08-20 · Expected close 2026-08-25

## Timeline
- 2026-08-20 · 8-K (0001770373-26-000044): 8-K - Carvana Auto Receivables Trust 2026-P3 — *Carvana Receivables Depositor LLC is an asset-backed securities issuer that securitizes motor vehicle retail installment sales contracts originated by Carvana, LLC and Carvana FAC, LLC relating to used and new automobiles, light-duty trucks, SUVs and vans.* On August 18, 2026, Carvana Receivables Depositor LLC and Carvana, LLC entered into an underwriting agreement with Santander US Capital Markets LLC and other underwriters for the issuance of asset-backed notes by Carvana Auto Receivables Trust 2026-P3. The offering includes Class A-1, A-2, A-3, A-4, Class B, C, and D publicly registered notes with an aggregate principal balance of $1,550,308,000, plus unregistered Class N and Class XS notes. Carvana and its majority-owned affiliates will retain 5% of the publicly registered notes and Class N notes, and all Class XS notes. The notes are secured by motor vehicle retail installment sales contracts for used and new automobiles, light-duty trucks, SUVs and vans. Closing is scheduled for August 25, 2026.
  https://www.sec.gov/Archives/edgar/data/1999511/0001770373-26-000044.txt

## Citations
- 0001770373-26-000044 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000177037326000044