Thu, Mar 27, 6:27 PM (30 days ago)
**Summary of Carvana Auto Receivables Trust 2022-P2 10-K** **Company:** Carvana Auto Receivables Trust 2022-P2 (Ticker: Not applicable) **Financial Performance:** - The document does not provide specific financial figures for revenue, net income, or operating expenses. **Strategic Overview & Future Outlook:** - The document focuses on compliance and servicing criteria rather than strategic initiatives or future outlook. **Risk Factors & Financial Condition:** - A material instance of noncompliance was identified related to the servicing criterion. Specifically, certain Form 10-D filings in December 2024 incorrectly disclosed servicer's certificates for the wrong collection period. This issue affected multiple transactions and was rectified with amended filings. - The Sponsor has implemented new policies and procedures to prevent such issues, including additional layers of attorney oversight, compliance checks, and a comprehensive log of all outstanding transactions and filings. **Market Position Changes:** - No significant changes in market position were reported. **Key Points:** - The document emphasizes compliance and servicing criteria, highlighting a material instance of noncompliance that was addressed. - The Sponsor has taken steps to enhance oversight and ensure timely and accurate filings. - No single obligor represents 10% or more of the pool assets, and no external credit enhancement or derivative instruments were noted. - The document omits several sections typically found in a 10-K, focusing instead on compliance and servicing criteria.