Thu, Mar 27, 6:31 PM (33 days ago)
**Carvana Auto Receivables Trust 2024-P3 (CVNA)** **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 made in December 2024 incorrectly disclosed servicer's certificates for the wrong collection period. This issue affected multiple transactions, including Carvana Auto Receivables Trust 2024-P3. The Sponsor has implemented new policies and procedures to address these issues, including additional layers of attorney oversight and compliance checks. **Market Position Changes:** - The document does not provide information on market position changes. **Key Takeaways:** - The document highlights a material instance of noncompliance related to servicing criteria, which has been addressed with new policies and procedures. - The document does not provide specific financial figures or strategic initiatives. - The document focuses on compliance and servicing criteria, with no information on market position changes.