Carvana Auto Receivables Trust 2021-P1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of notes issued by Carvana Auto Receivables Trust 2021-P1 (CRVNA 2021-P1 or the Issuer):

-- $50,000,000 Class A-1 Notes at R-1 (high) (sf)
-- $130,000,000 Class A-2 Notes at AAA (sf)
-- $130,000,000 Class A-3 Notes at AAA (sf)
-- $68,000,000 Class A-4 Notes at AAA (sf)
-- $14,000,000 Class B Notes at AA (sf)
-- $16,000,000 Class C Notes at A (sf)
-- $7,000,000 Class D Notes at BBB (sf)
-- $17,000,000 Class N Notes at BB (high) (sf)