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Carvana preps third subprime auto ABS deal of 2023

Carvana has securitized $1.7B in auto ABS so far this year

Amanda Harris

Carvana is originating a higher share of nonprime loans than in past years amid improved spreads, as reflected in its latest auto asset-backed securitization transaction.  The retailer is preparing to come to market with an ABS backed by $298.7 million in subprime auto loans, according to a Kroll Bond Rating Agency presale report on the […]

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