Carvana Auto Receivables Trust 2020-P1: Rating Report

DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the following classes of notes issued by Carvana Auto Receivables Trust 2020-P1:

-- $56,000,000 Class A-1 Notes at R-1 (high) (sf)
-- $120,000,000 Class A-2 Notes at AAA (sf)
-- $115,000,000 Class A-3 Notes at AAA (sf)
-- $75,930,000 Class A-4 Notes at AAA (sf)
-- $13,365,000 Class B Notes at AA (sf)
-- $17,212,000 Class C Notes at A (sf)
-- $7,493,000 Class D Notes at BBB (sf)
-- $15,000,000 Class N Notes at BB (high) (sf)