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Carvana Auto Receivables Trust 2019-2 -- Moody's upgrades Carvana auto loan ABS issued in 2019

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Moody's Investors Service ("Moody's") has upgraded five outstanding tranches from two Carvana Auto Receivables Trust transactions issued in 2019. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating.