Carvana Receivables Depositor LLC Files Legal & Tax Opinions for 2026 Notes

What Happened
Carvana Receivables Depositor LLC filed a Form 8‑K on August 20, 2026 attaching unqualified legal and tax opinions delivered in connection with the public issuance of asset‑backed notes by Carvana Auto Receivables Trust 2026‑P3. The issuance was made pursuant to the prospectus dated August 18, 2026 and covers Class A‑1, A‑2, A‑3, A‑4, Class B, Class C and Class D notes. Mayer Brown LLP delivered the legal and tax opinions (filed as Exhibits 5.1 and 8.1) and Richards, Layton & Finger, P.A. delivered the enforceability opinion for the Grantor Trust Certificate (filed as Exhibit 5.2).

Key Details

• Filing date: August 20, 2026; Prospectus date: August 18, 2026.
• Notes covered: Class A‑1, A‑2, A‑3, A‑4, B, C and D (initial principal amounts per the prospectus).
• Opinions attached: Mayer Brown LLP (legal and tax opinions — Exhibits 5.1 and 8.1); Richards, Layton & Finger, P.A. (enforceability opinion — Exhibit 5.2).
• Purpose: Filed to satisfy the registrant’s undertaking to provide unqualified legality and tax opinions at each takedown under the registration statement.

Why It Matters
These opinions are routine but important legal steps that enable the securitization (the public issuance of the trust’s asset‑backed notes) to proceed. For investors, the filing confirms counsel has given formal legal and tax clearance and an enforceability opinion for the trust certificate; it does not report any operating results or changes to Carvana’s financial statements.