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Carvana: New Information Reveals that BridgeCrest is the lienholder - CVNA must explain How and How Much

  • Gotham City Research LLC
  • Feb 18
  • 1 min read

  • We have on-the-record evidence of Carvana stating that Bridgecrest, not itself,

is the lienholder, on cars that Carvana sold.

  • We have identified 34 new vehicles/VINs that Carvana sold, and where Bridgecrest

is the ultimate lienholder.

  • Detailed lienholder history records reveal that Bridgecrest, not CVNA, is the most

recent lienholder, of the original 34 vehicles/VINs discussed in our previous report.

  • CVNA sells cars without title, and issues temporary plates to customers from other states, while awaiting vehicle/title registration. This explains why there are chronic mismatches between the Obligor State field within ABS filings and title record state in Bumper.com or other vehicle history report aggregators like VinAudit.


Carvana sells used cars, initially finances them. and then soon after sells these loans most of the time. CVNA narrowly claims it hasn’t sold loans directly to DriveTime in many years, yet CVNA loans end up in DriveTime/Bridgecrest’s hands. How?  Though the exact mechanism remains unexplained, what’s evident is: Carvana’s Gain on Loan Sales are ultimately tied to DriveTime/Bridgecrest. CVNA management should explain how this all works. 


For the Full Report:



Our First Carvana Report: https://t.co/OhCijj2EzG


 
 
 

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14 Comments


镇华 莫
镇华 莫
3 days ago

Wow, this Carvana deep dive is pretty eye-opening! It really makes you think about hidden complexities everywhere. Speaking of needing clear numbers, I was just looking for a good roofing calculator to help estimate materials for a home project. Any recommendations?

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Viktor Nesteroid
Viktor Nesteroid
5 days ago

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Robert Gandell
Robert Gandell
Mar 28

Reading this piece really highlights how complex and sometimes opaque financial structures can be, especially when companies like Carvana and Bridgecrest are involved. The discussion around lienholder relationships raises important questions about transparency and accountability, which investors and everyday readers should take seriously. What stood out to me is how difficult it can be to piece together the full picture without digging through multiple sources, something that reminds me of using a coursework helper to simplify complicated information. If these claims are accurate, it suggests there may be gaps in how financial obligations are presented publicly. Overall, the article encourages a more critical approach when evaluating fast-growing companies, especially those with layered financing structures and evolving disclosures. It also underlines…

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Theo Wilson
Theo Wilson
Mar 27

This was a straightforward and informative piece that presents the details in a clear and easy way. It gives readers a quick understanding without making things too complicated. Content like this is simple to follow and useful for getting the main idea. In a similar way, many students prefer case study help UK to better understand complex topics and manage their academic work with ease.

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1v1lolonline
Mar 27

I’ve been following Carvana’s loan and title process a bit, and honestly it feels confusing—like trying to play 1v1 lol with laggy controls. From what I can tell, Bridgecrest ends up as the lienholder on a lot of cars even if Carvana initially finances them, and the temporary plates plus cross-state filings just add to the mess. It seems like there’s a lot happening behind the scenes that management hasn’t fully explained, which makes it hard to track who actually owns what.

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