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

• 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:

2026 02 18 - Carvana - New Information Reveals that BridgeCrest is the lienholder - CVNA m.

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