UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 19, 2021

Carvana Auto Receivables Trust 2021-N2

(Issuing Entity)

Central Index Key Number: 0001843643

Carvana Receivables Depositor LLC

(Depositor)

Central Index Key Number: 0001770373

Carvana, LLC

(Sponsor)

Central Index Key Number: 0001576462

(Exact name of Issuing Entity, Depositor/Registrant and Sponsor as specified in their respective charters)

Registrant’s telephone number, including area code: (480) 719-8809

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐  Emerging growth company

☐  If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

ITEM 6.01. ABS Informational and Computational Material.

Information regarding quarterly delinquencies, prepayments and cumulative net losses with respect to fixed rate retail installment contracts used to finance the purchase of used cars and light duty trucks that were originated by Carvana, LLC (the “Receivables”), relating to obligors with Deal Scores of 49 or lower at the time of origination for the origination period commencing January 1, 2015 and ending March 31, 2021 is attached hereto as Exhibit 99.1 pursuant to Item 1105 of Regulation AB. Additional narrative explanations of this information is attached hereto as Exhibit 99.2.

The characteristics of Receivables included in Exhibit 99.1, as well as the social, economic and other conditions existing at the time when those Receivables were originated and repaid, may vary materially from the characteristics of the Receivables in the transaction described in the prospectus and the social, economic and other conditions existing at the time when these Receivables were originated and those that will exist in the future when they are required to be repaid. Losses, prepayments and delinquencies for the pool of Receivables in your transaction may differ from the information shown below for prior securitized pools.

ITEM 9.01 Financial Statements and Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the depositor has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.