[7] Elizabeth Merryman consigned Caravel to the 2020 October Wanamaker Sale after her fourth start but did not reach her reserve price of $330,000.

[6] After three starts, Caravel was sold for $500,000 at the Fasig-Tipton Kentucky Fall Mixed Sale in November 2021 at Keeneland to Qatar Racing, Marc Detampel, who transferred her to the barn of Brad H.

[6] After transferring to trainer H. Graham Motion following her Saratoga effort, she ran third at her first attempt in a Grade I event, the Highlander Stakes at Woodbine in Canada.

[8] She had two more starts in 2021, including a run in the Breeders' Cup Turf Sprint at Del Mar where she finished last in a field of twelve to Golden Pal.

The race did not unfold as anticipated, with jockey Tyler Gaffalione expecting to be in a stalking position behind Golden Pal, but the heavy favorite was shuffling around right before the gates opened and was back in 14th at the break.

Following the Breeders' Cup, she was sent to the auction ring at the Keeneland November Breeding Stock Sale, where a final bid of $2.4 million was not enough to reach her reserve price.

[16] The following month, Caravel was retired; initially, Qatar Racing's Fergus Galvin said that she would be bred in 2024 to Triple Crown champion Justify.

[16] However, in February 2024 it was reported that Resolute Bloodstock owner John Stewart privately purchased Caravel, and the mare would be shipped to England to be bred to undefeated champion Frankel.