Carvana, Ally

Carvana lands important loan sale deal with Ally Financial
Carvana Co. (NYSE:CVNA) confirmed in an SEC filing that the auto retailer reestablished an agreement with Ally Financial (ALLY) to sell the lender up to $4 billion in used-vehicle loan receivables. An amendment to the master purchase and sales agreement reestablishes the loan purchases for a period from January 3,
Carvana Extends Loan Sale Deal With Ally, Refuting Short Report
Carvana Co. said it has reestablished an agreement with Ally Financial Inc. to sell the lender up to $4 billion in used-vehicle loan receivables over the next year, a move that counters one claim by short seller Hindenburg Research that the financier was pulling back on their relationship.
Carvana gains another $4B in financing through Ally
While the online retailer is facing much criticism and serious allegations from the investment community, Carvana gained more resources from one of its key financing providers. Carvana revealed in a filing with the Securities and Exchange Commission on Monday that it amended the second amended and restated master purchase and sale agreement with Ally Financial.
Carvana Reinstates Loan Sale Agreement With Ally Financial
Carvana Co. CVNA has reinstated an agreement to sell $4 billion of used-car loan receivables to Ally Financial. This yearlong deal follows claims by short-seller Hindenburg Research that Ally was distancing itself from its partnership with the online car marketplace.
Carvana’s $4B loan purchase Ally deal should allay some concerns, says Baird
Carvana (CVNA) announced the renewal of an agreement with Ally Financial (ALLY) to buy up to $4B of auto finance receivables between January 3,
Carvana: Delineating Its Ebbs And Flows
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Carvana Stock Is Up 4,000% in Two Years. What Will It Do in 2025?
Carvana stock more than tripled in 2024, extending a two-year bull run that's returned 4,000% amid a turnaround effort that ...
Why Carvana Stock Was Creeping Higher Today
It's easy to see why Carvana would attract the attention of a short-seller. The stock has surged since its bottom at the end ...
Carvana under fire: Research report claims turnaround is a "mirage"
Short seller Hindenburg Research accused Carvana of accounting manipulation and unstable loans. The company denies the ...
Carvana amending Ally pact ‘pokes at least one hole’ in short thesis, says BTIG
BTIG reiterated a Buy rating and $295 price target on Carvana (CVNA) after the company amended its Master Purchase and Sale Agreement with Ally ...
Carvana lending fears continue to be overblown, says JPMorgan
JPMorgan says that following Hindenburg Research’s short report on Carvana (CVNA), the key debates are now centered around four topics: Ally Financial (ALLY) partnership viability and new loan partner ...
Carvana gets its first upgrade since Hindenburg short-selling report
Carvana, the online used-car retailer that last week was the target of a short-selling research report, got its first broker ...