Carvana Extends Loan Sale Deal With Ally, Refuting Short Report
4 days ago · In its report, Hindenburg said Ally was pulling back from Carvana. The lender bought $3.6 billion in receivables in 2023 and acquired $2.2 billion from January to September of last year, on pace ...
Carvana Reinstates Loan Sale Agreement With Ally Financial
3 days ago · 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 ...
Carvana Extends Loan Sale Deal With Ally, Refuting Short Report
4 days ago · 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. The deal, announced in a filing Monday, will preserve a relationship that is core to Carvana’s business.
Carvana secures $4 billion deal with Ally Financial
4 days ago · In other recent news, Carvana exhibited a strong financial performance with record-breaking Q3 earnings. The company reported a 34% year-over-year increase in retail units sold, leading to a 32% ...
Carvana’s $4B loan purchase Ally deal should allay some …
5 days ago · Carvana announced the renewal of an agreement with Ally Financial (ALLY) to buy up to $4B of auto finance receivables between January 3, 2025, and January 2, 2026, essentially replacing a $4B loan ...
Carvana lands important loan sale deal with Ally Financial
4 days ago · 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 ...
Carvana Renews Ties With Ally Financial After Hindenburg Report
4 days ago · Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial.. The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short seller ...
Carvana (CVNA) Renews Deal with Ally Financial to Sell Up to
4 days ago · Used car e-commerce platform Carvana renewed its deal with Ally Financial , which will allow it to sell up to $4 billion in car loans over the next year. This pushes back against claims from short ...
Carvana announces renewal of agreement with Ally Financial
5 days ago · Carvana (CVNA) said in a regulatory filing that on January 3, a subsidiary of the company, Ally Bank, and Ally Financial (ALLY) “amended the Second Amended and Restated Master Purchase and Sale ...
Carvana renews key used car loan sale deal with Ally Financial
3 days ago · The filing, made by Carvana, came after short-selling firm Hindenburg Research suggested Ally was concerned about the credit quality of Carvana’s finance receivables. (PHILIP NUSSEL/AUTOMOTIVE NEWS)
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