Carvana Reinstates Loan Sale Agreement With Ally Financial
2 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
3 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 Extends Loan Sale Deal With Ally, Refuting Short Report
3 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 Renews Ties With Ally Financial After Hindenburg Report
3 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 secures $4 billion deal with Ally Financial
3 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 lands important loan sale deal with Ally Financial
3 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’s $4B loan purchase Ally deal should allay some …
3 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 renews key used car loan sale deal with Ally Financial
2 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)
Carvana (CVNA) Renews Deal with Ally Financial to Sell Up to
3 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
3 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 ...
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