---
schema_version: "secwatch.filing_event.v1"
accession: "0001690820-23-000021"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2023-01-20T23:59:59+00:00"
generated_at: "2026-06-20T12:34:31.668136+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Carvana subsidiary clarifies $4B auto receivables purchase commitment with Ally

## Summary
- Ally commitment to purchase up to $4.0B in auto finance receivables began Jan 13, 2023 and ends Jan 12, 2024.
- No receivables sold before Jan 13, 2023 count against the $4.0B commitment amount.
- Amendment involves Carvana Auto Receivables 2016-1 LLC as transferor and Ally Bank/Ally Financial as purchasers.

## SEC filing metadata
- accession: 0001690820-23-000021
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2023-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000169082023000021/0001690820-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000169082023000021/cvna-20230120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001690820-23-000021
- JSON: https://secwatch.observer/filing/0001690820-23-000021.json
- Plain text: https://secwatch.observer/filing/0001690820-23-000021.txt

## Key facts
- Material Agreements
  CARVANA CO. amended Second Amended and Restated Master Purchase and Sale Agreement with Ally Bank and Ally Financial Inc. valued at up to $4.0 billion (effective 2023-01-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Ally Bank and Ally Financial Inc.
  - Value: up to $4.0 billion
  - Effective: 2023-01-20
  source text: On January 20, 2023, a subsidiary of Carvana Co., Ally Bank, and Ally Financial Inc. (together, the "Ally Parties") amended the Second Amended and Restated Master Purchase and Sale Agreement (the "MPSA") to clarify the Commitment Period of the Ally Parties' commitment to purchase up to $4.0 billion of automotive finance receivables.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690820/000169082023000021/0001690820-23-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.