---
schema_version: "secwatch.filing_event.v1"
accession: "0001690820-24-000020"
form_type: "8-K"
ticker: "CVNA"
cik: "0001690820"
company_name: "CARVANA CO."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:18:35.939442+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Carvana secures $4B commitment from Ally to purchase auto finance receivables over one year

## Summary
- Ally commits to purchase up to $4.0B in Carvana auto finance receivables from Jan 11, 2024 to Jan 10, 2025.
- Fifth Amendment to Master Purchase and Sale Agreement reestablishes the commitment with Ally Bank and Ally Financial.
- Commitment requires sale of at least one receivables pool per quarter, with minimum pool size of $300M.
- Amendment updates definitions and terms including eligible receivables criteria and pricing model change procedures.

## SEC filing metadata
- accession: 0001690820-24-000020
- form_type: 8-K
- ticker: CVNA
- cik: 0001690820
- company_name: CARVANA CO.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000020/0001690820-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000020/cvna-20240111.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001690820-24-000020
- JSON: https://secwatch.observer/filing/0001690820-24-000020.json
- Plain text: https://secwatch.observer/filing/0001690820-24-000020.txt

## Key facts
- Material Agreements
  CARVANA CO. amended Second Amended and Restated Master Purchase and Sale Agreement with Ally Bank and Ally Financial Inc. (together, the "Ally Parties") valued at $4.0 billion (effective 2024-01-11).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Ally Bank and Ally Financial Inc. (together, the "Ally Parties")
  - Value: $4.0 billion
  - Effective: 2024-01-11
  source text: On January 11, 2024, 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 to, among other things, reestablish a commitment by the Ally Parties to purchase up to $4.0 billion of automotive finance receivables between January 11, 2024 and January 10, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1690820/000169082024000020/0001690820-24-000020-index.htm

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