Carvana subsidiary and Ally amend receivables pact; Ally commits to purchase up to $4.0B in auto loans through Jan 2026

CARVANA CO.

Ally commits to purchase up to $4.0B of Carvana auto finance receivables from Jan 3, 2025 to Jan 2, 2026.
Maximum original term extended to 84 months for receivables with cutoff dates on/after Jan 1, 2025 (previously up to 78 months).
LTV and amount financed eligibility thresholds adjusted for various FICO and term buckets (specifics redacted).
The amendment reestablishes and extends the purchase facility; Scheduled Commitment Termination Date is now January 2, 2026.

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