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Carvana extends loan sale deal with Ally, refuting short report

Ally has historically bought enough receivables to fund 50% of Carvana’s new originations

Bloomberg News

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, […]

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