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 ...

Used car e-commerce platform Carvana (CVNA) renewed its deal with Ally Financial (ALLY), which will allow it to sell up to $4 billion in car loans over the next year. This pushes back against ...

JPMorgan analyst Rajat Gupta increased the price target for Carvana Co. (NYSE:CVNA) shares to $350 from $300, while maintaining an Overweight rating. The new target represents the highest among ...

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 ...

BofA Securities expressed continued confidence in Carvana Co. (NYSE:CVNA), maintaining a Buy rating and a price target of $252.00. According to InvestingPro data, the stock has delivered an impressive ...

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 ...

Nevertheless, one needs to dig into Carvana's 10Q (page 15) to find Ally's profit exclusively came from securitizing financial receivables and selling them to its financial partners. One of the ...

A practical illustration of the growing demand relates to Carvana's newly agreed terms with Ally Financial (ALLY). Carvana recently updated its agreement with Ally Financial. The agreement ...

Carvana continued to rebound from a short-seller attack. Several Wall Street analysts stood by the stock after Hindenburg's report. Yesterday's agreement with Ally Financial should also give ...