Carvana Secures $4 Billion Loan Deal With Ally Financial Following Short Seller Allegations

The renewed agreement counters claims by Hindenburg Research, which accused Carvana of accounting manipulation and related-party transactions.

Carvana has reestablished a $4 billion agreement with Ally Financial to purchase automotive loan receivables through January 2026.
The deal preserves a critical relationship, as Ally has historically funded about 50% of Carvana's new loan originations.
The announcement follows a report from Hindenburg Research alleging accounting manipulation, lax lending practices, and undisclosed related-party transactions at Carvana.
Carvana has strongly denied the allegations, calling the report misleading and accusing Hindenburg of attempting to profit from a decline in its stock price.
Carvana's stock, which saw significant growth in 2024, experienced volatility last week but rose following news of the renewed agreement.