Extend the forward flow agreement with Ally
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 6 May 2020
- Due
- 31 Mar 2021
- Delivered
- March 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Amended our forward flow agreement with Ally, upsizing the purchase commitment to $2 billion, extending it to March 2021”
What we found
Evidence strength A What the grades mean
Carvana successfully extended its forward flow agreement with Ally in March 2021, increasing the commitment to $4 billion through March 2022, thereby fulfilling the extension requirement.
-
A Carvana 10-Q filed 2021-05-06
“In March 2021, the Ally Parties committed to purchase up to a maximum of $4.0 billion of principal balances of finance receivables through March 2022.” ✓ confirmed on the page
Market reaction: the shares moved -14.2% against the S&P 500 over the three sessions around the disclosure (5 May 2021 to 10 May 2021). What this measures
Checked 17 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Rollout
- Indicative materiality
- Low rules
- Action
- Extend
- Deliverable
- Forward flow agreement with Ally
- In the company’s control
- High
- Specificity
- High
- Depends on
- Partner
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2020-CVNA-012548 · Corrections policy