Carvana said on January 3, 2025 that a subsidiary of Carvana Co., Ally Bank and Ally Financial Inc. amended the Second Amended and Restated Master Purchase and Sale Agreement to reestablish the Ally Parties' commitment to purchase up to $4.0 billion of automotive finance receivables.

1. 01

   Carvana said on January 3, 2025 that a subsidiary of Carvana Co., Ally Bank and Ally Financial Inc. amended the Second Amended and Restated Master Purchase and Sale Agreement to reestablish the Ally Parties' commitment to purchase up to $4.0 billion of automotive finance receivables.

2. 02

   The company said the Ally Parties' commitment to purchase automotive finance receivables runs from January 3, 2025 to January 2, 2026.

3. 03

   Carvana said the amendment is the Sixth Amendment to the Second Amended and Restated Master Purchase and Sale Agreement and that, in addition to reestablishing the purchase commitment, other terms were also amended.

4. 04

   Carvana said it filed the Sixth Amendment as Exhibit 10.1 and omitted certain portions under Regulation S-K Item 601(b)(10)(iv), and that it agreed to furnish an unredacted copy to the SEC supplementally upon request.

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