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  "documentTitle": "Carvana Co. (CVNA)",
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      "text": "Who are the “non-Ally parties” behind Sonoran who seem willing to pay a premium for subprime loans? And why is management so reluctant to share this information despite questioning from investors?",
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      "text": "Carvana is clearly hugely dependent on Ally for financing. But it is also dependent on the equity holders in Sonoran Auto Receivables Trust, which purchases Carvana’s subprime auto loans. Who are the “non-Ally parties” behind Sonoran who seem willing to pay a premium for subprime loans? And why is management so reluctant to share this information despite questioning from investors?",
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