Copart Details $1.9B ACV Acquisition: All-Cash, Accretive in FY2028, $5.7B Liquidity
ACVA has more than doubled off its 52-week low of $4.065 on elevated volume (5.0× avg).
Summary
Copart's SC TO-C filing adds earnings call details confirming the $1.9B all-cash acquisition of ACV Auctions is fully funded from $5.7B in liquidity, with accretion expected in FY2028 and closing targeted by year-end 2026.
Key Events · M&A and Partnerships · ACVA
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Copart Confirms All-Cash Funding
Copart disclosed $5.7B in liquidity ($4.5B cash + $1.25B revolver) and confirmed the $1.9B ACV acquisition will be funded entirely from cash on hand with no financing conditions.
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Accretion Expected in FY2028
Copart expects the ACV transaction to be breakeven in the current fiscal year and accretive to earnings in the first full year (FY2028).
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Tender Offer Timeline
The tender offer structure supports a relatively quick closing, with Copart targeting completion by the end of calendar year 2026.
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ACV to Operate Independently
Copart confirmed ACV will operate as an independent subsidiary with both brands maintained, while integrating buyer liquidity and logistics networks.
Analysis · ACVA · Trade & Services
Copart's tender offer filing includes its Q4 earnings call transcript, which adds material new details to the previously announced $10.50/share acquisition of ACV Auctions. Copart disclosed $5.7B in liquidity, confirmed the deal is all-cash with no financing conditions, and expects accretion in the first full year (FY2028). The tender offer structure supports a closing by end of calendar year 2026. For ACV shareholders, the $10.50 cash price remains the key takeaway, but Copart's financial strength removes any financing risk from the deal.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 36.1% of the 1753 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.04%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ACVA was trading at $10.38 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $4.07 to $11.02. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.