Copart Launches $10.50/Share Tender Offer for ACV Auctions, Set to Expire September 30
ACVA has more than doubled off its 52-week low of $4.065 on elevated volume (1.9× avg).
Summary
Copart's tender offer for ACV Auctions at $10.50/share is now active, expiring September 30, 2026, with HSR clearance anticipated by September 28 and a minimum tender threshold of approximately 84.9 million shares.
Key Events · M&A and Partnerships · ACVA
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Tender Offer Commences
Copart's Apple Merger Sub has formally commenced the tender offer for all outstanding ACV shares at $10.50 per share in cash, with an expiration date of September 30, 2026.
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HSR Clearance Timeline
The HSR waiting period is scheduled to expire on September 28, 2026, two days before the tender offer expires, unless a Second Request extends it.
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Minimum Tender Condition
To satisfy the Minimum Condition, approximately 84,903,991 shares must be validly tendered, based on 169,807,980 shares outstanding as of August 3, 2026.
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Support Agreements Secured
Directors and executive officers holding 6,918,423 shares, or 4.07% of shares outstanding, have committed to tender their shares through Support Agreements.
Analysis · ACVA · Trade & Services
The tender offer for all outstanding ACV Auctions shares at $10.50 per share in cash is now formally underway, with an expiration date of September 30, 2026. The HSR waiting period is expected to conclude on September 28, 2026, and the Minimum Condition calls for roughly 84.9 million shares to be tendered. Supporting stockholders, representing 4.07% of shares outstanding, have already committed to tendering. The agreement includes a $57.7 million termination fee payable by ACV and a $115.3 million regulatory termination fee payable by Copart. This filing turns the previously announced merger agreement into a live tender offer with firm deadlines and conditions.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. 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 $10.45 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $4.07 to $10.60. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.