Copart to Acquire ACV Auctions for $10.50/Share in $1.9B All-Cash Deal
ACVA has more than doubled off its 52-week low of $4.065 on elevated volume (4.9× avg).
Summary
ACV Auctions agreed to be acquired by Copart for $10.50 per share in cash, a $1.9 billion all-cash deal representing a 45% premium to the unaffected price. The transaction is expected to close by year-end 2026, subject to tender of a majority of shares and HSR approval.
Key Events · M&A and Partnerships · ACVA
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Definitive Merger Agreement with Copart
ACV Auctions entered into a definitive agreement to be acquired by Copart, Inc. for $10.50 per share in cash, implying approximately $1.9 billion in equity value.
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45% Premium to Unaffected Price
The $10.50 per share offer represents a 45% premium to ACV's closing price on August 10, 2026, the last trading day before media reports of a potential transaction.
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Tender Offer Structure
Copart will commence a tender offer within 5-7 business days, subject to at least a majority of shares being tendered, HSR antitrust clearance, and other customary conditions. No financing condition applies.
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Termination Fees
ACV would pay a $57.7 million termination fee if it accepts a superior proposal; Copart would pay $115.3 million if the deal fails due to regulatory issues.
Analysis · ACVA · Trade & Services
ACV Auctions has entered into a definitive merger agreement to be acquired by Copart for $10.50 per share in cash, representing an implied equity value of approximately $1.9 billion. The per-share price reflects a 45% premium to ACV's unaffected closing price on August 10, 2026, the last trading day before media reports of a potential transaction. The deal is structured as a tender offer followed by a merger under Section 251(h) of Delaware law, requiring at least a majority of shares to be tendered and HSR antitrust clearance. The boards of both companies have unanimously approved the transaction, which is expected to close by calendar year-end 2026. This is a thesis-altering event for ACV shareholders: the company will cease to be publicly traded and shareholders will receive cash at a substantial premium to the pre-announcement price.
At the time of this filing, ACVA was trading at $10.40 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 10 out of 10.