Copart to Acquire ACV Auctions for $1.9B in Cash Tender Offer
CPRT sits 24% above its 52-week low of $26.81.
Summary
Copart agreed to acquire ACV Auctions for $10.50 per share in cash, an implied equity value of about $1.9 billion, expanding its vehicle remarketing platform into dealer-to-dealer wholesale.
Key Events · M&A and Partnerships · CPRT
-
Definitive Merger Agreement Signed
Copart will acquire all outstanding ACV Auctions shares for $10.50 per share in cash, implying approximately $1.9 billion in equity value.
-
Tender Offer Structure
Copart's subsidiary will commence a cash tender offer within 5-7 business days, subject to a majority-tender condition, HSR clearance, and other customary conditions. No financing condition applies.
-
Strategic Rationale
The combination creates a full-spectrum digital vehicle remarketing platform spanning dealer trade-ins, wholesale remarketing, salvage disposition, and international resale.
-
Financial Impact
Transaction expected to be EPS-neutral in the first full year of ownership and accretive in fiscal 2028 and beyond, funded entirely through cash on hand.
Analysis · CPRT · Trade & Services
Copart signed a definitive agreement to acquire ACV Auctions for $10.50 per share in cash, an implied equity value of approximately $1.9 billion. The deal expands Copart into dealer-to-dealer wholesale remarketing and adds ACV's digital marketplace, inspection technology, and AI valuation tools. The tender offer is subject to a majority-tender condition and HSR clearance, with closing expected by calendar year-end 2026. Copart expects the transaction to be EPS-neutral in the first full year and accretive in fiscal 2028 and beyond. This is a transformative acquisition that materially broadens Copart's addressable market across the full vehicle lifecycle.
How filings like this one have moved
In the 30 days to Oct 18, 2026, 43.7% of the 286 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.43%. 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, CPRT was trading at $33.14 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $28.5B. The 52-week trading range was $26.81 to $49.05. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.