Copart Closes $1.9B ACV Auctions Buyout
CPRT is trading near its 52-week low of $25.72 (8.8% above the low).
Summary
Copart closed its acquisition of ACV Auctions at $10.50 per share in cash, an implied equity value of about $1.9 billion, completing the deal announced September 10th. The purchase folds ACV's digital wholesale auction and vehicle-data platform into Copart's salvage and remarketing network, expanding its reach into dealer-to-dealer and insurance software. The deal was already known and priced in, so the close itself is confirmation rather than a fresh surprise; the real question is integration and how much ACV adds to revenue and margins. Copart's FY2026 10-K, filed September 29th, already flagged the pending acquisition alongside a DOJ money-laundering investigation, so the legal overhang remains the bigger swing factor for the stock.
At the time of this announcement, CPRT was trading at $27.99 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $25.7B. The 52-week trading range was $25.72 to $45.89. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.