Copart to Acquire ACV Auctions for $1.9 Billion in Cash

Copart agreed to acquire ACV Auctions for $10.50 per share in cash, implying an equity value of approximately $1.9 billion, through a tender offer followed by a merger. The deal would expand Copart into dealer-to-dealer wholesale remarketing and add ACV’s digital marketplace and vehicle-data technology; Copart expects the transaction to be neutral to EPS in the first full year and accretive in fiscal 2028 and beyond. The tender offer is expected to begin within seven business days, requires at least a majority of ACV shares and regulatory clearance, and the transaction is expected to close by calendar year-end 2026 without a financing condition.