Mergers & Acquisitions ·
Copart agrees to acquire ACV Auctions for $1.9 billion, or $10.50 per share in cash
ACVAACV Auctions Inc.
On September 10, 2026, Copart, Inc. entered into a definitive Agreement and Plan of Merger to acquire all outstanding shares of ACV Auctions Inc. for $10.50 per share in cash, representing an implied equity value of approximately $1.9 billion. The transaction involves a cash tender offer followed by a merger, subject to customary conditions including Hart-Scott-Rodino antitrust approval and the tender of at least 50% of ACV shares. Support agreements covering approximately 4.1% of outstanding stock have been secured. The deal is expected to close by calendar year-end 2026 and is anticipated to be accretive to Copart's earnings per share in fiscal 2028 and beyond. ACV Auctions Inc. operates as a leading digital automotive marketplace and data services partner for dealers and commercial clients.