Mergers & Acquisitions ·
On September 10, 2026, Copart, Inc. entered into a definitive Agreement and Plan of Merger to acquire ACV Auctions…
CPRTCopart Inc
On September 10, 2026, Copart, Inc. entered into a definitive Agreement and Plan of Merger to acquire 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 clearance and the tender of at least 50% of ACV shares. Copart will fund the acquisition using existing cash on hand, with closing expected by calendar year-end 2026. The combined entity aims to create a full-spectrum digital vehicle remarketing platform, targeting cost synergies and EPS accretion from fiscal 2028 onward. Copart operates in the global online vehicle auction and remarketing industry.