Copart has agreed to pay about $1.9 billion in cash for ACV, a digital automotive marketplace that sells cars for dealers, with the deal expected to close by the end of the calendar year. ACV sells more than 800,000 vehicles a year, while Copart sells over 4 million. The price works out at about 6% of Copart's $30.1 billion market value, and the acquisition targets dealer volume, a different funnel from the insurance salvage business that has shrunk. Copart's U.S. insurance volumes fell 8% in fiscal 2026, and total U.S. noninsurance volume fell 3.9% that year, with noninsurance work only about a quarter of its volume today. Management expects the deal to be breakeven at first and accretive in the first full year, fiscal 2028, and says over $2 billion will still sit on the balance sheet once it closes.
ACV Auctions Inc.Copart agreed to acquire ACV for about $1.9 billion in cash, a buyout of the company.
Copart IncCopart is paying ~$1.9B cash for ACV to add dealer volume as its insurance salvage volumes shrink, with deal breakeven at first and accretive in fiscal 2028.
RB Global Inc.
