Copart and ACV Auctions announced a definitive agreement under which Copart will acquire all outstanding shares of ACV Auctions for $10.50 per share in cash. According to a Form 8-K filed with the U.S. Securities and Exchange Commission, ACV entered into the Agreement and Plan of Merger with Copart and its wholly owned subsidiary, Apple Merger Sub, Inc., formalizing the terms of the buyout. The transaction represents an implied equity value of approximately $1.9 billion, delivering a premium of roughly 45% over ACV's unaffected closing stock price on August 10, 2026. The acquisition is designed to expand Copart's presence across the vehicle remarketing ecosystem. Shares of ACV Auctions jumped 43.5% in the morning session on the news before cooling to $10.43, up 0% from the previous close.
ACV Auctions Inc.Copart will acquire ACV Auctions for $10.50/share in cash, a 45% premium to its unaffected price.
Copart IncCopart is the acquirer in a $1.9 billion all-cash buyout of ACV Auctions, expanding its vehicle remarketing presence.
