Copart, Inc. has agreed to acquire ACV in an all-cash deal valuing the digital automotive marketplace at approximately $1.9 billion, the two companies announced September 10, 2026. Under the definitive merger agreement, Copart will pay $10.50 per share in cash for all outstanding shares of ACV common stock, a premium of approximately 45% to ACV's unaffected closing stock price on August 10, 2026, and approximately 41% to ACV's 30-day volume-weighted average price for the period ending September 9, 2026. Copart will promptly commence a tender offer for at least a majority of ACV's outstanding shares, subject to expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other customary conditions, with any remaining shares to be cancelled and converted into the same $10.50 per share in cash in a subsequent merger. Copart intends to fund the transaction through cash on hand with no financing condition, and both boards have unanimously approved the deal, which is expected to close by calendar year-end 2026, after which ACV will operate as an independent subsidiary led by its existing leadership team. The combination is expected to be neutral on Copart's earnings per share in the first full year of ownership and accretive in fiscal 2028 and beyond, and Copart will host a conference call at 5:30 p.m. Eastern Time today to discuss the transaction and its fourth quarter and full fiscal year 2026 results.
ACV Auctions Inc.Copart will acquire ACV for $10.50/share in cash, a ~45% premium to its unaffected price.
Copart IncCopart is funding the $1.9B all-cash ACV acquisition from cash on hand, expected EPS-neutral in year one and accretive from fiscal 2028.
