Copart has agreed to acquire ACV, one of the largest primarily digital automotive marketplaces in the country, in an all-cash transaction funded from cash on hand with no financing conditions. ACV sells more than 800 thousand vehicles each year and transacted approximately $10 billion of gross merchandise value in 2025 across more than 22 thousand active buyers, while Copart brings more than 275 locations, over 4 million vehicles sold a year, and approximately 1 million members across more than 185 countries. The deal is structured as a tender offer, has been unanimously approved by both boards, is subject to customary conditions including regulatory review, and is expected to close by the end of the calendar year, with ACV operating as an independent subsidiary led by its existing team. Copart expects the transaction to be breakeven in the current year and accretive in the first full year, which will be fiscal 2028. For its fourth quarter, Copart reported consolidated revenue of $1.2 billion, up 2.4% year over year, with global gross profit of $481 million and net income attributable to Copart of $327.4 million, or $0.35 per diluted common share, down 17.4%. Global sold units declined 2.9% in the quarter, with domestic units down 5.7% and international units up 10%, while global insurance units fell 4.2% as domestic insurance dropped 7.5% and international insurance rose 11.2%.
ACV Auctions Inc.ACV is being acquired by Copart in an all-cash tender offer unanimously approved by both boards.
Copart IncCopart agreed to acquire ACV in an all-cash deal expected to be accretive in fiscal 2028.
Caterpillar Inc