The acquisition is complete and ACVA stock will be delisted imminently. Monitor for Form 25 filing and final deregistration on Form 15.
Price Chart
Executive Summary
ACV Auctions Inc. has been acquired by Copart, Inc. in a completed all-cash transaction valued at approximately $1.8 billion. The tender offer expired on October 15, 2026, with 116,818,409 shares (68.43% of outstanding) validly tendered, and the merger was completed on October 16, 2026 under Section 251(h) of the DGCL. All pre-merger directors have been replaced by Copart appointees, ACV's stock will be delisted from the NYSE, and the company's certificate of incorporation and bylaws have been amended and restated.
Key Facts
- Tender offer expired October 15, 2026; 116,818,409 shares (68.43% of outstanding) validly tendered at $10.50/share
- Merger completed October 16, 2026 under Section 251(h) of the DGCL without stockholder vote
- Aggregate consideration paid by Copart was approximately $1,801,021,081.00, funded from cash on hand
- All seven pre-merger directors (George Chamoun, Brian Radecki, Brian Hirsch, Eileen Kamerick, Robert Goodman, Kirsten Castillo, Ren F. Jones) ceased as directors
- New directors are A. Jayson Adair and Leah C. Stearns (Copart/Merger Sub appointees)
- ACV requested NYSE to suspend trading and file Form 25 to delist; will file Form 15 to terminate registration
- Certificate of incorporation and bylaws amended and restated; authorized shares reduced to 1,000 shares of common stock
- Outstanding stock options, RSUs, and PSUs converted into Copart equity or cash per Merger Agreement
Financial Impact
Approximately $1.8 billion total consideration paid by Copart in cash; $10.50 per share to ACV stockholders
Risk Factors
- Appraisal demands by dissenting stockholders could result in additional cash outflows
- Delisting and deregistration eliminate public trading and reporting obligations
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-425225 |
| Document: d139534d8k.htm | 0001193125-26-425225 |
| Document: d139534dex31.htm | 0001193125-26-425225 |
| Document: 0001193125-26-425225-index-headers.html | 0001193125-26-425225 |
| Document: 0001193125-26-425225-index.html | 0001193125-26-425225 |
| Document: 0001193125-26-425225.txt | 0001193125-26-425225 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | SC 14D-9/A | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | 25-NSE | $10.50 | awaiting T+20 | — | — |
Oct 16, 2026 10d ago | SC TO-T/A | $10.50 | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | SC 14D-9/A | $10.50 | awaiting T+20 | — | — |
Oct 14, 2026 13d ago | SC TO-T/A | $10.50 | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | SC 14D-9/A | $10.44 | awaiting T+20 | — | — |
Oct 8, 2026 19d ago | SC TO-T/A | $10.44 | awaiting T+20 | — | — |
Oct 1, 2026 25d ago | SC 14D-9/A | $10.45 | awaiting T+20 | — | — |
Oct 1, 2026 26d ago | SC TO-T/A | $10.45 | awaiting T+20 | — | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers