The acquisition is a transformative, all-cash deal that expands Copart's addressable market into dealer-to-dealer wholesale remarketing. Monitor for HSR clearance and any competing bids; the stock should re-rate on the strategic rationale and synergy potential. The deal is expected to close by year-end 2026.
Price Chart
Executive Summary
Copart (CPRT) announced a definitive agreement to acquire ACV Auctions (ACVA) for $10.50 per share in cash, implying an equity value of approximately $1.9 billion. The transaction will be funded through cash on hand, is not subject to a financing condition, and is expected to close by calendar year-end 2026. The acquisition creates a full-spectrum digital vehicle remarketing platform and is expected to be accretive to Copart's EPS in fiscal 2028 and beyond.
Key Financial Metrics
Key Facts
- Copart to acquire ACV Auctions for $10.50 per share in cash, implying an equity value of approximately $1.9 billion.
- The per-share purchase price represents a premium of approximately 45% to ACV's unaffected closing stock price on August 10, 2026.
- The transaction is expected to be neutral on Copart's EPS in the first full year of ownership and accretive in fiscal 2028 and beyond.
- The boards of directors of both companies have unanimously approved the transaction.
- The transaction is expected to close by calendar year-end 2026, subject to customary conditions including HSR clearance and tender of a majority of ACV shares.
- Support Stockholders beneficially owning approximately 4.1% of outstanding ACV Stock have agreed to tender their shares.
- Copart intends to fund the transaction through cash on hand; the transaction is not subject to any financing condition.
Financial Impact
~$1.9B equity value for ACV; Copart funding via cash on hand; expected to be accretive to EPS in FY2028
Risk Factors
- Failure to obtain HSR clearance or other regulatory approvals could delay or block the transaction.
- Integration risks: combining ACV's technology and dealer network with Copart's physical infrastructure may not achieve expected synergies.
- A competing acquisition proposal for ACV could emerge, potentially increasing the cost or derailing the deal.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-388064 |
| Document: d138322d8k.htm | 0001193125-26-388064 |
| Document: d138322dex101.htm | 0001193125-26-388064 |
| Document: d138322dex991.htm | 0001193125-26-388064 |
| Document: d138322dex992.htm | 0001193125-26-388064 |
| Document: 0001193125-26-388064-index-headers.html | 0001193125-26-388064 |
| Document: 0001193125-26-388064-index.html | 0001193125-26-388064 |
| Document: 0001193125-26-388064.txt | 0001193125-26-388064 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | 8-K | $29.95 $29.28 | ▼ −2.24% | ▼ −2.02% | $27.28 (−8.90%) |
Aug 18, 2026 6w ago | 8-K | $31.51 $33.33 | ▲ +5.78% | ▲ +5.98% | $27.28 (−13.41%) |
Jun 29, 2026 13w ago | 8-K | $28.10 $29.24 | ▲ +4.06% | ▲ +2.67% | $27.28 (−2.90%) |
May 21, 2026 19w ago | 8-K | $33.76 $32.29 | ▼ −4.35% | ▼ −6.01% | $27.28 (−19.19%) |
Feb 28, 2026 30w ago | Institutional Cluster | $38.30 $37.57 | ▼ −1.92% | ▼ −0.71% | $27.28 (−28.77%) |
US Market Status
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