Copart to Acquire ACV Auctions for $1.9 Billion

Copart, Inc. (CPRT) entered a merger agreement on September 10, 2026, to acquire ACV Auctions, Inc. (ACVA) in a deal valued at $1.90 billion.

Deal Structure:

Copart, through a subsidiary, will promptly launch a tender offer to acquire all outstanding shares of ACV common stock for $10.50 per share in cash, a 45.43% premium over the stock’s last closing price.

Company Profile:

ACV Auctions is a digital marketplace for wholesale used vehicle auctions, connecting buyers and sellers through its online platform. The company also provides vehicle inspection, valuation data, transportation, and financing services.

Copart is a global provider of online vehicle auctions focused primarily on the resale and disposition of damaged, salvage, and end-of-life vehicles. The company operates a network of vehicle processing facilities and serves insurers, dealers, dismantlers, exporters, and other buyers.

Deal Details and Timeline:

Last month, Bloomberg reported that ACV was exploring strategic options, including a potential sale after receiving takeover interest. The stock was trading at $7.26 before it was reported that the company was working with financial advisers to conduct the review.

Copart intends to fund the transaction using cash on hand.

The deal is expected to close by year-end 2026.

ACV will become an independent subsidiary under Copart and will continue to be led by its current leadership team.

J.P. Morgan Securities served as financial advisor, and Davis Polk & Wardwell served as legal advisor to ACV. Evercore provided financial advice to Copart, while Wilson Sonsini Goodrich & Rosati served as its legal counsel.

Copart is paying 1.58 times sales for ACV Auctions.

Deal Metrics:

For more comprehensive information about this M&A transaction, kindly visit the Deal Metrics page through the link below:

Deal Metrics for the acquisition of ACV Auctions, Inc. (ACVA) by Copart, Inc. (CPRT)

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement to completion or failure.
• Progression of the merger, including the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And much more.

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Editor’s Note: Baranjot Kaur contributed to this article