ACV Auctions

Automotive · Marketplaces

Acquisition

Copart to acquire ACV Auctions for $1.9B in all-cash deal

The deal pushes Copart beyond salvage auctions into the much larger dealer-to-dealer wholesale market it has never directly competed in.

• Copart agreed to acquire ACV Auctions for $10.50 per share in cash, an implied equity value of about $1.9 billion, in an all-cash tender offer deal.
• ACV runs a digital marketplace and data-services platform connecting dealers for vehicle sourcing, inspections and wholesale transactions, distinct from Copart's salvage-auction roots.
• The $10.50-per-share price represents roughly a 45% premium to ACV's unaffected close on August 10, 2026, and about 41% over its 30-day volume-weighted average price.
• Copart will fund the deal entirely from cash on hand with no financing contingency, structuring it as a tender offer followed by a merger, after which ACV continues operating as an independent subsidiary under its current leadership.
• ACV shares jumped more than 40% in after-hours trading on the news, while Copart shares rose about 10%.
• The deal is expected to close by year-end 2026, pending a Hart-Scott-Rodino antitrust review and a majority tender of ACV shares.
• The acquisition marks Copart's first major move beyond insurance-salvage auctions into dealer-to-dealer wholesale remarketing, a much larger and more competitive segment of the used-vehicle supply chain.