Copart agreed to buy ACV Auctions in an all-cash deal valuing the dealer-to-dealer wholesale platform at about $1.9 billion. Under the definitive agreement, Copart will pay $10.50 a share in cash via a tender offer and back-end merger, the companies said in a joint Form 8-K release. That price is about a 45% premium to ACV’s unaffected close on Aug. 10, before published media reports.
Reuters said ACV shares jumped over 40% after the bell, while Copart rose about 8% in aftermarket trading. Those after-hours prints can still move. The same day, Copart reported fiscal fourth-quarter revenue of $1.15 billion, up 2.4%, ahead of a LSEG estimate of $1.14 billion, with diluted EPS of $0.35 versus $0.41 a year earlier.
Close is expected by calendar year-end 2026, subject to a majority tender, Hart-Scott-Rodino clearance, and customary conditions. Copart plans to fund with cash on hand and said there is no financing condition. The tender offer had not yet commenced at announcement.
Sources: Copart Form 8-K / joint PR (price, premium, timing); Copart Q4 earnings 8-K; Reuters (AH tape and LSEG), Sep. 10, 2026.
