Copart refiles US antitrust paperwork for $1.9 billion ACV acquisition

Copart extended its $10.50-per-share tender offer for ACV Auctions until October 7, awaiting federal antitrust review. As of September 30, 47.78% of ACV shares were tendered, below the 50% threshold. The acquisition aims to combine their digital automotive marketplaces, with regulatory clearance pending.

Copart Inc. (CPRT) extended its tender offer for ACV Auctions Inc. (ACVA) to October 7, 2026, offering $10.50 per share. The extension follows a refiling under the HSR Act. As of Tuesday, 81.27 million shares, or 47.78% of outstanding shares, were tendered. The offer requires over 50% of shares to be tendered and HSR Act approval.

Copart, Inc. (CPRT) extended its $10.50 per share tender offer for ACV to Oct. 7, 2026. As of Sept. 30, 47.78% of ACV's shares were tendered. The deal's closing depends on meeting a 50% minimum and HSR waiting period expiring Oct. 13.

Copart Inc. (CPRT) stock hit a 52-week low of $26.80, down 30% year-to-date. The company reported mixed Q4 2026 earnings with 2.4% revenue growth to $1.152B, but faced margin pressure. Copart acquired ACV Auctions for $1.9B, with mixed analyst reactions. InvestingPro suggests CPRT may be undervalued, while HSBC downgraded it to Hold.

ACV Auctions (ACVA) agreed to be acquired by Copart for US$1.9b at US$10.50 per share. ACVA's stock rose 40.3% in 30 days and 61.7% in 90 days, despite long-term declines. The stock now trades near the offer price, with varying fair value estimates (US$10.13 vs. US$36.57). Analysts debate deal certainty and business risks.

Copart (CPRT) reported Q4 revenue growth of 2.4% to $1.2B but saw gross profit and net income decline. The company announced a $1.9B all-cash acquisition of ACV Auctions, which analysts view as a strategic move despite mixed quarterly results. Analysts' price targets range from $36 to $40, with some upgrading the stock based on long-term growth potential.