Copart completes $1.9 billion acquisition of ACV Auctions at $10.50 per share
Copart Inc. closed its all‑cash purchase of ACV Auctions, paying $10.50 for each share and valuing the transaction at roughly $1.9 billion. About 68.43% of ACV’s outstanding shares were tendered and the remaining shares were cancelled, after which ACV’s stock stopped trading on the NYSE. The company will operate as an independent subsidiary of Copart under its existing leadership. Copart said the deal will be earnings‑neutral in the first full year and accretive to earnings per share starting in fiscal 2028.
Why it matters
The acquisition expands Copart’s vehicle‑remarketing platform and adds a digital wholesale marketplace, which could enhance its growth prospects. According to the press release, the transaction is expected to be neutral to Copart’s EPS in the first year and accretive from 2028, providing a clear timeline for potential shareholder benefit.
Key facts
- 1Copart paid $10.50 per share for ACV Auctions. tradingview.com
- 268.43% of ACV’s shares were tendered in the offer. tradingview.com
- 3The implied equity value of the transaction is approximately $1.9 billion. finance.yahoo.com
- 4ACV’s shares ceased trading on the New York Stock Exchange after the merger. stocktitan.net
- 5ACV will operate as an independent subsidiary of Copart under its existing leadership team. stocktitan.net
- 6Copart expects the deal to be earnings‑neutral in the first full year and accretive to EPS starting in fiscal 2028. hoodline.com
Open questions
- Material 2 reports a purchase price of $11.15 per share, conflicting with the $10.50 per share reported in other sources.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.