Copart to acquire ACV Auctions for $10.50 per share in cash, about $1.9 billion
Copart agreed to acquire ACV Auctions through a cash tender offer at $10.50 per share, an implied equity value of about $1.9 billion, followed by a merger. The price is a premium of about 45% to ACV's unaffected closing price on August 10, 2026, and about 41% to its 30-day volume-weighted average price. For Copart shareholders, the company expects the deal to be neutral to earnings per share in the first full year of ownership and accretive in fiscal 2028 and beyond.
Key points
- Offer price of $10.50 per share in cash, implied equity value of about $1.9 billion
- Premium of about 45% to ACV's unaffected closing price on August 10, 2026
- Termination fee of $57.7 million payable by ACV; $115.3 million payable by Copart under specified circumstances
- Expected to close by calendar year-end 2026, funded with cash on hand; not subject to a financing condition
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.