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AI brief of an SEC Form 8-K · Copart (CPRT)

Copart Completes $10.50-per-share Cash Acquisition of ACV Auctions

Neutral Impact 4 of 5 m&a Written later

Copart completed its acquisition of ACV Auctions on October 16, 2026, through a merger that followed a tender offer at $10.50 per share in cash. ACV shares have stopped trading on the New York Stock Exchange, and ACV will operate as an independent Copart subsidiary led by its existing leadership team. The filing does not disclose the total deal value or any financial effect on Copart.

Key points

  • Tender offer price was $10.50 per share in cash, subject to withholding taxes.
  • 116,818,409 ACV shares were validly tendered, about 68.43% of shares outstanding, when the offer expired at 5:00 p.m. Eastern Time on October 15, 2026.
  • Remaining ACV shares were converted into the right to receive the same $10.50 cash price in the merger completed October 16, 2026.
  • ACV shares have ceased trading on the New York Stock Exchange.

The filing

CompanyCopart (CPRT)
Form8-K, current report
Filed with the SECOct 16, 2026, 9:59 AM ET
Accession number0001193125-26-423478

Items reported: 2.01 Acquisition or Disposition Completed7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 October 16, 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.