Copart Completes Acquisition of ACV Auctions for $10.50 Per Share

Copart, Inc. announced the successful completion of its acquisition of ACV Auctions Inc. on October 16, 2026. The transaction was finalized through a merger following a cash tender offer, resulting in ACV becoming a wholly owned subsidiary of Copart.

Key Details

• Acquisition Price: Copart acquired all outstanding shares of ACV common stock for $10.50 per share in cash.
• Tender Offer: The offer expired on October 15, 2026, with 116,818,409 shares (approximately 68.43% of outstanding shares) validly tendered.
• Post-Acquisition Status: Following the merger, ACV's common stock has ceased trading on the New York Stock Exchange. ACV will now operate as an independent subsidiary of Copart.