Copart launched a tender offer to acquire all outstanding ACV Auctions shares for $10.50 each in cash. The deal values ACV Auctions at approximately $1.9 billion. The offer commenced on September 17. The tender is scheduled to expire on September 30, 2026.
ACV Auctions’ board of directors unanimously recommended that stockholders tender their shares. The companies first announced the definitive agreement on September 10. This acquisition combines Copart’s global salvage auction platform with ACV’s digital dealer-to-dealer wholesale marketplace.
ACV Auctions will become a wholly owned subsidiary of Copart upon completion. The all-cash transaction is expected to close by the end of 2026. Final closing remains subject to regulatory approval and customary conditions.