Copart said it completed its acquisition of ACV Auctions on Oct. 16, 2026, closing a cash tender offer that valued ACV shares at $10.50 each.
At the expiration of the tender offer on Oct. 15, 116,818,409 ACV shares were validly tendered and not withdrawn, equal to about 68.43% of ACV’s outstanding common stock at that time. Copart accepted those shares for payment and said it would promptly pay for them.
After the tender offer, Copart completed a merger of its subsidiary with ACV. The remaining ACV shares that were not tendered were canceled and converted into the right to receive the same $10.50 per share in cash.
With the deal closed, ACV shares stopped trading on the New York Stock Exchange. ACV will operate as an independent subsidiary of Copart under its existing leadership team.
Copart said the combination creates a broader remarketing platform spanning dealer trade-ins, wholesale remarketing, salvage disposition and international operations. ACV’s CEO said the deal expands the company’s growth, innovation pace and global reach. Following these announcements, the company's shares moved 5.63%, and are now trading at a price of $27.75. If you want to know more, read the company's complete 8-K report here.
