Copart buys ACV in $1.9 billion auto‑remarketing deal

The purchase price represents a 45 per cent premium to ACV’s closing stock price on Aug. 10, 2026, and a 41 per cent premium to its 30‑day volume‑weighted average price. Copart plans to fund the transaction with cash on hand. The boards of both companies have unanimously approved the deal, which is expected to close by year‑end 2026.

“This acquisition reflects a significant milestone in our growth strategy by creating an industry‑leading end‑to‑end vehicle remarketing platform that is fully digital,” said Jay Adair, chief executive officer of Copart. “With ACV, we are uniquely positioned to drive efficiency and productivity throughout the entire automotive ecosystem.”

Copart expects the combined company to benefit from cost and revenue synergies across dealer, commercial and retail channels. The transaction is expected to be neutral to Copart’s earnings per share in the first full year and accretive in fiscal 2028 and beyond.

Following the close, ACV will operate as an independent subsidiary led by its existing leadership team. Copart operates more than 250 locations in 11 countries and sold more than 4 million units last year.

“By joining forces with Copart, we will be positioned to advance our mission, drive market expansion, and accelerate innovation with global scale,” said George Chamoun, chief executive officer of ACV. “Together, we will deliver even more value to our dealer and commercial partners.”