M&A
confidence high
sentiment positive
materiality 0.90
Copart to acquire ACV for $10.50/share cash, ~$1.9B equity value
COPART INC
- Deal: $10.50/share cash, ~$1.9B implied equity value; ~45% premium to Aug 10 unaffected close.
- Tender offer for all ACV shares; majority condition, HSR waiting period; expected close by year-end 2026.
- Support stockholders owning ~4.1% of ACV agreed to tender shares.
- ACV to operate as independent subsidiary led by existing leadership; no financing condition.
- Expected neutral to Copart EPS in first full year, accretive in fiscal 2028.