---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-423478"
form_type: "8-K"
ticker: "CPRT"
cik: "0000900075"
company_name: "COPART INC"
filed_at: "2026-10-16T13:59:35+00:00"
generated_at: "2026-10-16T14:00:11.893820+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Copart completes acquisition of ACV Auctions for $10.50 per share; ACV becomes independent subsidiary

## Summary
- Copart completed its cash tender offer for ACV at $10.50 per share; 116,818,409 ACV shares were validly tendered, about 68.43% of outstanding shares.
- Tender offer expired at 5:00 p.m. Eastern on Oct. 15, 2026; merger closed Oct. 16, 2026 under Delaware DGCL Section 251(h), making ACV a wholly owned Copart subsidiary.
- ACV common stock ceased trading on NYSE and ACV will operate as an independent Copart subsidiary led by ACV’s existing leadership team, including CEO George Chamoun.
- Copart CEO Jay Adair said the deal creates an industry-leading remarketing platform spanning dealer trade-ins, wholesale remarketing, salvage disposition, and international scale.
- Evercore advised Copart and J.P. Morgan advised ACV; Wilson Sonsini and Davis Polk served as legal counsel; Joele Frank and FGS Global provided communications support.

## SEC filing metadata
- accession: 0001193125-26-423478
- form_type: 8-K
- ticker: CPRT
- cik: 0000900075
- company_name: COPART INC
- filed_at: 2026-10-16T13:59:35+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/900075/000119312526423478/0001193125-26-423478-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/900075/000119312526423478/d129535d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-423478
- JSON: https://secwatch.observer/filing/0001193125-26-423478.json
- Plain text: https://secwatch.observer/filing/0001193125-26-423478.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.