Copart completes acquisition of ACV Auctions
Bitget2026/10/16 13:26- Copart completed its acquisition of ACV Auctions for $10.50 per share in cash.
- The tender offer expired October 15, 2026, with 116,818,409 shares tendered, representing approximately 68.43% of ACV's outstanding common stock.
- Remaining ACV common shares were converted into the right to receive the same $10.50 per share in cash.
- ACV shares ceased trading on the New York Stock Exchange; the business will operate as an independent subsidiary under its existing leadership.
- The acquisition expands the group's vehicle remarketing platform across dealer trade-ins, wholesale auctions and salvage disposition.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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