Copart said on 10 September it will acquire ACV Auctions for $10.50 per share in cash, valuing the Buffalo-based online wholesale car marketplace at about $1.9bn.
Market context
ACV will continue to run independently under its current management. Copart expects the deal to be neutral to EPS in its first full year and accretive from fiscal 2028; ACV shares jumped more than 40% on the announcement.
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