M&A · Industrials · Services-Business Services, NEC
Copart Inc to acquire ACV Auctions Inc.
Announced Sep 10, 2026 · Closed Oct 16, 2026
Deal value$1.90B
Premium45.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$10.50 per share
Transaction
- Acquirer
- Copart Inc (CPRT)
- Target
- ACV Auctions Inc. (ACVA)
- Buyer type
- Strategic
- Offer price per share
- $10.50
- Enterprise value
- —
- Status
- Closed Oct 16, 2026
Deal protections
- Break fee (target pays)
- $57.7M · 3.0%
- Reverse fee (buyer pays)
- $115M · 6.1%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Evercore
- To the target
- JPMorgan
- JPMorgan fee
- $26.0M
Sector context · Industrials
- Comparable deals
- 96 in the prior 24 months
- Premium
- 45.0% vs. 37.5% sector median
- EV / Adj. EBITDA
- Sector median 11.6x
- Break fee
- 3.0% vs. 2.8% sector median
Timeline
- AnnouncedSep 10, 2026
- Tender offerSep 17, 2026
- ClosedOct 16, 2026
Valuation · fairness opinions
Trading comparables$7.50$10.75
Discounted cash flow$9.50$13.00
Offer $10.50
Implied value per ACV Auctions Inc. share by analysis, from JPMorgan · DCF discount rate 10%–11%.