Copart completes acquisition of ACV Auctions

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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Copart Inc. published the original content used to generate this news brief via (Ref. ID: 20261015338070) on October 16, 2026, and is solely responsible for the information contained therein. (C)