Copart Agrees to Buy ACV for $1.9B

Copart has agreed to acquire ACV in an all-cash transaction worth approximately $1.9B.

What happened

Copart will pay $10.50 per share for the digital wholesale vehicle marketplace, representing a substantial premium to ACV's unaffected trading price. ACV built a technology-led marketplace connecting dealers and supporting vehicle inspection, data and wholesale transactions.

Why it matters

Vehicle remarketing is moving steadily online, but the market remains fragmented across salvage, wholesale and dealer channels. Combining Copart's scale with ACV's digital marketplace expands the reach of both businesses across the used-vehicle ecosystem.

The bigger picture

Automotive software and marketplaces are consolidating as digital workflows replace more traditional auction processes. The value increasingly sits not only in matching buyers and sellers, but in the inspection data, pricing intelligence and transaction infrastructure wrapped around each vehicle.