Date:	--/--/-- --:--:--
Event Id:	E5LBI86Z4
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	ACVA
Updated:	--/--/-- --:--:--
Purchase Price Per Share:
Price Per Share Currency:
News References:	https://www.businesswire.com/news/home/20260910881782/en/

Action Notes

Copart, Inc. (NASDAQ: CPRT), a global leader in online vehicle auctions, and ACV (NYSE: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today announced a definitive agreement under which Copart will acquire all outstanding shares of ACV common stock for $10.50 per share in cash, representing an implied equity value of approximately $1.9 billion. The per-share purchase price represents a premium of approximately 45% to ACV's unaffected closing stock price on August 10, 2026 (the last trading day prior to published media reports regarding a potential transaction involving ACV) and a premium of approximately 41% to ACV's 30-day volume-weighted average price for the period ending September 9, 2026. The boards of directors of both companies have unanimously approved the transaction, which is expected to close by calendar year-end 2026.