Copart 8-K

Summary

Copart completed its acquisition of ACV Auctions on 10/16/2026, after a tender offer and merger without an ACV stockholder meeting. ACV is now a wholly owned, independent Copart subsidiary led by its existing leadership team, and its shares have ceased trading on the NYSE; Copart described the combination as expanding its vehicle remarketing capabilities and footprint.

Key Figures

• Purchase price: $10.50 per ACV share in cash, without interest and subject to withholding taxes; the same consideration applied to shares not tendered.
• Tender offer: 116,818,409 shares were validly tendered and not withdrawn by the 10/15/2026 expiration, representing approximately 68.43% of ACV’s outstanding shares. All offer conditions were satisfied or waived, and the tendered shares were accepted for payment.
• Equity awards: Vested, in-the-money options were canceled for cash based on the difference between the exercise price and $10.50 per share; unvested options and most restricted stock and performance awards converted into Copart awards. ACV’s employee stock purchase plan was terminated and outstanding purchase rights exercised.

Investor Takeaways

• ACV integration and the realization of the stated expanded capabilities and reach are the next developments to watch; the filing provides no quantified targets.