Copart Completes Acquisition of ACV Auctions to Scale Digital Platform

Key Facts

1Copart announced the successful completion of its acquisition of ACV Auctions Inc.

2Copart CEO Jay Adair described the acquisition as an important milestone in the company's growth strategy.

Copart announced the successful completion of its acquisition of ACV Auctions Inc. According to a statement from Business Wire, the transaction integrates the online vehicle auction platform into Copart's operations to establish a more comprehensive, industry-leading service. Copart CEO Jay Adair described the acquisition as an important milestone in the company's long-term growth strategy.

CPRT closed at $27.75 on October 15, 2026, while ACVA closed at $10.50 on the same date. The acquisition aims to leverage ACV Auctions' digital capabilities to scale Copart's market presence, with CPRT reaching a session high of $27.78 during trading on October 15.