ACV Auctions Inc. operates digital automotive marketplaces and data solutions for sourcing, selling and managing used vehicles. Company news centers on its wholesale marketplace, dealer and commercial-client activity, and the performance of offerings such as ACV Auctions, ACV Transportation, ACV Capital, MAX Digital, True360 and ClearCar.
Recurring updates include quarterly results, revenue and Adjusted EBITDA guidance, share repurchase activity, and product development across ACV MAX and VIPER. News also covers AI-powered vehicle inspection, appraisal, pricing and inventory-management tools that combine inspection-backed vehicle data with real-time market signals for dealers.
Copart (NASDAQ: CPRT) completed its acquisition of ACV Auctions (NYSE: ACVA) through a cash tender offer followed by a merger. The purchase price was $10.50 per share, without interest and subject to applicable withholding taxes. At the offer’s expiration on October 15, 2026, shareholders had validly tendered and not withdrawn 116,818,409 shares, approximately 68.43% of ACV’s outstanding common stock. Those shares were accepted for payment, which Copart will make promptly on the purchaser’s behalf.
Remaining outstanding ACV shares were cancelled and converted into the right to receive the same cash consideration. ACV shares have ceased trading on the New York Stock Exchange. ACV will operate as an independent Copart subsidiary under its existing leadership. Copart said the combination expands its remarketing platform across dealer trade-ins, wholesale remarketing and salvage disposition.
Copart (NASDAQ: CPRT) announced that the antitrust waiting period for its pending acquisition of ACV expired on October 13, 2026. The expiration at 11:59 p.m., Eastern Time, satisfies one condition for completing the cash tender offer, an offer to buy shareholders’ stock directly.
Through its wholly owned subsidiary Apple Merger Sub, Copart commenced the offer on September 17, 2026, to purchase all outstanding common shares of ACV Auctions (NYSE: ACVA) for $10.50 per share, without interest and subject to applicable withholding taxes. The offer is scheduled to expire at 5 p.m., Eastern Time, on October 15, 2026.
Completion remains subject to other conditions, including a minimum tender requirement: validly tendered, unwithdrawn shares, together with shares owned by the purchaser and its affiliates, must represent at least one share more than 50% of outstanding shares at expiration.
Stord closed a $400 million credit facility led by Citi to fund expansion of its fulfillment network and technology investments. Morgan Stanley, JPMorgan, First Citizens, Citizens and KeyBank also participated. The facility was oversubscribed at nearly double Stord's original target, following a $250 million Series F at a $3 billion valuation earlier in 2026.
Stord plans to expand its fulfillment network and accelerate robotics, automation and AI investment through Stord Labs. The company is approaching $1 billion in revenue run-rate and has grown 10x over four years. Bill Zerella joins as Chief Financial Officer, and Mark Wayland joins as Chief Revenue Officer.
Copart (Nasdaq: CPRT) extended its subsidiary’s tender offer for ACV Auctions (NYSE: ACVA) to October 15, 2026. Apple Merger Sub is offering $10.50 per share in cash for all outstanding ACV common shares, without interest and subject to applicable withholding taxes. The deadline moved from October 7 to 5:00 p.m. Eastern Time on October 15, unless further extended or earlier terminated.
Copart said the extension allows additional time for the antitrust waiting period, scheduled to expire at 11:59 p.m. Eastern Time on October 13, unless terminated earlier. Completion remains subject to that requirement and a minimum tender condition of at least one share more than 50% of outstanding shares, including purchaser and affiliate holdings. As of October 7, approximately 90,199,271 shares, or 52.84%, had been validly tendered and not properly withdrawn. Holders who already tendered need not act.
Copart (CPRT) extended its subsidiary’s all-cash tender offer to acquire ACV Auctions (ACVA) to October 7, 2026.
The offer remains $10.50 per share, without interest and subject to applicable withholding taxes, under the September 10 merger agreement. Expiration moved from one minute after 11:59 p.m. Eastern Time on September 30 to 5:00 p.m. Eastern Time on October 7. Approximately 81,269,394 shares, or 47.78% of outstanding shares, had been tendered and not withdrawn as of September 30.
Completion requires tendered shares plus purchaser-affiliate holdings to total at least one share more than 50% of outstanding shares, and expiration or termination of the antitrust waiting period. Copart refiled its antitrust notification on September 28 to allow additional review time. That waiting period expires at 11:59 p.m. Eastern Time on October 13, unless terminated earlier.
Copart (CPRT) has commenced a cash tender offer, through wholly owned subsidiary Apple Merger Sub, to acquire all outstanding shares of ACV Auctions (ACVA) for $10.50 per share, net to the seller in cash, without interest, under an Agreement and Plan of Merger dated September 10, 2026.
The offer expires at one minute after 11:59 p.m. ET on September 30, 2026, unless extended or terminated. Following acceptance of tendered shares and satisfaction or waiver of conditions, Apple Merger Sub will merge into ACV under DGCL Section 251(h), making ACV a wholly owned subsidiary of Copart, and remaining shares will also convert into the right to receive $10.50 in cash.
Closing is conditioned on a minimum tender of more than 50% of outstanding ACV shares and expiration or termination of the Hart‑Scott‑Rodino waiting period. The offer is not subject to a financing condition. ACV’s board has filed a Schedule 14D‑9 recommending that shareholders tender their shares.
Copart (CPRT) agreed to acquire all outstanding shares of ACV (ACVA) for $10.50 in cash per share, implying equity value of approximately $1.9 billion. The price represents a premium of about 45% to ACV’s unaffected August 10, 2026 close and about 41% to its 30‑day VWAP through September 9, 2026.
The deal adds ACV’s digital dealer‑to‑dealer wholesale auction and data platform to Copart’s global salvage, whole‑car, and international remarketing network, creating a full‑lifecycle vehicle remarketing platform. Copart expects meaningful cost and revenue synergies, with earnings per share impact neutral in the first full year and accretive in fiscal 2028 and beyond. The acquisition will be funded with cash on hand, is not subject to financing, and is expected to close by year‑end 2026 following a successful tender offer and regulatory clearances. ACV will operate as an independent subsidiary led by its current management.
ACV Auctions (NYSE: ACVA) announced a strategic integration with DriveCentric, combining ACV’s ClearCar pricing engine and VIPER AI inspection and acquisition workflow with DriveCentric’s new Service Engagement Hub CRM for fixed operations. The joint solution lets dealerships identify trade-in and acquisition opportunities directly from the service drive while standardizing digital inspections and maintenance recommendations. According to ACV, this is the first of a series of planned integrations with service-drive and dealer management software providers. The integrated offering is expected to be available to mutual dealership customers starting in September 2026.
ACV Auctions (NYSE: ACVA) announced nationwide availability of its VIPER automated vehicle scanning system for car dealerships, aimed at turning every service lane visit into a vehicle acquisition opportunity. VIPER combines automated imaging, VIN-level pricing, AI-powered condition analysis and ACV’s inspection-backed market intelligence to generate consumer offers in minutes.
Installed directly in the service lane, VIPER delivers a full exterior and undercarriage assessment in under 60 seconds and automatically creates appraisals with photos, damage detection, tire measurements, pricing insights and customizable offers. According to ACV Auctions, VIPER is powered by data from over one million vehicle inspections annually, 50 million images per year and 250+ condition data points per vehicle, and integrates with ACV MAX, ClearCar offers and dealer CRMs to support acquisition, upsell and merchandising workflows.
ACV (NYSE: ACVA) appointed Tim Fox, currently Vice President of Investor Relations and Strategic Finance, as Chief Financial Officer effective August 11, 2026. Fox succeeds CFO Bill Zerella, who is leaving to become CFO of another company and will remain an advisor through October 2, 2026 to support the transition.
Fox joined ACV in 2021 and has over 35 years of finance, investment and operations experience, including senior roles at software company PTC. ACV also issued a separate release announcing financial results for the quarter ended June 30, 2026.