Copart operates online vehicle auction platforms and vehicle remarketing services for insurance companies, financial institutions, dealers, rental car companies, charities, fleet operators and individuals. Its auctions connect consigners with buyers such as dealers, dismantlers, rebuilders, exporters and the general public across operations in North America, Europe, South America and the Middle East.
News about CPRT commonly covers quarterly and annual earnings, auction volume and margin trends, segment reporting, conference-call schedules and technology or payments integrations tied to total-loss claims, title processing, lienholder payments and loan payoff workflows.
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 Approximately 81,269,394 shares, or 47.78% of outstanding shares, had been tendered and not withdrawn as of September 30.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.
Newport Gold (NWPG), through its wholly owned subsidiary NFI Empire, announced a build update for Project Reborn-001, a custom truck that will be auctioned at The Red Bird Games in Brentwood, Tennessee, with proceeds benefiting The Brett Boyer Foundation.
The project has received a donor vehicle from Copart (CPRT), a modern GMC Sierra 3500 Duramax that is being integrated with a 1979 Chevrolet K30 crew cab. The modern firewall, floor, frame, Duramax diesel drivetrain, suspension, interior and technology are being combined with the classic square-body exterior. NFI Empire plans to share ongoing progress updates as the full overhaul advances toward the live charity auction.
HealthStream (HSTM) completed a private placement in which WJRJJ Ventures purchased 1.5 million shares of common stock for about $44.25 million, in a transaction that closed on September 14, 2026.
HealthStream issued 1,355,932 new shares to WJRJJ for approximately $40 million in cash at $29.50 per share, and CEO Robert A. Frist, Jr. sold 144,068 existing shares to WJRJJ for about $4.25 million at the same price. Frist remains the largest shareholder, beneficially owning about 16.4% of outstanding common stock. The company plans to use its net proceeds for general corporate purposes, including investments in its solutions, working capital, potential acquisitions, and other strategic initiatives. WJRJJ is owned by Willis Johnson, founder and chairman of Copart (CPRT). HealthStream and Empath Nursing maintain a minority equity relationship and a technology-based business agreement.
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.
Copart (CPRT) reported fourth-quarter fiscal 2026 revenue of $1.2 billion and net income attributable to Copart of $327.4 million.
Quarterly revenue grew 2.4% year over year, but gross profit fell 5.5% to $481.4 million and net income attributable to Copart declined 17.4%. Diluted EPS for the quarter decreased to $0.35 from $0.41, a drop of 14.6%. For the fiscal year, revenue was $4.7 billion, up 0.4%, while gross profit slipped 0.8% to $2.08 billion and net income attributable to Copart decreased 4.4% to $1.48 billion. Full-year diluted EPS declined to $1.55 from $1.59. Operating cash flow for the year was $1.60 billion, and the company used $1.63 billion for share repurchases.
Copart will host a webcasted earnings call on September 10, 2026, at 5:30 p.m. Eastern Time.
Copart (NASDAQ: CPRT) will release its fourth quarter fiscal 2026 earnings after 4:00 p.m. Eastern Time on Thursday, September 10, 2026, followed by a conference call at 5:30 p.m. Eastern, accessible via live webcast and replay on the Copart investor relations website.
Copart (NASDAQ: CPRT) announced that David J. Berger, 67, joined its Board of Directors effective August 13, 2026. Berger is a Senior Partner at law firm Wilson Sonsini Goodrich & Rosati, where he has practiced since 1989, focusing on corporate governance, mergers and acquisitions, and shareholder activism.
He has held multiple leadership roles at the firm and serves as President of the American College of Governance Counsel, a director of the Long-Term Stock Exchange, and co-chair of the annual Rome Conference on AI, Ethics and Governance. According to Copart, his governance and M&A experience is expected to support the company’s long-term value creation.
Copart (NASDAQ:CPRT) announced the promotion of Jane Pocock to President, effective August 1, 2026. Pocock joined Copart in 2019 as Managing Director of Copart UK, leading UK and Ireland through growth, capacity expansion, and improved customer experience.
Her promotion signals confidence in the UK and Ireland business and aims to extend its technology-enabled, customer-focused approach across Copart’s global platform.
Copart (NASDAQ:CPRT) will host an investor conference call with incoming CEO Jay Adair on July 6, 2026 at 9:00 a.m. ET. The webcast will cover his appointment, leadership priorities, and long-term strategy, followed by Q&A, with a replay available through October 2026.