How much is Copart paying for ACV Auctions?

$10.50 per share in cash, through a tender offer followed by a merger.

When does the ACV Auctions tender offer expire?

5:00 p.m. Eastern Time on October 15, 2026, after two extensions. It can be extended again; brokers usually set an earlier internal cut-off.

What happens to my ACVA shares if I do not tender?

If the offer closes, Copart completes a second-step merger without a shareholder vote and remaining shares are converted into the right to receive the same $10.50 in cash, usually some days later than tendered shares.

Merger Spreads › Deal guides › ACVA

ACV Auctions (ACVA) is being bought by Copart for $10.50 a share

Terms checked against SEC filings on 2026-10-12 · checking for newer filings…

Offer$10.50cash per share

Market price—loading…

Spread—gap to the offer

Tender deadlineOct 155:00 p.m. ET · may be extended

Tendered so far52.8%as of Oct 7 (SEC filing)

StatusOpenantitrust clearance pending

In one paragraph

Copart (CPRT) agreed on September 10, 2026 to buy ACV Auctions for $10.50 per share in cash, about $1.9 billion in total. Instead of a shareholder vote, Copart launched a tender offer on September 17: shareholders are asked to hand in (“tender”) their shares through their broker. The offer was due to expire on September 30, was extended to October 7 and then to October 15, 2026 at 5:00 p.m. Eastern Time. By October 7, holders of 52.84% of the shares had already tendered. The remaining condition that matters most is antitrust clearance under the Hart-Scott-Rodino (HSR) Act.

What can I do if I own ACVA shares?

1. Tender your shares

Ask your broker to tender them before its own deadline, which is usually a day or two before Oct 15. If the offer closes, you receive $10.50 per share in cash shortly after. Tendered shares can normally be withdrawn while the offer is open.

2. Sell on the market

You get the market price today, usually a little below $10.50 (that gap is the spread shown above). You give up the last few cents in exchange for certainty and cash now.

3. Do nothing

If the offer closes, Copart completes a second-step merger (Delaware Section 251(h), no vote needed) and your shares are converted into the right to receive the same $10.50 in cash, typically later than tendered shares. If the deal fails, you keep your shares.

This is general information, not advice. Taxes: a cash buyout is generally treated like a sale of your shares; check your own situation.

What could go wrong?

Antitrust (HSR) clearance. The repeated extensions are consistent with waiting for it. If the deal ends because clearance is not obtained, Copart owes ACV a $115.3 million fee.
The share price after a failed deal. The offer was about a 45% premium, which implies the stock traded around $7.2 before the announcement. A break would likely send it back toward that area.
A competing bid. ACV would owe Copart $57.7 million if it walks away for a better offer, which makes a rival bid less likely.

Timeline

Sep 10, 2026 Merger agreement signed ($10.50 cash).
Sep 17 Tender offer launched (Schedule TO).
Sep 30 Original expiry → extended to Oct 7.
Oct 8 Extended to Oct 15, 5:00 p.m. ET; 52.84% tendered.
By end of 2026 Expected closing, per the companies.

Frequently asked questions

Is $10.50 the final price?: It is the agreed price. Copart could raise it, but nothing in the filings suggests that.
Will ACVA keep trading?: Until the deal closes, yes. After the merger the shares are delisted and ACV becomes a Copart subsidiary.
Why is the market price below $10.50?: Waiting time and the small risk that the deal fails. The closer and safer the closing, the smaller the gap.
Where can I check the official documents?: On SEC EDGAR, linked below. They prevail over anything on this page.

Sources

Not investment advice

Merger Spreads is an information service. Prices can be delayed; deal terms are checked by hand against public filings and can change. Always read the filings and talk to your broker before acting.

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