Copart to acquire ACV for $1.9B; FY26 revenue $4.7B, net income $1.48B

Filed September 29, 2026 · Period ending July 31, 2026 · Compared to 10-K Sep 26, 2025 · ~1 min read

Key Changes

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  Copart entered a definitive agreement to acquire ACV Auctions for $10.50 per share in cash, an implied equity value of approximately $1.9 billion, expected to close by end of calendar 2026.

  Subsequent Events verify on EDGAR →
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  Copart repurchased 43.4 million shares for $1.6 billion in fiscal 2026, reducing shares outstanding by about 41 million and lowering remaining authorization to 282 million shares.

  Stock Repurchase Program verify on EDGAR →
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  Net income attributable to Copart declined 4.4% to $1.48 billion, and diluted EPS fell 2.5% to $1.55, despite revenue growth of 0.4% to $4.67 billion.

  Income Statement verify on EDGAR →