Copart Agrees to Buy ACV Auctions for $1.9 Billion in Cash

Copart will purchase ACV Auctions through a $1.9 billion all-cash transaction. The salvage-focused auction operator gains entry to dealer trade-ins and wholesale stock earlier in a vehicle's lifespan.

Copart expands from salvage into dealer wholesale channels. ACV Auctions runs a digital platform connecting dealers that moves more than 800,000 vehicles annually. It counts over 22,000 active buyers and recorded roughly $10 billion in gross merchandise value during 2025.

The move supplies Copart with trade-ins and other dealer inventory that may prove too old, too rough or simply inconvenient for retail display yet still qualify as saleable cars. These vehicles can be directed into suitable sales paths before they risk classification as total losses.

The deal combines digital tools with physical logistics networks. ACV contributes vehicle inspections, valuation software, financing options and transportation services. Copart supplies its extensive yards, established logistics network and global buyer pool.

Executives noted that ACV supplies the dealer relationships and condition-reporting systems required to engage franchise dealers and higher-value transactions. Copart already markets non-insurance vehicles and maintains dedicated wholesale locations.

Data and multi-channel routing form the long-term strategy. The merged businesses could more accurately identify the sales channel likely to deliver the highest return on any given vehicle. They would then earn a fee regardless of whether the car is wholesaled, exported or sold as salvage.

The purchase is described as a long-term data and logistics play rather than a quick revenue grab. A retail-ready dealer trade-in can remain on the lot, while one that falls short proceeds via ACV’s wholesale marketplace. Lower-end yet drivable vehicles may attract export buyers, and economic total losses advance through Copart’s established insurance-auction system.

ACV’s recent financial performance shows mixed results. The company’s second-quarter revenue rose 10 percent to $214 million. However, its marketplace unit volume and gross merchandise value were essentially flat, and it posted an $8 million GAAP loss.

Copart expects the deal to be earnings-neutral in its first full year and accretive starting in fiscal 2028. The transaction positions Copart to manage a used car from trade-in through to total loss.