Copart

Alluvium Asset Management's Conventum – Alluvium Global Fund disclosed a new position in Copart, highlighting the company’s scale as an online vehicle auction platform and strong historical growth and returns. The fund noted Copart operates in a duopoly with limited domestic growth potential and identified two key risks: declining accident rates from autonomous driving and an increasing share of collisions classified as total losses. Despite these structural risks, Alluvium found valuation and financial metrics compelling enough to initiate the position. » Mere på finance.yahoo.com

Copart’s subsidiary launched an all-cash tender offer to buy all ACV Auctions shares for $10.50 each, valuing the deal at about $1.9 billion and representing a roughly 45% premium to ACV’s pre-announcement close. The transaction is subject to acquisition of a majority stake and regulatory waiting periods and is expected to close by year-end. Following the offer Needham downgraded ACV to hold, saying the bid is fair and a competing offer is unlikely. ACV reported wider Q2 net losses but 10.4% revenue growth to $213.9 million and saw hedge fund holdings by value rise despite fewer funds holding the stock. » Mere på finance.yahoo.com

Copart is offering $10.50 per share in cash, paying about $1.9 billion for ACV Auctions, a premium of roughly 45% over the previous price. The transaction is expected to close by the end of 2026 and will be fully financed from existing cash on hand. The goal is to build a digital remarketing platform by combining ACV’s dealer-to-dealer technology with Copart’s physical infrastructure; Copart expects the acquisition to be accretive to earnings per share from 2028. Risks remain regulatory reviews, shareholder approval and the successful integration of the business models; additionally, ACV is currently still loss-making. » Mere på finanzen.net

Copart announced the acquisition of ACV Auctions in an all-cash transaction valued at about $1.9 billion ($10.50 per share), representing a roughly 45% premium to the price before initial reports. At the same time, the company reported strong quarterly results, sending the stock up 8.6% in after-hours trading to $33.40. The deal adds a digital marketplace for wholesale vehicles to Copart’s offerings and, together with the results, serves as a catalyst for a revaluation of the stock relative to its 52-week high. » Mere på de.investing.com

Copart will report results for the quarter ended in July on 10 September 2026. On average, 8 analysts expect earnings per share of $0.383 (prior year $0.410), and 7 analysts estimate revenue at $1.14 billion versus $1.13 billion in the year-ago quarter. For the fiscal year just ended, median estimates are $1.58 per share and $4.66 billion in revenue. » Mere på finanzen.net