Copart to Acquire ACV Auctions for $1.9 Billion

Copart, a salvage vehicle auction company, will acquire digital wholesale marketplace ACV Auctions in a $1.9 billion all-cash deal. The purchase gives Copart access to ACV's dealer trade-ins and wholesale inventory, moving over 800,000 vehicles annually. The deal combines ACV's inspection and valuation tools with Copart's logistics network, aiming to control the used-car pipeline from trade-in to total loss.