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Copart Clears Regulatory Milestone as HSR Waiting Period Expires for ACV Auctions Acquisition

NeutralMedium impact
CPRT$26.37 −0.42%

Copart, Inc. (CPRT) has cleared an antitrust milestone in its proposed acquisition of ACV Auctions. The waiting period under the Hart-Scott-Rodino Act for Copart's all-cash tender offer of $10.50 per share expired on October 13, 2026, removing a key regulatory hurdle for the transaction.

The expiration allows the deal to move forward, though completion remains subject to other customary conditions. Crucially, the transaction still requires the satisfaction of the minimum tender condition, which mandates that more than 50% of outstanding ACV Auctions shares be tendered into the offer.

Investors will closely monitor the tender offer's scheduled expiration at 5:00 p.m. ET on October 15, 2026, to see if enough shareholders participate to meet the tender threshold. Shares of Copart, Inc. (CPRT) were trading down 0.42% at $26.37 following the update.

Key points

  • The Hart-Scott-Rodino waiting period for Copart's tender offer for ACV Auctions expired on October 13, 2026.
  • Copart is offering $10.50 per share in cash to acquire ACV Auctions.
  • The tender offer is scheduled to expire at 5:00 p.m. ET on October 15, 2026.
  • Final completion depends on meeting remaining conditions, including tendering over 50% of shares.

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Questions and answers

What did Copart announce regarding its ACV Auctions offer?

Copart announced that the Hart-Scott-Rodino Act waiting period for its $10.50 per share cash tender offer to acquire ACV Auctions expired on October 13, 2026.

When does Copart's tender offer for ACV Auctions expire?

The tender offer is scheduled to expire at 5:00 p.m. ET on October 15, 2026.

What conditions remain for Copart's acquisition of ACV Auctions?

The acquisition remains subject to remaining closing conditions, including a minimum condition requiring more than 50% of shares to be tendered.