Copart (CPRT) Investor presentation summary

Strategic rationale and transaction overview

• Acquisition of ACV Auctions for $10.50 per share, valuing the deal at $1.9B equity value.

• ACV will operate as an independent subsidiary, retaining its leadership team.

• The transaction accelerates Copart’s whole car strategy and technology services expansion.

• Expected to be EPS neutral in the first year, accretive from FY2028 onward.

• Fully financed through existing cash, with closing anticipated by year-end 2026.

Synergies and growth opportunities

• Significant near-term cost and revenue synergies expected across dealer, commercial, and retail channels.

• Combination creates a comprehensive digital vehicle remarketing platform spanning wholesale, salvage, and international resale.

• Copart’s global buyer network and physical footprint complement ACV’s digital marketplace and technology.

• Expanded addressable market, especially in dealer-to-dealer wholesale and commercial remarketing.

• Enhanced data and AI capabilities to drive better decision-making and operational efficiencies.

Market positioning and industry trends

• ACV is a technology-enabled leader in digital automotive wholesale, with strong double-digit revenue growth and over $10B annual GMV.

• Industry tailwinds include a growing and aging vehicle parc, rising vehicle complexity, and accelerating digital adoption.

• Increasing importance of data and AI in dealer workflows and remarketing processes.

• The combined platform addresses both dealer wholesale and salvage verticals, strengthening presence across the used vehicle lifecycle.

• Copart’s infrastructure and relationships expected to accelerate ACV’s growth and international expansion.