Copart Stock Jumps on Mixed Q4, Acquisition of ACV Auctions
Erica Kollmann 1 month ago
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Here's a look inside the Q4 earnings report from Copart.
Copart Inc. (NASDAQ:CPRT) posted mixed fourth-quarter fiscal 2026 results after Thursday’s closing bell and announced it will acquire online vehicle auction operator ACV Auctions (NYSE:ACVA). Here’s a look at the details.
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Copart Q4 Details
Copart reported quarterly earnings of 35 cents per share, which missed the consensus estimate of 38 cents, per Benzinga Pro data.
Quarterly revenue came in at $1.15 billion, which beat the analyst consensus estimate of $1.14 billion.
Copart said it will commence a tender offer to acquire all outstanding shares of ACV Auctions common stock for $10.50 per share in cash.
“This acquisition reflects a significant milestone in our growth strategy by creating an industry-leading end-to-end vehicle remarketing platform that is fully digital,” said Jay Adair, CEO of Copart.
CPRT Stock Price: According to data from Benzinga Pro, Copart stock was up 8.26% to $33.30 in Thursday’s extended trading.
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