Copart Stock Jumps on Mixed Q4, Acquisition of ACV Auctions

Benzinga Earnings
3小時前

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.

  • CPRT stock is moving. Watch the price action here.

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.

Read Also: Oracle Stock Pops After Q1 Earnings Print, Cloud Revenue Jumps 62%

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.  

Photo: Shutterstock

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