ACV Auctions Inc.
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Search complete. 11 mentions across 11 episodes found for "ACV Auctions Inc.".
Sep 14, 2026
speaker_8CORRESPONDENT
But Oracle's post-earnings rally fizzled, with the stock dipping nearly 2%.
speaker_8CORRESPONDENT
And shares of ACV Auctions soared 44% after fellow online vehicle auctioneer Copart agreed to buy the company in a nearly $1.9 billion deal.
Asim AnyetheHOST
And that's BizNews Daybreak for today.
Asim AnyetheHOST
I'm Asim Anyete.
speaker_0HOST
which is more or less why a salvage auction company just spent nearly $2 billion on a company that doesn't sell wrecks.
speaker_0HOST
On Wednesday evening, Copart agreed to acquire ACV Auctions for $10.50 a share in cash, a deal worth about $1.9 billion, about a 45% premium to where ACV was trading before the news leaked.
speaker_0HOST
ACV runs dealer-to-dealer wholesale auctions for perfectly drivable used cars, which is a different business from Coparts.
speaker_0HOST
And the market reaction told you something.
Julie MorganHOST
The FTSE 100 is up 0.3%, and the DAX is up 0.4%.
Julie MorganHOST
ACV Auctions is on our biggest movers list.
Julie MorganHOST
ACVA is up 44% after Copart agreed to acquire the digital dealer auction platform for $10.50 per share in cash, implying an equity value of $1.9 billion.
Julie MorganHOST
And a couple of items for you on today's economic calendar.
Carol MassarHOST
Uh, stock up about 44%.
Carol MassarHOST
It's a vehicle auctioneer, um, Copart, that agreed to buy, uh, ACV Auctions, which is a digital car marketplace, for $1.9 billion.
Carol MassarHOST
It was an all cash transaction, so kinda interesting.
Carol MassarHOST
Something different in the trade.
Sam D’ArcHOST
All right, kicking off today with some major wholesale market news.
Sam D’ArcHOST
Get this: Copart is acquiring ACV Auctions for one point nine billion in cash.
Sam D’ArcHOST
They're paying about ten and a half bucks per share, about forty-five percent above where ACV was trading before word of the deal broke.
Sam D’ArcHOST
ACV will operate as an independent subsidiary under its existing leadership, keeping its own website and brand.
Mike DebuskyCORRESPONDENT
Traders are now betting on an interest rate hike at the Federal Reserve Board's meeting this month.
Mike DebuskyCORRESPONDENT
ACV Auctions, whose digital marketplace connects wholesale buyers and sellers of vehicles, soared 44% after Copart said it would pay $10 in cash for each of the company's shares.
Mike DebuskyCORRESPONDENT
and Kroger rose 2% after reporting stronger profit for the quarter than analysts had expected.
Mike DebuskyCORRESPONDENT
Mike Dabosky, ABC News.
speaker_0HOST
In corporate news, Microsoft plans to triple its computing power by 2032 through a data center expansion, according to Bloomberg.
speaker_0HOST
Meanwhile, Copart agreed to acquire ACV Auctions for $10.50 per share in cash, valuing the company at about $1.9 billion.
speaker_0HOST
Elsewhere, Intel's Altera is preparing for an IPO of more than $2 billion as early as this year, according to Reuters.
speaker_0HOST
Asian equities were sharply lower Friday, with steep declines across Japan, South Korea, Taiwan, and mainland China, while Hong Kong also fell.
Mike DaboskyCORRESPONDENT
Traders are now betting on an interest rate hike at the Federal Reserve Board's meeting this month.
Mike DaboskyCORRESPONDENT
ACV Auctions, whose digital marketplace connects wholesale buyers and sellers of vehicles, soared 44% after Copart said it would pay $10 in cash for each of the company's shares.
Mike DaboskyCORRESPONDENT
And Kroger rose 2% after reporting stronger profit for the quarter than analysts had expected.
Mike DaboskyCORRESPONDENT
Mike Dabosky, ABC News.
speaker_0HOST
Any bright spot in there?
speaker_1HOST
Copart up 5.85% on a clean deal for ACV auctions, and ACV popped 44%.
speaker_0HOST
Okay, so mixed signals across the board, how do we actually
speaker_1HOST
trade this into CPI? Carefully.
Jeff WatsonHOST
Anyway, so hopefully we can deliver quality today.
Luke GodwinHOST
We interviewed Joe Neiman, the founder of ACV.
Luke GodwinHOST
I was in my car at an auction.
Luke GodwinHOST
So yes, we've had some epic interviews here.
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