Copart
Based in Dallas, Copart operates an online salvage vehicle auction with operations in 11 countries across North America, Europe, and the Middle East, facilitating over 3.5 million transactions annually. The company utilizes its virtual bidding platform, VB3, to connect vehicle sellers with over 750,000 registered buyers around the world. Buyers primarily consist of vehicle dismantlers, rebuilders, individuals and used vehicle retailers. About 80% of Copart's vehicle volume is supplied by auto insurance companies holding vehicles deemed a total loss. Copart also offers services such as vehicle transportation, storage, title transfer, and salvage value estimation. The company primarily operates on a consignment basis and collects fees based on the vehicle's final selling price.www.copart.com
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Search complete. 380 mentions across 35 episodes found for "Copart".
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.
James GruberHOST
Oracle dipped 1.8%.
James GruberHOST
Shares of ACV Auctions soared 44% after online vehicle auctioneer Copart agreed to buy it in a near 2 billion US dollar deal.
James GruberHOST
Kroger advanced 2.7% after the grocer reported results that beat market estimates.
James GruberHOST
Meantime, US government bond yields were mixed after the US consumer price inflation data.
Daniel MahnckeHOST
About 10 months ago, we covered Copart, and it's one of the most quoted examples for a quality compounder, which is a boring business with high margins, high returns on capital, and operating in a duopoly.
Shawn O'MalleyHOST
A duopoly that it dominated for the longest time.
Shawn O'MalleyHOST
And with that said, their competitor is gaining market share, which is weighing on the stock.
Shawn O'MalleyHOST
They clearly think the stock is trading at a bargain price.
Daniel MahnckeHOST
The last time they bought back meaningful amounts of share was more than a decade ago.
Daniel MahnckeHOST
And now the new CEO, who is also the old CEO, Jay Adair, is back to get Copart back on track.
speaker_2NARRATOR
[upbeat music] You're listening to the Intrinsic Value Podcast by The Investors Podcast Network.
speaker_2NARRATOR
Since 2014, with over one hundred and eighty million downloads, we've learned directly from the world's best investors.
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.
speaker_0HOST
ACV jumped more than 44% in a single session on 116 million shares, 35 times its normal volume.
speaker_0HOST
The thing Copart is actually buying isn't the auction.
speaker_0HOST
It's the inspection.
speaker_0HOST
ACV's whole model is built on sending someone to physically assess a car and produce a standardized condition report, including audio recordings of the engine.
Julie ChangHOST
Shares of the furniture retailer RH also lost steam over the course of the day, closing flat after the company reported revenue and profit that beat expectations.
Julie ChangHOST
And shares of the online vehicle auctioneer Copart fell over two and a half percent after the company agreed to buy rival ACV Auctions for nearly two billion dollars.
Julie ChangHOST
Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.
Julie ChangHOST
We'll have more coverage of the day's news on the WSJ's What's News? podcast.
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.
Sam D’ArcHOST
Together, the two platforms handle more than four point eight million vehicles annually.
Sam D’ArcHOST
Copart, through its two hundred seventy-five plus physical yards and salvage network.
Sam D’ArcHOST
ACV, through its dealer-only digital marketplace with twenty-two thousand active buyers.
Sam D’ArcHOST
The deal-- the idea is that Copart brings physical scale and international buyer demand, while ACV brings dealer relationships, digital inspections, and valuation tech.
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.
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.
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