Copart Inc., US2172041061

Copart stock extends ACV tender offer as profit pressure persists

Published on 10/04/2026 at 19:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Copart stock closed at USD 27.22 on October 2, 2026, as the ACV tender offer reached 47.78 percent of shares tendered. Fiscal Q4 net income fell 17.4 percent.

Aquarellmalerei der Dallas-Skyline, Heimatstadt von Copart Inc — Copart Inc. Aquarell der Dallas-Skyline als Unternehmenssitz mit Flussreflexionen und warmem Licht US2172041061, Illustration mit AI erstellt.

Copart stock (ISIN US2172041061) closed at USD 27.22 on Nasdaq on October 2, 2026, only 1.80 percent above its 52-week low of USD 26.74. The latest corporate development is the extension of Copart's ACV Auctions tender offer to October 7, 2026, after 47.78 percent of ACV shares had been tendered by September 30, according to Business Wire on October 1, 2026.

ACV offer moves into October

Copart is offering USD 10.50 per ACV share in cash, while regulatory review remains a key condition for completion. The Hart-Scott-Rodino waiting period is scheduled to expire on October 13, 2026, unless it ends earlier, giving the transaction a defined near-term checkpoint.

The extension followed Copart's withdrawal and refiling of its premerger notification on September 28, 2026. The offer therefore remains an active transaction process rather than a completed acquisition, with the October 7 deadline now the immediate date for ACV holders.

Revenue rises as profit contracts

Copart's fiscal fourth quarter ended July 31, 2026, produced revenue of USD 1.2 billion, up 2.4 percent from the prior-year quarter, while gross profit declined 5.5 percent to USD 481.4 million. Copart reported net income of USD 327.4 million, down 17.4 percent, and diluted EPS of USD 0.35 versus USD 0.41, according to Copart in its September 10, 2026 release.

The full fiscal year shows the same split between sales and profitability. Revenue reached USD 4.7 billion, up 0.4 percent, while net income fell 4.4 percent to USD 1.5 billion and diluted EPS decreased 2.5 percent to USD 1.55.

Analyst targets remain above the price

BNP Paribas Exane reaffirmed an Outperform rating and raised its target from USD 40.00 to USD 43.00 on September 28, 2026, according to MarketBeat. Its published consensus is Moderate Buy from 12 analysts, with an average target of USD 37.80, a high of USD 45.00 and a low of USD 25.00; the average target lies 38.87 percent above the October 2 price.

Copart stock stays near its yearly low

Copart stock closed at USD 27.22 on October 2, 2026, down USD 0.07, or 0.26 percent, from the prior close of USD 27.29. Market capitalization stood at USD 25.2 billion and trading volume was 8,446,541 shares.