Copart will acquire ACV Auctions in a $1.9 billion all-cash deal. ACV gives Copart access to dealer trade-ins and wholesale inventory. The purchase is a long-term data and logistics play. Copart isn’t exactly where you go for healthy used cars just waiting for a fresh tank of fuel and an oil change. For the most part, the business is known for cars that insurers have written off. Vehicles connected to flood damage, theft recoveries, catastrophic crashes, and more. That’s why its new $1.9 billion purchase of ACV Auctions is important. The auction house known for salvaged cars is buying its way into the used-car pipeline before a vehicle becomes a…
Copart’s $1.9 Billion Bet Is About Controlling the Used-Car Pipeline
