Copart extends ACV tender offer and HSBC cuts target for Copart stock

Copart Inc. stock (ISIN US2172041061) was trading at EUR 24.44 at Lang & Schwarz on October 2, 2026 at 2:34 p.m. CEST, plus 0.91 percent versus the prior close of EUR 24.22. On October 1, 2026, Business Wire reported that Copart extended its USD 10.50-per-share tender offer for ACV Auctions to October 7, 2026. On September 17, 2026, MarketScreener reported that HSBC cut its Copart price target from USD 46.00 to USD 36.00 and lowered its rating from Buy to Hold.

ACV deal reaches its next deadline

The extension keeps Copart's proposed acquisition of ACV active while U.S. antitrust review continues. Business Wire reported that approximately 81.3 million ACV shares, representing 47.78 percent of the outstanding total, had been tendered by the prior expiration date.

The transaction carries an implied equity value of USD 1.9 billion and is funded with cash. Copart said the offer remains subject to conditions including the minimum tender condition and the expiration or termination of the Hart-Scott-Rodino waiting period, making regulatory timing the immediate transaction variable.

Revenue growth masks profit pressure

Copart reported fiscal fourth-quarter revenue of USD 1.15 billion for the period ended July 31, 2026, up 2.40 percent year over year, while net income attributable to Copart fell 17.40 percent to USD 327.40 million. The company's Copart release dated September 10, 2026 also showed diluted earnings per share declining to USD 0.35 from USD 0.41.

The annual comparison was milder on sales but still negative on earnings. Fiscal 2026 revenue reached USD 4.67 billion, up 0.40 percent, while net income fell 4.40 percent to USD 1.48 billion, according to the same Copart release.

International growth meets higher costs

The earnings call supplied a useful counterweight to the profit decline. The Motley Fool reported that international revenue grew 11.70 percent to USD 222.10 million in the fiscal fourth quarter, while global sold units declined 2.90 percent. Operating expense per car increased 12.70 percent, so higher revenue per unit and international expansion are currently offsetting weaker volumes and rising investment costs.

Copart stock keeps a wide valuation gap

At Lang & Schwarz, Copart stock was trading at EUR 24.44 on October 2, 2026 at 2:34 p.m. CEST, compared with a prior close of EUR 24.22 and a daily change of plus 0.91 percent. The primary NASDAQ quotation was USD 27.29 at the October 1, 2026 session timestamp in the finance quote, while the 52-week range was USD 26.74 to USD 45.89.

The further course of trading is shown by the continuously updated real-time quote of Copart stock.

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