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CPRT News
CPRT Events
Copart's Antitrust Waiting Period for ACV Auctions Acquisition Expired
Copart (CPRT) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the "HSR Act," in connection with Copart's pending acquisition of ACV Auctions (ACVA) expired at 11:59 p.m., Eastern Time, on October 13, 2026.
Copart Extends ACV Auctions Tender Offer Deadline to October 15, 2026
Copart (CPRT) announced that its wholly owned subsidiary Apple Merger Sub has further extended the expiration date of its all-cash tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.001 per share, of ACV Auctions (ACVA), at a price of $10.50 per Share, net to the seller in cash, without interest, subject to any applicable withholding taxes. The tender offer, which was previously extended and scheduled to expire at 5:00 p.m., Eastern Time, on October 7, 2026, has been further extended and will now expire at 5:00 p.m., Eastern Time, on October 15, 2026, unless further extended or earlier terminated
Copart Extends Cash Tender Offer for ACV Auctions to $10.50
Copart (CPRT) announced that its wholly owned subsidiary Apple Merger Sub has extended the expiration date of its all-cash tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.001 per share, of ACV Auctions (ACVA), at a price of $10.50 per Share, net to the seller in cash, without interest, subject to any applicable withholding taxes. The tender offer, which was previously scheduled to expire at one minute following 11:59 p.m., Eastern Time, on September 30, has been extended to 5:00 p.m., Eastern Time, on October 7. On September 29, Copart disclosed that it had withdrawn and refiled its Premerger Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in order to provide the Antitrust Division of the Department of Justice and the Federal Trade Commission with additional time to complete their review of the transaction. Copart refiled its Premerger Notification and Report Form on September 28. The waiting period under the HSR Act expires at 11:59 p.m., Eastern Time, on October 13, but this period may be terminated earlier if the agencies exercise their discretion to grant early termination.
Stocks Rebound as Oil Prices Ease
Stocks recovered some of their recent losses on Thursday as oil and fuel prices eased. Crude oil fell toward $100 a barrel, following about 3% drop in the previous session, reflecting easing concerns over supply disruptions after Saudi Arabia indicated it could restore around half of the damaged East-West pipeline's capacity within days and full operations within six weeks.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:The SEC issued an "innovation exemption" to facilitate trading of tokenized stocksGeneracannounced a multi-year agreement to supply Amazonand its affiliates with up to a total of $8B worth of backup power generators for data centersA group of 10 banks is providing a $22B chip loan to support Blackstoneand Alphabet'snew cloud venture Crux AI, Reuters and Bloomberg reportedExxon Mobilis nearing a deal to invest in Venezuela's oil fields, WSJ reportsOpenAI shared a new framework for tracking, investigating, and disclosing instances of AI model misalignment, along with six reports on "unexpected or concerning model behavior" observed in the last six months2. WALL STREET CALLS:Macquarie upgraded Trip.comto OutperformFluence Energydowngraded to Underperform at Baird and to Neutral at Goldman SachsCitizens upgraded J.B. Huntto OutperformGuggenheim downgraded Lyftto NeutralBernstein downgraded Palo Alto Networks, Okta, and SentinelOneto Market Perform3. AROUND THE WEB:Xpengplans to offer its technology to foreign automakers beyond its partner Volkswagen, Reuters reportsGlassHouse Research disclosed that the firm is short Astrana HealthLucid GroupCEO Silvio Napoli told Bloomberg in an interview that the company's work with restructuring consultant AlixPartners has concludedNebiussaid in an emailed statement to Bloomberg that the company is raising on-demand prices, effective October 1McDonald'sworking on new value strategy to revive U.S. sales, Bloomberg says4. MOVERS:HighPeak Energyrose as Reuters said the company is exploring a sale after receiving acquisition offerIonQincreased after detailing its research conducted with SynopsysKopingained after Oppenheimer initiated coverage of the stock with an Outperform ratingCopartfell after HSBC downgraded the stock to HoldCoreWeavedeclined after announcing an additional $6.3B in financing, including a $3B notes offering and at-the-market stock offering program5. EARNINGS/GUIDANCE:Intuitreaffirmed its guidance for Q1 and FY27 in conjunction with its investor day meetingYetiissued its outlook for FY26 and FY30 as part of its own investor dayBrinkerprovided guidance through FY29Lennarreported Q3 results, with EPS and revenue missing consensusAmer Sportsraised its outlook for Q3INDEXES:The Dow rose 316.14, or 0.61%, to 51,778.04, the Nasdaq gained 439.88, or 1.69%, to 26,418.30, and the S&P 500 advanced 85.95, or 1.14%, to 7,637.76.
Stocks Surge as Oil Prices Retreat
Stocks were sharply higher on Thursday, erasing losses from the last two sessions as oil and fuel prices trimmed their recent surge. Saudi Arabia signaled progress in restoring capacity through its East-West pipeline, dampening part of the recent rise in wholesale energy inflation.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:The SECto facilitate trading of tokenized stocksGeneracannounced ato supply Amazonand its affiliates with up to a total of $8B worth of backup power generators for data centersA group of 10 banks is providing ato support Blackstoneand Alphabet'snew cloud venture Crux AI, Reuters and Bloomberg reportedExxon Mobilis nearing ain Venezuela's oil fields, WSJ reportsOpenAIfor tracking, investigating, and disclosing instances of AI model misalignment, along with six reports on "unexpected or concerning model behavior" observed in the last six months2. WALL STREET CALLS:MacquarieTrip.comto OutperformFluence Energyto Underperform at Baird and to Neutral at Goldman SachsCitizensJ.B. Huntto OutperformGuggenheimLyftto NeutralBernsteinPalo Alto Networks, Okta, and SentinelOneto Market Perform3. AROUND THE WEB:Xpengplans to offer its technology to foreign automakers beyond its partner Volkswagen, Reuters reportsGlassHouse Research disclosed that the firm is short Astrana HealthLucid GroupCEO Silvio Napoli told Bloomberg in an interview that the company's work with restructuring consultant AlixPartners has concluded.Nebiussaid in an emailed statement to Bloomberg that the company is raising on-demand prices, effective October 1Apollo Globalis discussing with SoftBankpotentially increasing the size of its loan to $9B from $5.4B, Bloomberg says4. MOVERS:Schrodingerhigher afterunder its Nasdaq listing ruleIonQ (IONQ) increases after detailing itsKopingains after Oppenheimerof the stock with an Outperform ratingCopartfalls after HSBCthe stock to HoldCoreWeavelower after announcing a5. EARNINGS/GUIDANCE:Intuitits guidance for Q1 and FY27 in conjunction with its investor day meetingYetiits outlook for FY26 and FY30 as part of its own investor dayBrinkerLennar, with EPS and revenue missing consensusAmer Sportsfor Q3INDEXES:Near midday, the Dow was up 314.25, or 0.61%, to 51,776.15, the Nasdaq was up 411.33, or 1.58%, to 26,389.75, and the S&P 500 was up 79.40, or 1.05%, to 7,631.21.
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