Started buying copart this year. I have yet to dig into the latest earnings report, but I did see they intend to aquire ACV auction. I need to do some more research on the deal, but it is all cash deal.
On the surface (without looking too deeply yet) it seems like a solid deal. ACV has some great proprietary software and allows copart to depend less on insurance companies, and offers a new source of revenue. I also believe that they are going to keep ACV as an independently running subsidiarie, as opposed to integrating it into copart. I believe there will be good synergy since copart already has a massive network of dealers spanning the globe.
I have yet to look too deeply into everything as this has just happened, but wondering what other people's thoughts are about coparts latest earnings call, or the acquisition?