Added to YB: 2026-09-17
Pitch date: 2026-09-14
ACVA [neutral]
ACV Auctions Inc.
Author Info
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Company Info
ACV Auctions Inc. provides a wholesale auction marketplace to facilitate business-to-business used vehicle sales between a selling and buying dealership.
Market Cap
$1.8B
Pitch Price
N/A
Price Target
10.50
Dividend
N/A
EV/EBITDA
-88.97
P/E
-28.35
EV/Sales
2.22
Sector
Commercial Services and Supplies
Category
special_situation
$ACVA: Copart calls it complementary, then writes a 115 million dollar antitrust fee
ACVA (update): ACV Auctions’ $10.50 cash sale to Copart offers just 0.86% gross upside versus roughly 30% downside toward the $7.22 unaffected price if it breaks. The key anomaly is Copart’s $115.3M antitrust-triggered reverse termination fee — 2.0x ACV’s standard break fee — despite describing the businesses as complementary. The fee may prove irrelevant if regulators view salvage and dealer-to-dealer wholesale as distinct channels.
Read full article (2 min)