ACVA

In the past six months, ACV Auctions' stock was significantly impacted by its Q2 2026 earnings report and a subsequent acquisition offer. On August 10, 2026, ACV reported record Q2 revenue of $214 million (a 10% year-over-year increase) and adjusted EBITDA of $21 million, exceeding guidance. Despite these figures, the stock plunged 13.36% after-hours as investors focused on weakening conversion rates in June and July due to declining used-car values; the company reaffirmed its full-year 2026 guidance. Subsequently, between September and October 2026, ACV shares surged after Copart announced a definitive agreement to acquire the company for $10.50 per share in an all-cash deal, valuing ACV at approximately $1.9 billion, representing about a 45% premium. This offer was unanimously approved by both boards and was expected to close by year-end 2026, pending regulatory approval, with Copart extending its tender offer to October 7, 2026. Following the announcement, ACVA shares traded near the deal price, reaching a new 52-week high of $10.50 on October 5, 2026, shifting investor focus to deal-completion risk.