Filing Flows › ACV Auctions (ACVA) › Takeover & LBO
Is ACV Auctions (ACVA) a takeover target?
A leveraged buyout does not work for ACV Auctions on its latest figures: it has no positive EBITDA to borrow against (−$10.6M over the last 12 months, on revenue of $801M). Historically 7.9% of companies with its figures were bought within a year (1.56× the average). Latest signal (2026-09-17): Agreed sale to any amendments or supplements thereto, the at $10.5 cash a share · pending.
Why a leveraged buyout does not fit
A leveraged buyout is paid for mostly with debt that the company's own cash flow repays. ACV Auctions' EBITDA over the last 12 months was −$10.6M on revenue of $801M, so there is nothing to lend against and nothing to repay a loan with: a buyer would have to pay almost entirely with its own money. That is the kind of deal another company — a strategic buyer that wants the products, the pipeline or the technology — makes, not a private-equity fund. The model therefore gives no buyout price.
What a takeover could cost
Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, ACV Auctions would cost about $14.62 a share, $2.5B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 14.7% | $11.97 | $2.0B |
| Median | 40% | $14.62 | $2.5B |
| High end (a quarter paid more) | 60.2% | $16.72 | $2.9B |
The odds, from history
Historically 7.9% of companies with its figures were bought within a year (1.56× the average). Its figures put it in decile 10 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
Rumors and deal signals
- 2026-09-17 · deal · Agreed sale to any amendments or supplements thereto, the at $10.5 cash a share · pending
- 2026-09-17 · SC 14D9 · Response to a tender offer (Schedule 14D-9)
ACV Auctions' latest quarter
ACV Auctions, Q2 2026: revenue $214M (+10% year over year), operating margin -2.8%, net loss $8.2M, operating cash flow −$35.5M. The chart follows the revenue to costs, profit and cash.
Questions
Is ACV Auctions being acquired?
The latest signal on file is from 2026-09-17: Agreed sale to any amendments or supplements thereto, the at $10.5 cash a share · pending. A headline is not a deal; Filing Flows lists the news, 8-K filings and 13D filings about a sale.
Could private equity buy ACV Auctions?
A leveraged buyout does not work for ACV Auctions on its latest figures: it has no positive EBITDA to borrow against (−$10.6M over the last 12 months, on revenue of $801M). With no cash flow to repay a loan, a buyer would pay almost entirely with its own money: a deal for another company (a strategic buyer), not for a private-equity fund.
What would a takeover of ACV Auctions cost?
Takeovers in its sector paid a median premium of 40% over the share price before the deal (the middle half 14.7% to 60.2%), according to the 20 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, ACV Auctions would cost about $14.62 a share, $2.5B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.