Shares of CCC Intelligent Solutions surged more than 8% in late trading on Tuesday after Bloomberg reported that Copart is among potential buyers considering an acquisition of the software company.
The report, published by Bloomberg, cited Vlad Schepkov, an editor at the news outlet, as the source of the information. CCC Intelligent Solutions, which provides software solutions, saw its stock price rise sharply in after-hours trading following the disclosure.
Copart, a provider of automotive salvage and recycling services, experienced a brief decline in its shares, trading 0.6% lower in response to the report. The movement in Copart's stock reflects the market's reaction to the potential acquisition news, though the company has not confirmed any formal bid or negotiation.
The trading activity occurred on August 18, 2026, with CCC Intelligent Solutions' shares gaining momentum in late trading sessions. The report did not specify a timeline for any potential transaction, and no additional details were provided regarding the valuation or structure of a potential deal.
Investors reacted swiftly to the unconfirmed report, with CCC Intelligent Solutions' stock price reflecting heightened interest in the software company's prospects as a potential acquisition target.
