Market Chatter: Copart in Talks to Acquire CCC Intelligent Solutions

MT Newswires Live04:20

Copart (CPRT) is in discussions to acquire car-insurance software provider CCC Intelligent Solutions (CCC), Bloomberg reported Tuesday, citing people familiar with the matter.

Copart is in a race with several private equity firms, including GTCR and Veritas Capital, that are also eyeing the acquisition of CCC, according to the report.

Talks are ongoing, with the possibility of another suitor emerging, the people told the media outlet.

Copart and CCC did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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