Who owns Purple Wave, Inc.

Purple Wave, Inc. - Profile

Purple Wave is an online auction company based in Manhattan, Kansas, founded in 2000 by Aaron and Suzy McKee, that resells used construction, agricultural, transportation, fleet and government equipment across the United States. It acts as the seller's agent rather than a dealer: assets stay at the seller's own yard or farm, a field representative photographs and catalogues them, and they are sold in timed no reserve internet auctions, with the buyer arranging removal. Its customer base runs from contractors and farmers to municipalities, state agencies and universities disposing of surplus vehicles, machinery and office equipment. Copart took a significant stake in October 2023 in a deal that left the founders running the business and was framed as a route to international buyers and shared auction technology.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Copart, Inc., as of 6 Oct 2023. Consolidated is not the same as wholly owned, the Nucor/Moody's ICRA pattern the brief flags, found here on a domestic rather than an international subsidiary. On October 6, 2023, Copart acquired an 80% controlling ownership in Purple Wave, Inc. (a privately held online offsite heavy equipment auction company) by issuing 2.5 million shares of Copart common stock. The negotiated deal price was $108.0 million (2.5 million shares times the 10-day volume-weighted average price of Copart stock before closing, per the FY2025 10-K Note 2); the GAAP fair value of that same consideration, measured at the October 6, 2023 closing share price, was $112.1 million, and that is the figure recorded as value_usd here. The remaining 20% was retained by legacy Purple Wave owners as a redeemable noncontrolling interest with an acquisition-date fair value of $25.2 million, implying a total Purple Wave equity value at closing of roughly $137.3 million. Purple Wave is private with no public share count or per-share price disclosed anywhere in Copart's filings, so shares and value_price_per_share are null. As of April 30, 2026 (latest 10-Q), the redeemable noncontrolling interest (the 20% Copart does not own) was carried on Copart's balance sheet at $17.181 million; this is an accounting carrying value (cost basis rolled forward for the minority holder's share of income, loss and dividends under redeemable-equity accounting), not a current fair value of the 20% stake, so it was not used to update value_usd or infer a current value for Copart's 80%. sourcesource 2