On Tuesday, Copart reported the preliminary results of its modified “Dutch Auction” tender offer, which expired at 5 p.m. ET on Monday.

Based on the preliminary count by the depositary for the tender offer, Copart said it expects to accept for payment an aggregate of 6,262,579 shares of its common stock at a purchase price of $36 per share. The company indicated these shares represent approximately 4.9 percent of the shares issued and outstanding.

Based on the preliminary count by the depositary for the tender offer, the company also noted an aggregate of 6,262,579 shares were properly tendered and not withdrawn at or below a price of $36, including 787,325 shares that were tendered through notice of guaranteed delivery.

“The number of shares to be purchased and the price per share are preliminary,” Copart officials said. “The determination of the final number of shares to be purchased and the final price per share is subject to confirmation by the depositary of the proper delivery of the shares validly tendered and not withdrawn.

“The actual number of shares validly tendered and not withdrawn and the final price per share will be announced following the completion of the confirmation process,” they continued. “Payment for the shares accepted for purchase will occur promptly thereafter. Payment for shares will be made in cash, without interest.

Copart mentioned the self-tender offer was made pursuant to an offer to purchase and letter of transmittal, each dated June 4, in which the company offered to purchase up to 13,888,888 shares at a price not greater than $36 per share and not less than $34.75 per share. Those documents were filed with the Securities and Exchange Commission on June 4 and as amended on June 24.

The information agent is Georgeson and the depositary is Computershare Trust Co.

For questions and information regarding the tender offer, call the information agent at (800) 932-9864.