RB Global (NYSE:RBA) Issues Earnings Results

RB Global (NYSE:RBA) (TSE:RBA) issued its quarterly earnings data on Tuesday. The business services provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.04, FiscalAI reports. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a net margin of 9.99% and a return on equity of 12.37%.

Here are the key takeaways from RB Global’s conference call:

• Second-quarter performance was solid: GTV increased 11% to $4.7 billion and adjusted EBITDA rose 6%, with EBITDA growth outpacing service revenue growth and indicating operating leverage.
• RB Global raised its 2026 outlook, now expecting 9%–11% GTV growth and approximately 8.6% adjusted EBITDA growth at the midpoint, including about CAD 500 million of GTV from BigIron.
• Automotive unit volumes grew 11% for the sixth consecutive quarter of outperformance, supported by market-share gains and an expanded relationship with the company’s largest insurance partner across all 50 states.
• The BigIron integration is progressing well and expands RB Global’s U.S. agriculture platform, but management said its earnings and margin profile will not be fully representative until after the farming season and later in 2026.
• The service revenue take rate declined 110 basis points year over year to 20%, reflecting acquisitions, portfolio mix, and automotive pricing incentives; management cautioned that further mix changes, including BigIron’s lower-rate real estate business, could pressure the rate.

RB Global Stock Down 2.7%

Shares of NYSE:RBA traded down $2.54 during mid-day trading on Thursday, hitting $93.09. 1,235,764 shares of the company traded hands, compared to its average volume of 1,302,602. The firm’s 50 day simple moving average is $109.92 and its 200 day simple moving average is $106.45. The firm has a market cap of $17.23 billion, a P/E ratio of 40.03, a PEG ratio of 2.27 and a beta of 0.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.07 and a current ratio of 1.14. RB Global has a 52-week low of $93.45 and a 52-week high of $119.58.

RB Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from RB Global’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, August 25th. RB Global’s payout ratio is 56.65%.

Insider Buying and Selling at RB Global

In other news, Director Deborah Stein purchased 425 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $103.15 per share, with a total value of $43,838.75. Following the acquisition, the director owned 1,825 shares in the company, valued at approximately $188,248.75. This trade represents a 30.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.

Institutional Trading of RB Global

Large investors have recently modified their holdings of the business. State of Wyoming acquired a new position in shares of RB Global in the second quarter worth about $46,000. Geneos Wealth Management Inc. raised its position in shares of RB Global by 21.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 97 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of RB Global by 53.1% in the 1st quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 204 shares in the last quarter. Sfam LLC purchased a new position in shares of RB Global during the 4th quarter valued at approximately $82,000. Finally, Harvest Fund Management Co. Ltd grew its position in shares of RB Global by 437.2% during the third quarter. Harvest Fund Management Co. Ltd now owns 779 shares of the business services provider’s stock worth $84,000 after buying an additional 634 shares in the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RBA. Barclays decreased their price objective on RB Global from $124.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of RB Global in a research note on Wednesday. National Bank Financial upped their price objective on shares of RB Global from $132.00 to $133.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada increased their price objective on shares of RB Global from $150.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stephens reissued an “equal weight” rating and issued a $96.00 target price on shares of RB Global in a research report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, RB Global currently has an average rating of “Buy” and an average price target of $128.00.

RB Global Company Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.