Rb Global (TSE:RBA)
NYSE:RBA
Want to see TSE:RBA full AI Analyst Report?
Top Page
RB Global
(NYSE:RBA)
Select Model
Select Model
Rating:69Neutral
Price Target:
C$155.00
â–²(8.51% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by solid financial fundamentals (strong revenue scale-up and positive free cash flow) and a supportive earnings update with raised 2026 guidance. Offsetting this are a still-premium valuation (P/E ~33.5), only modest yield, and a mixed technical picture with the stock below several key moving averages and take-rate/margin-related uncertainties.
Positive Factors
GTV Growth
Sustained GTV expansion indicates durable marketplace demand and scalable transaction flow. Broader organic growth (~9%) implies network effects and stronger seller/buyer engagement, supporting recurring fee revenue, service cross‑sell, and long‑term top‑line resilience independent of short‑term cycles.
Negative Factors
Service Take‑Rate Decline
A persistent decline in take‑rate compresses revenue per transaction and pressures margins unless offset by higher volumes or new fee streams. Structural mix shifts into lower‑percentage sectors and acquisitions can depress reported take‑rate even as gross dollar revenue rises, complicating margin visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
GTV Growth
Sustained GTV expansion indicates durable marketplace demand and scalable transaction flow. Broader organic growth (~9%) implies network effects and stronger seller/buyer engagement, supporting recurring fee revenue, service cross‑sell, and long‑term top‑line resilience independent of short‑term cycles.
Read all positive factors
RB Global (RBA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$27.32B
Dividend Yield1.16%
Average Volume (3M)212.77K
Price to Earnings (P/E)44.0
Beta (1Y)0.77
Revenue Growth8.18%
EPS Growth5.06%
CountryCA
Employees7,900
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)2.18
Shares Outstanding186,300,000
10 Day Avg. Volume221,834
30 Day Avg. Volume212,771
Financial Highlights & Ratios
PEG Ratio14.81
Price to Book (P/B)3.16
Price to Sales (P/S)4.08
P/FCF Ratio26.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$172.97Price Target Upside21.10% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)6.07
Revenue Forecast (FY)C$6.65B
RB Global Business Overview & Revenue Model
Company Description
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 asset...
How the Company Makes Money
RB Global primarily makes money by facilitating transactions for used commercial assets and vehicles and charging fees tied to those transactions. Key revenue streams include: (1) Transaction and marketplace fees: the company earns fees when asset...
RB Global Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call painted a largely positive picture: strong top-line GTV growth (13%), significant CC&T momentum, resilient Automotive performance with rising ASPs, double-digit Adjusted EBITDA and adjusted EPS growth, and a raised full-year outlook. Management balanced enthusiasm with caution, noting timing-driven lumpiness in CC&T, a 160 bps decline in the service revenue take rate (partly optical), regional disruptions in the Middle East, and fuel cost headwinds. Strategic M&A progress (BigIron HSR approval) and continued focus on cost discipline and yard efficiencies support confidence in durable, profitable growth, though some near-term uncertainty remains around calendar timing and regional disruptions.Positive Updates
Strong Top-Line Growth (GTV)
Total Gross Transaction Value (GTV) rose 13% year-over-year to $4.3 billion in Q1 2026, with organic GTV (ex-acquisitions) up ~9%, reflecting broad marketplace demand.
Negative Updates
Service Revenue Take-Rate Decline
Service revenue take rate declined 160 basis points year-over-year to 20.7%; management noted a portion of the decline is 'optical' due to higher ASP mix and regressive buyer fees, plus impacts from acquisitions/divestments.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth (GTV)
Total Gross Transaction Value (GTV) rose 13% year-over-year to $4.3 billion in Q1 2026, with organic GTV (ex-acquisitions) up ~9%, reflecting broad marketplace demand.
Read all positive updates
Company Guidance
RB Global raised its 2026 outlook, now guiding Gross Transaction Value (GTV) growth of 6–9% for the full year (guidance excludes BigIron) and roughly 8% Adjusted EBITDA growth at the midpoint; that outlook is supported by Q1 results where GTV was $4.3 billion (up 13%), Automotive GTV +7% (unit volumes +1%, average vehicle price ~+6%), U.S. insurance ASPs ~+10% YoY, Commercial Construction & Transportation GTV +27% (≈+16% ex‑acquisitions) and total organic GTV +9% ex‑acquisitions. Q1 Service Revenue rose 5% while the service revenue take rate declined 160 bps to 20.7%; Adjusted EBITDA increased 11% (outpacing service revenue) and adjusted EPS rose 13%, aided by inventory returns and cost discipline. Management characterized 2026 as volume‑led growth, reiterated a goal of growing Adjusted EBITDA faster than service revenue, noted the guidance incorporates headwinds (e.g., fuel) and flagged ongoing initiatives—cost savings, yard‑level efficiency technology and operating‑model productivity—to drive operating leverage.RB Global Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
67
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.71B | 4.67B | 4.28B | 3.68B | 1.73B | 1.42B |
| Gross Profit | 2.01B | 1.67B | 2.02B | 1.79B | 967.00M | 822.70M |
| EBITDA | 1.47B | 1.48B | 1.23B | 1.03B | 417.20M | 357.70M |
| Net Income | 449.36M | 435.90M | 413.10M | 206.50M | 319.70M | 151.90M |
Balance Sheet | ||||||
| Total Assets | 12.41B | 12.12B | 11.81B | 12.04B | 2.86B | 3.59B |
| Cash, Cash Equivalents and Short-Term Investments | 860.01M | 693.54M | 533.90M | 576.20M | 494.30M | 326.11M |
| Total Debt | 4.25B | 5.50B | 4.56B | 4.77B | 759.80M | 1.87B |
| Total Liabilities | 6.30B | 6.06B | 6.09B | 6.53B | 1.57B | 2.52B |
| Stockholders Equity | 6.11B | 6.04B | 5.71B | 5.50B | 1.29B | 1.07B |
Cash Flow | ||||||
| Free Cash Flow | 792.67M | 731.79M | 727.60M | 447.74M | 430.80M | 302.60M |
| Operating Cash Flow | 1.05B | 995.32M | 886.97M | 679.34M | 461.82M | 312.25M |
| Investing Cash Flow | -530.47M | -562.58M | -287.12M | -3.16B | 75.03M | -210.47M |
| Financing Cash Flow | -398.20M | -469.48M | -614.22M | 2.72B | -1.22B | 944.77M |
RB Global Technical Analysis
Positive
142.84
Price Trends
140.10
Positive
143.68
Positive
144.98
Positive
Market Momentum
1.23
Negative
59.15
Neutral
75.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RBA, the sentiment is Positive. The current price of 142.84 is above the 20-day moving average (MA) of 142.81, above the 50-day MA of 140.10, and below the 200-day MA of 144.98, indicating a bullish trend. The MACD of 1.23 indicates Negative momentum. The RSI at 59.15 is Neutral, neither overbought nor oversold. The STOCH value of 75.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RBA.
RB Global Risk Analysis
RB Global disclosed 56 risk factors in its most recent earnings report. RB Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
RB Global Peers Comparison
UnderperformOutperform
Sector (63)
TSE:RBA
RB Global
146.67
4.13
2.90%
TSE:TRI
Thomson Reuters
119.54
-144.86
-54.79%
RB Global Corporate Events
Business Operations and StrategyM&A Transactions
RB Global to Buy BigIron in Push Into U.S. Agriculture
Positive
Mar 4, 2026
RB Global has agreed to acquire BigIron Auction Company, a scaled online marketplace for agricultural equipment, land, livestock and other farm and ranch assets, in a move that accelerates its strategic expansion into U.S. agriculture. BigIron, de...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.