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RB Global
(NYSE:RBA)
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Rating:69Neutral
Price Target:
C$171.00
â–²(19.71% 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
Strong GTV and organic growth
Sustained volume expansion across core verticals (GTV +13%, organic ~+9%) signals durable marketplace demand and network effects. Higher transaction flow supports repeat seller programs, drives fee revenue scale, and underpins long-term cash generation independent of short-term pricing cycles.
Negative Factors
Take-rate pressure from mix shifts
A sustained decline in take rates—partly optical but also tied to expansion into lower‑percentage sectors and acquisitions—can structurally lower per‑transaction revenue margins. Over time, a lower average take rate requires higher volume growth to sustain revenue and margin dollars.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong GTV and organic growth
Sustained volume expansion across core verticals (GTV +13%, organic ~+9%) signals durable marketplace demand and network effects. Higher transaction flow supports repeat seller programs, drives fee revenue scale, and underpins long-term cash generation independent of short-term pricing cycles.
Read all positive factors
RB Global (RBA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$29.60B
Dividend Yield1.16%
Average Volume (3M)226.70K
Price to Earnings (P/E)51.9
Beta (1Y)0.85
Revenue Growth8.18%
EPS Growth5.06%
CountryCA
Employees8,133
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)2.18
Shares Outstanding186,300,000
10 Day Avg. Volume244,806
30 Day Avg. Volume226,702
Financial Highlights & Ratios
PEG Ratio16.66
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$190.79Price Target Upside33.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)6.18
Revenue Forecast (FY)C$6.81B
RB Global Business Overview & Revenue Model
Company Description
RB Global, Inc. operates a marketplace that provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. The company’s marketplace brands include Ritchie Bros., an auctioneer of commerc...
How the Company Makes Money
RB Global primarily makes money by facilitating the sale of used commercial assets and vehicles and charging transaction-based and service fees to sellers and buyers. Key revenue streams typically include: (1) Seller-side fees and commissions for ...
RB Global Earnings Call Summary
Earnings Call Date:May 04, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 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 | 1.33B | 1.39B | 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
150.23
Positive
144.17
Positive
144.39
Positive
Market Momentum
1.45
Positive
51.87
Neutral
18.14
Positive
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 below the 20-day moving average (MA) of 158.28, below the 50-day MA of 150.23, and below the 200-day MA of 144.39, indicating a neutral trend. The MACD of 1.45 indicates Positive momentum. The RSI at 51.87 is Neutral, neither overbought nor oversold. The STOCH value of 18.14 is Positive, 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
158.89
9.59
6.42%
TSE:TRI
Thomson Reuters
138.73
-141.98
-50.58%
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.