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RB Global (TSE:RBA)
TSX:RBA
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RB Global (RBA) AI Stock Analysis

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TSE:RBA

RB Global

(TSX:RBA)

Rating:73Outperform
Price Target:
C$177.00
▲(10.47% Upside)
RB Global's stock score is driven by strong technical analysis and solid financial performance. The company's strategic expansions and positive momentum in the automotive sector contribute positively. However, the high P/E ratio suggests potential overvaluation, and challenges in certain sectors could impact future growth.
Positive Factors
Acquisitions
RBA completed the acquisition of J.M. Wood Auction Co., adding a strategic enhancement to RBA’s footprint in Alabama and the broader southeast U.S.
Automotive Segment
The Automotive segment continued its solid momentum outpacing the overall market and achieving solid gains in market share with unit volumes increasing by 9% YOY.
Partnerships
RB announced it has been selected as the sole salvage partner of Direct Line Group in the UK, adding to its growing presence.
Negative Factors
CC&T Segment Performance
GTV in the CC&T segment decreased by 5.6% to $1.5 billion driven by lower lot volumes as customers are holding onto their used equipment.
Economic Uncertainty
In the CC&T end markets, RBA’s customers and enterprise partners continue to exercise caution amid ongoing economic uncertainty.
Tariffs and Steel Prices
There is uncertainty on how tariffs ultimately impact the total loss ratio, with steel prices influencing market dynamics.

RB Global (RBA) vs. iShares MSCI Canada ETF (EWC)

RB Global Business Overview & Revenue Model

Company DescriptionRB 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; Xcira that provides live simulcast auction technologies; and Veritread, an online marketplace for heavy haul transport solution. The company serves customers across various asset classes, including automotive, commercial transportation, construction, government surplus, lifting and material handling, energy, mining, and agriculture. RB Global, Inc. was founded in 1958 and is headquartered in Westchester, Illinois.
How the Company Makes MoneyRB Global generates revenue primarily through auction fees charged to sellers and buyers during the auction process. The company earns a commission on each sale, which is a percentage of the final sale price of the vehicles or equipment. Additionally, RB Global offers subscription services for dealers and businesses that provide access to premium features and enhanced visibility in auctions. Revenue also comes from ancillary services such as vehicle transportation, reconditioning, and financing solutions. Strategic partnerships with automotive manufacturers and financial institutions further bolster its revenue streams, allowing for the integration of services and increased market reach.

RB Global Earnings Call Summary

Earnings Call Date:Aug 06, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 07, 2025
Earnings Call Sentiment Neutral
The earnings call presented a balanced perspective with several achievements in the automotive sector and strategic expansions, offset by challenges in the commercial construction and transportation sector, and financial impacts from a joint venture and previous year's bankruptcy-related benefits.
Q2-2025 Updates
Positive Updates
Automotive Sector Growth
Unit volume increased by 9% year-over-year, and U.S. insurance average selling prices increased approximately 1% year-over-year.
Strategic Expansion and Partnerships
RB Global welcomed 2 new alliance partners, extended their global footprint, and announced a new joint venture in the U.K. with LKQ Corporation.
J.M. Wood Acquisition
Successfully closed the acquisition of J.M. Wood, enhancing the footprint in Alabama and the broader Southeast United States.
Service Revenue and EBITDA Increase
Service revenue increased 3%, and adjusted EBITDA increased 7% on GTV growth and expansion in the service revenue take rate.
Increased Quarterly Dividend
Increased quarterly dividend approximately 7% to $0.31 per quarter from $0.29 per quarter.
Negative Updates
Decline in Commercial Construction and Transportation Sector
GTV in the commercial construction and transportation sector decreased by 6%, driven by an 18% decline in lot volumes.
Impact of Yellow Corporation Bankruptcy
The prior year's performance benefited significantly from the Yellow Corporation bankruptcy, affecting current year comparisons.
Onetime Loss Due to Joint Venture
A onetime loss on deconsolidation of $15.5 million and an additional charge of $4.2 million were incurred, totaling a loss of $19.7 million.
Guidance at Lower End of Range
GTV growth is expected to be at the lower end of the guidance range.
Company Guidance
During the RB Global Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and guidance updates. The company reported a 2% increase in total gross transactional value (GTV) and a significant 7% rise in adjusted EBITDA. The automotive sector saw an 8% increase in GTV, supported by a 9% rise in unit volumes, while U.S. insurance average selling prices (ASP) increased by 1% year-over-year. The commercial construction and transportation sector experienced a 6% decline in GTV, primarily due to an 18% drop in lot volumes. However, the average price per lot sold increased, driven by an improved asset mix. The service revenue increased by 3%, with a service revenue take rate rising by approximately 20 basis points to 21.1%. Looking ahead, RB Global revised its adjusted EBITDA guidance to a range of $1.34 billion to $1.37 billion and raised its quarterly dividend by 7% to $0.31 per share. The company remains cautiously optimistic about the second half of the year, despite macroeconomic uncertainties, and is not factoring in contributions from cat-related GTV due to the unpredictability of extreme weather events.

RB Global Financial Statement Overview

Summary
RB Global exhibits strong financial performance with consistent revenue growth, solid profitability margins, and effective cash flow management. The income statement shows robust revenue and profit margins, while the balance sheet is stable despite a high debt level. Cash flow generation is efficient, supporting the company's growth trajectory.
Income Statement
85
Very Positive
RB Global has demonstrated strong revenue growth, with a remarkable increase from $1.73 billion in 2022 to $4.33 billion in TTM (Trailing-Twelve-Months) 2025. The gross profit margin remains robust at 46.2% TTM. Net profit margin improved to 9.7% TTM, indicating enhanced profitability. EBIT and EBITDA margins are solid at 17.4% and 31.9% TTM respectively. The consistent revenue growth trajectory and healthy margins reflect a sound income statement performance.
Balance Sheet
78
Positive
The balance sheet is stable with a debt-to-equity ratio of 0.74 TTM, indicating a balanced leverage position. The equity ratio is healthy at 48.5% TTM, providing a strong equity base. ROE has improved to 7.3% TTM, showcasing effective use of equity to generate profits. However, a high total debt level at $4.25 billion TTM could pose risks if not managed prudently.
Cash Flow
82
Very Positive
The cash flow statement is strong, with operating cash flow to net income ratio at 2.3 TTM, illustrating efficient cash generation from operations. Free cash flow has grown consistently, with a growth rate of 247% from 2023 to TTM 2025. The free cash flow to net income ratio is high at 1.6 TTM, indicating robust free cash flow generation relative to net income.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue4.42B4.28B3.68B1.73B1.42B1.38B
Gross Profit2.02B2.00B1.78B957.11M822.19M761.67M
EBITDA1.37B1.38B958.30M444.61M343.00M358.62M
Net Income417.80M413.10M206.50M319.70M119.14M170.09M
Balance Sheet
Total Assets12.16B11.81B12.04B2.86B3.59B2.35B
Cash, Cash Equivalents and Short-Term Investments710.20M533.90M576.20M494.32M326.11M278.77M
Total Debt4.25B4.29B4.64B610.62M1.74B665.79M
Total Liabilities6.21B6.09B6.53B1.57B2.52B1.34B
Stockholders Equity5.93B5.71B5.50B1.29B1.07B1.01B
Cash Flow
Free Cash Flow606.10M655.10M197.80M391.12M274.10M214.74M
Operating Cash Flow953.20M932.00M544.00M463.06M317.59M257.87M
Investing Cash Flow-397.80M-301.60M-3.11B77.33M-214.07M-276.72M
Financing Cash Flow-454.00M-645.50M2.68B-1.26B960.91M-111.46M

RB Global Technical Analysis

Technical Analysis Sentiment
Positive
Last Price160.22
Price Trends
50DMA
150.33
Positive
100DMA
145.69
Positive
200DMA
140.34
Positive
Market Momentum
MACD
3.12
Positive
RSI
63.41
Neutral
STOCH
42.39
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 160.22 is above the 20-day moving average (MA) of 156.76, above the 50-day MA of 150.33, and above the 200-day MA of 140.34, indicating a bullish trend. The MACD of 3.12 indicates Positive momentum. The RSI at 63.41 is Neutral, neither overbought nor oversold. The STOCH value of 42.39 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

Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
C$1.68B9.469.65%9.40%-2.58%100.21%
73
Outperform
$29.74B56.317.88%1.01%7.80%17.65%
64
Neutral
$10.95B16.378.81%1.96%2.68%-15.33%
$78.87B48.7413.26%1.33%
68
Neutral
C$1.68B9.389.65%9.45%-2.58%100.21%
63
Neutral
C$631.69M18.017.32%-0.87%117.78%
62
Neutral
C$542.46M13,697.30-0.21%2.17%1.44%-103.80%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:RBA
RB Global
159.55
45.54
39.95%
TRI
Thomson Reuters
174.88
7.58
4.53%
TSE:CGY
Calian Group
51.66
8.12
18.65%
TSE:GDI
GDI Integrated
27.11
-8.03
-22.85%
TSE:TCL.A
Transcontinental
20.12
5.14
34.31%
TSE:TCL.B
Transcontinental Inc. Class B
20.21
5.10
33.75%

RB Global Corporate Events

M&A TransactionsBusiness Operations and Strategy
RB Global Completes Strategic Acquisition of J.M. Wood Auction Co.
Positive
Jul 14, 2025

RB Global, Inc.’s subsidiary, Ritchie Bros. Auctioneers, has completed the acquisition of J.M. Wood Auction Co., enhancing its service offerings in Alabama and nearby states. This strategic move combines J.M. Wood’s regional expertise and customer relationships with Ritchie Bros.’ global network and technology, aiming to create more opportunities and value for customers while maintaining J.M. Wood’s operational independence and legacy.

The most recent analyst rating on (TSE:RBA) stock is a Buy with a C$98.00 price target. To see the full list of analyst forecasts on RB Global stock, see the TSE:RBA Stock Forecast page.

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.Date of analysis: Aug 20, 2025