RB Global (NYSE:RBA) Announces Quarterly Earnings Results

RB Global (NYSE:RBA) (TSE:RBA) released its earnings results on Tuesday. The business services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04, FiscalAI reports. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.21 billion. RB Global had a return on equity of 12.33% and a net margin of 9.55%.

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 Price Performance

Shares of NYSE:RBA traded down $15.90 during trading on Wednesday, hitting $95.16. 2,419,163 shares of the stock were exchanged, compared to its average volume of 1,268,206. The company has a fifty day moving average price of $110.08 and a two-hundred day moving average price of $106.56. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.40. The company has a market cap of $17.62 billion, a PE ratio of 44.26, a P/E/G ratio of 2.30 and a beta of 0.56. RB Global has a 12-month low of $93.58 and a 12-month high of $119.58.

RB Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Tuesday, August 25th will be paid a dividend of $0.33 per share. This is a positive change from RB Global’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $1.32 annualized dividend and a dividend yield of 1.4%. RB Global’s dividend payout ratio is presently 57.67%.

Insiders Place Their Bets

In other RB Global news, Director Deborah Stein purchased 425 shares of RB Global stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $103.15 per share, with a total value of $43,838.75. Following the completion of the acquisition, the director directly owned 1,825 shares of the company’s stock, valued at approximately $188,248.75. This trade represents a 30.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On RB Global

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in RB Global by 94.3% during the first quarter. AQR Capital Management LLC now owns 10,489 shares of the business services provider’s stock worth $1,031,000 after buying an additional 5,090 shares during the period. NewEdge Advisors LLC increased its stake in RB Global by 53.1% during the 1st quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock worth $59,000 after buying an additional 204 shares during the period. Jones Financial Companies Lllp raised its position in shares of RB Global by 857.9% in the 1st quarter. Jones Financial Companies Lllp now owns 3,736 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 3,346 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in RB Global by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 338,385 shares of the business services provider’s stock worth $33,940,000 after purchasing an additional 88,813 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in RB Global in the first quarter worth $4,103,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBA has been the topic of several recent research reports. Stephens restated an “equal weight” rating and issued a $96.00 price objective on shares of RB Global in a research report on Tuesday, May 5th. Barclays reduced their price target on RB Global from $124.00 to $121.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings raised shares of RB Global from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Raymond James Financial upgraded shares of RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, June 30th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, RB Global currently has an average rating of “Buy” and a consensus target price of $127.57.

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.