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RB Global
(TSX:RBA)
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Rating:63Neutral
Price Target:
C$123.00
â–²(4.59% Upside)
Action:Reiterated
Date:08/06/26
The score is anchored by solid underlying financial performance and a constructive earnings update (raised guidance, ongoing growth and capital returns). These positives are tempered by clearly bearish technicals (below major moving averages with weak momentum) and a relatively expensive valuation (high P/E with only a modest dividend yield).
Positive Factors
Marketplace scale and growth
Broad double-digit GTV growth demonstrates sustained transaction activity across RB Global’s marketplace rather than reliance on one niche. Increasing volumes support fee generation, strengthen network liquidity for buyers and sellers, and reinforce the company’s position in commercial asset remarketing over the next several quarters.
Negative Factors
Meaningful leverage
Debt remains meaningful relative to equity even though leverage improved from 2025. Continued reliance on debt capital can reduce financial flexibility, particularly if growth slows or financing costs rise, and may constrain the funds available for acquisitions, investment, or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Marketplace scale and growth
Broad double-digit GTV growth demonstrates sustained transaction activity across RB Global’s marketplace rather than reliance on one niche. Increasing volumes support fee generation, strengthen network liquidity for buyers and sellers, and reinforce the company’s position in commercial asset remarketing over the next several quarters.
Read all positive factors
RB Global (RBA) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$21.40B
Dividend Yield1.51%
Average Volume (3M)452.59K
Price to Earnings (P/E)35.6
Beta (1Y)0.61
Revenue Growth8.61%
EPS Growth13.70%
CountryCA
Employees8,350
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)2.35
Shares Outstanding185,135,820
10 Day Avg. Volume442,585
30 Day Avg. Volume452,594
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$187.01Price Target Upside59.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)6.1
Revenue Forecast (FY)C$7.01B
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:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call conveyed a largely positive operational and financial picture: double-digit GTV growth (11%), strong automotive momentum (13% GTV growth, 11% unit growth), and adjusted EBITDA and EPS each up 6%. Management completed a strategic acquisition (BigIron) to expand into U.S. agriculture, raised 2026 guidance (GTV growth 9%–11%, adjusted EBITDA growth ~8.6%), and returned capital via a dividend increase and $150M buyback. Offsetting factors include a 110 bp decline in service revenue take rate, deliberate customer decision-making across some end markets, higher fuel costs, and near-term integration/take-rate pressure from BigIron and real estate volume lumpiness. Overall, the positives (growth, margin expansion, strategic M&A, capital returns, and raised outlook) outweigh the headwinds, though the company noted areas of near-term mix and cost pressure.Positive Updates
Strong Overall GTV Growth
Total gross transaction value (GTV) increased 11% year-over-year to $4.7 billion in Q2 2026, reflecting broad volume growth across segments.
Negative Updates
Decline in Service Revenue Take Rate
Service revenue take rate declined 110 basis points year-over-year to 20%, driven by changes in business and portfolio mix from acquisitions, growth in businesses with lower take rates (e.g., GSA), and volume-related price incentives in automotive.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Overall GTV Growth
Total gross transaction value (GTV) increased 11% year-over-year to $4.7 billion in Q2 2026, reflecting broad volume growth across segments.
Read all positive updates
Company Guidance
Management raised its 2026 outlook to GTV growth of 9–11% and adjusted EBITDA growth of ~8.6% at the midpoint, which incorporates an expected ~ $500 million of GTV from the BigIron acquisition; that guidance builds on Q2 results of $4.7 billion total GTV (+11% YoY), automotive GTV +13% (unit volumes +11%, average price/vehicle ~+2%, U.S. insurance ASP +4%), heavy equipment & transportation GTV +8% (7% ex-acquisitions), service revenue +5% with the service revenue take rate down 110 bps to 20%, adjusted EBITDA +6% and adjusted EPS +6%. Management emphasized 2026 as a year of volume-led growth with a priority to grow adjusted EBITDA faster than service revenue, and signaled continued capital returns (quarterly dividend increased $0.02 to $0.33/share, ~6.5% increase, and $150M of buybacks completed on a $500M authorization).RB Global Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.85B | 4.67B | 4.28B | 3.68B | 1.73B | 1.42B |
| Gross Profit | 2.04B | 1.67B | 2.02B | 1.79B | 967.00M | 822.70M |
| EBITDA | 1.41B | 1.39B | 1.23B | 1.03B | 417.20M | 357.70M |
| Net Income | 483.06M | 435.90M | 413.10M | 206.50M | 319.70M | 151.90M |
Balance Sheet | ||||||
| Total Assets | 12.49B | 12.12B | 11.81B | 12.04B | 2.86B | 3.59B |
| Cash, Cash Equivalents and Short-Term Investments | 524.90M | 693.54M | 533.90M | 576.20M | 494.30M | 326.11M |
| Total Debt | 4.52B | 5.50B | 4.56B | 4.77B | 759.80M | 1.87B |
| Total Liabilities | 6.44B | 6.06B | 6.09B | 6.53B | 1.57B | 2.52B |
| Stockholders Equity | 6.05B | 6.04B | 5.71B | 5.50B | 1.29B | 1.07B |
Cash Flow | ||||||
| Free Cash Flow | 582.61M | 731.79M | 727.60M | 447.74M | 430.80M | 302.60M |
| Operating Cash Flow | 857.88M | 995.32M | 886.97M | 679.34M | 461.82M | 312.25M |
| Investing Cash Flow | -848.03M | -562.58M | -287.12M | -3.16B | 75.03M | -210.47M |
| Financing Cash Flow | -206.53M | -469.48M | -614.22M | 2.72B | -1.22B | 944.77M |
RB Global Technical Analysis
Negative
117.60
Price Trends
140.59
Negative
142.79
Negative
142.44
Negative
Market Momentum
-6.91
Negative
31.94
Neutral
26.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RBA, the sentiment is Negative. The current price of 117.6 is below the 20-day moving average (MA) of 118.51, below the 50-day MA of 140.59, and below the 200-day MA of 142.44, indicating a bearish trend. The MACD of -6.91 indicates Negative momentum. The RSI at 31.94 is Neutral, neither overbought nor oversold. The STOCH value of 26.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
115.60
-41.98
-26.64%
TSE:TRI
Thomson Reuters
146.24
-83.70
-36.40%
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.