RB Global (NYSE:RBA) Posts Earnings Results, Misses Expectations By $0.03 EPS

RB Global (NYSE:RBA) (TSE:RBA) issued its earnings results on Tuesday. The business services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.03), 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 Trading Down 0.8%

Shares of NYSE:RBA traded down $0.95 during trading on Tuesday, reaching $111.27. The stock had a trading volume of 2,287,378 shares, compared to its average volume of 913,895. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $20.60 billion, a P/E ratio of 33.10, a PEG ratio of 2.30 and a beta of 0.56. RB Global has a fifty-two week low of $93.58 and a fifty-two week high of $119.58. The business has a fifty day moving average price of $110.08 and a 200-day moving average price of $106.56.

RB Global Increases Dividend

The business 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 boost 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 dividend on an annualized basis and a dividend yield of 1.2%. RB Global’s dividend payout ratio is currently 57.67%.

Insider Buying and Selling

In related news, Director Deborah Stein acquired 425 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $103.15 per share, with a total value of $43,838.75. Following the acquisition, the director directly owned 1,825 shares in the company, valued at approximately $188,248.75. The trade was a 30.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RB Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in RB Global in the 2nd quarter worth approximately $46,000. Geneos Wealth Management Inc. boosted its position in RB Global by 21.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock valued at $54,000 after buying an additional 97 shares during the last quarter. NewEdge Advisors LLC boosted its stake in RB Global by 53.1% in the first quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock valued at $59,000 after acquiring an additional 204 shares during the last quarter. Sfam LLC acquired a new stake in RB Global during the 4th quarter worth $82,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in RB Global by 437.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 779 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 634 shares in the last quarter. Institutional investors and hedge funds own 95.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stephens restated an “equal weight” rating and set a $96.00 price objective on shares of RB Global in a research report on Tuesday, May 5th. Raymond James Financial raised shares of RB Global from an “outperform” rating to a “strong-buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, June 30th. Royal Bank Of Canada raised their target price on shares of RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. National Bank Financial raised their price objective on RB Global from $130.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded RB Global from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, RB Global has an average rating of “Buy” and a consensus price target of $127.57.

About RB Global

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.