RB Global (NYSE:RBA) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

RB Global (NYSE:RBA) (TSE:RBA) announced its earnings results on Tuesday. The business services provider reported $1.13 earnings per share 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 analyst estimates of $1.21 billion. RB Global had a net margin of 9.55% and a return on equity of 12.33%.

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%

NYSE:RBA traded down $0.95 during mid-day trading on Tuesday, reaching $111.27. The company’s stock had a trading volume of 2,287,378 shares, compared to its average volume of 1,264,970. The company’s fifty day simple moving average is $109.97 and its two-hundred day simple moving average is $106.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.14 and a quick ratio of 1.07. RB Global has a twelve month low of $93.58 and a twelve month high of $119.58. The stock has a market cap of $20.60 billion, a P/E ratio of 51.75, a P/E/G ratio of 2.24 and a beta of 0.56.

RB Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Tuesday, August 25th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. This is a positive change from RB Global’s previous quarterly dividend of $0.31. RB Global’s dividend payout ratio is 57.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RBA shares. Wall Street Zen downgraded shares of RB Global from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. National Bank Financial upped their price objective on shares of RB Global from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Stephens reissued an “equal weight” rating and set a $96.00 price objective on shares of RB Global in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of RB Global from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Finally, Royal Bank Of Canada lifted their target price on shares of RB Global from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, RB Global has an average rating of “Buy” and an average target price of $127.57.

Insider Activity at RB Global

In related news, Director Deborah Stein acquired 425 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $103.15 per share, with a total value of $43,838.75. Following the purchase, the director directly owned 1,825 shares in the company, valued at $188,248.75. The trade was a 30.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RB Global

Hedge funds have recently modified their holdings of the stock. State of Wyoming purchased a new stake in RB Global in the second quarter valued at approximately $46,000. Geneos Wealth Management Inc. raised its stake in RB Global by 21.9% during the first quarter. Geneos Wealth Management Inc. now owns 540 shares of the business services provider’s stock worth $54,000 after purchasing an additional 97 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of RB Global by 53.1% in the 1st quarter. NewEdge Advisors LLC now owns 588 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 204 shares during the last quarter. Sfam LLC acquired a new position in shares of RB Global in the 4th quarter valued at $82,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of 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 purchasing an additional 634 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.

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.