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$16.1B
Market Cap
50.0
P/E
1.89
PEG
8.4%
ROCE
10.2%
ROE
0.64
D/E
15.5%
OPM
-27.5%
% from 52W High
18
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for RBA including FX impact
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📈 Price History
Ratio Health
Excellent
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By Category
📊 Sector Averages
About

RB Global, Inc. operates a marketplace that provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide.

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📈 Growth Pattern
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 226.8K $21.7M 0.03% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$1.32B
+11% YoY
Net Income
$143.6M
+31% YoY
Adjusted EBITDA
$387.2M
+6% YoY
Diluted Adjusted EPS
$1.13
+6% YoY
What Went Right
  • GTV grew 11% to $4.7B, with Automotive GTV up 13% on 11% unit volume growth and continued net market share gains.
  • Expanded largest automotive insurance partner to all 50 states across personal auto and commercial lines, integrating 30 states of incremental volume within 90 days.
  • Completed BigIron acquisition, positioning RB Global in the U.S. agriculture market; management raised FY2026 GTV growth outlook to 9%-11%.
What to Watch
  • Service revenue take rate fell 110 bps to 20.0%, driven by acquisition mix, lower-take-rate GSA volumes, and automotive pricing incentives.
  • Heavy equipment customer decision-making became more deliberate in Q2; HE&T transaction volumes declined excluding acquisition contributions.
  • Diesel fuel price increases from the Iran war were largely absorbed in Q2, and BigIron real estate volumes are lumpy with low single-digit take rates.
Management Guidance
  • FY2026 GTV growth raised to 9%-11% (prior 6%-9%).
  • FY2026 adjusted EBITDA expected at $1.495B-$1.545B, with adjusted EBITDA growth of approximately 8.6% at the midpoint.
  • BigIron expected to contribute approximately CAD 500M in GTV.
  • FY2026 capital expenditures expected to remain at $350-$400M.
Investor Lens
The thesis is stronger after this call: management raised full-year GTV guidance, delivered double-digit GTV growth, and is converting share wins into operating leverage. The BigIron acquisition expands the addressable market into U.S. agriculture, while automotive momentum reinforces confidence in 2026 net share gains. Watch the service revenue take-rate dilution and cautious heavy equipment customer sentiment, but adjusted EBITDA growing faster than service revenue suggests the model is scaling efficiently.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG GTV +11% to $4.7B, adjusted EPS +6%
Revenue
Total revenue increased 11% to $1.32B, with service revenue up 5% to $933.4M and inventory sales revenue up 28% to $383.7M. GTV growth was led by Automotive +13%, while heavy equipment & transportation GTV rose 8% on acquisition contributions.
Profitability
Net income rose 31% to $143.6M and diluted EPS increased 34% to $0.71; adjusted diluted EPS grew 6% to $1.13. Adjusted EBITDA increased 6% to $387.2M.
Margins
Service revenue take rate declined 110 bps to 20.0% due to mix from acquisitions and lower-take-rate channels. Inventory rate improved 180 bps to 5.9%, and adjusted EBITDA growth of 6% outpaced service revenue growth of 5%, reflecting operating leverage.
Balance Sheet
Cash position, debt, and free cash flow were not quantified on the call. Capital returns included repurchases of approximately 1.4 million shares for CAD 150 million and a quarterly dividend increase to CAD 0.33 per share.
Key Risks
Management flagged a slower, more deliberate heavy equipment customer environment and ongoing take-rate pressure from business mix. BigIron integration is still early, and fuel cost inflation from the Iran conflict was absorbed in Q2.
Outlook
Full-year 2026 GTV growth guidance was raised to 9%-11%, with adjusted EBITDA of $1.495B-$1.545B. Management reiterated a focus on volume-led growth and operating leverage, expecting adjusted EBITDA to grow faster than service revenue.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Q2 2026 saw 11% GTV and 6% adjusted EBITDA growth, driven by strong automotive and heavy equipment performance and the BigIron acquisition. The 2026 outlook was raised, with continued focus on volume-led growth, operating leverage, and disciplined capital allocation.
Q1 2026 Q1 2026 2026-05-04
Q1 2026 delivered double-digit adjusted EBITDA and GTV growth, with strong performance in both automotive and CC&T segments. Guidance for 2026 was raised, reflecting confidence in continued market share gains, operational efficiency, and successful M&A execution.
Q4 2025 Q4 2025 2026-02-17
Q4 saw 4% GTV growth and 10% adjusted EBITDA growth, with strong execution and cost discipline. 2026 guidance calls for 5%-8% GTV growth and 7% adjusted EBITDA growth, supported by new contracts, AI innovation, and international expansion.
Q3 2025 Q3 2025 2025-11-06
Adjusted EBITDA grew 16% on 7% higher GTV, with strong automotive and CC&T segment performance. Full-year 2025 GTV growth is now expected at 0–1%, and Adjusted EBITDA guidance was raised to $1.35–$1.38 billion, reflecting operational discipline and cost savings.
Q2 2025 Q2 2025 2025-08-06
Adjusted EBITDA grew 7% on a 2% GTV increase, with strong automotive performance and market share gains. Guidance for GTV is at the lower end, but EBITDA guidance is raised; a 7% dividend increase was announced. Macroeconomic uncertainty and CAT event unpredictability remain key risks.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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