RBA Stock Forecast & Price Target

RB Global has emerged as a prominent global marketplace following the 2023 merger of Ritchie Bros. and IAA, which enhances its position in connecting buyers and sellers of commercial assets and vehicles. The company's financial performance has been bolstered by an impressive 2% year-over-year growth in gross transaction value (GTV) reaching $4.2 billion, alongside a steady service take rate increase to 21.1%. Additionally, GTV for Ritchie Bros. grew 8% year-over-year to $2,162 million with lot volumes rising by 9%, indicating strong demand and operational momentum within the combined entity.

RB Global’s outlook is negatively impacted by a decline in Gross Transaction Value (GTV), which fell 6% year-over-year to $1.523 billion, casting doubt on the sustainability of growth given the absence of major one-time wins in future quarters. Despite maintaining year-over-year growth expectations, the reduction in 2H/25 forecasts, alongside potential supply challenges and faltering demand within the used equipment and salvage automobile markets, underscores inherent risks to performance. As the company navigates its position as an omnichannel marketplace, the critical reliance on stable demand and supply conditions adds uncertainty to its financial trajectory.