RBA Stock Forecast & Price Target

RB Global has demonstrated a robust financial performance, highlighting a 2% year-over-year growth in gross transaction value (GTV) to $4.2 billion, alongside a 20 basis point increase in service take rates to 21.1%. The company's successful integration of Ritchie Bros. and IAA has allowed for notable market share gains in both the commercial and salvage auction segments, further supported by an overall GTV increase of 8% year-over-year, with lot volumes rising by 9%. Overall, RB Global's diverse revenue streams and the expanding international presence, predominantly in North America, position the company favorably for continued growth in the marketplace.

RB Global's stock outlook appears negative primarily due to a decline in gross transaction value (GTV), which fell 6% year-over-year to $1,523 million, despite the exclusion of significant one-time wins that masked a smaller decline of only 1% in the heavy business segment. Additionally, expectations for GTV growth in the second half of 2025 have been modestly lowered, indicating potential challenges ahead. There are concerns about supply issues and faltering demand for used equipment and salvage automobiles, which could further pressure the company's financial performance.