RBA Stock Forecast & Price Target

RB Global has emerged as a prominent global marketplace, notably after the 2023 merger of Ritchie Bros. and IAA, which has allowed the company to diversify and enhance its service offerings in the commercial asset and vehicle sectors. The recent increase in gross transaction value (GTV), which grew by 2% year-over-year to reach $4.2 billion, alongside a steady service take rate rising by approximately 20 basis points year-over-year to 21.1%, reflects strong operational performance. Furthermore, the company’s anticipated growth is evidenced by an estimated EV/EBITDA multiple of 17.7x for 2026, indicating positive market sentiment driven by ongoing market share gains within IAA.

RB Global faces a negative outlook due to modestly lowered expectations for its second half of 2025, despite maintaining its year-over-year GTV growth guidance, which indicates potential headwinds. The company reported a 6% decline in GTV year-over-year to $1,523 million, with only a 1% decline in its heavy business when large one-time gains are excluded, suggesting underlying challenges in its core segments. Furthermore, anticipated supply challenges and potential decreases in demand for used equipment and salvage automobiles present significant risks to future performance and valuation.