RB Global (NYSE:RBA) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

RB Global (NYSE:RBA) (TSE:RBA) issued its quarterly earnings data on Monday. The business services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04, FiscalAI reports. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.16 billion. RB Global had a return on equity of 13.97% and a net margin of 10.29%.

Here are the key takeaways from RB Global’s conference call:

• Broad-based growth led RB Global to raise its 2026 outlook. Third-quarter GTV rose 20% year over year (about 14% organically), service revenue increased 10%, and adjusted EBITDA grew 13%; the company now expects 14%–15% GTV growth and adjusted EBITDA growth of 9.7% at the midpoint.
• The service revenue take rate declined 186 basis points to 19.8%, reflecting a mix shift toward lower-rate GSA, acquired and real estate transactions, as well as modest declines in core areas. Management expects the take rate to be broadly consistent in Q4 and said adjusted EBITDA growth continued to outpace service revenue growth.
• One Marketplace initiatives are beginning to reach customers. RB Global introduced Buy Now and Make Offer options on rbauction.com, aiming to combine auction, fixed-price and negotiated transactions and broaden access to buyers and inventory.
• The company repurchased and retired about 3.9 million shares for $350 million in Q3, bringing year-to-date repurchases to $500 million. Leverage ended the quarter at 1.8 times adjusted net debt to adjusted EBITDA.
• Automotive GTV rose 18%, supported by higher unit volumes and an approximately 8% increase in average selling prices, while management estimated total-loss frequency was roughly flat year over year. It cited improving insurance affordability indicators as a possible future tailwind, but did not report a measurable pickup in assignments.

RB Global Stock Performance

Shares of RB Global stock opened at $95.17 on Wednesday. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 1.64 and a beta of 0.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.31 and a quick ratio of 1.22. The business has a 50-day moving average of $85.16 and a 200 day moving average of $99.21. RB Global has a 12 month low of $78.05 and a 12 month high of $119.33.

RB Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Wednesday, November 25th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, November 25th. RB Global’s dividend payout ratio (DPR) is 56.65%.

Insider Transactions at RB Global

In related news, Director Deborah Stein acquired 500 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average price of $80.91 per share, with a total value of $40,455.00. Following the completion of the transaction, the director owned 2,325 shares of the company’s stock, valued at $188,115.75. The trade was a 27.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Chloe Harford acquired 1,200 shares of RB Global stock in a transaction dated Monday, August 24th. The stock was bought at an average price of $83.74 per share, for a total transaction of $100,488.00. Following the completion of the purchase, the director owned 1,200 shares of the company’s stock, valued at approximately $100,488. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.57% of the stock is owned by corporate insiders.

RB Global declared that its Board of Directors has approved a share repurchase plan on Tuesday, September 15th that permits the company to repurchase $500 million in shares. This buyback authorization permits the business services provider to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

RBA has been the topic of several recent analyst reports. National Bank Financial upped their price target on RB Global from $130.00 to $132.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Zacks Research cut RB Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Weiss Ratings downgraded RB Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of RB Global in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada reduced their price target on shares of RB Global from $152.00 to $134.00 and set an “outperform” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.33.

About RB Global

RB Global operates a global marketplace for commercial assets and vehicles, connecting sellers with buyers through live auctions, online platforms and other sales channels. Its offerings include asset marketing and disposition services, along with support such as inspections and transaction services. The company serves businesses, governments and other organizations across industries including construction, transportation, agriculture, mining and energy. Through its IAA business, it also facilitates sales of salvage and used vehicles to buyers such as licensed dealers and vehicle rebuilders.