RBA Stock Forecast & Price Target

RB Global's stock outlook is bolstered by a notable increase in gross transactional value (GTV), which grew by 2% year-over-year to reach $4.2 billion, alongside higher service take rates, which improved by approximately 20 basis points to 21.1%. Additionally, lot volumes saw a robust growth of 9%, contributing to an overall 8% year-over-year increase in GTV to $2,162 million. The continued market share gains for IAA, combined with a projected 2026 EV/EBITDA multiple of approximately 17.7x, indicate a solid growth trajectory and strengthening market position for RB Global.

RB Global is facing a negative outlook due to its recent decline in gross transaction value (GTV), which dropped by 6% year-over-year to US$1,523 million, despite excluding exceptional one-time wins. Furthermore, the company's expectations for second half of 2025 have been modestly lowered, indicating a potential weakening in future performance despite maintaining the year-over-year growth guide. Lastly, there are concerns surrounding supply challenges across end markets and faltering demand for used equipment and salvage automobiles, which could lead to further downside risks.