RBA Stock Forecast & Price Target

RB Global has emerged as a dominant global marketplace for commercial assets and vehicles following its 2023 merger of Ritchie Bros. and IAA, enhancing its competitive position in the market. The financial performance highlights significant growth, with gross transaction value (GTV) increasing by 2% year-over-year to $4.2 billion and service take rates rising by approximately 20 basis points to 21.1%. Additionally, the continued market share gains of IAA, alongside an elevated 2026 estimated EV/EBITDA multiple of approximately 17.7x, underscores a positive financial outlook for the company.

RB Global's stock outlook is hampered by a declining Gross Transaction Value (GTV), which fell by 6% year-over-year to $1,523 million, although the core heavy business showed a smaller decline of just 1% when adjusted for significant one-time events. Furthermore, there are concerns regarding supply challenges in their end markets and potential faltering demand for used equipment and salvage automobiles, which could adversely affect financial performance. The lowered expectations for the second half of 2025, despite maintaining the year-over-year GTV growth guide, underscore the underlying challenges facing the company.