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The upgrade to Buy and a robust growth outlook increase investor confidence. Previous instances of similar upgrades have led to positive stock performance.
What happened, with direct paths to the underlying reporting
RBA's turnaround is bolstered by easing auto market headwinds and construction demand. Bank of America upgraded RBA to Buy, forecasting a price of $120. 2026 is projected as RBA's first 'clean year' since the IAA acquisition. Gross transaction value expected to rise to mid-single-digit growth in 2026. RBA's auto segment, 54% of GTV, is seen as a key growth driver.
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