RB Global posted earnings of 93 cents per share, exceeding estimates. Quarterly sales reached $1.093 billion, beating the forecast. CEO emphasized broad-based growth across sectors and new operating model. Stock price increased 3.9% following the earnings report. Analysts adjusted price targets, with varied outlooks on the stock.
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.