RBA Stock Forecast & Price Target

RB Global has positioned itself as a prominent global marketplace for commercial assets and vehicles following its 2023 merger of Ritchie Bros. and IAA. The company has reported significant financial growth, highlighted by a year-over-year increase in gross transaction value (GTV) of 2% to $4.2 billion, alongside a rise in service take rates to 21.1%. Additionally, GTV from Ritchie Bros. grew 8% year-over-year to $2.16 billion, with lot volumes increasing by 9%, indicating robust demand and operational efficiency within the merged entity.

RB Global's stock faces a negative outlook due to a projected decrease in gross transactional volume (GTV) growth expectations for the second half of 2025, indicating potential market weakness. Despite the year-over-year growth guidance remaining intact, the company's GTV declined by 6% year-over-year to $1,523 million, with only a marginal decline of 1% in its heavy business when excluding significant one-time transactions. Additionally, there are concerns regarding supply challenges in its end markets and a possible decline in demand for used equipment and salvage automobiles, suggesting further downside risk for the stock.