RB Global, Inc. (RBA) Stock Price & How to Invest
Last updated July 2026
Short answer
RBA is RB Global, the parent of Ritchie Bros. and IAA, a marketplace operator that runs auctions for heavy equipment, trucks, agricultural assets and salvage vehicles and takes a fee on the value transacted. It is a toll-booth business on used-asset turnover rather than a bet on any single end market, so the things that move it are gross transaction value, the take rate on that value, and how much of the growth is bought rather than earned.
RBA stock price
As of 2026-08-25, RB Global, Inc. (RBA) last closed at $85.02, down 26.6% over the past year. Over the past 52 weeks it has traded between $82.11 and $119.14.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or RB Global, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does RB Global, Inc. (RBA) do?
RB Global (NYSE and TSX: RBA) operates commercial marketplaces where sellers list assets and buyers bid, mostly online. The heritage business is Ritchie Bros., the unreserved industrial auctioneer for excavators, dozers, cranes, trucks and trailers, joined by IronPlanet, Marketplace-E, Rouse, SmartEquip and Ritchie List. The other half arrived with the roughly $7.3 billion acquisition of IAA in March 2023, which added the salvage vehicle auction network that insurers use to dispose of total-loss cars. In March 2026 the company agreed to buy BigIron, an agriculture-focused online marketplace handling roughly $885 million of gross transaction value across farm equipment, land and livestock, and that deal has since closed. Starting in the second quarter of 2026 the company reports three sectors: Automotive, Heavy Equipment and Transportation (HE&T, which absorbed the former Commercial, Construction and Transportation sector), and Other.
The economics are marketplace economics. RB Global reports gross transaction value (GTV), the total proceeds of assets sold, and then earns service revenue from seller commissions, buyer fees and marketplace services on top of it. Service revenue divided by GTV is the take rate, and it is the single most watched operating number in the business because a percentage point there is worth far more than a percentage point of volume. A separate, lower-margin inventory sales line reflects lots the company buys outright and resells, which inflates revenue without behaving like fee income. In the second quarter of 2026 GTV rose 11% to about $4.67 billion and total revenue rose 11% to about $1.32 billion, but service revenue grew only 5% and the take rate fell 110 basis points to 20.0%. That split, headline growth ahead of fee growth, is the tension in the story: the marketplace is transacting more, and keeping a slightly smaller slice of it.
What's driving RB Global, Inc. (RBA)?
1. Automotive and the salvage flywheel
Automotive is now the larger sector by GTV, at roughly $2.45 billion in the second quarter of 2026, up 13% year over year with unit volumes up 11%. Management attributes that to net market share gains with insurance carriers plus a higher average price per vehicle sold. Salvage volume is structurally supported by rising total-loss frequency, because more expensive sensors, cameras and battery packs push more damaged cars past the economic repair threshold.
2. Heavy equipment supply and the replacement cycle
HE&T GTV rose 8% to about $2.08 billion in the second quarter, but the company said that growth came primarily from acquisitions and was partly offset by declines in transaction volumes tied to a more cautious customer environment. Industrial auction supply is cyclical: fleet owners list machines when they are replacing, refinancing or retrenching. A pickup in construction and transport activity, or in fleet turnover, is what would restore organic momentum here.
3. Agriculture and adjacent asset classes
The BigIron acquisition extends the marketplace into U.S. farm equipment, agricultural land and livestock, a fragmented pool that has historically transacted through regional auctioneers. It showed up in the Other sector, which grew 36% to about $147 million of GTV in the quarter. The strategic logic is the same one that motivated IAA: put a second, differently-cycled asset pool through the same bidding, logistics and payments infrastructure.
4. Capital return and deleveraging
The company repurchased and retired about 1.5 million shares for $150.0 million in the second quarter of 2026 and raised the quarterly dividend from $0.31 to $0.33 per share on July 21, 2026. Full-year 2026 guidance was lifted to 9% to 11% GTV growth with adjusted EBITDA of $1.495 billion to $1.545 billion. Free cash flow has been used across debt paydown from the IAA deal, buybacks and further acquisitions.
What are the risks to RB Global, Inc. (RBA)?
The clearest pressure point is the mix between bought growth and earned growth: excluding recent acquisitions, total GTV rose 7% in the second quarter of 2026 rather than 11%, and HE&T organic transaction volumes declined. The take rate fell 110 basis points to 20.0%, partly because acquired businesses carry lower take rates and partly because of automotive pricing incentives tied to higher volumes, so revenue quality can erode even as GTV grows. The balance sheet still carries roughly $4.7 billion of total debt against about $525 million of cash, a legacy of the IAA purchase, which limits flexibility if a cycle turns. Automotive volume depends on relationships with a concentrated set of insurance carriers, and losing or repricing a large contract would show up quickly. Finally, the market has been repricing the multiple itself: shares fell roughly 14% on August 5, 2026 despite raised guidance, and at roughly 41 times trailing earnings the stock leaves little room for a growth disappointment.
What is the RB Global, Inc. (RBA) forecast?
11 analysts publish price targets on RBA, averaging $127.91 against a $95.63 price as of August 2026, or +33.8%. The published targets run from $103.00 to $150.00, a moderate spread, and the ratings split 10 buy, 2 hold, 0 sell. Over the last six months there have been 2 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full RBA forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is RBA a buy or a sell?
We give no verdict on RB Global, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Automotive and the salvage flywheel. Automotive is now the larger sector by GTV, at roughly $2.45 billion in the second quarter of 2026, up 13% year over year with unit volumes up 11%. The most optimistic published target, $150.00, assumes this works close to its best case.
The case against. The clearest pressure point is the mix between bought growth and earned growth: excluding recent acquisitions, total GTV rose 7% in the second quarter of 2026 rather than 11%, and HE&T organic transaction volumes declined. The most pessimistic target, $103.00, is roughly what RBA is worth if this bites instead.
Read the full bull and bear case on RBA, including what would have to change to break either one. Walnut is not an investment adviser.
How is RB Global, Inc. (RBA) valued? (approximate, August 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see RB Global, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$4.85B
- Q2 2026 GTV: ~$4.67B, up ~11% y/y (take rate 20.0%, down ~110bps)
- Q2 2026 adjusted EBITDA: ~$387M, up ~6% y/y
- Q2 2026 EPS: ~$0.71 GAAP diluted, ~$1.13 adjusted
- Market cap / enterprise value: ~$17.7B / ~$22.0B
- Valuation and yield: ~41x trailing earnings, ~21x forward, ~19x EV/EBITDA, ~1.4% dividend yield
Full-year 2026 guidance was raised to 9% to 11% GTV growth and $1.495 billion to $1.545 billion of adjusted EBITDA, with capital expenditures of $350 million to $400 million and a 23% to 25% tax rate. The gap between the trailing multiple near 41 times and the forward multiple near 21 times reflects heavy amortization of acquired IAA intangibles running through GAAP earnings. Net debt of roughly $4.2 billion is the other number that matters, because it sets how much of the cash flow is committed before buybacks and dividends.
Which ETFs hold RB Global, Inc. (RBA)?
If you want RBA exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.
| ETF | Name | % in RBA | Expense ratio | |
|---|---|---|---|---|
| IJH | iShares Core S&P Mid-Cap ETF | ~0.7% | 0.05% |
Who competes with RB Global, Inc. (RBA)?
Vehicle and salvage auction platforms
Copart (CPRT) is the direct and larger competitor in salvage, with its own yard network and long insurer relationships, and it trades at a premium multiple on higher margins. OPENLANE (KAR) and ACV Auctions (ACVA) compete in wholesale used-vehicle lanes, and Cox Automotive's Manheim remains the private incumbent with reconditioning, logistics and dealer reach. The battleground is exclusive contracts with the largest U.S. insurers, where speed of pickup, catastrophe response and recovery value decide who gets the volume.
Heavy equipment and agriculture marketplaces
In industrial assets RB Global competes with Sandhills Global's listing properties (Machinery Trader, TractorHouse), regional auctioneers such as Alex Lyon & Son and Yoder & Frey, Euro Auctions internationally, and Purple Wave in online equipment sales. The BigIron deal pushes it into agriculture, where county-level auctioneers and dealer trade-in networks still handle a large share of turnover.
Disintermediation by sellers themselves
The quieter competitive threat is sellers routing around marketplaces entirely: equipment dealers reselling used inventory through their own channels, rental fleets like United Rentals and Herc selling ex-rental machines direct, insurers piloting alternative total-loss disposal, and general platforms such as eBay Motors absorbing the long tail. This pressure tends to show up in the take rate rather than in volume.
What stocks are similar to RB Global, Inc. (RBA)?
Other names that sit close to RBA: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in RB Global, Inc. (RBA)
There are three common ways to get RBA exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (IJH), which spreads the position across many companies. Or build it into a focused thematic portfolio, so RBA sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where RBA fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on RB Global, Inc. (RBA)
RB Global is a fee-taking marketplace with real scale in two very different asset pools, salvage cars and heavy equipment, and the live question in August 2026 is whether organic volume and take rate can hold up while acquisitions carry an increasing share of the growth.
More on RB Global, Inc. (RBA)
Whether RBA is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RBA a buy or a sell?, and where the stock could go from here in the RBA stock forecast.
For income investors, whether RBA pays a dividend and how the payout looks is covered in does RBA pay a dividend? And to weigh RBA against a peer, read the full side-by-side comparisons: RBA vs CPRT and RBA vs OPLN.
Wondering how RBA fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in RB Global, Inc. with AI
Connect the broker you already use and ask Walnut's AI how RBA fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What does RB Global actually do?
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It runs marketplaces where used commercial assets change hands. Ritchie Bros. and IronPlanet sell heavy equipment, trucks and agricultural machinery; IAA sells salvage and total-loss vehicles for insurance carriers. RB Global does not usually own most of what it sells, it charges seller commissions, buyer fees and service fees on the transaction value.
What is GTV and why does it matter more than revenue?
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Gross transaction value is the total proceeds of assets sold across the marketplaces, about $4.67 billion in the second quarter of 2026. Reported revenue mixes fee income with lower-margin inventory sales, so GTV multiplied by the take rate is the cleaner read on the fee engine. Service revenue was about $933 million on that GTV, a 20.0% take rate.
How does RB Global compare with Copart?
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Copart is the larger and more profitable pure-play salvage operator, with a land-heavy yard model and consistently higher margins, and it typically carries a higher valuation multiple. RB Global is the more diversified business, roughly split between Automotive and heavy equipment and transportation, which gives it a second cycle to lean on but also a lower blended margin and a balance sheet still carrying IAA acquisition debt.
Does RBA pay a dividend?
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Yes. The quarterly cash dividend was increased from $0.31 to $0.33 per common share on July 21, 2026, which works out to a yield near 1.4% at the early-August 2026 share price. The company also repurchased and retired about 1.5 million shares for $150.0 million during the second quarter of 2026.
How cyclical is this business?
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The two halves behave differently. Salvage volume tracks total-loss frequency and miles driven, which is relatively steady and has trended up as repair costs rise. Heavy equipment volume tracks construction, transport and fleet replacement activity, which is genuinely cyclical, and the second quarter of 2026 showed organic transaction volumes declining there on what management described as a more cautious customer environment.
Is RBA a U.S. or Canadian company?
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RB Global is incorporated with roots in Canada and stays dual-listed on the NYSE and the TSX under RBA, but it is headquartered in Westchester, Illinois and reports in U.S. dollars. Canadian investors often see the TSX line quoted in Canadian dollars, which is why percentage moves match across the two listings while the price levels do not.
What would change the picture from here?
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Three things carry most of the signal: whether the take rate stabilizes near 20% or keeps sliding as acquired businesses dilute it, whether HE&T organic volumes turn positive rather than leaning on acquisitions, and whether Automotive keeps taking share with insurance carriers. Progress on paying down the roughly $4.7 billion of total debt would also loosen the constraint on capital returns and further deals.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with RB Global, Inc.'s investor relations page or your broker before making investment decisions.