Carlson Christopher sold $17K of RBA

RB Global (RBA) reported Q2 earnings with net income up 33% YoY to $132M, EPS up 34% to $0.71, and revenue up 11% to $1.3B. Automotive segment drove GTV growth of 13%. Acquisitions boosted growth, but organic GTV growth was 7%. Service revenue take rate fell 110 bps to 20.0%. Management raised full-year guidance and increased the dividend. Hedge fund ownership declined, and short interest is high at 10.54% of float.

RB Global (NYSE: RBA, TSX: RBA) increased its share repurchase program to $1 billion from $500 million, approved by the TSX. The company has already repurchased 5,363,497 shares at an average price of $93.22. The program will run until March 17, 2027, or earlier if completed or discontinued.

Barclays named RB Global Inc (RBA) its top U.S. auto retail pick, citing an attractive valuation at 12.7x EV/EBITDA, market share gains, and cyclical improvements in its Heavy Equipment & Transportation segment. RBA reported Q2 2026 revenue of $1.32B, beating estimates, with 11% gross transaction value growth. Barclays expects RBA to gain market share from Copart Inc (CPRT) in the salvage vehicle auction market.

RB Global reported Q2 2026 results on an earnings call. Gross Transaction Value rose 11% to $4.7B, total revenue rose 11% to $1.3B, and non-GAAP diluted EPS rose 6% to $1.13. Adjusted EBITDA increased 6% to $387.2M. The company raised 2026 GTV guidance to 9% to 11% and adjusted EBITDA guidance to $1.495B to $1.545B, citing growth and BigIron integration.

RB Global (NYSE:RBA) reported Q2 call highlights on integration of BigIron and segment performance. Management said BigIron’s financial impact will be reflected later in the year. Automotive GTV rose 13% and heavy equipment/transportation GTV rose 8%. Service revenue grew 5% with take rate down 110 bps to 20%. Full-year 2026 GTV guidance raised to 9% to 11%, with adjusted EBITDA growth ~8.6% midpoint; dividend increased and CAD 150M buyback reported.

RB Global, Inc. (RBA, RBA.TO) reported higher second-quarter net income, attributing the increase to higher revenue. The company also raised its FY2026 guidance, lifting the expected growth outlook to 9% to 11% for GTV, with BigIron adding about $500 million in GTV, according to the report.