RB Global
About: RB Global has evolved into a leading global marketplace that connects buyers and sellers of commercial assets and vehicles. It is the result of the 2023 combination of Ritchie Bros. and IAA. Ritchie Bros.' roots were as an auctioneer facilitating transactions of commercial, construction, and transportation equipment (excavators, bulldozers, forklifts, and commercial trucks and trailers). However, it has evolved into an omnichannel marketplace. IAA has similar roots, though primarily focused on the salvage auction segment for consumer automobiles. The group provides ancillary services including title processing, transportation/towing, financing, data and appraisal, and so on. Its activities are international, though skewing approximately two-thirds to North America.
Employees: 7,900
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
72% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 36
47% more call options, than puts
Call options by funds: $27.7M | Put options by funds: $18.9M
8% more capital invested
Capital invested by funds: $17.1B [Q1] → $18.5B (+$1.37B) [Q2]
4% more funds holding
Funds holding: 483 [Q1] → 501 (+18) [Q2]
1.86% more ownership
Funds ownership: 92.1% [Q1] → 93.96% (+1.86%) [Q2]
5% more repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 175
15% less funds holding in top 10
Funds holding in top 10: 20 [Q1] → 17 (-3) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
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RBC Capital
Sabahat Khan
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$132
|
Outperform
Maintained
|
7 Aug 2025 |
|
BMO Capital
John Gibson
|
$130
|
Outperform
Maintained
|
7 Aug 2025 |
|
CIBC
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$121
|
Outperformer
Maintained
|
18 Jul 2025 |
Financial journalist opinion
Based on 3 articles about RBA published over the past 30 days
