$RBA

RB Global Seen Benefiting From Automation at IAA Salvage Yards, RBC Says

RB Global's (RBA) IAA salvage yard operations have more room to improve processing and vehicle cycle times through greater use of technology and automation, RBC Capital Markets said in a Tuesday note.A site tour of a 50-acre yard near Toronto provided insight into vehicle processing, inventory management, sales and dispatch, with cycle times across IAA operations declining about 20% since the IAA acquisition closed in March 2023, RBC said.Management noted AI and automation are being used to speed vehicle intake and dispatch, while improved initial vehicle imagery could potentially cut processing time by about 50%, according to the report.Longer term, RB Global sees potential to automate most dispatch processes over the next three to five years, while focusing on reducing storage and rental charges for insurance customers and improving yard capacity and efficiency, the report added.RBC reiterated its outperform rating on the stock with a price target of $152.Price: $83.37, Change: $+0.01, Percent Change: +0.01%

RB Global Upgraded to Strong Buy at Raymond James

RB Global (RBA.TO, RBA) was upgraded to Strong Buy from Outperform at Raymond James on Tuesday.Analyst Steve Hansen maintained a price target of $145 on shares of the auction company. The upgrade comes after "recent institutional meetings with management (Vancouver, London) and supplementary industry/data checks that further strengthen our investment thesis," Hansen said in a note to clients.

Raymond James Upgrades RB Global to Strong Buy From Outperform, Price Target is $145

Barclays Initiates RB Global at Overweight With CA$171.94 Price Target

RB Global (RBA) has an average rating of overweight and mean price target of CA$176.63, according to analysts polled by FactSet.

RBA Global Price Target Raised to US$150 at RBC

RBC Capital Markets raised its price target on RBA Global Inc. (RBA.TO, RBA) to US$150 from US$146.Analyst Sabahat Khan maintained an Outperform rating on shares of the global marketplace company following its quarterly results."RBA reported Q1 ahead of consensus (2026 guidance also taken higher), with results reflecting a 5th consecutive quarter of share gains for IAA, strong underlying cost control, and continued M&A activity, all of which we view positively," Khan said in a note to clients."That said, our investor discussions indicate that AI-related concerns have weighed on the shares recently, which we believe is unjustified given RBA's business model/competitive positioning/moat," the analyst said."At a 2026E P/E of 22.8x, we continue to see compelling value in the shares."

RB Global Rises After Q4 Beat; Raises 2026 GTV, EBITDA Outlook

RB Global (RBA.TO) was last seen up 2% in after-hours New York trading after the company on Monday said its first-quarter adjusted profit and revenue beat estimates.Adjusted net income, which excludes most one-time items, rose 17% to US$189.4 million, or US$1.01 per share, from US$165.2 million, or US$0.89. The consensus among analysts polled by FactSet expected US$1.00 per share.Revenue rose 11% year over year to US$1.23 billion, compared to US$1.11 billion in the prior year period, surpassing FactSet analysts estimates of US$1.16 billion. Services revenue stayed flat to US$78.9 million, while inventory sales revenue rose 32% to US$336.9 million, a statement said.For 2026, RB Global expects total gross transaction value growth of 6% to 9%, up from its prior outlook of 5% to 8%. Adjusted EBITDA is projected in the range of US$1.49 billion to US$1.55 billion, compared with earlier guidance of US$1.47 billion to US$1.53 billion."We delivered broad-based GTV growth across all our sectors, underscoring the strength of our growth strategy, the commitment of our teammates, and the value we deliver as trusted partners to our customers," said chief executive Jim Kessler, "our focus remains on what we can control ensuring that we consistently overdeliver on our commitments, particularly in this fluid macroeconomic environment."RB Global was last seen up US$0.13 to US$105.01 after hours. The shares closed up C$0.37 to C$143.09, on the Toronto Stock Exchange.

Stephens Initiates RB Global at Equalweight With CA$131.55 Price Target

RB Global (RBA) has an average rating of overweight and mean price target of CA$177.19, according to analysts polled by FactSet.