RB Global (NYSE:RBA) reported an 11% increase in gross transaction value (GTV) for Q2 2026, totaling $4.7 billion, alongside a 6% rise in adjusted EBITDA. CEO Jim Kessler attributed these results to market-share gains in the automotive sector and strategic acquisitions, including BigIron, which the company acquired in May to enhance its presence in the U.S. agricultural market, estimated to be worth approximately $60 billion annually.
The automotive GTV grew by 13%, with unit volume up 11% and average selling prices rising about 2%. The company expanded its partnerships in the automotive insurance segment, enhancing operations across 30 states. Although service revenue increased by 5%, the service revenue take rate declined to 20% due to changes in business mix and new acquisitions.
RB Global raised its full-year GTV growth outlook to 9% to 11%, expecting around CAD 500 million in GTV from BigIron. The board approved a 6.5% dividend increase, raising it to CAD 0.33 per share. Additionally, RB Global repurchased approximately 1.4 million shares for CAD 150 million and aims to balance investments and shareholder returns moving forward.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
