RB Global Ord Shs Stock Price, News & Analysis

RB Global (NYSE:RBA) announced that its IAA division has established a new Market Alliance with CarGo Logistic Azerbaijan. Through this strategic partnership, CarGo Logistic Azerbaijan will operate an IAA Auction Center, providing local services to buyers interested in purchasing vehicles through IAA's bidding platform.

The alliance aims to expand IAA's presence in the Caucasus region by enabling Azerbaijani buyers to access U.S. vehicle inventory more efficiently while receiving local support. The partnership combines IAA's auction platform with CarGo's on-ground assistance to deliver a comprehensive vehicle importing experience for regional buyers.

RB Global (NYSE:RBA) has scheduled its second quarter 2025 earnings release and conference call for August 6, 2025. The company will release its financial results after market close, followed by a conference call at 4:30 p.m. Eastern time.

Analysts and institutional investors can pre-register for the conference call through a dedicated registration link. The earnings call will also be accessible via live audio webcast, with an archived replay available through the Events & Presentations section of RB Global's investor relations website.

RB Global (NYSE:RBA) announced that its subsidiary IAA has established a new Market Alliance with Moto Leader Group (MLG) International in Panama. MLG International will operate an IAA Auction Center, providing local services to buyers interested in IAA's vehicle inventory.

The strategic partnership aims to strengthen IAA's customer base in Central America and enhance access to its vehicle inventory for buyers both regionally and globally. The collaboration leverages MLG International's expertise in the vehicle import market to improve the buying experience for customers in Panama and neighboring countries.

RB Global (NYSE: RBA) has received early termination of the Hart-Scott-Rodino waiting period from the U.S. Federal Trade Commission on May 22, 2025, marking a significant milestone in its pending acquisition of JM Wood Auction Co., Inc. through its subsidiary Ritchie Bros Auctioneers (America). This regulatory clearance satisfies a key condition for the acquisition's completion, which is anticipated to close in the second or early third quarter of 2025. The transaction remains subject to other customary closing conditions.

Ritchie Bros. Auctioneers, a division of RB Global (NYSE: RBA), successfully completed a major five-day auction event in Edmonton, generating CA$224+ million in gross transaction value. The auction featured over 11,000 equipment items, trucks, and vehicles, attracting more than 18,000 bidders from 50+ countries.

Canadian buyers dominated the event, purchasing 94% of the equipment, with Albertans accounting for 62% of sales. The remaining 6% went to international buyers from countries including Saudi Arabia, Egypt, Peru, and the Netherlands. The event also raised over $66,000 for charity, including contributions to the Make-A-Wish Foundation and the Leduc and District Food Bank.

RB Global (NYSE & TSX: RBA) reported mixed Q1 2025 financial results. Total revenue increased 4% YoY to $1.1 billion, while GTV decreased 6% to $3.8 billion. The company's net income grew 5% to $113.3 million, with diluted EPS rising 4% to $0.55. Service revenue remained flat at $852.5 million, while inventory sales revenue jumped 19% to $256.1 million. The automotive sector showed growth with a 2% GTV increase, while commercial construction and transportation declined 18%. The company maintained its 2025 outlook with GTV growth of 0-3% and Adjusted EBITDA of $1,320-1,380 million. RB Global declared a quarterly dividend of $0.29 per share and announced plans to acquire J.M. Wood Auction for approximately $235 million. The company also amended its credit agreement, increasing revolving facilities to $1.3 billion and extending maturity to April 2030.

RB Global (NYSE and TSX: RBA) held its Annual and Special Meeting of Shareholders on May 5, 2025. The meeting saw strong shareholder participation with 171,979,474 common shares and 485,000,000 Series A senior preferred shares represented, accounting for approximately 89.62% of total eligible votes. All ten director nominees were successfully elected to the board, including Jim Kessler, Brian Bales, Adam DeWitt, and others. The detailed voting results showed varying levels of support, with Jim Kessler receiving the highest approval (168,459,097 votes in favor) while Timothy O'Day received the most votes against (3,787,553). The complete voting results were filed on www.sedarplus.com on May 6, 2025.

RB Global (NYSE: RBA) (TSX: RBA) has announced it will release its first-quarter 2025 financial results after market close on Wednesday, May 7, 2025. The company will host a conference call at 4:30 p.m. Eastern time on the same day to discuss the results.

Analysts and institutional investors can pre-register for the conference call through a dedicated registration link. Registered participants will receive email confirmation with dial-in details and conference ID. The event will also be accessible via live audio webcast, with an archived replay available through RB Global's Investor Relations website.

RB Global (NYSE: RBA) announced that its subsidiary IAA has established a new Market Alliance with Nejoum Al Jazeera in the United Arab Emirates (UAE). The strategic partnership aims to expand IAA's global presence and increase vehicle visibility worldwide.

Through this alliance, Nejoum Al Jazeera will provide local support and resources to IAA's customers in the UAE, utilizing IAA's bidding platform to streamline vehicle purchasing processes. The partnership focuses on tailoring offerings to local customer preferences and needs, while enhancing the buyer experience in the Middle East region.