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RB Global, Inc. - RBA STOCK NEWS

Welcome to our dedicated page for RB Global news (Ticker: RBA), a resource for investors and traders seeking the latest updates and insights on RB Global stock.

RB Global, Inc. (NYSE: RBA, TSX: RBA) is a globally renowned asset management and disposition company established in 1958 and headquartered in Westchester, Illinois. Specializing in the buying and selling of used heavy equipment, trucks, and other assets, RB Global offers comprehensive end-to-end solutions across various sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry.

RB Global operates through multiple selling channels:

  • Ritchie Bros. Auctioneers: The world's largest industrial auctioneer providing live auction events with online bidding.
  • IronPlanet: An online marketplace featuring weekly auctions and offering IronClad Assurance® equipment condition certification.
  • Marketplace-E: An online marketplace providing multiple price and timing options.
  • Mascus: A leading European online equipment listing service.
  • Ritchie Bros. Private Treaty: Offering privately negotiated sales.

Additionally, RB Global caters to specific sectors through GovPlanet, TruckPlanet, and Kruse Energy Auctioneers.

The company has expanded its reach by merging with IAA, a major global digital marketplace connecting vehicle buyers and sellers. Through this collaboration, RB Global continues to enhance its omnichannel marketplace, providing value-added insights, services, and transaction solutions for commercial assets and vehicles. RB Global serves customers in more than 170 countries through auction sites in 14 countries and a robust digital platform.

RB Global is known for its massive auction events, including the record-setting 2024 global auction in Orlando with over 16,500 items and generating over $258 million in gross transaction value (GTV). Another notable event was the Edmonton auction, which set a new Canadian record with nearly CAD $250 million in GTV.

Recent achievements include strategic market alliances such as the one with Lion Trans in Georgia and Baltic Auto Shipping in Lithuania, aimed at increasing market share and improving global customer experience. RB Global's portfolio also includes Rouse Services, SmartEquip, Xcira, and VeriTread, which provide asset management, data-driven intelligence, and live auction technology solutions.

As part of its financial performance, RB Global consistently delivers solid growth, with a notable reduction in leverage and strong quarterly earnings. The company declared a quarterly cash dividend of $0.27 per common share, reflecting its commitment to shareholders.

RB Global's dedication to innovation, strategic growth, and operational excellence makes it a significant player in the global marketplace for commercial assets and vehicles.

News

RB Global Appoints Nancy King as Chief Technology Officer

Rhea-AI Summary
RB Global, Inc. appoints Nancy King as Chief Technology Officer, bringing extensive IT leadership experience from Fortune 100 organizations. Her role aims to strengthen technology foundation, align priorities, and foster a collaborative culture for market leadership.
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News

IAA Announces New Market Alliance in Lithuania

Rhea-AI Summary
RB Global, Inc. (NYSE: RBA) expands its reach in Eastern Europe through a new Market Alliance with Baltic Auto Shipping in Lithuania. This partnership enhances IAA's global buyer market connectivity and strengthens its presence in the region, facilitating more efficient vehicle research, bidding, and buying.
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News

Ritchie Bros. Sells US$258+ Million of Heavy Equipment Assets and Vehicles in its 2024 Premier Global Auction in Orlando, FL

Rhea-AI Summary
RB Global, Inc. (RBA) reports successful premier global auction event in Orlando, generating over US$258 million in gross transaction value. The event attracted 22,000+ bidders from 80+ countries, with 83% of equipment sold to U.S. buyers.
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News

RB Global reports fourth quarter and full year 2023 results

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RB Global, Inc. (RBA) reported strong financial performance for the fourth quarter of 2023, with GTV increasing by 160% year-over-year to $4.0 billion, driven by the acquisition of IAA. Total revenue and service revenue also saw significant growth. The company's net income available to common stockholders increased by 65%, and adjusted EBITDA surged by 153% year-over-year. The company provided a positive outlook for 2024, projecting GTV growth of 1% to 4% and adjusted EBITDA between $1,170 to $1,230 million.
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Ritchie Bros.'; Largest-Ever Premier Global Auction Event in Orlando to Feature Record-Setting 16,500+ Heavy Equipment Assets and Vehicles

Rhea-AI Summary
RB Global, Inc. (RBA) announces a record-breaking 16,500+ items at Ritchie Bros. Auctioneers' premier global auction event in Orlando. The auction features a substantial increase in lots compared to 2023, including construction equipment, transport trucks, aggregate equipment, cranes, and attachments. Customers can bid in-person, online at rbauction.com, or via the mobile app.
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ShipBob Adds First Independent Board Member, Former CEO of Grubhub, Adam DeWitt

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ShipBob, a leading global fulfillment and supply chain platform for SMB and Mid-Market ecommerce brands, announced the addition of Adam DeWitt to its Board of Directors as its first independent member. DeWitt brings extensive experience from Grubhub, where he played a key role in growing the company's revenue from $20 million to over $2 billion. He also served as CFO at optionsXpress and currently sits on the Board of Directors for RB Global (NYSE: RBA) and TreeHouse Foods (NYSE: THF). ShipBob's COO and Co-founder, Divey Gulati, expressed excitement about DeWitt's addition, highlighting his hands-on approach and alignment with ShipBob's mission. DeWitt also expressed his enthusiasm for joining ShipBob, emphasizing the company's strong culture and its ability to address the market need for supply chain and omnichannel fulfillment solutions for small and mid-sized brands.
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IAA Implements J.D. Power ChromeData VIN Descriptions to Enhance Trim Coverage

Rhea-AI Summary
RB Global, Inc. (RBA) has announced the implementation of the J.D. Power ChromeData VIN Descriptions (CVD) service within the IAA Interact™ merchandising platform. This enhancement allows IAA customers to access specific trim-level information for over 90% of the vehicles listed, including Ford and Toyota. The improved data accuracy will lead to more appropriate sale prices on high-end trims and enhance the data science capabilities of IAA, specifically with the IAA Vehicle Value™ predictive valuation model.
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RB Global to Report Fourth Quarter 2023 Financial Results and Host Conference Call on February 23, 2024

Rhea-AI Summary
RB Global, Inc. (RBA) announced the release of its fourth-quarter financial results on February 23, 2024, followed by a conference call for analysts and investors. The company will host a live webcast of the call and provide a replay on its Investor Relations website. Interested parties can participate via conference call or listen to the webcast.
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RB Global, Inc. Declares Quarterly Dividend

Rhea-AI Summary
RB Global, Inc. (RBA) has declared a quarterly cash dividend of US$0.27 per common share, payable on March 1, 2024, to shareholders of record on February 9, 2024. This dividend is considered an eligible dividend for Canadian income tax purposes.
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RB Global Earns Great Place to Work Certification™

Rhea-AI Summary
RB Global, Inc. (NYSE: RBA) (TSX: RBA) achieves Great Place to Work® certification in North America, extending the recognition to its entire portfolio of brands. IAA, a subsidiary of RB Global, has maintained this certification for five years, reflecting a commitment to employee satisfaction and workplace culture.
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FAQ

What is the current stock price of RB Global (RBA)?

The current stock price of RB Global (RBA) is $92.76 as of November 15, 2024.

What is the market cap of RB Global (RBA)?

The market cap of RB Global (RBA) is approximately 17.3B.

What services does RB Global, Inc. provide?

RB Global offers comprehensive end-to-end solutions for buying and selling used heavy equipment, trucks, and other assets through live auctions, online marketplaces, and privately negotiated sales.

What sectors does RB Global operate in?

RB Global operates in various sectors, including construction, transportation, agriculture, energy, oil and gas, mining, and forestry.

What are the main selling channels of RB Global?

The main selling channels include Ritchie Bros. Auctioneers, IronPlanet, Marketplace-E, Mascus, and Ritchie Bros. Private Treaty.

What is IronClad Assurance®?

IronClad Assurance® is a certification provided by IronPlanet that guarantees the condition of the equipment sold through its marketplace.

Where does RB Global operate its auction sites?

RB Global operates auction sites in 14 countries, serving customers in over 170 countries worldwide.

What recent strategic alliances has RB Global formed?

RB Global has recently formed strategic alliances with Lion Trans in Georgia and Baltic Auto Shipping in Lithuania to expand its market share and customer base.

How does RB Global support different sectors with specific needs?

RB Global offers sector-specific solutions through GovPlanet, TruckPlanet, Kruse Energy Auctioneers, and Cat® Auctions, catering to the unique needs of each sector.

What notable events has RB Global hosted recently?

Notable events include the record-setting 2024 global auction in Orlando and the premier Canada auction event in Edmonton, both generating substantial gross transaction values.

What is RB Global's approach to innovation and technology?

RB Global invests in innovative platforms such as SmartEquip and Xcira to enhance equipment lifecycle management and live auction technologies, respectively.

What financial performance highlights has RB Global achieved?

RB Global has shown strong financial performance with solid growth, a reduction in leverage, and consistent quarterly earnings, including a notable quarterly dividend.

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RB Global, Inc.

NYSE:RBA

RBA Rankings

#603 Ranked by Market Cap
#1683 Ranked by Dividends

RBA Stock Data

17.25B
184.42M
0.29%
96.55%
2.74%
Specialty Business Services
Services-business Services, Nec
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United States of America
WESTCHESTER