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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, 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™

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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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RB Global Appoints Eric J. Guerin as Chief Financial Officer

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RB Global, Inc. (NYSE: RBA) (TSX: RBA) appoints Eric J. Guerin as Chief Financial Officer. Mr. Guerin brings extensive financial leadership experience, previously serving as CFO of Veritiv Corporation. He will work to optimize RB Global's business and instill operating excellence across the organization.
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IAA Announces New Market Alliance in Georgia

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RB Global, Inc. (NYSE: RBA) (TSX: RBA) announces a new Market Alliance with Lion Trans & WHSE LLC in Georgia, aiming to expand IAA's buyer base in Eastern Europe. The alliance seeks to increase market share, global company awareness, vehicle visibility, sales, and customer base expansion. This strategic move will enhance service and customer experience for both B2B and B2C clients.
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RB Global reports strong third quarter 2023 results

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RB Global, Inc. (NYSE: RBA) (TSX: RBA) reported strong third-quarter results, with a 185% year-over-year increase in GTV to $3.9 billion, driven by the acquisition of IAA. Total revenue increased 148%, and net income grew by 47%. The Company also received bankruptcy court approval to manage Yellow Corporation's transportation assets.
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Ritchie Bros. Announces Dates for February 2024 Orlando, FL Event

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RB Global, Inc. announced that Ritchie Bros. Auctioneers will host its premier global auction event in Orlando, FL, from Feb. 19 to 23, 2024. This annual event attracts consignors and bidders from all over the world and generates hundreds of millions of dollars for consignors each year. Bidding will be available online and in-person, with a live auctioneer and bid catchers onsite.
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RB Global to Report Third Quarter 2023 Financial Results and Host Conference Call on November 9, 2023

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RB Global to release Q3 financial results on November 9th, 2023
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SmartEquip® Unveils ';Out-of-the-Box' Ready e-Commerce Store 2.0 Platform

Rhea-AI Summary
RB Global, Inc. announces release of SmartEquip e-Commerce Store 2.0 platform for industrial goods industry. New platform allows businesses to set up branded digital parts shops quickly and easily, manage inventory and customers in one platform. Features include enhanced user experience, parts catalog network, and integration with SmartEquip's OEM network. Platform helps businesses minimize cost of ownership and drive increased store traffic.
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Expedite the Total Loss Process with IAA’s New Guidewire Marketplace Apps

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IAA's new Ready for Guidewire validated accelerators are now available to Guidewire ClaimCenter users in the Guidewire Marketplace, allowing for integration of IAA Loan Payoff and salvage inventory processing with ClaimCenter. This can help reduce claim cycle times and costs.
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Ritchie Bros.'; Flexible Solutions Deliver Strong US$44 Million Onsite Sale for Industry Leader WB Pipeline

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RB Global, Inc. subsidiary Ritchie Bros. Auctioneers sold nearly $44 million of equipment for WB Pipeline LLC in a Texas auction. The auction attracted global bidders and featured over 2,700 pieces of equipment. 94% of the equipment was purchased by U.S. buyers, with 64% sold to Texas buyers.
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FAQ

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

The current stock price of RB Global (RBA) is $90.31 as of December 23, 2024.

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

The market cap of RB Global (RBA) is approximately 16.7B.

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

#614 Ranked by Market Cap
#1691 Ranked by Dividends

RBA Stock Data

16.71B
183.88M
0.29%
94.27%
3.29%
Specialty Business Services
Services-business Services, Nec
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United States of America
WESTCHESTER