Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. The company also offers live auction events with online bidding. It sells used equipment to its customers through live, unreserved auctions at 40 auction sites worldwide. The company serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. It operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, Europe, the Middle East, Asia, and internationally. The company was founded in 1958 and is headquartered in Burnaby, Canada.
IPO Year:
Exchange: NYSE
Website: ritchiebros.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | $105.00 | Outperform | BMO Capital Markets |
| 6/18/2024 | Sector Outperform | CIBC | |
| 7/20/2023 | $60.00 → $75.00 | Mkt Perform → Outperform | Raymond James |
| 5/18/2023 | $61.00 | Sector Perform → Outperform | National Bank Financial |
| 12/5/2022 | $59.00 → $65.00 | Sector Perform → Sector Outperform | Scotiabank |
| 11/14/2022 | $65.00 | Neutral → Buy | Northcoast |
| 11/8/2022 | $74.00 → $55.00 | Buy → Neutral | BofA Securities |
| 11/7/2022 | Mkt Perform → Outperform | Barrington Research | |
| 7/14/2022 | $75.00 | Neutral → Buy | BofA Securities |
| 7/13/2022 | $56.00 | Sector Perform → Underperform | National Bank Financial |
4 - RB GLOBAL INC. (0001046102) (Issuer)
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New auction center expands company's customer base in the Caucasus RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with CarGo Logistic Azerbaijan. CarGo Logistic Azerbaijan will operate an IAA Auction Center, where their team will provide local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This strategic alliance seeks to broaden the reach of both companies in the country by enabling a new market of buyers in the region to purchase vehicles more efficiently through IAA's bidding
RB Global, Inc. (NYSE:RBA) (TSX:RBA) announced today that it will release second-quarter 2025 financial results after the market closes on Wednesday, August 6, 2025. RB Global will host a conference call to discuss its results at 4:30 p.m. Eastern time the same day. Analysts and institutional investors may pre-register to participate in the conference call using the following link: https://registrations.events/direct/Q4I312703. Registered participants will receive an email with a calendar reminder, dial-in number, and conference ID that allows access to the call. The live audio webcast and archived replay can also be accessed at the Events & Presentations section of the RB Global Inve
New auction center to expand customer base in Central America RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global partner for insights, services and transaction solutions, today announced that IAA has entered into a new Market Alliance with Moto Leader Group (MLG) International in Panama. MLG International will operate an IAA Auction Center, where their team will provide local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This agreement strengthens IAA's customer base in Central America and boosts access to its extensive vehicle inventory for buyers regionally and worldwide. "We are thrilled to extend IAA's international reach with a n
RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that on May 22, 2025, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") with respect to the pending acquisition of JM Wood Auction Co., Inc. by Ritchie Bros Auctioneers (America), Inc., which is a wholly owned subsidiary of RB Global. The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which is expected to be completed in the second or
RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced Ritchie Bros. Auctioneers sold 11,000+ equipment items, trucks and vehicles at its premier Canadian auction event in Edmonton, AB, last week. The five-day auction generated nearly CA$225 million in gross transaction value (GTV). The April 29 – May 3, 2025, online and onsite auction attracted more than 18,000 bidders from more than 50 countries, with approximately 94% of the equipment selling to Canadians, including 62% purchased by Albertans. The remaining 6% of the equipment was purchased by international buyers from as f
RB Global, Inc. (NYSE &, TSX:RBA, the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months ended March 31, 2025. "I want to recognize our teammates' dedication to our partners and customers, particularly in this rapidly evolving macroeconomic environment." said Jim Kessler, CEO of RB Global. "We have not changed our approach and are focused on factors we control to help ensure we are consistently working to overdeliver on our commitments." "We remain committed to advancing our long-term growth strategy by investing in key initiatives that we expect to create lasting value," said Eric J. Guerin, Chief Financial Officer. "Concurrently, w
The Annual and Special Meeting of Shareholders (the "Meeting") of RB Global, Inc. ((the ", Company", , TSX:RBA) was held on May 5, 2025. Each of the matters voted upon at the Meeting is discussed in detail in the Company's Proxy Statement dated March 24, 2025, which can be found on the Company's website at: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001046102/a520564c-c2db-4929-b19a-158d9bdef2c8.pdf. Per TSX reporting requirements, the Company wishes to disclose that the total number of shares represented by shareholders in person and by proxy at the Meeting was 171,979,474 common shares of the Company and 485,000,000 Series A senior preferred shares of the Company, representing approximat
RB Global, Inc. (NYSE:RBA) (TSX:RBA) announced today that it will release first-quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. RB Global will host a conference call to discuss its results at 4:30 p.m. Eastern time the same day. Analysts and institutional investors may pre-register to participate in the conference call using the following link: https://registrations.events/direct/Q4I602500. Registered participants will receive an email with a calendar reminder, dial-in number, and conference ID that allows access to the call. The live audio webcast and archived replay can also be accessed at the Event & Presentation section of the RB Global Investor Rela
New auction center to expand IAA's customer base in the Middle East RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with Nejoum Al Jazeera in the United Arab Emirates (UAE). This agreement will expand IAA's customer base and increase the visibility of its available vehicles worldwide. "We are excited to expand IAA's global footprint with the announcement of a new Market Alliance in the UAE," said Scott Guenther, Senior Vice President, North America Operations at IAA. "Nejoum Al Jazeera has a strong reputation and team in the
RB Global, Inc. (NYSE:RBA) (TSX:RBA) ("RB Global" or the "Company"), the trusted global partner for insights, services and transaction solutions, today announced that it has entered into a definitive agreement under which RB Global will acquire J.M. Wood Auction Co., Inc. ("J.M. Wood"). We currently expect the acquisition to be completed in the second quarter of 2025, subject to customary closing conditions, including required regulatory clearances. "Our shared values and culture align naturally, particularly in our commitment to putting our partners and customers first," said Jim Kessler, Chief Executive Officer of RB Global. "This move enhances our geographic coverage in Alabama and adja
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BMO Capital Markets initiated coverage of RB Global with a rating of Outperform and set a new price target of $105.00
CIBC initiated coverage of RB Global with a rating of Sector Outperform
Raymond James upgraded RB Global from Mkt Perform to Outperform and set a new price target of $75.00 from $60.00 previously
National Bank Financial upgraded RB Global from Sector Perform to Outperform and set a new price target of $61.00
Scotiabank upgraded Ritchie Bros. from Sector Perform to Sector Outperform and set a new price target of $65.00 from $59.00 previously
Northcoast upgraded Ritchie Bros. from Neutral to Buy and set a new price target of $65.00
BofA Securities downgraded Ritchie Bros. from Buy to Neutral and set a new price target of $55.00 from $74.00 previously
Barrington Research upgraded Ritchie Bros. from Mkt Perform to Outperform
BofA Securities upgraded Ritchie Bros. from Neutral to Buy and set a new price target of $75.00
National Bank Financial downgraded Ritchie Bros. from Sector Perform to Underperform and set a new price target of $56.00
RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced the appointment of Steve Lewis as Chief Operating Officer, effective Sept. 3, 2024. Mr. Lewis brings extensive senior leadership experience in operations and supply chain management, as well as a honed approach to driving business growth through operational excellence. "Steve has a proven track record of developing and deploying operating systems that support profitable growth and performance in a variety of industry verticals worldwide," said Jim Kessler, CEO of RB Global. "His diverse experience, commitment to speed of
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
WESTCHESTER, Ill., March 18, 2024 /PRNewswire/ - RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced the appointment of Nancy King as Chief Technology Officer, effective June 3, 2024. Ms. King brings extensive hands-on information technology leadership experience in Fortune 100 organizations. Most recently, she served as the Sr. Vice President of Product Engineering at Target, driving the overall vision, strategy and talent development for product engineering. She joined Target in 2005 and has played a leading role in the retailer's technology transformation and growth, incl
WESTCHESTER, Ill., Dec. 12, 2023 /PRNewswire/ - RB Global, Inc. (NYSE:RBA) (TSX:RBA), a trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced the appointment of Eric J. Guerin as Chief Financial Officer, effective January 15, 2024. Mr. Guerin brings extensive senior executive financial leadership experience, most recently serving as the Chief Financial Officer of Veritiv Corporation, a leading distributor of packaging, facility solutions and print products, until its acquisition in November of 2023. "Eric joins RB Global with a proven record of working hand-in-hand with the sales and operational teams to drive profita
Former Neustar President & CEO brings decades of leadership experience to Zayo board Zayo Group Holdings, Inc., a leading global communications infrastructure platform, today announced the appointment of Lisa Hook to its board of directors. Hook is a seasoned public company CEO, with extensive experience in cloud infrastructure, internet security, telecommunications, data analytics and digital marketing. "Lisa is a recognized leader with experience across multiple industries in the public and private sector," said Steve Smith, CEO of Zayo Group. "She will be an invaluable asset to our board as we continue to lead Zayo into its next phase of growth and service to our customers." Hook most
Zuora, Inc. (NYSE:ZUO), the leading cloud-based subscription management platform provider, today announced the appointment of two new independent board directors. Laura Clayton McDonnell, Senior Vice President, Sales for East, Canada and Latin America at ServiceNow, Inc., and Amy Guggenheim Shenkan, a Senior Advisor to Altamont Capital Partners and seasoned public company board director, join Zuora's® Board of Directors. Together, they bring rich expertise in enterprise, software, and digital transformation as the company drives towards its goals of accelerated growth. "We work with the best companies in the world at a time when subscriptions are top of mind for CXOs globally, and the addi
VANCOUVER, BC, Oct. 18, 2021 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros. and the "Company"), is pleased to announce the appointment of Lisa Hook to its Board of Directors, effective November 1, 2021 "We are pleased to welcome Lisa as our newest director. Her vast and diverse experience of transforming and scaling businesses with technology adds a valuable perspective to our Board" said Erik Olsson, Chairman of the Board for Ritchie Bros. Commenting on the appointment, Ann Fandozzi, CEO of Ritchie Bros., said: "I am excited by Lisa joining the board and helping Ritchie Bros achieve our strategic vision to be the trusted global marketplace for in
VANCOUVER, BC, Oct. 6, 2021 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSX:RBA) ("Ritchie Bros. and the "Company") announces that Sharon Driscoll (Chief Financial Officer of Ritchie Bros.) has advised the Company that she intends to retire within two years. As part of an effective succession process, Ms. Driscoll will continue to serve as CFO until the Company appoints her successor and will then assume a role as an Executive Vice President serving as an advisor to Ritchie Bros.' CEO. The company will initiate a search to identify Ms. Driscoll's successor. "Since joining in 2015, Sharon has been an invaluable part of the leadership team and I want to thank her for h
New auction center expands company's customer base in the Caucasus RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with CarGo Logistic Azerbaijan. CarGo Logistic Azerbaijan will operate an IAA Auction Center, where their team will provide local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This strategic alliance seeks to broaden the reach of both companies in the country by enabling a new market of buyers in the region to purchase vehicles more efficiently through IAA's bidding
RB Global, Inc. (NYSE:RBA) (TSX:RBA) announced today that it will release second-quarter 2025 financial results after the market closes on Wednesday, August 6, 2025. RB Global will host a conference call to discuss its results at 4:30 p.m. Eastern time the same day. Analysts and institutional investors may pre-register to participate in the conference call using the following link: https://registrations.events/direct/Q4I312703. Registered participants will receive an email with a calendar reminder, dial-in number, and conference ID that allows access to the call. The live audio webcast and archived replay can also be accessed at the Events & Presentations section of the RB Global Inve
New auction center to expand customer base in Central America RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global partner for insights, services and transaction solutions, today announced that IAA has entered into a new Market Alliance with Moto Leader Group (MLG) International in Panama. MLG International will operate an IAA Auction Center, where their team will provide local services and assistance to buyers seeking to browse, bid on and buy inventory listed at IAA. This agreement strengthens IAA's customer base in Central America and boosts access to its extensive vehicle inventory for buyers regionally and worldwide. "We are thrilled to extend IAA's international reach with a n
RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that on May 22, 2025, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act") with respect to the pending acquisition of JM Wood Auction Co., Inc. by Ritchie Bros Auctioneers (America), Inc., which is a wholly owned subsidiary of RB Global. The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which is expected to be completed in the second or
RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced Ritchie Bros. Auctioneers sold 11,000+ equipment items, trucks and vehicles at its premier Canadian auction event in Edmonton, AB, last week. The five-day auction generated nearly CA$225 million in gross transaction value (GTV). The April 29 – May 3, 2025, online and onsite auction attracted more than 18,000 bidders from more than 50 countries, with approximately 94% of the equipment selling to Canadians, including 62% purchased by Albertans. The remaining 6% of the equipment was purchased by international buyers from as f
RB Global, Inc. (NYSE &, TSX:RBA, the "Company", "RB Global", "we", "us", "their", or "our") reported the following results for the three months ended March 31, 2025. "I want to recognize our teammates' dedication to our partners and customers, particularly in this rapidly evolving macroeconomic environment." said Jim Kessler, CEO of RB Global. "We have not changed our approach and are focused on factors we control to help ensure we are consistently working to overdeliver on our commitments." "We remain committed to advancing our long-term growth strategy by investing in key initiatives that we expect to create lasting value," said Eric J. Guerin, Chief Financial Officer. "Concurrently, w
RB Global, Inc. (NYSE:RBA) (TSX:RBA) announced today that it will release first-quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. RB Global will host a conference call to discuss its results at 4:30 p.m. Eastern time the same day. Analysts and institutional investors may pre-register to participate in the conference call using the following link: https://registrations.events/direct/Q4I602500. Registered participants will receive an email with a calendar reminder, dial-in number, and conference ID that allows access to the call. The live audio webcast and archived replay can also be accessed at the Event & Presentation section of the RB Global Investor Rela
New auction center to expand IAA's customer base in the Middle East RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that IAA has launched a new Market Alliance with Nejoum Al Jazeera in the United Arab Emirates (UAE). This agreement will expand IAA's customer base and increase the visibility of its available vehicles worldwide. "We are excited to expand IAA's global footprint with the announcement of a new Market Alliance in the UAE," said Scott Guenther, Senior Vice President, North America Operations at IAA. "Nejoum Al Jazeera has a strong reputation and team in the
RB Global, Inc. (NYSE:RBA) (TSX:RBA) ("RB Global" or the "Company"), the trusted global partner for insights, services and transaction solutions, today announced that it has entered into a definitive agreement under which RB Global will acquire J.M. Wood Auction Co., Inc. ("J.M. Wood"). We currently expect the acquisition to be completed in the second quarter of 2025, subject to customary closing conditions, including required regulatory clearances. "Our shared values and culture align naturally, particularly in our commitment to putting our partners and customers first," said Jim Kessler, Chief Executive Officer of RB Global. "This move enhances our geographic coverage in Alabama and adja
Five-day public auction attracted 19,000+ bidders from 75+ countries competing for 16,000+ equipment items RB Global, Inc. (NYSE:RBA) (TSX:RBA), the trusted global marketplace for insights, services and transaction solutions for commercial assets and vehicles, today announced that Ritchie Bros. Auctioneers sold 16,000+ equipment items, trucks and vehicles at its Feb. 17-21 premier global auction event in Orlando, FL, generating US$250+ million in gross transaction value (GTV). The premier global auction event attracted 19,000+ people from 75+ countries, with approximately 88% of the equipment selling to U.S. buyers, including 23% purchased by Floridians. The remaining 12% of the equipme
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