RB Global Q2 revenue up 8%, beats expectations

RB Global

06/08/2025 21:31

Overview

RB Global Q2 revenue rises 8% yr/yr, beating analyst expectations

Adjusted EPS for Q2 beats consensus, rising 14% yr/yr

Net income for Q2 declines 1% yr/yr to $109.7 mln

Outlook

RB Global maintains GTV growth outlook at 0% to 3%

Company expects 2025 adjusted EBITDA of $1,340 mln to $1,370 mln

Full-year tax rate forecasted between 24% and 27%

Capital expenditures projected at $350 mln to $400 mln

Result Drivers

AUTOMOTIVE GROWTH - Automotive unit volume increased 9% yr/yr, driving a 2% rise in GTV, per CEO Jim Kessler

SERVICE REVENUE - Service revenue rose 3% yr/yr, supported by higher GTV and increased service revenue take rate

INVENTORY SALES - Inventory sales revenue surged 26% yr/yr, primarily due to higher revenue from the CC&T sector

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.20 bln
$1.14 bln (6 Analysts)
Q2 Adjusted EPS
Beat
$1.07
$0.95 (5 Analysts)
Q2 EPS
$0.53
Q2 Net Income
$109.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the business support services peer group is "buy"

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nBw8XFRvTa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)