RB Global Q2 revenue, beats estimates driven by automotive sector

RB Global (Ontario)

04/08/2026 21:17

Overview
U.S. commercial asset marketplace's Q2 revenue rose 11%, beating analyst expectations
Adjusted EPS for Q2 rose 6% but slightly missed analyst consensus
Company repurchased $150 mln in shares and raised quarterly dividend

Outlook
Company raises 2026 GTV growth outlook to 9%-11% from 6%-9%
RB Global now expects 2026 adjusted EBITDA of $1,495 mln to $1,545 mln
Company maintains 2026 capital expenditures outlook at $350 mln to $400 mln

Result Drivers
AUTOMOTIVE GROWTH - Automotive sector drove GTV gains as unit volumes rose 11% and average prices increased
ACQUISITIONS - Acquisitions, including BigIron, expanded reach and contributed to GTV and revenue growth
INVENTORY SALES - Inventory sales revenue rose 28%, mainly due to changes in HE&T customer contract preference and acquisitions

Company press release: ID:nBw1rCLmJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.30 bln
$1.22 bln (7 Analysts)
Q2 Adjusted EPS
Miss
$1.13
$1.14 (6 Analysts)
Q2 EPS
 
$0.71
 
Q2 Net Income
 
$143.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "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 23 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Aug 3 - Commercial Vehicle Group Q2 revenue beats estimates; 2026 outlook lifted
Aug 4 - Xometry Q2 revenue beats on marketplace growth
Aug 4 - WW Grainger raises profit forecast as maintenance demand remains strong

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)