GET DAILY SIGNALSRB Global (RBA) Reports Strong Q3 with Revenue Up +16.6%
Key Takeaways
- RB Global reported third quarter 2026 revenue of $1.274 billion, up 16.6% year over year and ahead of the roughly $1.18 billion analyst consensus.
- Adjusted earnings per share (EPS) reached $1.03, up 11% from $0.93 a year earlier and above the $0.99 consensus estimate.
- Total gross transaction value (GTV), the total proceeds from all items sold, rose 20% to $4.7 billion, including approximately 14% organic growth.
- Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) increased 13% to $370.9 million, outpacing service revenue growth of 10%.
- Management raised its full-year 2026 outlook, now expecting GTV growth of 14% to 15% and adjusted EBITDA growth of about 9.7% at the midpoint.
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Understanding the Business and Its Market Position
RB Global runs one of the largest marketplaces for used vehicles, heavy equipment, and other commercial assets. It links buyers and sellers through automotive salvage, remarketing, and heavy equipment channels. Earnings hinge on transaction volumes and pricing across these areas, so quarterly results offer insight into used-asset demand, insurance salvage activity, and fleet spending. I pay close attention to GTV, service revenue, and the service revenue take rate to see how well the platform turns activity into profits. The third quarter showed whether recent acquisitions, the One Marketplace effort, and pricing decisions could keep momentum going while maintaining operating leverage.
Q3 Results in Detail
RB Global posted third quarter 2026 revenue of $1.274 billion, up 16.6% from $1.092 billion a year earlier and above the roughly $1.18 billion consensus. Adjusted EPS came in at $1.03, up 11% from $0.93 and ahead of the $0.99 estimate. On a GAAP basis, net income rose to $140.1 million from $95.5 million, with diluted EPS of $0.70 versus $0.43 a year ago. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Total GTV climbed 20% to $4.7 billion, with about 14% organic growth. Automotive GTV grew 18%, supported by higher unit volumes and an approximate 8% increase in average selling prices, while heavy equipment and transportation GTV rose 19%. Adjusted EBITDA increased 13% to $370.9 million, and service revenue rose 10%. The service revenue take rate fell 186 basis points to 19.8%, due to portfolio mix changes, the GSA remarketing contract, acquisitions, and real estate expansion. Management raised its full-year 2026 guidance in response.
Market Reaction and Sentiment
Shares of RB Global rose roughly 2% to 3% in early trading after the release. The beats on revenue and adjusted EPS, along with the raised outlook, supported the idea that the marketplace is gaining ground. The response stayed measured, however, as focus shifted to the take-rate decline, mix shifts into lower-take-rate areas, and questions around a FinCEN report on suspicious transactions. The chief financial officer transition also drew attention and tempered some optimism around the headline numbers.
Forward Outlook and Areas to Watch
Investors will likely focus on whether volume growth can continue while the service revenue take rate stabilizes. Management expects the take rate to stay roughly in line with the third quarter’s 19.8% in the fourth quarter, which suggests mix-driven pressure may be easing. The new Buy Now and Make Offer options on rbauction.com mark an early step in the One Marketplace initiative, and progress there could affect how the company monetizes a wider buyer and seller base.
Fee harmonization across acquired businesses, which started in the fourth quarter, offers a multi-year chance to align pricing with platform value. On the automotive side, signs of better insurance affordability and a wider gap between repair costs and used-vehicle prices could support higher total loss frequency and stronger salvage volumes. Capital allocation stays important, with $350 million in share repurchases during the quarter and a leverage ratio of 1.8 times adjusted net debt to adjusted EBITDA. Additional acquisitions, integration updates, or regulatory developments could shape the path ahead.
Using AI Tools in My Research Process
In my analysis, I rely on data-driven tools to cross-check trends and compare opportunities. Tickeron’s AI Screener stands out for filtering stocks and ETFs by technical patterns, fundamentals, and performance metrics, helping surface ideas more efficiently than manual methods. It supports a more structured approach to building watchlists and evaluating setups.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for RBA turns positive, indicating new upward trend
RBA saw its Momentum Indicator move above the 0 level on October 29, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In 58 of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for RBA just turned positive on October 22, 2026. Looking at past instances where RBA's MACD turned positive, the stock continued to rise in 29 of 43 cases over the following month. The odds of a continued upward trend are 67%.
RBA moved above its 50-day moving average on October 22, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for RBA crossed bullishly above the 50-day moving average on October 30, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 50%.
Following a +5.81% 3-day Advance, the price is estimated to grow further. Considering data from situations where RBA advanced for three days, in 213 of 361 cases, the price rose further within the following month. The odds of a continued upward trend are 59%.
The Aroon Indicator entered an Uptrend today. In 112 of 199 cases where RBA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.
Bearish Trend Analysis
The 10-day RSI Indicator for RBA moved out of overbought territory on November 06, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In 28 of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at 72%.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RBA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 60%.
RBA broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 45 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 46 (best 1 - 100 worst), indicating steady price growth. RBA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 67 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 70 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.111) is normal, around the industry mean (5.887). P/E Ratio (39.796) is within average values for comparable stocks, (33.618). Projected Growth (PEG Ratio) (0.648) is also within normal values, averaging (1.946). Dividend Yield (0.014) settles around the average of (0.025) among similar stocks. P/S Ratio (3.256) is also within normal values, averaging (9.907).
The Tickeron SMR rating for this company is 76 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Industry description
Market Cap
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
a company which sells construction, transportation, forestry, mining, and petroleum through public auctions
Industry OfficeEquipmentSupplies
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