RB Global raised its 2026 outlook, now expecting gross transaction value growth of 9% to 11% and adjusted EBITDA growth of approximately 8.6% at the midpoint, with the updated guidance incorporating an expected contribution of about $500 million in GTV from the BigIron acquisition. Total GTV increased 11% to $4.7 billion in the second quarter, driven by unit volume growth and higher average selling prices in automotive, along with acquisition-supported growth in heavy equipment and transportation. The service revenue take rate declined 110 basis points year-over-year to 20%, which management attributed to portfolio mix changes from acquisitions and volume-related price incentives in automotive, while emphasizing a focus on service revenue dollars and adjusted EBITDA dollars over percentage take rates. The board approved a $0.02 increase to the quarterly dividend, raising it to $0.33 per share, and the company has repurchased and retired approximately 1.4 million shares for $150 million. CEO James Kessler noted that customer decision-making became more deliberate during the quarter amid interest rate and macro uncertainty, and highlighted the nationwide expansion of the relationship with the company’s largest automotive insurance partner across all 50 states.
RB Global Inc.Raised 2026 outlook, increased dividend, and repurchased shares.
