Ritchie Bros Auctioneers Stock Earnings Reports

RB Global reported a strong start to 2026 with Q1 Gross Transaction Value (GTV) up 13% to $4.3 billion and adjusted EBITDA rising 11%. Performance was driven by a 27% GTV increase in Commercial Construction & Transportation (CC&T) — roughly 16% ex-acquisitions — and 7% Automotive GTV growth (1% unit volume growth and ~6% higher average price per vehicle). U.S. insurance ASPs expanded ~10%. The company closed a key HSR approval for the BigIron acquisition and expects to close it in Q2 (BigIron not yet included in 2026 guidance). Service revenue rose 5% but the service revenue take rate fell 160 basis points to 20.7%, partly due to a mix shift to higher-ASP assets under a regressive fee schedule. Adjusted EPS grew 13%, helped by higher operating income and lower net interest expense. Management raised 2026 guidance to GTV growth of 6%–9% and adjusted EBITDA growth of ~8% at the midpoint, reiterating a focus on volume-led growth, cost discipline, yard-level efficiency initiatives, selective M&A (targeting new capabilities/regions), and prioritizing partner fit. Key risks/considerations include geopolitical disruption in the Middle East affecting parts of the international business, fuel cost pressures (some contract pass-throughs; some headwinds), and quarter-to-quarter lumpiness from auction calendar timing and the timing of pent-up supply returning to market.