RB Global raises FY2026 outlook as GTV and EBITDA grow

Transcript intelligence

What changed

Compared with the prior quarter's analysis, the new call reports 11% Q2 GTV growth and 6% adjusted EBITDA growth, with FY2026 GTV growth guidance raised to 9–11% and adjusted EBITDA growth to about 8.6%. BigIron is now described as acquired, while automotive insurance-partner coverage is expanding. The event-close-to-next-session window recorded a 13.9% stock decline against a 0.2% benchmark decline; the supplied analysis does not establish the cause.

Guidance delta

Management raised the FY2026 outlook to 9–11% GTV growth and approximately 8.6% adjusted EBITDA growth. The prior-quarter analysis cited 6–9% GTV growth and approximately 8% adjusted EBITDA growth at the midpoint.

Key takeaways

• Q2 GTV grew 11% to $4.7 billion and adjusted EBITDA grew 6% year over year.
• The company raised its FY2026 outlook to 9–11% GTV growth and approximately 8.6% adjusted EBITDA growth.
• Management identified BigIron, automotive insurance partnerships, operating leverage and technology investment as growth and execution priorities.
• The reported event window showed a 13.9% share-price decline versus a 0.2% benchmark decline; no cause is established in the supplied analysis.

Management priorities

• Integrate BigIron and use its brand and customer relationships to expand in U.S. agriculture.
• Expand automotive insurance partnerships and seek additional sources of automotive volume.
• Invest in AI, technology and yard capacity to improve operating leverage.
• Pursue selective M&A while maintaining disciplined capital allocation.