RB Global Q2 revenue, beats estimates driven by automotive sector
RBA•Drivers of growth
- 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.
Key quarterly figures
| 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 |
Outlook raised for 2026
The company raised its 2026 GTV growth outlook to 9%–11% from 6%–9%.
RB Global now expects 2026 adjusted EBITDA of $1,495 million to $1,545 million.
The company maintained its 2026 capital expenditures outlook at $350 million to $400 million.
Quarterly results and share return
RB Global said second-quarter revenue rose 11% and beat analyst expectations, driven by the automotive sector.
