Ritchie Bros. Auctioneers Incorporated (RBA)

NYSE: RBA · IEX Real-Time Price · USD
56.29
+0.92 (1.66%)
Mar 31, 2023, 4:00 PM EDT - Market closed
1.66%
Market Cap 10.21B
Revenue (ttm) 1.73B
Net Income (ttm) 319.66M
Shares Out 181.44M
EPS (ttm) 2.86
PE Ratio 19.68
Forward PE 22.83
Dividend $2.14 (3.80%)
Ex-Dividend Date Mar 21, 2023
Volume 2,029,710
Open 55.46
Previous Close 55.37
Day's Range 55.38 - 56.31
52-Week Range 48.72 - 72.73
Beta 0.91
Analysts Buy
Price Target 49.40 (-12.24%)
Earnings Date May 8, 2023

About RBA

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. The company also offers live auction events with online bidding. It sells u... [Read more]

Sector Industrials
IPO Date Mar 9, 1998
Employees 2,700
Stock Exchange NYSE
Ticker Symbol RBA
Full Company Profile

Financial Performance

In 2022, RBA's revenue was $1.73 billion, an increase of 22.36% compared to the previous year's $1.42 billion. Earnings were $319.66 million, an increase of 110.48%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for RBA stock is "Buy." The 12-month stock price forecast is $49.4, which is a decrease of -12.24% from the latest price.

Price Target
$49.4
(-12.24% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Ritchie Bros. (RBA) Loses -13.38% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Ritchie Bros. (RBA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it.

1 week ago - Zacks Investment Research

Are These 3 Small Momentum Stocks Setting Up Big Gains?

MINISO Group Holding Limited (NYSE: MNSO), PDF Solutions Inc. (NASDAQ: PDFS), and Certara Inc. (NASDAQ: CERT) are relatively unknown stocks currently showing strong price momentum.

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1 week ago - MarketBeat

Ritchie Bros. Completes Acquisition of IAA, Creating a Premier Global Marketplace Leader

Combined Company Positioned for Growth and Shareholder Value Creation VANCOUVER, BC , March 20, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) today announced that i...

1 week ago - PRNewsWire

Down -15.58% in 4 Weeks, Here's Why You Should You Buy the Dip in Ritchie Bros. (RBA)

Ritchie Bros. (RBA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it.

1 week ago - Zacks Investment Research

Ritchie Bros. Announces Closing of Senior Notes Offering to Partially Fund IAA Merger

VANCOUVER, BC , March 15, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.

2 weeks ago - PRNewsWire

Why Ritchie Bros. (RBA) is a Great Dividend Stock Right Now

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Ritchie Bros.

2 weeks ago - Zacks Investment Research

Ancora Issues Statement Regarding Shareholders' Approval of the IAA and Ritchie Bros. Combination

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), which is the beneficial owner of approximately 4% of the outstanding shares of IAA, Inc. (NYSE: IAA) (“...

2 weeks ago - Business Wire

IAA Announces Stockholder Approval of Merger Agreement with Ritchie Bros.

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA) (“the Company”) today announced that its stockholders have adopted the previously announced merger agreement providing for the stock and cash ...

2 weeks ago - Business Wire

Ritchie Bros. Shareholders Vote to Approve IAA Acquisition at Special Meeting

VANCOUVER, BC, March 14, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.") announced that, based on the preliminary vote count provided by its proxy s...

2 weeks ago - PRNewsWire

Ritchie Bros. Issues Statement

VANCOUVER, BC, March 13, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.") today issued the following statement related to the acquisition of IAA, Inc...

2 weeks ago - PRNewsWire

Luxor Responds to Letter From Ritchie Bros. Co-Founder and Former President & COO to Stop IAA Merger

NEW YORK--(BUSINESS WIRE)--Luxor Capital responds to letter from Ritchie Bros. co-founder and former president & COO to stop IAA merger.

2 weeks ago - Business Wire

Ritchie Bros. sells 5,100+ items for US$52+ million in Rocky Mountain Regional Event

Two-day onsite and online auction attracted 12,300+ bidders from 45+ countries DENVER , March 13, 2023 /PRNewswire/ - Last week, Ritchie Bros. sold 5,100+ items from three locations in its Rocky Mount...

2 weeks ago - PRNewsWire

Luxor Comments on Preliminary Ritchie Bros Merger Vote

NEW YORK--(BUSINESS WIRE)--Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or the “Company”...

3 weeks ago - Business Wire

Ritchie Bros. to simulcast March 17 Las Vegas online auction at CONEXPO/CON-AGG

2,100+ items will be sold from Ritchie Bros.' Las Vegas site & simulcast to its booth on the show floor LAS VEGAS , March 9, 2023 /PRNewswire/ - Next week Ritchie Bros.

3 weeks ago - PRNewsWire

7 Stocks That Will Bring Success to the Dividend Investor

With the market likely to encounter myriad variables this year, investors should really consider dividend stocks to buy. Fundamentally, companies that provide passive income to their stakeholders tend...

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3 weeks ago - InvestorPlace

Luxor Reminds Ritchie Bros. Shareholders of Deadline to Vote Against Value Destructive Merger With IAA

NEW YORK--(BUSINESS WIRE)--Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or the “Company”...

3 weeks ago - Business Wire

Ritchie Bros. Urges Shareholders to Vote Today "FOR" Proposed Acquisition of IAA

IAA Acquisition Accelerates Ritchie Bros.' Growth Strategy and Is a Unique Opportunity to Deliver Returns Significantly in Excess of Standalone Value  Independent Proxy Advisory Firm Egan-Jones Recomm...

3 weeks ago - PRNewsWire

Ritchie Bros. Declares Special Cash Dividend

Payment of Dividend Contingent upon Closing of IAA Transaction VANCOUVER, BC , March 7, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie Bros.

3 weeks ago - PRNewsWire

Ritchie Bros. sells CA$72+ million of equipment & vehicles in Edmonton, AB

Three-day public auction attracted 15,300+ bidders from 40+ countries, competing for 5,500+ items EDMONTON, AB , March 7, 2023 /PRNewswire/ - Last week, Ritchie Bros. sold 5,500+ equipment items, truc...

3 weeks ago - PRNewsWire

IAA Issues Statement on Glass Lewis and ISS Reports

WESTCHESTER, Ill.--(BUSINESS WIRE)--IAA, Inc. (NYSE: IAA) (“the Company”) today announced that proxy advisory firms Glass, Lewis & Co. (“Glass Lewis”) and Institutional Shareholder Services (“ISS”) re...

3 weeks ago - Business Wire

Ritchie Bros. Issues Statement on Glass Lewis and ISS Reports

Ritchie Bros.' Board Is Confident IAA Acquisition Delivers Value for Shareholders that is Superior to that Achievable Under Ritchie Bros.' Standalone Plan

3 weeks ago - PRNewsWire

Proxy advisors urge shareholders to reject Ritchie Bros bid for IAA

Proxy advisory firms Institutional Shareholder Services and Glass Lewis on Monday recommended that shareholders reject Ritchie Brothers Auctioneers Inc's planned $7 billion acquisition of U.S. auto re...

3 weeks ago - Reuters

Rouse Services celebrates record-breaking customer growth in 2022

The Ritchie Bros.-owned company will launch its new inventory management system, Fleet Manager, at CONEXPO/CON-AGG in Las Vegas, NV next week LAS VEGAS , March 6, 2023 /PRNewswire/ - Rouse Services is...

3 weeks ago - PRNewsWire

Ritchie Bros. Thanks Shareholders for Their Strong Support of IAA Acquisition

Vontobel Asset Management, Which Owns 2.15% of Ritchie Bros. Shares, is Yet Another Ritchie Bros.

1 month ago - PRNewsWire

Ritchie Bros. Mails Letter to Shareholders Regarding IAA Acquisition

Urges All Shareholders to Vote "FOR" All Proposals Listed on the WHITE Proxy Card VANCOUVER, BC , March 3, 2023 /PRNewswire/ - Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) ("Ritchie B...

1 month ago - PRNewsWire