Ritchie Bros. Auctioneers Incorporated (RBA)
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]
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 StatementsAnalyst 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.
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.

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.

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...

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.

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.

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.

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) (“...

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 ...

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...

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...

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.

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...

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”...

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.

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...

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”...

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...

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.

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...

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...

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

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...

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...

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.

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...