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Ritchie Bros stock price target raised to $130 from $125 at BMO Capital

Published 07/08/2025, 13:34
Ritchie Bros stock price target raised to $130 from $125 at BMO Capital
RBA
2.79%

Investing.com - BMO Capital reiterated its Outperform rating on Ritchie Bros (NYSE:RBA) while raising its price target to $130 from $125 following the company’s strong quarterly performance. The stock, currently trading near its 52-week high of $111.70, has delivered an impressive 42.44% return over the past year. According to InvestingPro analysis, the company is currently trading above its Fair Value.

Ritchie Bros reported robust quarterly results driven by market share gains in its automotive business (IAA), with heavy volumes recovering after a softer first quarter of 2025. The company also increased its quarterly dividend by 7% to $0.31 per share, maintaining its 23-year streak of consecutive dividend payments. InvestingPro data reveals the company maintains a "GOOD" overall financial health score, operating with a moderate debt level.

The auctioneer maintained its 2025 Gross Transaction (JO:NTUJ) Value (GTV) growth target of 0-3%, though BMO noted this implies slightly softer volumes after accounting for second-quarter 2025 results.

Ritchie Bros narrowed its adjusted EBITDA guidance to US$1,340-1,370 million, compared to its previous guidance of US$1,320-1,380 million, reflecting more precise expectations for the remainder of the year.

BMO’s new $130 price target represents approximately 17.7 times the company’s estimated 2026 EV/EBITDA ratio, according to the research firm’s analysis.

In other recent news, RB Global Inc. reported its second-quarter 2025 earnings, surpassing Wall Street expectations. The company achieved an earnings per share (EPS) of $1.07, compared to the forecasted $0.96, representing an 11.46% surprise. Additionally, RB Global’s revenue reached $1.19 billion, exceeding the anticipated $1.13 billion by 5.31%. These results highlight the company’s strong financial performance for the quarter. Despite the positive earnings report, the company’s stock experienced a slight decline in after-hours trading. While the stock movement is not the focus, the financial results remain a significant point of interest for investors. These recent developments reflect RB Global’s current standing in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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