RB Global’s chief revenue officer sells $743,366 in stock

WESTCHESTER, IL—James J. Jeter, the Chief Revenue Officer of RB Global Inc. (NYSE:RBA), has recently sold a substantial portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Jeter sold 7,597 common shares on March 17, 2025, at an average price of $97.85 per share. The total value of the transaction amounted to $743,366. The stock currently trades at $98.47, with the company commanding a market capitalization of $18.3 billion.

Following this sale, Jeter retains ownership of 20,267 shares in the company. The transaction was conducted directly, and the shares were disposed of as part of his direct holdings. This sale was not part of an equity swap or any similar arrangement. InvestingPro data shows the company maintains strong financial health with a "GOOD" overall score, and has consistently paid dividends for 23 consecutive years.

RB Global Inc., formerly known as Ritchie Bros. Auctioneers Inc (TSX:RBA)., is a leader in business services, particularly in the auction sector. The company is headquartered in Westchester, Illinois. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value. Investors can access detailed valuation metrics and 9 additional ProTips in the comprehensive Pro Research Report, available exclusively to subscribers.

In other recent news, RB Global, Inc. reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $0.95, surpassing the consensus estimate of $0.79. The company’s revenue rose by 10% year-over-year to $1.14 billion, outpacing projections of $1.06 billion. Additionally, RB Global announced a definitive agreement to acquire J.M. Wood Auction Co., a move expected to enhance its geographic presence in Alabama and surrounding areas. The acquisition is anticipated to close in the second quarter of 2025, pending regulatory approvals.

RBC Capital Markets raised its price target for Ritchie Bros from $107 to $116, maintaining an Outperform rating, citing the company’s strong quarterly performance and robust business fundamentals. Similarly, BMO Capital Markets increased its price target to $120, also retaining an Outperform rating, following the company’s impressive fourth-quarter results and growth in Gross Transaction (JO:NTUJ) Value. RB Global’s financial outlook for 2025 includes a projected GTV growth of 0% to 3% and adjusted EBITDA between $1.32 billion and $1.38 billion.

The company’s total gross transaction value increased by 2% to $4.1 billion in the fourth quarter, with notable growth in the automotive sector. Inventory sales revenue rose by 15% to $266.1 million, driven by higher revenues in commercial construction and transportation. For the full year 2024, RB Global’s net income doubled to $412.8 million, with adjusted EBITDA rising 26% to $1.3 billion.

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