RBA Stock Summary and Trading Ideas (RB Global | NYSE:RBA)

RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment; since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.

RB Global trades on the NYSE stock market under the symbol RBA.

As of April 26, 2024, RBA stock price declined to $73.18 with 443,809 million shares trading.

RBA has a beta of 1.40, meaning it tends to be more sensitive to market movements. RBA has a correlation of 0.30 to the broad based SPY ETF.

RBA has a market cap of $13.41 billion. This is considered a Large Cap stock.

Last quarter RB Global reported $1 billion in Revenue and $.82 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.12.

In the last 3 years, RBA stock traded as high as $77.99 and as low as $48.65.

The top ETF exchange traded funds that RBA belongs to (by Net Assets): VTI, VB, VXF, VBK, VIG.

RBA has outperformed the market in the last year with a price return of +33.1% while the SPY ETF gained +27.4%. RBA has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.0% and +0.2%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

RBA support price is $72.50 and resistance is $74.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RBA stock will trade within this expected range on the day.