BMO Capital Reiterates Outperform Rating on Ritchie Bros (RBA)

BMO Capital analyst John Gibson reiterated an Outperform rating and $130.00 price target on Ritchie Bros (NYSE: RBA).

The analyst comments "RB delivered another strong quarter and increased its quarterly dividend by 7% to $0.31/sh. The beat was driven by market share gains in its automotive business (IAA), while heavy volumes rebounded after a softer Q1. The company reiterated its 2025 GTV growth target of 0–3% (although this implies slightly softer volumes after taking Q2/25 results into account), and narrowed its adjusted EBITDA guidance to US$1,340–1,370 million (vs. US$1,320–1,380M prior). Post quarter, we increase our target price to $130 ($125 prior), reflecting ~17.7 x 2026E EV/EBITDA and reiterate our Outperform rating."

For an analyst ratings summary and ratings history on Ritchie Bros click here. For more ratings news on Ritchie Bros click here.

Shares of Ritchie Bros closed at $108.78 yesterday.

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