NYSE:RBACommercial Services
RB Global (RBA) Stock Price Resets As Take Rate Pressure Clouds Growth
RB Global just had a sentiment reset. The stock slumped about 14% to US$95.63 after the Q2 print, even though the headline story was solid volume and earnings progress. Gross transaction value reached US$4.7b and grew in the double digits, while adjusted EBITDA and adjusted earnings per share each advanced by 6%.
Coming into today the stock had already slipped over the past month, which meant expectations were no longer euphoric. The sharp single-day drop now appears to be driven less by...