Core Viewpoint - Investors in RB Global, Inc. (RBA) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Dec 19, 2025 $92.50 Call option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectation of future price movement, with high levels suggesting anticipation of a significant price change or an upcoming event that could trigger a rally or sell-off [2] - The current high implied volatility for RB Global options may signal a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4] Group 2: Analyst Sentiment - RB Global currently holds a Zacks Rank of 4 (Sell) within the Financial Transaction Services industry, which is in the bottom 38% of the Zacks Industry Rank [3] - Over the past 60 days, no analysts have raised their earnings estimates for the current quarter, while one analyst has lowered the estimate, resulting in a decrease in the Zacks Consensus Estimate from $1.04 to $0.97 per share [3]

Company Overview - RB Global, Inc. (RBA) and Copart, Inc. (CPRT) are leading companies in the global online auction and marketplace sector, primarily focusing on vehicles and commercial assets [1]. Investment Philosophy - The investment philosophy emphasizes the importance of compounding, dividend reinvesting, and patient investing through various market conditions to achieve wealth accumulation [1]. - The approach combines steady investment in high-quality assets with high-risk, high-reward opportunities, underappreciated turnaround plays, and transformative technologies [1]. Academic Background - The individual has a PhD from Brunel University and has been teaching at the college/university level for over 20 years, indicating a strong academic foundation [1].

Core Insights - RB Global reported Q3 CY2025 revenue of $1.09 billion, exceeding analyst expectations of $1.06 billion, reflecting an 11.3% year-on-year growth [5] - Non-GAAP profit per share was $0.93, surpassing estimates by 17.3% [5] - Adjusted EBITDA reached $327.7 million, with a margin of 30%, also beating analyst expectations [5] Revenue and Profit Performance - Revenue of $1.09 billion represented an 11.3% increase year-on-year and a 3.4% beat against analyst estimates [5] - Adjusted EPS of $0.93 exceeded analyst estimates of $0.79 by 17.3% [5] - Adjusted EBITDA of $327.7 million was above the expected $302.8 million, with an EBITDA margin of 30% [5] Operational Highlights - The automotive sector showed strength with a 9% year-on-year increase in unit volumes, contributing to market share gains [6] - The partnership with the U.S. General Services Administration (GSA) was expanded, allowing RB Global to manage around 35,000 government vehicles annually [6] - Operational efficiencies were noted, with a 25% increase in yard capacity compared to pre-transaction levels, and on-time performance metrics remained high at 99.7% and 99.8% [6] Strategic Initiatives - The company implemented a new operating model and realigned executive leadership, aiming for over $25 million in run rate savings by Q2 2026 [6] - RB Global announced the acquisition of Smith Broughton Auctioneers and Allied Equipment Sales, enhancing its regional presence, while divesting DDI Technologies to focus on core operations [7] Future Outlook - Management raised the full year 2025 adjusted EBITDA guidance, reflecting ongoing operational discipline and cost management strategies [3] - The company is cautious about external factors such as macroeconomic uncertainty that could impact future performance [3]

Core Insights - RB Global (NYSE:RBA) reported Q3 CY2025 revenue of $1.09 billion, reflecting an 11.3% year-on-year growth, surpassing analyst estimates by 3.4% [1][8][9] - The company's non-GAAP profit was $0.93 per share, exceeding consensus estimates by 17.3% [1][8] - Market capitalization stands at $18.12 billion [8] Company Overview - RB Global, rebranded in 2023, connects buyers and sellers of commercial assets, vehicles, and equipment across various industries [3] Revenue Growth - Over the past 12 months, RB Global generated $4.53 billion in revenue, indicating it is a mid-sized business services company [5] - The company has achieved a compounded annual growth rate of 27.8% in sales over the last five years, demonstrating strong demand compared to peers [6] - Recent annualized revenue growth of 21.2% over the last two years is below the five-year trend but still indicates healthy demand [7] Financial Performance - Adjusted EBITDA for the quarter was $327.7 million, with a margin of 30%, beating analyst expectations by 8.2% [8] - Operating margin decreased to 14.5% from 15.6% year-on-year, while free cash flow margin also declined to 17.3% from 23.2% [8] - Analysts project a revenue growth of 2.4% over the next 12 months, indicating potential demand headwinds [9]

Third Quarter 2025 © 2025 RB Global, Inc. | All Rights Reserved Forward-Looking Statements Forward-Looking Statements: Certain statements contained in this presentation include "forward-looking statements" within the meaning of U.S. federal securities laws and "forward-looking information" within the meaning of Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements herein include, in particular statements relating to future financial and operational results, opport ...

Core Insights - The article compiles significant research calls from Wall Street that are influencing market movements [1] Upgrades Summary - Argus upgraded Warner Bros. Discovery (WBD) to Buy from Hold with a price target of $27, citing potential bidding wars that could increase offers [2] - H.C. Wainwright upgraded Core Scientific (CORZ) to Buy from Neutral with a price target of $25, anticipating that the proposed takeover by CoreWeave (CRWV) will not pass the shareholder vote [2] - UBS upgraded Upwork (UPWK) to Buy from Neutral with an unchanged price target of $21, expecting a return to positive services volume growth in the next two quarters due to improved web traffic and a shift towards higher-value services [2] - RBC Capital upgraded Cadence Bank (CADE) to Outperform from Sector Perform with a new price target of $47, increased from $43, aligning with Huntington (HBAN) following their merger announcement [2] - BofA upgraded RB Global (RBA) to Buy from Neutral with a price target of $120, believing the risk-reward profile has become more favorable after a recent share price pullback [2]

Group 1 - RB Global, Inc. announced the launch of a new Market Alliance in Guatemala with Auto Traders of America (ATA) [1] - This alliance is part of IAA's ongoing strategy to expand its international presence [1] - Auto Traders of America will operate a vehicle auction center and provide local services [1]

Core Insights - The article compares two Financial Transaction Services stocks, Evertec (EVTC) and RB Global (RBA), to determine which is more attractive to value investors [1] Group 1: Zacks Rank and Earnings Outlook - Evertec has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while RB Global has a Zacks Rank of 4 (Sell) [3] - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, suggesting that EVTC is likely experiencing a more favorable earnings outlook [3] Group 2: Valuation Metrics - Evertec has a forward P/E ratio of 9.79, significantly lower than RB Global's forward P/E of 30.39 [5] - The PEG ratio for Evertec is 1.40, while RB Global's PEG ratio is 2.54, indicating that EVTC is expected to grow earnings at a more favorable rate relative to its price [5] - Evertec's P/B ratio is 3.55 compared to RB Global's P/B of 3.96, further supporting the valuation advantage of EVTC [6] Group 3: Overall Value Assessment - Based on various valuation metrics, Evertec holds a Value grade of A, while RB Global has a Value grade of C, indicating that EVTC is currently the superior value option [6]

Core Viewpoint - The comparison between Evertec (EVTC) and RB Global (RBA) indicates that EVTC presents a better value opportunity for investors in the Financial Transaction Services sector [1]. Group 1: Zacks Rank and Earnings Outlook - Evertec has a Zacks Rank of 1 (Strong Buy), while RB Global has a Zacks Rank of 4 (Sell), suggesting that EVTC is likely experiencing a more favorable earnings outlook [3]. - The Zacks Rank focuses on companies with positive earnings estimate revisions, which is a critical factor for investors [2]. Group 2: Valuation Metrics - EVTC has a forward P/E ratio of 10.54, significantly lower than RBA's forward P/E of 30.41, indicating that EVTC may be undervalued [5]. - The PEG ratio for EVTC is 1.50, while RBA's PEG ratio is 2.54, further suggesting that EVTC is a more attractive investment based on expected earnings growth [5]. - EVTC's P/B ratio is 3.82 compared to RBA's P/B of 3.96, reinforcing the notion that EVTC is relatively undervalued [6]. Group 3: Value Grades - Based on various valuation metrics, EVTC holds a Value grade of B, while RBA has a Value grade of C, indicating that EVTC is the preferred choice for value investors [6].

Core Viewpoint - The iShares S&P Mid-Cap 400 Growth ETF (IJK) is a significant investment vehicle in the Mid Cap Growth segment of the US equity market, with over $8.91 billion in assets, providing investors with a diversified and growth-oriented option [1]. Group 1: ETF Overview - Launched on July 24, 2000, IJK is designed to provide broad exposure to the Mid Cap Growth segment of the US equity market [1]. - The ETF is sponsored by Blackrock and has become one of the larger ETFs in its category [1]. - The fund has an annual operating expense ratio of 0.17%, which is competitive within its peer group [4]. Group 2: Investment Characteristics - Mid cap companies, with market capitalizations between $2 billion and $10 billion, are generally seen as having higher growth prospects and lower volatility compared to large and small cap companies [2]. - Growth stocks, while having higher sales and earnings growth rates, also come with higher valuations and associated risks [3]. Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Industrials sector, comprising about 29.1% of the portfolio, followed by Financials and Consumer Discretionary [5]. - The top holding, Interactive Brokers Group Inc, accounts for approximately 1.61% of total assets, with the top 10 holdings making up about 11.43% of total assets under management [6]. Group 4: Performance Metrics - IJK aims to match the performance of the S&P MidCap 400 Growth Index, with a year-to-date return of approximately 2.76% and a one-year return of about 5.25% as of August 18, 2025 [7]. - The ETF has a beta of 1.06 and a standard deviation of 20.02% over the trailing three-year period, indicating a medium risk profile [8]. Group 5: Alternatives and Market Position - IJK holds a Zacks ETF Rank of 2 (Buy), indicating strong expected performance based on various factors [9]. - Other comparable ETFs include the Vanguard Mid-Cap Growth ETF (VOT) and the iShares Russell Mid-Cap Growth ETF (IWP), with VOT having $17.40 billion in assets and IWP with $19.98 billion [10].