RB Global Inc

RBA: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 15.00	Ctdxrw	Ysyztvtd

Ritchie Bros.: The IAA Deal Marks the Start of a New Era

Dawit Woldemariam

Apr 13, 2023

Business Strategy and Outlook

Ritchie Bros. provides auction and marketplace services for used heavy equipment. The company’s strong auction liquidity attracts both buyers and sellers to its network. We believe Ritchie Bros. will continue to be the top player in the industrial asset disposition market. The network effects present in its business have consistently delivered higher average selling prices for consignors (or sellers) and provided buyers a wide range of equipment to choose from. For both parties, Ritchie Bros. drives significant amount of value, which has allowed it to monetize its network effects and develop a strong competitive positioning.

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