RB Global Q2 earnings test IAA volume growth and buyback plans

RB Global Inc reports second-quarter earnings Tuesday after market close, with investors focused on whether its IAA salvage auto unit can deliver expected volume growth. Analysts forecast earnings of $1.16 per share on revenue of $1.23 billion, up 8.4% and 3.4% year-over-year respectively. The EPS forecast implies a 14.9% sequential jump from the prior quarter's $1.01, with the May BigIron acquisition adding incremental contributions. Analysts rate the stock a Buy with a mean price target of $127.91, implying 14% upside from the current $112.22 price. Ten of 12 analysts hold Buy ratings, with two Holds and no Sells, though EPS estimates have slipped 1.3% over two months. Raymond James upgraded the stock to Strong Buy on June 30, citing IAA market share gains and "healthy volume re-acceleration in 2Q26." Investors will scrutinize commentary on commercial construction and transportation markets, plus updates on the March 2026 share repurchase program for up to 10 million shares and $500 million. The results test whether growth justifies the stock's 24.6 forward P/E multiple.