11:49 AM EST, 02/19/2025 (MT Newswires) -- BMO notes that RB Global ( RBA ) delivered a solid fourth-quarter beat, with 2024 EBITDA well ahead of guidance, driven by stronger-than-expected GTV growth, particularly in the auto sector.

"While Q1 results are expected to be softer Y/Y (Q1/24 benefited from some one-time wins), we expect a pick-up in results as 2025 progresses," notes BMO analyst John Gibson. RB Global ( RBA ) expects GTV growth of 0-3% and EBITDA of $1,320-1,380 million for 2025.

Maintain Outperform, target raised to $120 ($116 prior).

Price: 150.14, Change: +13.20, Percent Change: +9.64