Equipment Theft Is $100 Million Problem [Yahoo! Finance]
Ritchie Bros. Auctioneers Incorporated (RBA)
Last ritchie bros. auctioneers incorporated earnings: 2/27 05:15 pm
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Source: Yahoo! Finance
April 10, 2025 /PRNewswire/ -- Equipment theft is a staggering $100 million -a-year crisis for the equipment rental industry, with more than 360 pieces of equipment vanishing each month according to the American Rental Association (ARA). This relentless wave of theft not only drains resources but threatens the stability of critical operations nationwide. The consequences of stolen equipment extend far beyond a single financial loss. Equipment theft drives up insurance rates and rental costs. It also disrupts access to critical machinery, delays vital infrastructure projects and strains entire industries that rely on timely, efficient operations. Once the equipment leaves the rental yard or job site with a fraudulent renter or thief, it is rarely recovered. Equipment commonly targeted by thieves, such as backhoes, bulldozers and loaders, is often sold on the black market or to unsuspecting buyers on popular resell sites. In response to the growing crisis of equipment theft, the A
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RBA
News
- RB Global (NYSE:RBA) (TSE:RBA) was upgraded by analysts at National Bank Financial from a "sector perform" rating to an "outperform" rating. They now have a $124.00 price target on the stock.MarketBeat
- Trucking carrier sentiment suppressed by weak rate environment and economic uncertainty: Ritchie Bros. [Yahoo! Finance]Yahoo! Finance
- RB Global (NYSE:RBA) (TSE:RBA) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=RBA&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street MarketBeat
- RB Global (NYSE:RBA) (TSE:RBA) had its price target raised by analysts at Royal Bank Of Canada from $132.00 to $133.00. They now have an "outperform" rating on the stock.MarketBeat
- RB Global (NYSE:RBA) (TSE:RBA) had its price target lowered by analysts at Bank of America Corporation from $120.00 to $114.00. They now have a "buy" rating on the stock.MarketBeat
RBA
Earnings
- 11/6/25 - Beat
RBA
Sec Filings
- 11/24/25 - Form 4
- 11/24/25 - Form 8-K
- 11/13/25 - Form 4
- RBA's page on the SEC website