Ritchie Bros. Sells Nearly CAD$250 Million In Heavy Equipment Assets And Vehicles At Premier Canada Auction Event
Portfolio Pulse from Benzinga Newsdesk
RB Global, Inc. (NYSE:RBA) (TSX:RBA), operating as Ritchie Bros. Auctioneers, achieved a new Canadian record by selling over 14,500 equipment items, trucks, and vehicles for nearly CAD$250 million at its premier auction event in Edmonton, AB. The event, which took place from April 29 to May 3, 2024, attracted more than 21,000 bidders from 43 countries. A significant majority of the equipment, 94.2%, was sold to Canadians, with 63.3% of purchases made by Albertans. The remaining 5.8% was bought by international buyers from countries including Saudi Arabia, Italy, and the Netherlands.
May 07, 2024 | 9:47 pm
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RB Global, Inc. (RBA) achieved a record sale of nearly CAD$250 million in its premier Canada auction, indicating strong performance and market presence.
The record sales figure of nearly CAD$250 million from the auction event directly reflects on RB Global, Inc.'s operational success and its ability to attract a large number of bidders internationally. This significant achievement is likely to be viewed positively by investors and could lead to increased investor confidence in RBA's stock, potentially driving its price up in the short term.
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