What Makes RB Global (RBA) a Good Investment?

Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. Mid-cap stocks had a challenging first quarter; the Russell Midcap® Growth Index, which was down 7.12%, had greater difficulties than the Russell Midcap® Value Index, which was down 2.11%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted stocks such as RB Global, Inc. (NYSE:RBA). RB Global, Inc. (NYSE:RBA) is a marketplace that offers insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles. The one-month return of RB Global, Inc. (NYSE:RBA) was -1.56%, and its shares gained 34.64% of their value over the last 52 weeks. On April 24, 2025, RB Global, Inc. (NYSE:RBA) stock closed at $98.73 per share with a market capitalization of $18.277 billion.

Carillon Eagle Mid Cap Growth Fund stated the following regarding RB Global, Inc. (NYSE:RBA) in its Q1 2025 investor letter:

"RB Global, Inc. (NYSE:RBA) is a global marketplace and provider of value-added insights, services, and transaction solutions for buyers and sellers of primarily construction equipment and salvaged automobiles. The company has exhibited a steady cadence of execution on all fronts, and its shares have responded accordingly. Management has successfully integrated the transformational acquisition of IAA and delivered operational improvement initiatives that allow the organization to better compete with its closest peer after years of underperformance under prior management. The company also continues to drive enhanced customer value and steady growth in its core Ritchie Bros. business."

RB Global, Inc. (NYSE:RBA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held RB Global, Inc. (NYSE:RBA) at the end of the fourth quarter compared to 29 in the third quarter. While we acknowledge the potential of RB Global, Inc. (NYSE:RBA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we covered RB Global, Inc. (NYSE:RBA) and shared Manole Capital Management's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.