Analyst Ratings

Date	Action	Analyst	Rating	Target
May-28-26	Initiated	Barclays	Overweight	$124
Nov-24-25	Reiterated	National Bank		$56 → $124
Oct-28-25	Upgrade	B of A Securities	Neutral → Buy
Nov-11-24	Reiterated	BMO Capital	Outperform	$105 → $107
Sep-04-24	Reiterated	BMO Capital	Outperform	$105
Aug-26-24	Reiterated	Bank of America Securities		$79 → $93
Jul-20-23	Upgrade	Raymond James	Market Perform → Outperform
May-18-23	Upgrade	National Bank Financial Inc	Sector Perform → Outperform
May-04-23	Upgrade	OTR Global	Mixed → Positive
Dec-05-22	Upgrade	Scotiabank	Sector Perform → Sector Outperform	$65

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	4,736	4,671	4,284	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	2,592	2,997	2,280
Gross Profit	2,144	1,674	2,005
Selling, General and Administrative Excl. Other	868	905	774
Research and Development	0	0	0
Other Operating Expense	389	-56	470
Operating Income	886	825	761
Interest Expense	188	195	234
Unusual Expense	—	—	—
Non-Operating Income (Expense)	129	85	-23
Net Income Before Taxes	569	545	550
Income Taxes	118	110	137
Consolidated Net Income	453	436	413
Net Income From Continuing Operations	452	435	413
Net Income	453	436	413
EPS (Recurring)	2.18	2.09	2.03
EPS (Basic, Before Extraordinaries)	2.18	2.09	2.03
EPS (Diluted)	2.15	2.08	2.01
EBITDA	1,326	1,395	1,383
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	51.43	49.46	—
Price To Sales Ratio	4.34	4.07	—
Gross Margin	45.27	35.84	46.80
Operating Margin	18.71	17.66	17.76
Net Margin	9.57	9.33	9.64
Shares Outstanding	186	185	184
Market Capitalization	20,566	19,031	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Stein Deborah	Director	May 19 '26	Buy	103.15	425	43,839	1,825	May 19 12:00 AM
Carlson Christopher	Chief Accounting Officer	May 05 '26	Sale	110.00	140	15,400	3,664	May 06 12:00 AM
Sieger Michael D	Director	Apr 30 '26	Option Exercise	0.00	3,836	0	7,619	May 04 12:00 AM
DeWitt Adam	Director	Apr 30 '26	Option Exercise	0.00	3,836	0	7,783	May 04 12:00 AM
Morrison Gregory B	Director	Apr 30 '26	Option Exercise	0.00	3,836	0	4,583	May 04 12:00 AM
Stein Deborah	Director	Mar 18 '26	Buy	98.74	400	39,496	1,400	Mar 19 12:00 AM
Carlson Christopher	Chief Accounting Officer	Mar 14 '26	Option Exercise	0.00	5,294	0	3,906	Mar 17 12:00 AM
Watt Darren Jeffrey	Chief Legal Officer	Mar 14 '26	Option Exercise	0.00	27,288	0	36,254	Mar 17 12:00 AM
Schmit Jennifer Laura	Chief People Officer	Mar 14 '26	Option Exercise	0.00	3,206	0	2,007	Mar 17 12:00 AM
LEWIS MICHAEL THOMAS STEVEN	Chief Operations Officer	Mar 14 '26	Option Exercise	0.00	10,188	0	3,644	Mar 17 12:00 AM
KESSLER JAMES FRANCIS	Chief Executive Officer	Mar 14 '26	Option Exercise	0.00	497,936	0	317,736	Mar 17 12:00 AM
Guerin Eric	Chief Financial Officer	Mar 14 '26	Option Exercise	0.00	18,786	0	10,666	Mar 17 12:00 AM
KESSLER JAMES FRANCIS	Chief Executive Officer	Jan 21 '26	Sale	115.00	20,742	2,385,330	107,569	Jan 22 12:00 AM
KESSLER JAMES FRANCIS	Chief Executive Officer	Jan 21 '26	Option Exercise	80.00	41,484	3,318,720	128,311	Jan 22 12:00 AM
Stein Deborah	Director	Nov 13 '25	Buy	101.26	1,000	101,258	1,000	Nov 13 12:00 AM


Market Cap	19.98B	Forward P/E	23.11	EPS next Y	4.78	Insider Trans	0.32%	Shs Float	-	Perf Month	7.05%


Enterprise Value	23.37B	PEG	3.96	EPS next Q	1.15	Inst Own	-	Short Float	-	Perf Quarter	15.37%


Income	449.59M	P/S	4.24	EPS this Y	102.35%	Inst Trans	-	Short Ratio	-	Perf Half Y	6.12%


Sales	4.71B	P/B	3.27	EPS next Y	9.97%	ROA	3.62%	Short Interest	-	Perf YTD	7.49%


Book/sh	32.86	P/C	19.01	EPS next 5Y	5.04%	ROE	7.47%	52W High	119.57 -7.53%	Perf Year	5.38%


Cash/sh	4.63	P/FCF	25.21	EPS past 3/5Y	-	ROIC	6.35%	52W Low	93.58 18.16%	Perf 3Y	-


Dividend Est.	1.24 (1.12%)	EV/EBITDA	17.54	Sales past 3/5Y	39.14% 27.67%	Gross Margin	42.61%	Volatility	1.72% 1.74%	Perf 5Y	-


Dividend TTM	1.24 (1.12%)	EV/Sales	4.96	EPS Y/Y TTM	101.99%	Oper. Margin	18.76%	ATR (14)	2.83	Perf 10Y	-


Dividend Ex-Date	May 27, 2026	Quick Ratio	1.07	Sales Y/Y TTM	10.55%	Profit Margin	9.53%	RSI (14)	61.51	Recom	2.46


Dividend Gr. 3/5Y	4.89% 7.39%	Current Ratio	1.14	EPS Q/Q	6.74%	SMA20	4.29%	Beta	0.81	Target Price	124.00


Payout	58.39%	Debt/Eq	0.70	Sales Q/Q	11.36%	SMA50	5.49%	Rel Volume	1.32	Prev Close	107.32


Employees	7,900	LT Debt/Eq	0.86	Earnings	Aug 05	SMA200	5.36%	Avg Volume	1.08M	Price	110.57


IPO Date	Mar 10, 1998	Option/Short	Yes / Yes	EPS/Sales Surpr.	-2.06% 6.61%	Net Debt/EBITDA	2.54	Volume	1,424,716	Change	3.03%

RBA