Latest news with #onlineauctions
Yahoo
20 hours ago
- Business
- Yahoo
The City of Bentonville, AR Renews Partnership with GovDeals to Sell Surplus Properties
The city moves away from traditional newspaper advertising in favor of a global online auction platform BENTONVILLE, Ark., June 08, 2025 (GLOBE NEWSWIRE) -- The City of Bentonville, AR is once again partnering with GovDeals, the leading online marketplace for government agencies to sell real estate, vehicles, equipment, and other items, to resume conducting virtual auctions for the city's surplus assets. The shift to online auctions addresses the limitations of traditional newspaper advertising, offering broader reach and increased efficiency in connecting with potential buyers globally. 'We are increasing our GovDeals listings because that is where the buyers are,' said City of Bentonville Purchasing Manager Kelsi Frederick. 'Online auctions provide us with more opportunities to move inventory and secure funds for local initiatives. This decision reflects our commitment to embracing modern, efficient methods of commerce.' Since partnering with GovDeals, the City of Bentonville has successfully generated over $429,000 in sales, demonstrating the effectiveness of online auctions in maximizing revenue from surplus assets. Last year alone, auctioning surplus online netted the city over $142,000, underscoring the financial benefits of this partnership. All forthcoming auctions can be found directly on GovDeals. In order to bid on items from the City of Bentonville or any asset on GovDeals, potential buyers must first create an account and complete the free and easy registration form. New bidder registration can be completed at About GovDeals GovDeals is the world's leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation assets to industrial machinery and real estate properties. GovDeals specializes in surplus disposition technology, partnering with government agencies and related entities to sell "as is, where is" surplus assets, equipment, and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. GovDeals is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ: LQDT), which has supported millions of customers across the globe. GovDeals buyers have direct access to all the surplus assets across Liquidity Services' network of marketplaces in one centralized location. CONTACT: Contact: Angela Jones, GovDeals (334)-301-7823 ajones@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
20 hours ago
- Business
- Associated Press
The City of Bentonville, AR Renews Partnership with GovDeals to Sell Surplus Properties
BENTONVILLE, Ark., June 08, 2025 (GLOBE NEWSWIRE) -- The City of Bentonville, AR is once again partnering with GovDeals, the leading online marketplace for government agencies to sell real estate, vehicles, equipment, and other items, to resume conducting virtual auctions for the city's surplus assets. The shift to online auctions addresses the limitations of traditional newspaper advertising, offering broader reach and increased efficiency in connecting with potential buyers globally. 'We are increasing our GovDeals listings because that is where the buyers are,' said City of Bentonville Purchasing Manager Kelsi Frederick. 'Online auctions provide us with more opportunities to move inventory and secure funds for local initiatives. This decision reflects our commitment to embracing modern, efficient methods of commerce.' Since partnering with GovDeals, the City of Bentonville has successfully generated over $429,000 in sales, demonstrating the effectiveness of online auctions in maximizing revenue from surplus assets. Last year alone, auctioning surplus online netted the city over $142,000, underscoring the financial benefits of this partnership. All forthcoming auctions can be found directly on GovDeals. In order to bid on items from the City of Bentonville or any asset on GovDeals, potential buyers must first create an account and complete the free and easy registration form. New bidder registration can be completed at . About GovDeals GovDeals is the world's leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation assets to industrial machinery and real estate properties. GovDeals specializes in surplus disposition technology, partnering with government agencies and related entities to sell 'as is, where is' surplus assets, equipment, and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days with more control and lower fees than traditional auction solutions. GovDeals is powered by one of the most experienced and trusted companies in the surplus industry: Liquidity Services (NASDAQ: LQDT), which has supported millions of customers across the globe. GovDeals buyers have direct access to all the surplus assets across Liquidity Services' network of marketplaces in one centralized location. Contact: Angela Jones, GovDeals (334)-301-7823 [email protected]
Yahoo
15-05-2025
- Business
- Yahoo
Market shifts fuel growth of global online equipment auctions
TBAuctions reports over 50% growth in European B2B online auctions between 2021 and 2024 AMSTERDAM, May 15, 2025 /PRNewswire/ -- The European industrial equipment market is undergoing significant changes, marked by a surge in online auctions. TBAuctions, Europe's leading digital auction house for used B2B goods, has seen a spike in hammersales, growing by more than 50% to approximately EUR 1.5B, representing a significant growth over the past three years. The newly released TBAuctions Market Pulse 2024 details this trend, while also highlighting positive development in average prices and faster equipment turnover across industries, signalling a shift in how businesses acquire and repurpose assets. The expanding role of the secondary equipment marketThe global online auction market size was valued at approximately USD 19.6 billion in 2024 and is expected to reach USD 55.95 billion by 2033, growing at a double-digit CAGR during the forecast period (Business Research Insights, 2024)[1]. TBAuctions is at the forefront of this growth in Europe with a CAGR exceeding 15%, emphasizing the increasing role of auctions in the secondary equipment market. Used machinery is becoming a cost-effective solution for many companies, besides the sustainability benefits of giving business assets a second life, conserving raw materials, reducing CO2 emissions, and promoting the circular economy. Tom Christenson, CEO of TBAuctions, comments: "Online auctions are increasingly seen as a strategic business tool. Rising production costs, regulatory changes, and geopolitical uncertainty are prompting companies to rethink asset management. The ability to sell surplus equipment to a global buyer base enhances financial flexibility, enabling companies to reinvest in newer assets and stay competitive." Rising equipment turnover and demand shiftsData from the TBAuctions Market Pulse shows rising equipment turnover, marked by lower median ages and higher average prices. Key verticals saw strong year-over-year volume growth: Agriculture (+15%), Construction & Earthmoving (+19%), and Transport & Logistics (+25%). In Agriculture, tractor sales surpassed 3,200 lots—a 12.1% increase from 2023—with average values up 8.1% to nearly EUR 20,000, reflecting sustained demand. Construction & Earthmoving reported more than 4,100 excavators sold (+16.3%), with average lot values up 4.9% to EUR 30,592. Median unit age dropped by two years, suggesting a shift to newer machines. Transport & Logistics also performed well, with truck sales exceeding 3,100 units (+10.9%). Average prices hit EUR 24,248, and median age fell by one year, highlighting ongoing fleet renewal. International dynamicsThe growth of digital auction platforms is reshaping cross-border equipment sales. As regulations vary by country, equipment that may be obsolete in one market can still hold value in another, leading to increased cross-border transactions. For example, TBAuctions' brand Troostwijk Auctions saw its cross-border business grow by an average of 18% per year, totaling 65% growth between 2021 and 2024. Curious about TBAuctions Market Pulse 2024? Click here. About TBAuctions TBAuctions (TBA) is Europe's leading digital auction platform for B2B used industrial equipment. Together with our brands, Klaravik, Troostwijk Auctions, Surplex, Auksjonen, PS Auctions, British Medical Auctions, Vavato, HT Auctions & Valuations, and Auktionshuset dab, TBA is sourcing locally and selling globally, 2.2M lots are auctioned annually as our websites receive 177M visits and 750K unique bidders per year. Funds managed by Castik Capital are the majority owners of TBAuctions, with Summa Equity as the minority shareholder. [1] Online Auction Market Report, Business Research Insights, 2025. Photo - View original content to download multimedia: SOURCE TBAuctions Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
08-05-2025
- Business
- Entrepreneur
Liquidity Services (LQDT): The Hidden Winner in Internet Retail
If you think online auctions are just for collectibles and eBay (NASDAQ: EBAY) … then Liquidity Services (NASDAQ: LQDT) might surprise you. Here's why it's watchlist worthy. This story originally appeared on WallStreetZen If you think online auctions are just for collectibles and eBay (NASDAQ: EBAY) … then Liquidity Services (NASDAQ: LQDT) might surprise you. Not only is this an A-rated stock in our Zen Ratings system (and stocks with a Zen Rating of A had an average return of +32.52% per year) … but it's also the #1 pick in the B-rated internet retail industry. Why? It has to do with a quiet network effect that's taking hold in a growing industry. Let's take a closer look. LQDT's Network Effect LQDT is quietly building a digital auction empire for the real economy—surplus industrial assets, government vehicles, retail returns, and more. In other words: while eBay connects buyers with sneakers and vintage toys, LQDT connects buyers with forklifts, generators, and unsold consumer goods. That difference matters, and it's part of why Liquidity has quietly returned 564% since May 2020, vastly outperforming the broader market: At the core of LQDT's business is a powerful, underrated network effect. With over 5.5 million registered buyers across its marketplaces—GovDeals, Machinio, Capital Assets Group, and the Retail Supply Chain Group—LQDT is a rare case of a B2B platform that gains strength the more it grows, because: Sellers want access to the most buyers. Buyers want access to the widest inventory. LQDT delivers both, creating a flywheel that's increasingly hard to disrupt. eBay and LQDT are Playing a Different Game eBay is often seen as the dominant player in online auctions, but it's not even a direct competitor in this case. eBay serves mostly C2C and small sellers. LQDT, on the other hand, serves governments, Fortune 500s, and industrial giants, giving it a business model that's more defensible and less cyclical. That moat is starting to show up in the numbers: Revenue grew 72% year over year in the latest quarter. GMV (Gross Merchandise Volume) hit a record $386 million, up 26%. EPS doubled. ROIC is climbing. And unlike many high-growth tech stocks, LQDT is profitable, debt-light, and cash-rich. Even better? The total addressable market is huge—over $130 billion by company estimates—and largely untapped. The shift toward reverse logistics, surplus recovery, and ESG-friendly resale isn't going away. If anything, it's accelerating. LQDT Fundamentals To be fair, the stock isn't dirt cheap. It scores a C according to our Zen Component Grades. But with a long runway for growth, a strong balance sheet, and a tech-enabled platform that's steadily widening its moat, LQDT could be a smart way to play the rise of the circular economy. That's why it scores an A for Growth … according to our assessment of profit margin improvements, free cash flow momentum, operating income growth, and more. Click here to see LQDT's other Zen Rating Component Grades. Another good thing about LQDT is that it sidesteps the most common errors we see with growth stock investing. And it doesn't hurt that the two top Wall Street analysts who cover the stock both rate it a Buy with plenty of upside: Click here to see LQDT price predictions. So whether or not LQDT becomes the 'eBay of B2B,' it may already be one of the internet's most valuable auction businesses most people have never heard of. That's why I'm keeping it on my watchlist. Click here to add it to your own. Want to take a closer look at the sector? Click here to see our other top-screening Internet Retail stocks. What to Do Next?
