Business · Companies · 2 hrs ago
Movida’s third-quarter profit rises 117% to R$152.1 million
Brazilian car rental company Movida earned R$152.1 million in the third quarter of 2026, up 117.4% from the same period a year earlier.
Its revenue increased 2.8% to R$3.87 billion, while consolidated EBITDA rose 21.4% to R$1.795 billion.
The company said growth came from service pricing, a larger market share and cost control.
Movida has also started doing more vehicle maintenance at its own facilities, rather than relying only on outside workshops.
Its net debt reached R$17.5 billion, but debt compared with EBITDA improved to 2.56 times, from 2.74 times a year earlier.
CEO Gustavo Moscatelli said the company plans to expand its maintenance stops from 11 to more than 50 next year.
Movida reported net profit of R$152 million in the third quarter of 2026, up 117% from a year earlier.
The result was the company’s highest quarterly profit in four years, according to Exame.
Revenue from car rentals rose, while revenue from used-car sales fell as Movida kept more vehicles in its rental fleet during the busy season.
The company’s net revenue increased 2.8% to R$3.870 billion.
Movida said pricing, market-share gains and cost discipline supported growth.
- Who
- Movida, a vehicle-rental company.
- What
- It reported net profit of R$152 million for the third quarter of 2026, up 117% year on year.
- When
- The third quarter of 2026. The results were reported on October 27, 2026.
- Where
- Not stated.
- Why
- The company cited service pricing, market-share growth and cost discipline. It also kept more cars in its rental fleet during the busy season rather than selling them as used vehicles.
This story does not have two clearly opposing sides.
Movida disclosed a preliminary result, which Exame said the reported profit confirmed.
The company recorded net profit of R$152 million and sold 20,051 used vehicles.
Movida accelerated the phase-out and sale of vehicles after keeping more cars in its rental fleet during the seasonal period.
Outlets reported Movida’s third-quarter results.
- Net profit
- R$152 million, up 117% year on year
- Net revenue
- R$3.870 billion, up 2.8%
- Consolidated EBITDA
- R$1.795 billion, up 21.4%
- Rental days
- 7.4 million, up 22%
- Used vehicles sold
- 20,051, down 18.1%
- Net debt
- R$17.5 billion, compared with R$15.5 billion in the third quarter of 2025
5 sources
Movida registra lucro de R$ 152 milhões no 3° tri, alta de 117%
Movida (MOVI3) tem lucro líquido de R$ 152 mi no 3º trimestre, alta de 117% ao ano
Movida tem lucro líquido de R$ 152 mi no 3º trimestre, alta de 117%
Movida dobra o lucro no 3º tri com mais carros alugados e menos usados à venda
What people are saying
We always carried out all maintenance through outsourced workshops and began to bring maintenance in-house at the beginning of this year. We opened centers to prepare used cars before sale and pit stops for RAC maintenance in shopping centers and supermarkets.
Where we allocate more capital, we are generating more returns. So we keep the cars rented for a little longer and, after the seasonal period ends, accelerate their phase-out and sale.
It will show up in the results over the next few quarters.