Movida is a Brazilian car-rental company that nearly doubled the money it makes from selling used cars in a single year—then paid out almost a tenth of its share price back to owners as dividends, despite carrying heavy debts. Full nameMovida Participações S.A. Tickers / exchangeMOVI3 / São Paulo (B3) HeadquartersSão Paulo, Brazil SectorRental & Leasing Services Employees7,000 Market valueR$3.23bn (US$639m) Yearly sales (TTM)R$14.9bn (US$2.9bn) Net profitR$318m (US$63m) Net margin2.4% (our calculation) Return on equity12.9% Price-to-earnings7.7 Dividend yield9.4% Websiteri.movida.com.br What it is Movida runs two connected businesses. It rents cars …
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