BRAZIL · MARKETS
Key Facts
- —What is happening Movida, a Brazilian car rental company listed in São Paulo, posted third quarter net profit of 152.1 million reais (about US$28 million), up 117% from a year earlier.
- —Why it matters It is the company’s best quarterly profit in four years, and Movida says it has met its own profit guidance, its published profit target, for the fourth quarter running.
- —The numbers Gross rental revenue hit a record 2.7 billion reais (about US$505 million), up 19%, and EBITDA, operating profit before interest, tax and depreciation, rose 21% to 1.8 billion reais (about US$337 million).
- —Who is who Daniela Sabbag Papa, Movida’s finance and investor relations director, signed the filing to the CVM, Brazil’s securities regulator. Movida shares trade on B3, the São Paulo stock exchange, as MOVI3.
- —What to watch The figures are preliminary and unaudited, so the official results could still change them. Used car revenue also fell, by about 16%.
- —Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).
- —What it means for you US investors who hold Brazil funds or follow Brazilian stocks get a read on demand for rental cars in Latin America’s biggest economy.
Movida, the Brazilian car renter, earned 152.1 million reais (about US$28 million) in the third quarter, up 117%. The company calls it its best quarterly profit in four years.
Movida, a Brazilian car rental company listed in São Paulo, earned 152.1 million reais (about US$28 million) in the third quarter. That is 117% more than a year earlier, when profit was about 70 million reais (about US$13 million).
Movida disclosed the figure on Tuesday, 13 October, in a preliminary filing to the CVM, Brazil’s securities regulator. The numbers are unaudited and subject to revision until the official release.
What Movida Reported for the Third Quarter
The filing calls the result the company’s best quarterly profit in four years. It says Movida met its profit guidance, its own published profit target, for the fourth quarter in a row.
Total gross revenue, sales before deductions, reached about 4.2 billion reais (about US$785 million). Business press reports put the rise at 3.5% from a year earlier.
EBITDA is operating profit before interest, tax, depreciation and amortisation. It reached 1.8 billion reais (about US$337 million), up 21% from a year earlier.
EBIT, which also counts depreciation, topped 1.0 billion reais (about US$187 million) for the second quarter running. It grew 27% from a year earlier.
Conversions in this article use the rate of 28 October 2026, 5.35 reais to the US dollar, from open.er-api.com. Company figures come from Movida’s 13 October filing unless stated otherwise.
Rental Demand Outruns Used Car Sales
Movida’s main business is renting cars. Gross rental revenue reached a record 2.7 billion reais (about US$505 million), up 19% from the third quarter of 2025.
The filing credits strong demand in RAC, short for rent-a-car, which is Movida’s car rental segment. Movida also sold 20,100 vehicles from its fleet as used cars in the quarter.
The EBITDA margin on used cars held steady at 1.1%, according to the filing. A margin that thin means resale adds little to profit.
Press reports put the fall in used car revenue at about 16% from a year earlier. The filing does not say what drove that fall.
What It Means for US Readers
Movida’s shares trade on B3, the São Paulo stock exchange, under the code MOVI3. Investors who follow Brazilian stocks or hold Brazil funds can read the result as a sign of rental demand.
Revenue from renting cars grew strongly, while revenue from used car sales fell. The filing gives no forecast for the next quarter.
Background is in the July preview of Movida’s second quarter and the second quarter results. See also the Movida company profile and Brazil coverage.
What Is Not Known
The 13 October filing gives only headline figures and calls them preliminary and unaudited. This article did not find Movida’s own full third quarter release.
One Brazilian news report of 27 October says the full results kept profit at 152 million reais (about US$28 million). Its other figures on revenue, debt and margins rest on that report alone, so they are left out.
The size of the guidance range and any analyst consensus could not be confirmed. This article therefore does not say by how much profit beat forecasts.
What Comes Next
Movida’s full audited third quarter statements could confirm or change the preliminary profit figure. One news report points to Wednesday, 11 November, but the company has not confirmed that date here.
Investors will also watch whether used car revenue keeps falling while rental revenue grows. Weak resale prices could squeeze profit even if rental demand stays strong.
Frequently Asked Questions
How much profit did Movida make in the third quarter?
Movida earned 152.1 million reais (about US$28 million), up 117% from a year earlier. It is the company’s highest quarterly profit in four years.
What does Movida do?
Movida is a Brazilian company that rents cars and sells vehicles from its fleet as used cars. Its shares trade in São Paulo under the code MOVI3.
Is the Movida profit figure final?
The 13 October filing calls the figures preliminary and unaudited and subject to revision until the official release. The full statements could still change them.
What is EBITDA?
EBITDA is operating profit before interest, tax, depreciation and amortisation. Movida’s reached about 1.8 billion reais (about US$337 million), up 21%.
Sources: Movida Participações, Material Fact filed with the CVM, 13 October; Movida investor relations, quarterly results page; Brazilian financial news report, 13 October; Brazilian financial news report, 13 October (second outlet); exchange rate, open.er-api.com, 28 October (all accessed 28 October 2026).
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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