Tegma stock reports 37 percent revenue growth in 2Q26

Published on 10/04/2026 at 19:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tegma stock closed at BRL 35.51 on September 28, 2026, while second-quarter revenue rose 37 percent to BRL 740 million. Two analysts rate it Buy.

Tegma, BRTGMAACNOR7, Illustration mit AI erstellt.

Tegma (ISIN BRTGMAACNOR7) closed at BRL 35.51 on B3 on September 28, 2026, leaving the logistics company below its 52-week high of BRL 40.89 and above its low of BRL 26.95. The second-quarter operating update showed revenue of BRL 740 million, up 37 percent from a year earlier, according to Monitor Mercantil.

Revenue growth accelerates

Tegma transported 207,000 vehicles in the second quarter of 2026, an increase of 21 percent year over year, while its market share reached 23.8 percent. The company also reported revenue of BRL 2.506 billion and net income of BRL 254 million for the 12 months ended June 2026, figures cited by Monitor Mercantil.

The revenue increase is important because it came with a broader operating base rather than a single volume measure. Vehicle transport, market share and the 12-month earnings figure all point to a larger contribution from Tegma's logistics platform during the first half of 2026.

Analysts see further upside

The published consensus for Tegma is Buy, based on two analysts, with one Buy rating and one Hold rating. Investing.com lists an average 12-month price target of BRL 44.60, with a high estimate of BRL 45.70 and a low estimate of BRL 43.50.

The consensus target is a forward assessment, not a reported company result. For investors, the key comparison is therefore between the BRL 44.60 average target and Tegma's reported second-quarter revenue growth, while the share price remains below the BRL 40.89 yearly high.

Acquisition expands logistics scope

On August 8, 2026, Tegma announced the execution of an agreement to acquire 70 percent of TSS Holding, the company that controls Transcopa, for BRL 99.4 million, according to Tegma. Transcopa operates integrated logistics for solid bulk cargo and has operated since 1964.

The deal adds a new business line to the automotive logistics base and gives the second-quarter growth figures a strategic counterpart. Tegma's next milestones are its third-quarter results on November 4, 2026, and the related conference call on November 5, 2026, as listed by Tegma.

Tegma stock stays below yearly high

Tegma stock closed at BRL 35.51 on September 28, 2026, on B3, with a market capitalization of BRL 2.34 billion and a 52-week range of BRL 26.95 to BRL 40.89. The next valuation checkpoint is the November results publication, when investors can compare the acquisition strategy with operating growth.