Itaú BBA raises Vamos target to BRL 9 for Vamos stock

Published on 10/21/2026 at 06:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted second-quarter profit reached BRL 101.10 million, up 21.80 percent year over year. Results are due November 12, 2026 for Vamos stock.

Analyst targets and reporting date

Itaú BBA raised its Vamos target to BRL 9 on October 20, 2026.
Adjusted second-quarter profit reached BRL 101.10 million, up 21.80 percent year over year.
Vamos is scheduled to publish third-quarter results on November 12, 2026, followed by its conference on November 13, 2026.

Vamos, BRVAMOACNOR7, Illustration mit AI erstellt.

Vamos stock (ISIN BRVAMOACNOR7) became the subject of a higher BRL 9 price target after Itaú BBA lifted its forecast from BRL 5 on October 20, 2026. Money Times reported that the bank kept its buy recommendation and linked the revision to improving operating expectations and lower projected interest rates.

What changed in the target?

The target move from BRL 5 to BRL 9 represents an 80.00 percent increase in Itaú BBA's published valuation. The bank said a 1 percentage point reduction in its projected 2027 Selic rate could raise Vamos' profit by 10 percent, highlighting the company's sensitivity to financing costs.

Vamos reported adjusted second-quarter profit of BRL 101.10 million, up 21.80 percent from the comparable period, while net revenue reached BRL 1.56 billion. Fleet utilization reached 89 percent in June, according to EBC Financial Group in its October 9, 2026 report.

Three dated steps for Vamos

On August 11, 2026, Vamos published second-quarter results with BRL 1.56 billion in revenue. On October 7, 2026, JPMorgan raised its target from BRL 5 to BRL 7, as reported by EBC Financial Group. On October 20, 2026, Itaú BBA raised its target from BRL 5 to BRL 9, according to Money Times.

When are the next dates?

Vamos is scheduled to release third-quarter results on November 12, 2026, followed by an earnings conference on November 13, 2026, according to TraderNews. Those dates will test whether stronger utilization and lower financing pressure are translating into cash generation.

Last B3 price and valuation

The last available B3 quote stood at BRL 6.64 on October 20, 2026 at 9:32 p.m. BRT. The same market snapshot showed a 52-week range of BRL 2.46 to BRL 6.97 and market capitalization of BRL 8.1 billion. Vamos operates in Brazil's truck, machinery and heavy-equipment leasing market, with used-asset sales and fleet services adding to its revenue mix.