JPMorgan raises Vamos stock target to BRL 7 as adjusted profit reaches BRL 101.1 million

Published on 10/16/2026 at 00:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan lifted its target from BRL 5 to BRL 7 on October 7, 2026. Vamos stock posted BRL 1.56 billion revenue in the second quarter, up 10.8 percent.

Target revision and reporting dates

JPMorgan moved its target from BRL 5 to BRL 7 on October 7, 2026.
Adjusted net income reached BRL 101.1 million in the second quarter of 2026.
Vamos is scheduled to publish third-quarter results on November 12, 2026.

Vamos, BRVAMOACNOR7, Illustration mit AI erstellt.

Vamos (BRVAMOACNOR7) reported adjusted net income of BRL 101.1 million in the second quarter of 2026, while JPMorgan raised its target from BRL 5 to BRL 7. The revision followed stronger fleet utilization and a lower cost-of-capital assumption, according to EBC Financial Group on October 7, 2026.

Three dates shaped the stock

On August 11, 2026, Vamos published second-quarter results showing BRL 1.56 billion in net revenue, up 10.8 percent from the prior-year quarter, and adjusted net income of BRL 101.1 million, up 21.8 percent, according to EBC Financial Group. On October 2, 2026, Simpar bought 57.828 million Vamos shares, equivalent to 4.73 percent of the company, according to ADVFN News. On October 7, 2026, JPMorgan lifted its target to BRL 7 from BRL 5.

What does the target change mean?

The revised target rests on an operating recovery rather than on a new corporate transaction. Vamos reported fleet utilization of 89 percent in June 2026, close to its 90 percent year-end goal, while net revenue reached BRL 1.56 billion in the second quarter. The same report placed net debt at BRL 11.56 billion and leverage at 3.00 times EBITDA, leaving interest costs central to the valuation discussion.

Two dates remain on the calendar

TraderNews lists November 12, 2026, for the third-quarter results and November 13, 2026, for the related conference call, according to TraderNews. Those dates will put the second-quarter improvement, fleet utilization and leverage against a new reporting period.

B3 quotation and business scale

Vamos was last at BRL 5.61 on B3 on October 15, 2026, at 5:05 p.m. BRT, while its market capitalization was BRL 6.9 billion on the same date. The 52-week range was BRL 2.46 to BRL 6.97.