Movida reports 117 percent profit growth: Citi rates Movida stock Buy

Published on 10/16/2026 at 05:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached BRL 4.18 billion in the third quarter, up 3.50 percent year over year. The full results for Movida stock are due November 11, 2026.

Profit and reporting timeline

Movida's third-quarter preview showed net income of BRL 152.10 million on October 13, 2026.
Gross revenue reached BRL 4.18 billion in the third quarter, up 3.50 percent year over year.
The full third-quarter results are scheduled for November 11, 2026.
Citibank's Buy rating carried a BRL 13.40 target on October 13, 2026.

Movida, BRMOVIACNOR0, Illustration mit AI erstellt.

Movida Participacoes (ISIN BRMOVIACNOR0) posted preliminary third-quarter net income of BRL 152.10 million, up 117.00 percent from a year earlier. Reuters reported on October 13, 2026 that the result exceeded Movida's guidance and marked its strongest quarterly profit in four years.

Third-quarter preview cleared guidance

The profit figure came from an unaudited operational preview, giving investors an early view of the period before the full financial statement. Gross revenue reached BRL 4.18 billion in the third quarter, a 3.50 percent year-over-year increase, while earnings before interest, taxes, depreciation and amortization rose 21.40 percent to BRL 1.80 billion, according to Reuters.

What supports the earnings jump?

Vehicle rental was the clearest operating driver. Rental revenue reached BRL 2.66 billion, up 19.00 percent year over year, while the used-car unit generated BRL 1.50 billion after a 16.00 percent decline and the sale of 20,100 vehicles, Investidor10 reported on October 13, 2026. The contrast puts rental demand and used-car profitability on different sides of the quarterly result.

Analyst view and next date

Valor reported on October 13, 2026 that Citibank kept a Buy recommendation and a BRL 13.40 price target. The bank linked the fleet expansion to seasonal rental demand, while the report also highlighted pressure from longer vehicle lives and used-car resale values. Movida's full third-quarter results are scheduled for November 11, 2026, according to Investidor10.

Second-quarter baseline

For comparison, Movida's second-quarter revenue stood at BRL 3.77 billion and net income at BRL 135.65 million for the period ended June 30, 2026, according to TickerLandia. The third-quarter preview therefore points to a higher profit level, although the final audited figures remain the next key checkpoint.