Movida reports 117 percent profit growth: what it means for Movida stock

Published on 10/14/2026 at 04:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Movida posted BRL 4.18 billion in third-quarter revenue, up 3.50 percent year over year. Movida stock reflects 20,100 vehicles sold in the quarter.

Profit growth and market reaction

Movida reported BRL 152.10 million in net income for the third quarter on October 13, 2026.
Third-quarter earnings before interest, taxes, depreciation and amortization reached BRL 1.80 billion, up 21.00 percent year over year.
Movida stock was last at BRL 17.50 on B3 on October 13, 2026.
Citibank kept a BRL 13.40 price target, according to Valor Invest on October 13, 2026.

Movida, BRMOVIACNOR0, Illustration mit AI erstellt.

Movida Participações (ISIN BRMOVIACNOR0) reported preliminary third-quarter net income of BRL 152.10 million on October 13, 2026, up 117.00 percent from the same period a year earlier. According to UOL, the preliminary result exceeded the company's net income guidance and marked its highest quarterly result in four years.

Revenue expands with rental demand

Gross revenue reached BRL 4.18 billion in the third quarter, an increase of 3.50 percent year over year. Rental revenue reached BRL 2.70 billion, a record for the company, while 20,100 vehicles were sold during the period, according to CNN Brasil.

Earnings before interest, taxes, depreciation and amortization reached BRL 1.80 billion in the third quarter, up 21.00 percent year over year. The operating mix matters because rental revenue grew faster than total revenue, while the used-car operation reported a 1.10 percent margin.

What the profit jump means

The result builds on the previous quarter. Movida reported BRL 135.65 million in net income and BRL 3.77 billion in revenue for the second quarter of 2026, compared with BRL 124.51 million and BRL 3.78 billion in the first quarter, respectively, according to Investing.com.

The counter-factor is vehicle resale. Valor Invest reported that Citibank maintained a BRL 13.40 price target and said extending vehicle lifetimes kept used-car revenue under pressure, creating a risk for residual values if resale conditions normalize.

Stock context after the preview

Movida's market capitalization was BRL 7.1 billion as of October 13, 2026, while its last B3 price was BRL 17.50 at 9:31 p.m. BRT on that date. The company is listed on B3 under ticker MOVI3 and operates in vehicle rental, fleet management and used-car sales in Brazil.

Market context: Market report Bovespa.