Movida 2Q26 net income more than doubles to R$135.6 million; revenue rises 21% to R$4 billion vs 2Q25

Reuters2026/07/16 11:56

By:Reuters

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Movida posted 2Q26 net income of R$135.6 million, more than doubled from 2Q25, beating market consensus by 15%.
Gross revenue rose 21% year-on-year to a record R$4 billion, with gross rental revenue hitting a record R$2.6 billion.
EBITDA climbed 22% versus 2Q25 to R$1.7 billion, while EBIT topped R$1 billion for the first time, up 29%.
Sold 19,400 cars in 2Q26; Used Car EBITDA margin held at 1% as the company focused on strong demand in the RAC segment.
Management said the quarter reflected execution of its strategic plan, citing advances in operational and financial performance and improved service quality.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Movida Participações SA published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Movida 2Q26 net income more than doubles to R$135.6 million; revenue rises 21% to R$4 billion vs 2Q25

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