Brazil Car Renter Movida Doubles Its Profit to a Four-Year High

3 Key Points

—Movida (MOVI3) posted unaudited preview net income of R$135.6 million ($26.6M) for Q2 2026, more than double the R$66 million ($13M) of Q2 2025, its best quarter in four years, 15% above sell-side consensus and clear of its own R$110–130 million guidance — the second consecutive quarter the company has beaten the range it set itself.

—The operating machine kept pace: gross revenue rose 21% to R$4.0 billion ($785M) with record rental revenue of R$2.6 billion ($510M), EBITDA grew 22% to R$1.7 billion ($333M), and EBIT crossed R$1 billion ($196M) for the first time in company history, up 29% — achieved with benchmark rates roughly two percentage points above their 2022 level.

—For the first time in five years the second quarter out-earned the first, breaking the seasonal pattern that has defined Brazilian car rental; the audited balance sheet due August 12 must now confirm the preview and show whether leverage extended its fall from the five-year low of 2.6x net debt/EBITDA reached at end-2025.

Movida Q2 2026 Earnings: What Happened