Movida is resetting its business toward higher margins and lower leverage after a high-rate cycle. The company has achieved record EBITDA margins of 68.8% in RAC and 76.5% in GTF, positioning itself to benefit from Brazil's declining interest rate environment and recovering travel demand.
Cyborg Score Rationale
Net revenue reached R$3.77B in Q3 2025 (up 7.6%-15% YoY), with EBIT rising 22.6% to R$854M and net income at R$70M. While profitability is recovering and margins are improving, the company remains cyclically exposed to interest rates and travel demand volatility.
Top Insights
GTF now represents 61% of gross fixed assets, reflecting strategic focus on higher-margin fleet management services
Digital innovation initiatives include self-service kiosks and a loyalty program with 2.4M+ members
Rising interest rates previously pressured earnings, but Brazil's rate easing trajectory is now supporting margin recovery
Movida competes with Localiza and Unidas in a consolidated Brazilian car rental market
Named Competitors
Car Rental & Fleet Management — Leading Brazilian car rental competitor
Car Rental & Fleet Management — Consolidated competitor in Brazilian car rental market
Recent Developments
(Q3 2025) Net revenue R$3.77B (+7.6-15% YoY); EBIT up 22.6% to R$854M; record EBITDA margins achieved