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Localiza Rent a Car (RENT3) investor relations material
Localiza Rent a Car Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
3Q26 consolidated net revenue rose 14.4% YoY to R$12,278m; EBITDA increased 13.7% to R$4,029m and net income rose 29.1% to R$1,125m versus adjusted 3Q25.
Rental growth, higher utilization and fleet rejuvenation supported execution; 9M26 annualized ROIC spread was 6.4 p.p.
Financial highlights
Consolidated EBIT was R$2,516m, up 11.3% versus adjusted 3Q25; rental revenue was R$5,506m, up 12.5%, and Seminovos revenue was R$6,772m, up 16.0%.
3Q25 comparisons adjust for Green IPI effects, including R$137m on EBITDA, R$792m on EBIT and R$613m on net income; adjusted net income also excludes the Locamerica tax-loss carryforward write-off.
9M26 cash generated from rental operations was R$9,663m; cash generation before interest and other items was R$2,973m.
Outlook and guidance
Priorities include restoring Car Rental rates, pricing new Fleet Rental contracts for lower residual values, adjusting depreciation rates and expanding Seminovos capacity and commercial execution.
Higher depreciation and interest rates support high-single-digit Rent a Car price increases to preserve profitability and ROIC spread; volume growth may moderate or remain flat.
Q4 enters the December peak season with good fleet availability; pricing is expected to capture more excess demand alongside good rental volumes.
New vehicle relationships aim to grow electrified fleet share on competitive terms, with hybrids an initial focus; Mexico plans remain on track.
- 3Q26 growth paired with stronger earnings, ample liquidity and improving leverage.RENT3
Corporate presentation - Revenue rose 24.5%, net income 30.6%, and net debt/EBITDA improved to 2.16x.RENT3
Q2 2026 - Net revenue rose 12.1% to BRL 41.8B, with EBITDA up 15.4% and record used car sales.RENT3
Q4 2025 - Strong revenue and margin growth in 3Q25, despite one-off IPI tax impact; ROIC at 15.4%.RENT3
Q3 2025 - 2Q25 saw strong revenue and EBITDA growth, margin expansion, and a major one-off IPI impact ahead.RENT3
Q2 2025 - 3Q24 net revenue up 32.3% YoY, net income up 22.2%, with strong margins and improved debt ratios.RENT3
Q3 2024 - Net revenue up 32%, but R$570M net loss driven by asset write-downs and depreciation.RENT3
Q2 2024 - Net income rose 14.8% YoY to R$842 million on strong revenue and margin expansion.RENT3
Q1 2025 - Net revenue up 29% and EBITDA up 13%, driven by strong rental and Seminovos growth.RENT3
Q4 2024
Next Localiza Rent a Car earnings date
Next Localiza Rent a Car earnings date
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