{
  "id": 18670153,
  "title": "Brazil Car Renter Localiza Profit Up 29%",
  "url": "https://urgent.news/2026/11/07/brazil-car-renter-localiza-profit-up-29",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T07:45:37.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/brazil-localiza-profit-third-quarter-2026/"
  },
  "original_language": "en",
  "account": "Brazilian car rental company Localiza&Co reported a 29.1% increase in profit for the third quarter of 2026, reaching R$1,125 million (approximately US$204 million). Adjusted profit, which excludes a one-off loss from a federal tax reduction, was up 336% year-over-year. Net revenue increased 14.4% to R$12,278 million (around US$2.2 billion), while EBITDA grew 13.7% to R$4,029 million (about US$732 million). The company attributes its profit growth to rising car rental revenue and higher average daily rates, despite high interest rates affecting borrowing costs.",
  "summary": "Localiza, a Brazilian car rental and fleet leasing group, earned US$204 million in the third quarter, up 29.1% on adjusted profit a year earlier. The post Brazil Car Renter Localiza Profit Up 29% appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}