Localiza Rent a Car (OTCMKTS:LZRFY) Trading 5% Higher – Still a Buy?

Localiza Rent a Car S.A. (OTCMKTS:LZRFY)’s share price was up 5% during mid-day trading on Thursday . The company traded as high as $7.96 and last traded at $7.9375. Approximately 108,759 shares were traded during trading, an increase of 160% from the average daily volume of 41,864 shares. The stock had previously closed at $7.56.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Localiza Rent a Car to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Localiza Rent a Car has a consensus rating of “Hold”.

Localiza Rent a Car Price Performance

The business has a 50-day moving average of $9.24 and a 200-day moving average of $9.08.

Localiza Rent a Car (OTCMKTS:LZRFY) last announced its earnings results on Thursday, May 21st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.37 billion.

Localiza Rent a Car Company Profile

Localiza Rent a Car (OTCMKTS:LZRFY) is a leading mobility solutions provider headquartered in Belo Horizonte, Brazil. Founded in 1973, the company has built a strong reputation in the car rental industry, offering a broad range of services to both leisure and corporate customers. Over the decades, Localiza has expanded its footprint to become one of Latin America’s largest car rental and fleet management operators.

The company’s core activities include short- and long-term vehicle rentals, fleet management services and the sale of used vehicles.