Localiza Rent a Car (OTCMKTS:LZRFY) Announces Earnings Results

Localiza Rent a Car (OTCMKTS:LZRFY) released its earnings results on Thursday. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04, Zacks reports.

Localiza Rent a Car Trading Down 2.2%

OTCMKTS:LZRFY traded down $0.20 on Thursday, hitting $8.77. 14,848 shares of the company’s stock were exchanged, compared to its average volume of 42,545. The firm has a 50-day moving average price of $9.42 and a 200-day moving average price of $9.04. Localiza Rent a Car has a 52 week low of $5.98 and a 52 week high of $11.76.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Localiza Rent a Car to a “hold” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

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.