Localiza Rent a Car (OTCMKTS:LZRFY) Stock Price Up 5% – Here’s Why

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

Analyst Upgrades and Downgrades

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

Localiza Rent a Car Stock Up 5.0%

The company’s 50 day moving average is $9.24 and its 200 day moving average is $9.08.

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