Previous Close | 12.64 |
Open | 11.50 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 11.50 - 12.78 |
52 Week Range | 9.11 - 16.32 |
Volume | |
Avg. Volume | 17,412 |
Market Cap | 13.489B |
Beta (5Y Monthly) | 0.60 |
PE Ratio (TTM) | 51.13 |
EPS (TTM) | 0.25 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.30 (2.34%) |
Ex-Dividend Date | Oct 04, 2023 |
1y Target Est | N/A |
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Brazilian car rental company Localiza said on Friday it will launch a follow-on share offering aimed at raising as much as 4.5 billion reais ($935.51 million) to expand its car fleet and service network. The primary offering will initially comprise 60.02 million new shares, Localiza said in a securities filing, but could be increased by up to 12.5% if demand allows it. "We remain 'Overweight' on Localiza (as) we continue to like the rental space on the back of compelling growth potential and the benefit of lower interest rates," the analysts said in a note to clients.
Brazilian car rental company Localiza said on Friday it will launch a follow-on share offering aimed at raising as much as 4.5 billion reais ($935.51 million) to expand its car fleet and service network. The primary offering will initially comprise 60.02 million new shares, Localiza said in a securities filing, but could be increased by up to 12.5% if demand allows it. "We remain 'Overweight' on Localiza (as) we continue to like the rental space on the back of compelling growth potential and the benefit of lower interest rates," the analysts said in a note to clients.
Rental car company Ouro Verde, owned by Canada's Brookfield Asset Management Inc , will be renamed Unidas after the acquisition of the brand from Localiza Rent a Car. New Unidas CEO, Claudio Zattar, said in a video interview that the company, focused before the acquisition on trucks, large vehicles and fleet renting, will use Unidas brand in its previous business and in the retail rent-a-car operation. The new company is expected to become the third largest rental car company in the country, with 90,000 vehicles.