Localiza Rent a Car (OTCMKTS:LZRFY) Stock Price Up 5% – Still a Buy?

Localiza Rent a Car S.A. (OTCMKTS:LZRFY) rose 5% during mid-day trading 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.

Wall Street Analysts Forecast Growth

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

Localiza Rent a Car Stock Performance

The firm has a 50 day simple moving average of $9.22 and a two-hundred day simple moving average of $9.08.

Localiza Rent a Car (OTCMKTS:LZRFY) last issued its quarterly earnings data 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 company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.37 billion.

About Localiza Rent a Car

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.