Companhia de Locação das Américas
LCAM3.SA
B3 S.A.24.15
BRL
+0.44
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Companhia de Locação das Américas
LCAM3.SA
(B3 S.A.)
Recent
price
24.15
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Companhia de Locação das Américas (LCAM3.SA), known as Unidas, operates as a leading Brazilian vehicle rental and fleet management company, offering long-term leasing of national and imported vehicles with or without drivers; purchase and resale of pre-owned vehicles; fleet management services; and franchise management solutions. The company serves corporate clients, travel agencies, and individual customers across Brazil, with a fleet exceeding 169,000 vehicles as of early 2020 and operations supported by 24-hour assistance throughout Latin America. Founded in 2008 and headquartered in São Paulo, Brazil, it focuses on customized rental fleets for businesses and maintains a nationwide presence with points of sale in all states. In recent years, the company underwent a major strategic shift through its 2022 incorporation by Localiza Rent a Car SA, forming a combined entity that became Brazil's largest car rental provider following conditional approval by antitrust regulator CADE, which required divestitures including parts of the fleet and certain stores to address market concentration concerns. This merger enhanced scale, synergies in fleet acquisition, and bargaining power with automakers, while prohibiting further acquisitions in the rental sector for three years. Post-merger, Unidas functions as a subsidiary within the Localiza group, continuing independent operations in some segments amid ongoing integration efforts.