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Localiza Rent A Car (Localiza Rent A Car) Balance Sheet Cash And Cash Equivalents


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What is Localiza Rent A Car Balance Sheet Cash And Cash Equivalents?

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Localiza Rent A Car (Localiza Rent A Car) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » Balance Sheet Cash And Cash Equivalents
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Traded in Other Exchanges
RENT3:Brazil
Address
Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900
Website
https://www.localiza.com
Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.