Tegma stock gained 2.86 percent as 2Q26 growth reset the story

Published on 10/05/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tegma stock was last at BRL 39.50 on October 4, 2026, below its 52-week high of BRL 40.89. Second-quarter revenue reached BRL 740 million, up 37 percent.

Tegma, BRTGMAACNOR7, Illustration mit AI erstellt.

Tegma (ISIN BRTGMAACNOR7) was last at BRL 39.50 on B3 on October 4, 2026 at 8:31 a.m. BRT, up 2.86 percent from the previous close. The latest 2Q26 figures show revenue growth of 37 percent and a sharper operating recovery in vehicle logistics, giving Tegma stock a company-specific earnings anchor after its recent advance.

Second quarter revenue grew 37 percent

According to Monitor Mercantil on September 17, 2026, Tegma generated BRL 740 million in 2Q26 revenue, up 37 percent from the prior-year quarter. The company transported 207,000 vehicles, an increase of 21 percent, and lifted its market share by 1.3 percentage points to 23.8 percent.

The operating mix matters because automotive logistics supplied BRL 693 million of 2Q26 revenue, up 40 percent year over year, while adjusted EBITDA for that division reached BRL 132 million. The adjusted EBITDA margin rose to 19.0 percent from 17.4 percent, according to the same 2Q26 analysis by Monitor Mercantil.

Transcopa shifts the cash strategy

Tegma's latest strategic move is diversification beyond vehicle logistics. The investor-relations page lists the August 8, 2026 resubmission of the material fact on the Transcopa purchase and sale agreement, while Monitor Mercantil reports that Tegma agreed to buy 70 percent of Transcopa for BRL 99.4 million.

The transaction changes the shareholder return equation. Monitor Mercantil reports that the payout fell to 62 percent in August 2026, compared with 94 percent over the preceding 12 months, as Tegma began using cash for acquisitions rather than distributing nearly all of its earnings.

Consensus target sits 12.91 percent higher

Investing.com lists a Buy consensus for Tegma based on 2 analysts, with 1 Buy rating and 1 Hold rating. The average 12-month target is BRL 44.60, with a high of BRL 45.70 and a low of BRL 43.50.

Against the BRL 39.50 reference price, the average target lies 12.91 percent above the price. That comparison puts the market's central expectation alongside the execution test: Tegma must integrate Transcopa while preserving the margin gains delivered by the automotive division.

Stock remains below its yearly high

Tegma stock was last at BRL 39.50 on B3 on October 4, 2026 at 8:31 a.m. BRT, with a 52-week range of BRL 26.95 to BRL 40.89 and market capitalization of BRL 2.6 billion.