O que está acontecendo com a CVC?
🧠 Learn how to invest with me in Brazil and around the world: https://auvp.net/?id=CVC CVC was once worth almost R$10 billion on the stock exchange, with shares trading near R$60. Years later, CVCB3 accumulated a drop of over 97%, falling to just over R$1, and returned to the spotlight after soaring more than 23% in a single trading session. The movement was triggered by a rumor involving a possible acquisition of CVC by the controlling company of Decolar, but the story is more complex than the sudden appreciation suggests. In this episode of the Stock Market X-Ray, Giovanna Weber reconstructs CVC's trajectory from its first road trips in the ABC Paulista region to its IPO and transformation into one of the largest tourism operators in Latin America. The expansion strategy included the purchase of competitors and the accelerated growth of the network, but also created a heavy, fragmented, and difficult-to-manage structure. The video shows how problems in internal systems contributed to accounting inconsistencies of approximately R$ 362 million in the 2018 and 2019 results. The episode shook market confidence, raised questions about internal controls, auditing, and corporate governance, and marked the beginning of a long crisis for CVC's shares. CVCB3, debt, and possible delisting The analysis also covers the company's recent results, the loss in the first quarter of 2026, cash burn, and the weight of receivables anticipations in its financial structure. Although the officially presented debt may seem controlled, the operation requires resources to pay hotels and airlines before receiving full payment for packages sold to customers. Another central point is the rumor of a possible acquisition by the owner of Decolar. The speculation led investors to rush to CVCB3, but the company stated that it had not received a proposal. A possible merger would still face competitive issues, as it would combine Decolar's digital strength with CVC's extensive physical presence in the Brazilian tourism market. The episode also explains what takeover bids, poison pills, and waivers of the obligation to offer shares to minority shareholders are. The changes approved by large shareholders may create conditions for greater concentration of control and, eventually, facilitate discussions about going private, although there is no guarantee that this scenario will actually happen. Is CVC going to leave the stock market? Is the stock cheap or does it represent a value trap? The answer requires much more than following rumors or just looking at the share price. Watch until the end, subscribe to the AUVP Capital channel and follow the Stock Market X-Ray to understand companies, risks and corporate decisions more clearly. This content is for educational purposes only and does not represent a recommendation to buy or sell assets. 00:00 CVC fell 97% and may leave the stock market? 00:58 From origin to accelerated growth 02:46 The accounting shortfall of R$ 362 million 04:36 Loss, cash burn and debt 07:37 Rumor of purchase by Decolar and 23% increase 08:55 CVC's refusal, CADE and changes in the takeover bid 11:52 CVC versus Booking and Expedia: the problem with the model USEFUL VIDEOS 👑 How to build your investment portfolio • COMO CRIAR UMA CARTEIRA DE INVESTIMENTOS C... ⚠️ How to learn to invest without taking a course? • COMO APRENDER A INVESTIR SOZINHO SEM FAZER... 💸 How did the rich really get rich? • Como os ricos ficaram ricos? Isso ninguém ... 🤯 The 8 biggest stupidities of the MIDDLE CLASS • As 8 maiores BURRICES da classe média!

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