Mercado Livre (MELI) reported strong fourth-quarter results for 2024, achieving a net income of R$ 3.6 billion, significantly surpassing the market expectations. The company's revenue and EBIT exceeded analysts' estimates by 3% and 33%, respectively. In terms of growth, total gross merchandise volume (GMV) increased by 56% excluding foreign exchange effects, while units sold rose by 27%. Cantor Fitzgerald upgraded MELI's rating to Overweight with a price target of $3,000. Meanwhile, Havan, another major Brazilian retailer, reported a record profit of R$ 2.7 billion for the same period, marking an 82.4% increase compared to the previous year. Havan's revenue reached R$ 16 billion, showcasing its strong performance under the Lula administration.