🔴 Cogna Educação is trading 5% down today after recurring EBITDA margin fell

Cogna Educação is trading at BRL 2.08, down 5.02%, after recurring EBITDA margin fell three percentage points to 30.1%.

• Revenue rose 17.8%, while adjusted net income increased 18.1%.
• Higher in-person enrollment pressured higher-education profitability.
• Shares initially jumped after the release, suggesting profit-taking and concern over margin sustainability drove August 14’s reversal.