After moving to Guanare, the club re-named itself to Bravos de Portuguesa once again, in 1998.

In 2003, Carlos García Ibáñez bought the Bravos de Portuguesa club, and he subsequently moved it back to the city of Barquisimeto.

[1] Following their FIBA Americas League championship, Guaros also won the 2016 FIBA Intercontinental Cup, and thus they were crowned world basketball club champions, after beating the Skyliners Frankfurt in the final.

Afterwards, they won the 2017 FIBA South American League championship, which was the club's first South American continental championship; after defeating Estudiantes Concordia, 3–1, in the league's finals.

The Guaros de Lara play their home games at the 10,000-capacity Domo Bolivariano in Barquisimeto, numerous times in front of thousands of spectators.