Uruguay won their third championship in 1940, which saw the return of the series to Montevideo. There were a record six teams in competition that year; Uruguay beat each of the other five in turn to finish undefeated. 1941 resulted in a bronze medal for Uruguay. The team played in their second tie-breaker final in 1942, this time losing to Argentina to take second place in the tournament. Uruguay advanced to the final round in the first two-round tournament, in 1943, finishing in second place overall.