Ituran Overview
Ituran providing advanced locating and protection services for vehicles and drivers. Ituran specializes in preventing theft, plus locating vehicles, merchandise and equipment, and providing information services, navigation and road assistance. The Ituran system works via unique technology originally developed to locate military pilots in distress and later converted to civilian use. Ituran clients including car owners, insurance companies, fleet managers, and government agencies.
Latest News
growth-positive
Top Dividend Stocks To Consider In October 2025
First Interstate BancSystem, Inc., a bank holding company with a market cap of approximately $3.37 billion, is highlighted for its stable dividend yield of 5.83%, placing it among the top US dividend payers. Despite recent insider selling, the companys dividends are well-covered by earnings and expected to remain sustainable. Recent management restructuring aims to enhance operations, potentially benefiting shareholders in the long term. Additionally, the company has ongoing share repurchase plans worth up to $150 million. The article suggests that the company might be trading beyond its estimated value.
Management ChangesExpand
growth-positive
/PRNewswire/ -- Vehicles fitted with stolen vehicle recovery (SVR) technology from global telematics leader Ituran (Nasdaq: ITRN) are recovered at a rate more...
Ituran, a leader in telematics and stolen vehicle recovery, has reported a significant increase in vehicle recoveries, highlighting the effectiveness of its technology in combating organized vehicle theft. The company has recovered over 200,000 vehicles worth more than $3 billion since 2006, with a recovery rate of around 80% for vehicles fitted with its technology. This is in stark contrast to the global average recovery rate of 10-20%. Iturans services are trusted by over 2.5 million subscribers globally, and the company is expanding its recovery services to include motorcycles. Ituran will celebrate its 30th anniversary and 20 years on the Nasdaq with a bell-ringing ceremony and special event in November.
CustomersExpand
growth-positive
Ituran SVR Tech Recovers $3 Billion in Stolen Vehicles with 80% Success Rate
Ituran, a global leader in telematics, has significantly improved vehicle recovery rates with its stolen vehicle recovery (SVR) technology. The company reports that vehicles equipped with its technology are recovered at a rate four times higher than the global average. In 2024, Ituran recovered vehicles worth around $300 million, highlighting the effectiveness of its technology in combating organized crime networks responsible for vehicle theft. The company operates in nine markets, including Israel and Latin America, where vehicle thefts have surged. Despite rising theft rates, Iturans technology ensures an average recovery rate of 80% for its customers, often within 60 minutes of theft.
Customers
growth-positive
Ituran Location and Control Ltd. (NASDAQ:ITRN) is favoured by institutional owners who hold 55% of the company
The article discusses the significant institutional ownership of Ituran Location and Control Ltd., highlighting that institutions own 55% of the companys stock. This high level of institutional ownership suggests that the stock price is sensitive to their trading actions. The largest shareholder is Moked Ituran Ltd. with 19% of shares, followed by FMR LLC and Renaissance Technologies LLC. The article implies that institutional ownership is generally seen as a positive attribute, as these investors have substantial resources and research capabilities. However, there is a risk of a crowded trade if multiple institutions decide to sell simultaneously. The companys stock is included in a major index, which often increases institutional enthusiasm.
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2025 RESULTS RELEASE AND CONFERENCE CALL FOR NOVEMBER 18, 2025
Ituran Location and Control Ltd., a leader in mobility technology, announced it will release its third quarter 2025 financial results on November 18, 2025. The company will host a video conference call via Zoom to discuss the results and answer investor questions. Ituran provides location-based services for connected cars and is the largest OEM telematics provider in Latin America. The company has over 2.5 million subscribers and operates in more than 20 countries. Iturans services are used in the retail, insurance, financing industries, and by car manufacturers. The company also founded the DRIVE startup incubator to promote smart mobility technology.
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $50M |
| Last funding | $50M |
| Stage | Mature |
| Rounds | 2 |
| Investors | 0 |
Team Members
6
Employees: 201-500
Web & Social Links
| Website | www.ituran.co.il/ituranfront/en/ |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
HaShikma Street 3, Azor, Israel
Photos & Videos
2 item(s)
Ituran Business
Business models
B2C, B2B, B2B2C
Product stage
Released
Employees
201-500
Sector
Automotive & Mobility TechnologiesUrban MobilityAutonomous & ConnectedTarget Customer
ConsumersTransportation & MobilityCar OwnersDriversIndustrial ManufacturingDiscrete IndustriesAutomotiveFinancial ServicesFinancial ProductsInsuranceCore Technology
SensingGeolocationTags (14)
securitylocation-basedautomotivetransportationmonitoringsmart-mobilitytelematicssafetyemergency-responseinsurance-companiestrackingfleet-managementgpsconnected-vehiclesUse Cases
Fleet ManagementProtection & Safety SystemsGeographic Markets
South KoreaChinaBrazilArgentinaUnited StatesSouth AmericaIturan Financials
$50M
Total funding
—
Capital raised
$50M
Last funding
Mature
Funding stage
2
Total rounds
0
Investors
Public Offering / Exit
DelistingEvent
Mar 2016
Undisclosed
POEvent
Sep 2005
Undisclosed
POEvent
May 1998
Undisclosed
Mergers & Acquisitions
MNAEvent
Sep 2006
$3.4M
Ituran Lifecycle
All Events
DelistingEvent
Mar 2016
Undisclosed
POEvent
Sep 2005
Undisclosed
POEvent
May 1998
Undisclosed
MNAEvent
Sep 2006
$3.4M
Ituran News
174 articles
growth-positive
Top Dividend Stocks To Consider In October 2025
First Interstate BancSystem, Inc., a bank holding company with a market cap of approximately $3.37 billion, is highlighted for its stable dividend yield of 5.83%, placing it among the top US dividend payers. Despite recent insider selling, the companys dividends are well-covered by earnings and expected to remain sustainable. Recent management restructuring aims to enhance operations, potentially benefiting shareholders in the long term. Additionally, the company has ongoing share repurchase plans worth up to $150 million. The article suggests that the company might be trading beyond its estimated value.
Management ChangesExpand
growth-positive
/PRNewswire/ -- Vehicles fitted with stolen vehicle recovery (SVR) technology from global telematics leader Ituran (Nasdaq: ITRN) are recovered at a rate more...
Ituran, a leader in telematics and stolen vehicle recovery, has reported a significant increase in vehicle recoveries, highlighting the effectiveness of its technology in combating organized vehicle theft. The company has recovered over 200,000 vehicles worth more than $3 billion since 2006, with a recovery rate of around 80% for vehicles fitted with its technology. This is in stark contrast to the global average recovery rate of 10-20%. Iturans services are trusted by over 2.5 million subscribers globally, and the company is expanding its recovery services to include motorcycles. Ituran will celebrate its 30th anniversary and 20 years on the Nasdaq with a bell-ringing ceremony and special event in November.
CustomersExpand
growth-positive
Ituran SVR Tech Recovers $3 Billion in Stolen Vehicles with 80% Success Rate
Ituran, a global leader in telematics, has significantly improved vehicle recovery rates with its stolen vehicle recovery (SVR) technology. The company reports that vehicles equipped with its technology are recovered at a rate four times higher than the global average. In 2024, Ituran recovered vehicles worth around $300 million, highlighting the effectiveness of its technology in combating organized crime networks responsible for vehicle theft. The company operates in nine markets, including Israel and Latin America, where vehicle thefts have surged. Despite rising theft rates, Iturans technology ensures an average recovery rate of 80% for its customers, often within 60 minutes of theft.
Customers
growth-positive
Ituran Location and Control Ltd. (NASDAQ:ITRN) is favoured by institutional owners who hold 55% of the company
The article discusses the significant institutional ownership of Ituran Location and Control Ltd., highlighting that institutions own 55% of the companys stock. This high level of institutional ownership suggests that the stock price is sensitive to their trading actions. The largest shareholder is Moked Ituran Ltd. with 19% of shares, followed by FMR LLC and Renaissance Technologies LLC. The article implies that institutional ownership is generally seen as a positive attribute, as these investors have substantial resources and research capabilities. However, there is a risk of a crowded trade if multiple institutions decide to sell simultaneously. The companys stock is included in a major index, which often increases institutional enthusiasm.
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2025 RESULTS RELEASE AND CONFERENCE CALL FOR NOVEMBER 18, 2025
Ituran Location and Control Ltd., a leader in mobility technology, announced it will release its third quarter 2025 financial results on November 18, 2025. The company will host a video conference call via Zoom to discuss the results and answer investor questions. Ituran provides location-based services for connected cars and is the largest OEM telematics provider in Latin America. The company has over 2.5 million subscribers and operates in more than 20 countries. Iturans services are used in the retail, insurance, financing industries, and by car manufacturers. The company also founded the DRIVE startup incubator to promote smart mobility technology.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its third quarter 2025 results on Tuesday, November 18,...
Ituran Location and Control Ltd., a leader in mobility technology, announced it will release its third quarter 2025 results on November 18, 2025. The company will host a video conference call via Zoom to discuss the results and answer investor questions. Ituran provides location-based services for connected cars, including stolen vehicle recovery and fleet management, and is the largest OEM telematics provider in Latin America. With a subscriber base of over 2.5 million across more than 20 countries, Ituran has a strong market presence in Israel and Latin America. The company employs approximately 2,800 people worldwide.
growth-positive
Discovering Undiscovered Gems Viemed Healthcare And 2 Other US Small Caps
Viemed Healthcare, a company specializing in home medical equipment and post-acute respiratory healthcare services, is experiencing robust growth. The companys earnings have surged by 48% over the past year, significantly outpacing the healthcare industrys average growth. Viemed has a strong financial position, with more cash than debt and a reduced debt-to-equity ratio. A strategic acquisition of Lehan Medical Equipment has expanded its service offerings and geographic reach. Despite challenges such as insider selling and reliance on core ventilation services, Viemeds price-to-earnings ratio remains attractive. The companys strategic acquisitions and regulatory changes are expected to enhance its revenue potential.
AcquisitionCustomers
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, today announced that it will be presenting at the LD...
Ituran Location and Control Ltd., a leader in vehicle telematics, announced its participation in the LD Micro Main Event XIX, scheduled for October 19-21, 2025, in San Diego, California. The company, which provides location-based services for connected cars, will present to investors on October 20th. Ituran, with a significant subscriber base of over 2.5 million, operates in more than 20 countries and is the largest OEM telematics provider in Latin America. The event aims to provide Ituran with exposure to potential investors and partners, showcasing its growth and leadership in the mobility technology sector.
Investment
growth-positive
ITURAN TO PRESENT AT THE LD MICRO MAIN EVENT CONFERENCE ON OCTOBER 20, 2025
Ituran Location and Control Ltd., a leader in vehicle telematics, announced its participation in the LD Micro Main Event XIX in San Diego, California, from October 19-21, 2025. The company will present to investors on October 20th, showcasing its services in connected-car technology, including stolen vehicle recovery and fleet management. Ituran, the largest OEM telematics provider in Latin America, has a subscriber base exceeding 2.5 million across more than 20 countries. The company is also involved in promoting smart mobility technology through its DRIVE startup incubator. This event is an opportunity for Ituran to engage with potential investors and highlight its growth and market presence.
growth-positive
Top Dividend Stocks To Consider In September 2025
First Interstate BancSystem, Inc., a bank holding company, is highlighted for its strong dividend yield of 5.85%, placing it among the top 25% of U.S. dividend payers. The company has consistently increased dividends over the past decade, with a current payout ratio of 84.5% and future projections indicating improved coverage. Recent strategic leadership changes are expected to enhance operations, potentially benefiting shareholders. Additionally, a US$150 million share repurchase program is planned to support stock value. The companys market cap is approximately $3.41 billion, with revenue primarily generated from its Community Banking segment.
Management ChangesExpand
growth-positive
Should You Be Adding Ituran Location and Control (NASDAQ:ITRN) To Your Watchlist Today?
The article discusses Ituran Location and Control, highlighting its financial performance and growth prospects. The company has shown impressive earnings per share (EPS) growth of 19% per year over the last three years, which is a positive indicator for long-term investors. Despite stable EBIT margins, the company reported a revenue increase of 3.3% to US$340 million. The article emphasizes the importance of considering a companys balance sheet strength and management compensation when evaluating investment opportunities. Overall, Ituran Location and Control is portrayed as a financially sound company with promising growth potential.
growth-negative
Top Dividend Stocks To Consider In September 2025
The article discusses the performance of various dividend stocks amidst a market surge driven by technology stocks and strategic investments. Northeast Community Bancorp, Inc., a financial services company, offers a stable dividend yield of 3.85% with a low payout ratio. Despite reliable dividends over the past decade, recent insider selling and declining earnings forecasts raise caution. The company declared a special cash dividend of $0.20 per share, enhancing shareholder returns. Interparfums, Inc., another company mentioned, has a volatile dividend history but is covered by earnings and cash flows. Recent board changes at Interparfums bring experienced leadership, potentially benefiting its strategic direction.
Management Changes
growth-positive
Discover 3 Leading Dividend Stocks For Your Portfolio
Ituran Location and Control Ltd. is highlighted for its strong dividend yield of 5.9% and commitment to shareholder returns, despite historical volatility in dividend payments. The company operates in the telematics sector, providing services and products in Israel, Brazil, and internationally. Recent earnings reports show modest revenue growth, supporting its ability to maintain dividends. Ituran has strategic partnerships, such as with BMW Motorrad Brazil, which bolster its market position. The companys dividends are well-covered by earnings and cash flows, indicating sustainability. The market cap is $670.81 million, and the share price is considered potentially undervalued.
Partners
growth-positive
Ituran Targets Global Two-Wheel Market with Yamaha and BMW Motorrad Partnerships
Ituran Location and Control Ltd., a leader in vehicle telematics, is expanding its presence in the motorcycle market by forming new partnerships with Yamaha and BMW Motorrad in Brazil. This strategic move marks the beginning of a broader growth strategy targeting the fast-growing global two-wheeler segment, particularly in Latin America. Iturans connected services, which include tracking and response capabilities, are being integrated into Yamaha and BMW Motorrad bikes to enhance security and visibility for riders. The company aims to leverage its expertise in telematics and vehicle recovery to capture a significant share of the expanding motorcycle market, projected to grow significantly by 2032.
Partners
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, is expanding its reach in the motorcycle market through...
Ituran Location and Control Ltd., a leader in vehicle telematics, is expanding its presence in the motorcycle market through new partnerships with Yamaha and BMW Motorrad in Brazil. This strategic move marks the beginning of a broader growth strategy targeting the fast-growing global two-wheeler segment, particularly in Latin America. Iturans connected services, trusted by over 2.5 million subscribers, will now be integrated into Yamaha and BMW Motorrad bikes, enhancing security and real-time visibility for riders. The company aims to leverage its expertise in telematics and vehicle recovery to capture a significant share of the global motorcycle market, projected to grow substantially by 2032.
PartnersCustomers
growth-positive
Ituran Location and Control Ltd (ITRN) Q2 2025 Earnings Call Highlights: Navigating Challenges ...
Ituran Location and Control Ltd reported a solid quarter despite geopolitical challenges, such as the war between Israel and Iran. The company added 40,000 net subscribers in the second quarter, with a target of reaching 220,000 to 240,000 new subscribers by the end of 2025. It launched new telematics products, including a successful product for motorcycle owners, expanding its market reach. The company generated $22.4 million in operating cash flow and declared a $10 million dividend. A partnership with BMW motorcycles in Brazil is expected to bring tens of thousands of new subscribers annually. However, the war led to a two-week suspension of economic activities, impacting new car and product sales.
CustomersPartners
growth-negative
Ituran Location and Control Second Quarter 2025 Earnings: Misses Expectations
Ituran Location and Control reported a revenue of US$86.8 million for the second quarter of 2025, marking a 2.3% increase from the previous quarter. The net income rose by 2.5% to US$13.5 million, with a profit margin of 16%. However, both revenue and earnings per share (EPS) missed analyst estimates by 2.7% and 3.2%, respectively. The companys shares have declined by 15% over the past week. Looking forward, revenue is expected to grow at an average annual rate of 6.9% over the next three years, which is below the 8.6% growth forecast for the US Communications industry.
growth-positive
ITURAN PRESENTS SECOND QUARTER 2025 RESULTS
Ituran Location and Control Ltd. reported record revenue of $86.8 million for the second quarter of 2025, marking a 2% increase year-over-year. The company added 40,000 net new subscribers, contributing to its growth. Despite challenges such as a temporary cessation of new car sales in Israel due to a brief conflict with Iran, Ituran continued to expand its subscriber base and launch new telematics products. The company declared a quarterly dividend of $10.0 million. Iturans management expressed optimism about continued growth and profitability, expecting to increase its subscriber base by 220-240,000 net in 2025.
Customers
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the...
Ituran Location and Control Ltd. announced a cash dividend distribution of $0.50 per share, totaling approximately $10 million, to be paid on October 10, 2025, to shareholders of record as of September 25, 2025. The Board of Directors confirmed that the distribution aligns with Israeli law and will not affect the companys operational capabilities or future plans. As of June 30, 2025, Ituran had retained earnings of $234.3 million, which will decrease to $224.3 million post-distribution. The company, a leader in mobility technology, provides location-based services and has a significant subscriber base of over 2.5 million across more than 20 countries.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the second quarter, ended June 30, 2025....
Ituran Location and Control Ltd. reported a record revenue of $86.8 million for the second quarter of 2025, marking a 2% increase year-over-year. The company added 40,000 net new subscribers, bringing the total to 2,548,000. Despite challenges such as a temporary cessation of new car sales in Israel due to a brief conflict with Iran, Ituran maintained steady growth in its subscriber base and financial performance. The company declared a quarterly dividend of $10 million, reflecting its strong profitability and cash flow. Ituran continues to expand its telematics products and services, including a new offering for motorcycle owners. The company remains optimistic about its growth prospects for 2025.
Customers
growth-positive
ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million for the Second Quarter of 2025
Ituran Location and Control Ltd. announced a cash dividend of $0.50 per share, totaling approximately $10 million, to be distributed to shareholders of record as of September 25, 2025, and paid on October 10, 2025. The Board of Directors confirmed that the distribution aligns with Israeli law and will not affect the companys operational capabilities or future plans. As of June 30, 2025, Ituran had retained earnings of $234.3 million, which will decrease to $224.3 million post-distribution. The company, a leader in mobility technology, provides location-based services and has a strong presence in Israel and Latin America with over 2.5 million subscribers.
growth-positive
Ituran Location and Control Ltd.'s (NASDAQ:ITRN) Stock Is Going Strong: Is the Market Following Fundamentals?
The article discusses the recent 13% increase in the stock price of Ituran Location and Control (NASDAQ:ITRN) over the past three months. It attributes this growth to the companys strong return on equity (ROE) of 30%, which is significantly higher than the industry average of 13%. The article highlights that the companys high ROE and profit retention have contributed to a substantial 32% net income growth over the past five years, outperforming the industry growth rate of 15% in the same period. This suggests a positive growth outlook for the company.
growth-positive
Discovering US Undiscovered Gems With Strong Potential
Willdan Group, Inc. is experiencing significant growth, with an 84% increase in earnings over the past year, surpassing the industry average. The company focuses on energy infrastructure and sustainability solutions, generating substantial revenue from its Energy and Engineering & Consulting segments. With a market capitalization of approximately $1.19 billion, Willdan has demonstrated prudent financial management, reducing its net debt to equity ratio significantly over five years. The companys strategic expansion into technology-driven services is expected to enhance revenue visibility and profit margins. Recently added to multiple Russell indexes, Willdan is positioned for increased visibility in growth-focused portfolios, despite potential risks associated with public sector contracts and market competition.
growth-positive
3 Dividend Stocks To Consider With Up To 5.1% Yield
Ituran Location and Control Ltd., a company offering telematics services and products, has a market cap of $773.06 million. The company generates revenue from Telematics Products and Services, with a dividend yield of 5.1%, supported by a payout ratio of 64.1%. Despite past volatility in dividends, recent earnings growth and strategic partnerships with BMW Motorrad Brazil and Stellantis are expected to enhance future revenue streams. The company declared a US$0.50 per share dividend, totaling approximately US$10 million. This positions Ituran among the top 25% dividend yielders in the US market, indicating a growth-positive outlook.
Partners
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its second quarter 2025 results on Tuesday, August 19,...
Ituran Location and Control Ltd., a leader in mobility technology, announced it will release its second quarter 2025 results on August 19, 2025. The company will host a video conference call to discuss the results and answer investor questions. Ituran provides location-based services, including stolen vehicle recovery and fleet management, and is the largest OEM telematics provider in Latin America. The company has a significant subscriber base of over 2.5 million and operates in more than 20 countries. Ituran also founded the DRIVE startup incubator to promote smart mobility technology development.
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES SECOND QUARTER 2025 RESULTS RELEASE AND CONFERENCE CALL FOR AUGUST 19, 2025
Ituran Location and Control Ltd., a leader in mobility technology, announced it will release its second quarter 2025 results on August 19, 2025. The company will host a video conference call to discuss these results and answer investor questions. Ituran provides location-based services for connected cars and has a significant presence in Latin America and Israel. With over 2.5 million subscribers, Ituran is a major player in the telematics market. The company also supports smart mobility technology development through its DRIVE startup incubator. Ituran employs approximately 2,800 people worldwide.
growth-positive
Undiscovered Gems US Market Highlights 3 Promising Small Caps
Willdan Group, Inc., a professional services company, has demonstrated significant growth, with an 84% increase in earnings over the past year, surpassing the industry average of 15.3%. The company has improved its debt to equity ratio from 78.5% to 35.5% over five years, showcasing effective financial management. Willdan has expanded its borrowing capacity to $200 million and raised its fiscal year guidance, expecting net revenue between $325 million and $335 million. This reflects confidence in its ongoing projects and strategic initiatives. The companys expansion into technology-driven services is expected to enhance revenue visibility and profitability.
Expand
growth-positive
Ituran Location and Control And 2 Other Top Dividend Stocks To Consider
Ituran Location and Control Ltd. is a company offering location-based telematics services and products in countries like Israel, Brazil, and the United States. With a market cap of $718.36 million, the company generates revenue from Telematics Products and Services. It offers a 5.58% dividend yield, placing it among the top 25% of US market dividend payers. Despite the volatility in its dividends over the past decade, recent strategic alliances, such as with BMW Motorrad Brazil, may enhance future revenue streams. The companys current valuation is considered moderate, and it continues to focus on growth through partnerships.
Partners
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, through its Brazilian subsidiary, and BMW Motorrad...
Ituran Location and Control Ltd., a leader in vehicle telematics, has partnered with BMW Motorrad Brasil to offer advanced telematics services to BMWs motorcycle customers in Brazil. This strategic partnership aims to enhance rider safety, security, and connectivity through Iturans technology, including real-time location tracking, geofencing, and vehicle recovery services. The collaboration significantly expands Iturans market reach by tapping into BMWs large customer base in Brazil. BMW Motorrad customers will benefit from 24 months of free access to Iturans services for new motorcycles, with special conditions for existing customers. This initiative strengthens Iturans position in the Brazilian market and supports its global growth strategy.
PartnersCustomers
growth-positive
Ituran Announces Strategic Partnership with BMW Motorrad in Brazil
Ituran Location and Control Ltd., a leader in vehicle telematics, has partnered with BMW Motorrad Brasil to offer advanced telematics services to BMW motorcycle customers in Brazil. This strategic partnership aims to enhance rider safety, security, and connectivity through Iturans technology. The service includes features like real-time location tracking, geofencing, route history, and vehicle recovery services. BMW Motorrad customers will receive 24 months of free access to these services for new motorcycles, while existing customers can avail special conditions. This collaboration significantly expands Iturans market reach and strengthens its position in Brazil.
PartnersCustomers
growth-positive
Ituran Location and Control Ltd (ITRN) Q1 2025 Earnings Call Highlights: Record Revenue and ...
Ituran Location and Control Ltd reported a successful first quarter with a 2% increase in revenue, reaching $86.5 million. The company achieved a milestone of over 2.5 million subscribers, driven by a net addition of 99,000 subscribers. A significant contributor to this growth was a new telematics service agreement with Stellantis, a major car OEM manufacturer. Despite the positive growth, the strengthening US dollar negatively impacted financial results, particularly in Brazil and Mexico. Increased R&D and marketing expenditures raised concerns about cost management. The company declared a $10 million dividend, reflecting strong profitability and cash flow. The insurance market in Latin America shows limited short-term potential for usage-based insurance solutions, impacting growth opportunities.
CustomersPartners
growth-positive
Morning Movers: Abercrombie & Fitch skyrockets following first quarter results
The article discusses the current state of the stock market, highlighting modest gains in futures and the performance of various companies. Macys is noted for a positive stock movement despite slashing its forecast, with its stock jumping on Q1 results. The article also mentions Nvidias upcoming earnings report and the Federal Reserves policy meeting minutes, which are anticipated by investors. The broader market sees gains in megacap and growth stocks, with specific companies like GameStop, Abercrombie & Fitch, and Monro experiencing significant stock increases.
growth-positive
ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million Declared for the First Quarter of 2025
Ituran Location and Control Ltd. announced a cash dividend of $0.50 per share, totaling approximately $10 million, to be distributed to shareholders of record as of June 18, 2025, with payment on July 2, 2025. The decision was made after confirming that the distribution would not affect the companys financial stability or future plans. As of March 31, 2025, Ituran had retained earnings of $230.7 million, a cash balance of $75.7 million, and no bank credit. Ituran, a leader in mobility technology, provides location-based services and has a significant subscriber base of over 2.5 million. The company operates in over 20 countries and is the largest OEM telematics provider in Latin America.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the...
Ituran Location and Control Ltd. announced a cash dividend distribution of $0.50 per share, totaling approximately $10 million, to be paid to shareholders of record as of June 18, 2025. The dividend will be distributed on July 2, 2025. The Board of Directors confirmed that the distribution aligns with Israeli law and will not affect the companys operational capabilities or future plans. Prior to the distribution, Ituran had retained earnings of $230.7 million, which will decrease to $220.7 million post-distribution. The company maintains a strong cash balance and no credit from banking institutions. Ituran is a leader in mobility technology, offering location-based services and has a significant subscriber base of over 2.5 million.
growth-positive
ITURAN PRESENTS FIRST QUARTER 2025 RESULTS
Ituran Location and Control Ltd. reported strong financial results for the first quarter of 2025, achieving a significant milestone by surpassing 2.5 million subscribers. The company added a record 99,000 net subscribers, largely due to a new telematics service agreement with Stellantis, the largest car manufacturer in Latin America. This partnership led to an increase in their subscriber base as Stellantis switched its SVR subscriber base to Ituran. The company reported a 2% year-over-year revenue increase to $86.5 million, with operating income and net income also showing growth. Ituran continues to develop new telematics products and services, contributing to its accelerating subscriber growth and profitability.
CustomersPartners
growth-positive
Ituran: Q1 Earnings Snapshot
Ituran Location & Control Ltd., based in Azoor, Israel, reported a profit of $14.6 million for its first quarter, translating to 73 cents per share. The company, which specializes in tracking and communications technology for vehicles, also posted revenue of $86.5 million during this period. The financial results indicate a positive growth trajectory for the company. The data for this report was sourced from Zacks Investment Research and processed by Automated Insights.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the first quarter 2025. Highlights of...
Ituran Location and Control Ltd. reported strong financial results for the first quarter of 2025, with a notable increase in subscribers and revenue. The company added a record 99,000 net subscribers, surpassing the 2.5 million milestone, largely due to a new telematics service agreement with Stellantis, the largest car manufacturer in Latin America. Revenue for the quarter was $86.5 million, a 2% increase year-over-year, while net income rose by 12% to $14.6 million. The company declared a quarterly dividend of $10 million. Ituran continues to develop advanced telematics products and services, contributing to its growth and profitability.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, today announced a new service agreement with Stellantis...
Ituran Location and Control Ltd., a leader in vehicle telematics, has announced a new service agreement with Stellantis in South America. This strategic partnership aims to provide advanced stolen vehicle recovery and tracking solutions to Stellantis customers across multiple countries in the region. The agreement is set for a multi-year period with potential expansion to additional markets. This collaboration is expected to significantly expand Iturans subscriber base, enhancing its position as a leading telematics provider. Stellantis, the largest car manufacturer in Latin America, will benefit from enhanced vehicle security and connectivity, offering greater peace of mind to its customers.
PartnersCustomers
growth-positive
Ituran Announces New OEM Agreement with Stellantis in South America
Ituran Location and Control Ltd., a leader in vehicle telematics, has announced a strategic partnership with Stellantis in South America. This multi-year service agreement covers several countries in the region and aims to expand Iturans subscriber base by providing advanced stolen vehicle recovery and tracking solutions to Stellantis customers. Stellantis, the largest car manufacturer in Latin America, includes brands such as Fiat, Jeep, and Peugeot. The partnership is expected to enhance vehicle security and connectivity, offering peace of mind to customers. Ituran, with a significant presence in Latin America and a growing subscriber base, continues to strengthen its position as a leading telematics provider.
PartnersCustomers
growth-positive
Ituran Location and Control (NASDAQ:ITRN) Is Very Good At Capital Allocation
The article discusses the promising financial trends of Ituran Location and Control, highlighting its impressive Return on Capital Employed (ROCE) of 30%, which surpasses the industry average. Over the past five years, the company has increased its ROCE by 45% without expanding its capital base, indicating improved efficiencies. This has resulted in a remarkable 158% total return for investors over the same period. The article suggests that these fundamentals warrant further investigation into the companys long-term growth prospects.
growth-negative
3 Undiscovered US Gems with Promising Potential
Bank7 Corp., a bank holding company for Bank7, operates in high-growth markets like Oklahoma City and Texas, focusing on hospitality and C&I lending. Despite outperforming the industry with a 49.4% earnings growth, the company faces potential revenue decline by 2.5% annually due to economic uncertainties in volatile sectors. However, trading below fair value suggests potential upside if risks are managed well. Bank7s disciplined capital strategy includes a low allowance for bad loans and low-risk funding sources. The companys market cap is $353.31 million, with total assets of $1.8 billion and equity of $221.7 million.
growth-positive
Ituran Location and Control Ltd. (ITRN): A Bull Case Theory
Ituran Location and Control Ltd. (ITRN) has successfully transformed its business model from hardware sales to a subscription-based service, leveraging its military-grade tracking technology. This shift has turned vehicle theft into a scalable revenue stream, particularly in high-crime regions like Brazil and Argentina. The company has a strong financial position with 2.4 million subscribers generating $336 million in revenue and a healthy balance sheet. Iturans strategic focus on Latin America and its vertically integrated model have set it apart from competitors. Despite challenges like hardware upgrades and potential partner risks, Ituran is positioned for growth, with a clear path to $100 million EBITDA.
CustomersPartners
growth-positive
Ituran Location and Control And 2 Other High-Quality Dividend Stocks
Ituran Location and Control Ltd. is highlighted as a high-quality dividend stock in a flat U.S. market. The company, which offers location-based telematics services and products, operates in countries including Israel, Brazil, and the United States. It has a market cap of $729.10 million and generates revenue from Telematics Products and Services. Recently, Ituran increased its quarterly dividend policy by 25% to at least $10 million, supported by strong earnings and cash flow coverage. This move suggests a commitment to growth, offering a competitive dividend yield in the top quartile of U.S. market payers. The companys share price is slightly below its estimated value, indicating potential for growth.
growth-negative
A Look At The Fair Value Of Ituran Location and Control Ltd. (NASDAQ:ITRN)
The article discusses the valuation of Ituran Location and Control Ltd. using the Discounted Cash Flow (DCF) model. The companys estimated fair value is US$36.89, while its current share price is US$35.90, indicating it is trading close to its fair value. The analysis uses a two-stage growth model to estimate future cash flows, which are then discounted to present value. The article notes that Iturans peers are trading at a 15% premium, suggesting a potential undervaluation of Iturans stock. The analysis highlights the importance of understanding the limitations of the DCF model and the assumptions made in estimating future cash flows.
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES FIRST QUARTER 2025 RESULTS RELEASE AND CONFERENCE CALL FOR MAY 28, 2025
Ituran Location and Control Ltd. is set to release its first quarter 2025 financial results on May 28, 2025. The company will host a video conference call to discuss the results, highlighting its leadership in the mobility technology sector. Ituran provides location-based services for connected cars, including stolen vehicle recovery and fleet management. With a significant subscriber base of approximately 2.5 million across over 20 countries, Ituran maintains a strong market position in Israel and Latin America. The company also supports smart mobility technology development through its DRIVE startup incubator. Established in 1995, Ituran employs around 2,800 people globally.
growth-positive
Undiscovered Gems in the US Market April 2025
Ituran Location and Control Ltd., a small-cap company specializing in vehicle telematics, is experiencing promising growth. With a market cap of $687.92 million, the company generates significant revenue from telematics services and products. Ituran has been growing its earnings at an impressive rate of 34% annually over the past five years, indicating robust financial health. The company has recently formed partnerships with OEMs, which are expected to drive subscriber growth by up to 200,000 by 2025, especially in South America and Israels motorcycle segment. Despite potential risks from currency volatility and lower-margin contracts, analysts project a 6.7% annual revenue growth with profit margins increasing slightly. These factors contribute to a positive growth outlook for Ituran.
PartnersCustomers
growth-positive
Ituran Location and Control Ltd (ITRN) Q4 2024 Earnings Call Highlights: Strong Revenue Growth ...
Ituran Location and Control Ltd reported a 7% year-over-year increase in fourth-quarter revenues, reaching $82.9 million. The company added 40,000 net subscribers, and a successful joint venture in India with LUMAX, along with a contract with Daimler India, are expected to drive future growth. A new 5-year contract with Nissan in Chile and recognition as Supplier of the Year by Nissan in Mexico highlight strong OEM partnerships. The Board of Directors increased the quarterly dividend by 25%, reflecting strong cash flow and a solid financial position. However, the strengthening of the USD negatively impacted financial results when translated from local currencies, and gross margins were affected by the product mix and sales volatility across different regions.
CustomersPartners
growth-positive
With 57% ownership, Ituran Location and Control Ltd. (NASDAQ:ITRN) boasts of strong institutional backing
The article discusses the ownership structure of Ituran Location and Control Ltd., highlighting that institutional investors hold a significant portion of the companys stock, with 57% ownership. This substantial institutional investment is seen as a positive attribute, suggesting credibility among professional investors. The largest shareholder is Moked Ituran Ltd. with 20% of shares, followed by FMR LLC and Renaissance Technologies LLC. The article also notes the potential influence of hedge funds, which own 5.9% of the shares. Overall, the article suggests a growth-positive outlook due to the strong institutional backing.
growth-positive
Should You Invest in Ituran Location and Control Ltd. (ITRN)?
Vulcan Value Partners released its Q1 2025 investor letter, highlighting Ituran Location and Control Ltd. as a significant contributor to its performance. Ituran, based in Israel, offers location-based telematics services and products, primarily in Israel and Brazil. Despite a recent increase in share price, Vulcan believes Ituran remains undervalued. The company generates strong free cash flow and stable margins through its subscription service, which provides vehicle tracking and insurance discounts. Iturans stock closed at $33.38 per share on April 14, 2025, with a market cap of $664.048 million. Although Ituran is not among the most popular stocks with hedge funds, it is held by 15 hedge fund portfolios. Vulcan sees potential in AI stocks for higher returns.
growth-positive
Top 3 Dividend Stocks To Consider For Your Portfolio
The article discusses the impact of recent market turmoil on U.S. stock indexes, highlighting the potential stability and income potential offered by dividend stocks. Ituran Location and Control Ltd. is featured as a company with a strong dividend yield of 5.7% and a recent 25% increase in its dividend payout, reflecting strong profitability and cash flow. The companys stock is considered to be trading below its estimated fair value, making it appealing to income-focused investors. The article also mentions Costamare Inc., a global owner and operator of containerships and dry bulk vessels, with a significant market cap and revenue primarily derived from its Container Vessels segment.
growth-positive
ITURAN TO PRESENT AT THE LD MICRO INVITATIONAL XV
Ituran Location and Control Ltd., a leader in vehicle telematics, is set to participate in the 15th Annual LD Micro Invitational investor conference in New York on April 9th and 10th, 2025. The event will feature presentations from leading small-cap companies and private meetings with investors. Iturans CEO, Ariad Sommer, will present on April 10th, highlighting the companys offerings in location-based services and connected-car technology. Ituran, with a strong presence in Latin America and Israel, has a subscriber base of over 2.4 million and employs around 3,000 people globally. The company is also involved in promoting smart mobility technology through its DRIVE startup incubator.
growth-positive
US Market's Top 3 Undiscovered Gems With Strong Potential
Value Line, Inc., with a market cap of approximately $358.19 million, is involved in producing and selling investment periodicals and related publications. The company has shown resilience with a consistent 1.6% annual earnings growth and no debt over the past five years. Despite a slight dip in quarterly revenue, net income for the nine months increased, indicating high-quality earnings. Value Line declared a quarterly dividend of $0.30 per share, reflecting stable shareholder returns. The companys 17.8% earnings growth aligns with market averages, suggesting steady performance potential in the capital markets sector.
growth-positive
Here's Why We Think Ituran Location and Control (NASDAQ:ITRN) Is Well Worth Watching
The article discusses Ituran Location and Control, highlighting its profitability and growth. The company has shown consistent earnings per share (EPS) growth of 18% annually over three years, which is a positive indicator for long-term investors. Revenue increased by 5.1% to $336 million, while EBIT margins remained stable. The CEOs compensation of $1.9 million is below the median for similar-sized companies, suggesting alignment with shareholder interests. Overall, the article portrays Ituran Location and Control as a profitable and growing company, making it an attractive option for investors seeking stability and growth.
growth-positive
Earnings Update: Here's Why Analysts Just Lifted Their Ituran Location and Control Ltd. (NASDAQ:ITRN) Price Target To US$44.35
Ituran Location and Control Ltd. recently released its yearly financial results, reporting a revenue of US$336 million, which aligns with analyst forecasts. However, the companys earnings per share (EPS) exceeded expectations at US$2.70, 2% higher than anticipated. Following these results, analysts have adjusted their forecasts, predicting a 6.7% revenue growth to US$358.9 million and an 8% increase in EPS to US$2.91 by 2025. The consensus price target for the company has also risen by 20% to US$44.35, indicating increased optimism about its earnings potential. Despite this positive outlook, Iturans growth rate is expected to match the industry average, which is slightly below the broader industrys forecasted growth.
growth-positive
Ituran Location and Control Full Year 2024 Earnings: EPS Beats Expectations
Ituran Location and Control reported a revenue increase of 5.1% to US$336.3 million and a net income rise of 12% to US$53.7 million for the fiscal year 2024. The profit margin improved to 16%, up from 15% in the previous fiscal year, driven by higher revenue. Earnings per share (EPS) also increased to US$2.70, surpassing analyst estimates by 2.0%. The companys shares have risen by 4.8% over the past week. Looking forward, revenue is expected to grow at an average annual rate of 9.2% over the next two years, outpacing the US Communications industrys forecasted growth of 7.9%.
growth-positive
ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million Declared for the Fourth Quarter of 2024
Ituran Location and Control Ltd. announced a 25% increase in its quarterly dividend, now totaling approximately $10 million, to be paid on April 3, 2025. The decision was made after confirming compliance with Israeli distribution laws and ensuring the companys financial stability. With a strong cash position and a growing subscriber base of over 2.4 million, Ituran continues to lead in the mobility technology sector, offering location-based services and connected-car solutions. The company operates in over 20 countries and is the largest OEM telematics provider in Latin America.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the fourth quarter 2024. Highlights of...
Ituran Location and Control Ltd. reported strong financial results for the fourth quarter and full year of 2024. The company added 157,000 net subscribers during the year, reaching a total of 2,409,000 by year-end. Revenue increased by 5% year-over-year to $336.3 million, with net income rising by 11% to $53.7 million. The company also declared a 25% increase in its dividend policy to $10 million per quarter. Ituran plans to accelerate subscriber growth in 2025, expecting net subscriber additions to reach between 180,000 and 200,000. The company continues to develop new products and services, leveraging advanced technologies.
Customers
growth-positive
ITURAN PRESENTS FOURTH QUARTER & FULL YEAR 2024 RESULTS
Ituran Location and Control Ltd. reported strong financial results for the fourth quarter and full year of 2024, with significant growth in subscribers and financial metrics. The company added 157,000 net subscribers during the year, reaching 2,409,000 by year-end. Revenue increased by 5% year-over-year to $336.3 million, while net income rose by 11% to $53.7 million. The company declared $34 million in dividends for the year and increased its quarterly dividend policy by 25% to $10 million. Looking ahead, Ituran expects to add 180,000-200,000 net subscribers in 2025, driven by investments in new products and services.
Customers
growth-positive
Ituran: Q4 Earnings Snapshot
Ituran Location & Control Ltd., based in Azoor, Israel, reported a strong financial performance for its fourth quarter, with earnings of $13.8 million, equating to 70 cents per share. The companys revenue for the quarter was $82.9 million. For the entire year, Ituran reported a profit of $53.7 million, or $2.70 per share, with total revenue reaching $336.3 million. Ituran specializes in tracking and communications technology for vehicles. The positive financial results indicate a growth-positive impact on the company.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the...
Ituran Location and Control Ltd. announced a 25% increase in its quarterly dividend, amounting to $10 million. The dividend will be distributed at $0.50 per share to shareholders of record as of March 20, 2025, and paid on April 3, 2025. The decision was made after confirming compliance with Israeli law and ensuring the companys financial stability. Ituran, a leader in mobility technology, offers location-based services and has a significant subscriber base of over 2.4 million. The company operates in over 20 countries and is the largest OEM telematics provider in Latin America. Iturans financials remain strong, with substantial retained earnings and cash balance.
growth-positive
Top US Dividend Stocks To Watch In February 2025
The article discusses the current downturn in the U.S. stock market, highlighting the appeal of dividend stocks in such volatile conditions. Farmers National Banc Corp. is featured as a bank holding company offering a range of financial services, with a strong dividend yield of 4.7%. The company is trading significantly below its estimated fair value, making it an attractive option for investors seeking stable income. Recent executive changes are expected to support growth strategies and enhance future performance. The companys dividend payouts are well-covered by earnings, and its financial stability has been consistent over the past decade.
Management Changes
growth-negative
Uncovering Aehr Test Systems And 2 Other Undiscovered Gems In The US Market
Aehr Test Systems, a company specializing in semiconductor testing solutions, has experienced a challenging financial period. Despite a favorable price-to-earnings ratio and being debt-free, the company reported a net loss of $1.03 million for Q2, a significant decline from the previous years net income of $6.09 million. Revenue also fell from $21.43 million to $13.45 million year-on-year, primarily due to order delays and ongoing legal challenges. This has negatively impacted the companys growth prospects, even though it has outperformed the industry average earnings growth. The companys market capitalization stands at $318.51 million.
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES FOURTH QUARTER & FULL YEAR 2024 RESULTS RELEASE AND CONFERENCE CALL FOR FEBRUARY 26, 2025
Ituran Location and Control Ltd., a leader in mobility technology, announced it will release its Q4 and full-year 2024 financial results on February 26, 2025. The company will host a video conference call to discuss the results, which will be accessible via Zoom. Ituran provides location-based services, including stolen vehicle recovery and fleet management, and is the largest OEM telematics provider in Latin America. The company has a significant subscriber base of nearly 2.5 million across over 20 countries. Established in 1995, Ituran employs approximately 2,800 people globally, with offices in multiple countries. The announcement is expected to have a growth-positive impact on the company.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its fourth quarter and full year 2024 results on...
Ituran Location and Control Ltd. announced that it will release its fourth quarter and full year 2024 financial results on February 26, 2025. The company will host a video conference call via Zoom to discuss the results and answer investor questions. Ituran is a leader in mobility technology, offering location-based services such as stolen vehicle recovery and fleet management. The company has a significant subscriber base of nearly 2.5 million and operates in over 20 countries. Ituran is the largest OEM telematics provider in Latin America and promotes smart mobility technology through its DRIVE startup incubator.
growth-positive
Is Ituran Location and Control Ltd.'s (NASDAQ:ITRN) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Ituran Location and Control has experienced a significant 22% increase in its stock price over the last three months, attributed to its strong financial performance. The companys return on equity (ROE) is notably high at 29%, surpassing the industry average of 15%. This impressive ROE indicates efficient profit generation and suggests strong future earnings growth potential. Over the past five years, Ituran has achieved a remarkable 31% net income growth, significantly outpacing the industry average of 7%. The article emphasizes the importance of assessing whether the companys earnings growth is reflected in its stock valuation.
growth-positive
3 US Dividend Stocks Yielding At Least 3% For Your Portfolio
Ituran Location and Control Ltd. is a company offering location-based telematics services and products, with a market cap of approximately $659.87 million. The company derives revenue from Telematics Products and Services, and offers a dividend yield of 4.6%, placing it in the top 25% of US payers. Despite a volatile dividend history, recent strategic expansions into Indias telematics sector and a new agreement with Nissan Chile indicate growth potential. The company has affirmed a US$0.39 per share dividend, reflecting ongoing shareholder returns amidst strategic developments. Ituran is trading behind its estimated value, suggesting potential for investors.
PartnersCustomers
growth-positive
Uncovering January 2025's Undiscovered Gems in the United States
Unity Bancorp, Inc., a bank holding company for Unity Bank, is highlighted for its strong financial health and growth potential. With a market cap of $455.18 million, Unity Bancorp offers commercial and retail banking services. The company boasts a net interest margin of 4.2% and maintains a low-risk funding structure with 89% customer deposits. Despite recent insider selling, Unity Bancorp is trading at a valuation 66% below its estimated fair value, suggesting potential for future growth. The banks robust financial metrics, including a bad loan allowance of 205%, position it well for continued success in the financial sector.
growth-positive
ITURAN ANNOUNCES PARTICIPATION IN UPCOMING CONFERENCES IN JANUARY 2025
Ituran Location and Control Ltd., a leader in vehicle telematics, announced its participation in the 27th Annual Needham Growth Conference and the Freedom Capital Markets Israel Opportunities Event in January 2025. The company, which provides location-based services for connected cars, will have its Deputy CEO, Udi Mizrahi, present to investors and participate in a panel on technology trends. Ituran, with a strong presence in Latin America and Israel, has over 2.3 million subscribers and operates in more than 20 countries. The company is also involved in promoting smart mobility technology through its DRIVE startup incubator.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (Nasdaq: ITRN), a global leader in vehicle telematics, today announced management's participation at the 27th...
Ituran Location and Control Ltd., a leader in vehicle telematics, announced its participation in the 27th Annual Needham Growth Conference and the Freedom Capital Markets Israel Opportunities Event in January 2025. The company, which provides location-based services for connected cars, will have its Deputy CEO, Mr. Udi Mizrahi, present to investors and participate in a panel discussion on technology trends and investment themes. Ituran, with a strong presence in Israel and Latin America, has over 2.3 million subscribers and is the largest OEM telematics provider in Latin America. The company is also involved in promoting smart mobility technology through its DRIVE startup incubator.
CustomersPartners
growth-positive
Is Ituran Location and Control Ltd. (NASDAQ:ITRN) Potentially Undervalued?
Ituran Location and Control Ltd. (NASDAQ:ITRN) has experienced a significant increase in its stock price on the NASDAQGS, reaching its highest level in the past year. Despite this rise, the company is still considered to be trading at a relatively low price compared to its industry peers, based on its price-to-earnings ratio. This suggests that there may still be a bargain opportunity for investors. The companys earnings are expected to grow by 28% over the next few years, indicating a positive outlook and potential for increased cash flows and share value. Investors are encouraged to consider the companys growth prospects and financial health when evaluating their investment decisions.
growth-positive
Discover US Dividend Stocks For December 2024
The article highlights the attractiveness of dividend stocks amidst a volatile U.S. stock market in December. Ituran Location and Control Ltd., a company providing telematics services and products, is featured for its strong dividend yield of 5.22%, ranking in the top 25% among U.S. market dividend payers. The company has formed strategic alliances with Daimler India Commercial Vehicles and Nissan Chile, which are expected to support future growth and financial stability. Despite a history of dividend volatility, Iturans consistent earnings growth aids in maintaining its current dividend levels. The article suggests that Iturans share price may be undervalued compared to its estimated value.
Partners
growth-positive
Unveiling Undiscovered Gems in United States This December 2024
TAT Technologies Ltd., a company in the Aerospace & Defense sector, has demonstrated significant earnings growth of 67.4% over the past year, surpassing industry averages. The company, with a market cap of $282.36 million, primarily generates revenue from providing solutions and services to the aerospace and defense sectors. Recent financial results show a revenue increase for Q3 to US$40 million from US$30 million the previous year, and net income rising to US$2.87 million from US$2.15 million. A notable development is a new five-year agreement worth approximately $17 million with a major North American cargo carrier, highlighting potential growth opportunities. The companys financial health is stable, with a net debt to equity ratio of 6.9%.
Partners
growth-positive
IBN Coverage: Ituran Location and Control (NASDAQ: ITRN) CEO Discusses Company's Journey From Humble Beginnings to Global Leadership
Ituran Location and Control Ltd., a leader in telematics and mobility technology, is expanding its reach into over 27 countries with innovative solutions. The company has formed strategic partnerships with major automotive players like GM, Nissan, and Porsche, leveraging AI and big data to enhance driver safety and meet market demands. Ituran is committed to sustainable growth, evidenced by 15 years of consistent dividends and a growing subscriber base of over 2.3 million. The company is also fostering smart mobility technology through its DRIVE startup incubator. This expansion and innovation strategy positions Ituran as a key player in the telematics industry.
PartnersExpand
growth-positive
Why The 30% Return On Capital At Ituran Location and Control (NASDAQ:ITRN) Should Have Your Attention
The article discusses the financial performance of Ituran Location and Control, highlighting its impressive Return on Capital Employed (ROCE) of 30%, which is significantly higher than the industry average of 11%. Over the past five years, the companys ROCE has grown by 36% while maintaining a consistent amount of capital employed. This suggests that Ituran is effectively leveraging its past investments to generate higher returns. The companys stock has rewarded shareholders with a 51% return over the same period, indicating positive investor sentiment and potential for continued growth. The article suggests that Iturans business model and reinvestment opportunities are strong, making it a promising company for further research.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (Nasdaq: ITRN) announced that its joint venture in India, Lumax Ituran Telematics Pvt Ltd., successfully...
Ituran Location and Control Ltd. announced the successful validation and trial of its telematic devices in collaboration with its joint venture, Lumax Ituran Telematics Pvt Ltd., and Daimler India Commercial Vehicles (DICV). This marks a significant milestone in Iturans strategic expansion into the Indian automotive telematics sector. The validation involved approximately 15,000 vehicles, and Ituran expects to continue selling tens of thousands of connected devices to DICV annually. This partnership with DICV, a key global OEM, reinforces Iturans position in the global connected vehicle market and expands its reach in the rapidly evolving Indian automotive market.
CustomersPartnersExpand
growth-positive
ITURAN'S JV IN INDIA COMPLETES SUCCESSFUL VALIDATION WITH DAIMLER INDIA COMMERCIAL VEHICLES FOR ITS CONNECTED TELEMATIC DEVICES
Ituran Location and Control Ltd., through its joint venture Lumax Ituran Telematics Pvt Ltd., has successfully completed a validation and trial period for its telematic devices with Daimler India Commercial Vehicles (DICV). This success marks a significant growth milestone for Iturans strategic expansion into Indias automotive telematics sector. The partnership with DICV, a key global OEM, is expected to result in the sale of tens of thousands of connected devices annually. This expansion reinforces Iturans position in the global connected vehicle market and highlights its commitment to bringing innovative telematics solutions to the rapidly evolving Indian automotive market.
CustomersPartnersExpand
growth-positive
Ituran Location and Control Ltd (ITRN) Q3 2024 Earnings Call Highlights: Strong Revenue Growth ...
Ituran Location and Control Ltd reported a positive financial performance with a 3% increase in revenue year-over-year, reaching $83.5 million. The company saw a net increase of 40,000 subscribers and announced a new five-year contract with Nissan Chile, expanding their partnership. Despite a 1% decrease in subscription fees revenue due to currency impacts, the company maintained a strong net cash position of $67.3 million and declared an $8 million dividend, a 60% increase over the previous year. The geopolitical situation in Israel and currency headwinds posed challenges, but the company managed to maintain stability.
CustomersPartners
growth-positive
Ituran Shows Strong Q3 Growth and Dividend Declaration
Ituran Location And Control (ITRN) reported strong financial results for Q3 2024, with a 3% increase in revenue to $83.5 million and a 9% rise in net income to $13.7 million. The company expanded its subscriber base by 40,000, reaching a total of 2.37 million. Ituran declared an $8 million dividend, highlighting its strong profitability and cash flow. Despite currency fluctuations, the demand for its location-based services remains robust. The article emphasizes the companys growth and financial health, suggesting a positive outlook for investors.
Customers
growth-negative
Top US Dividend Stocks To Consider In November 2024
The article discusses the performance of dividend stocks amidst a bullish U.S. stock market, highlighting First Interstate BancSystem as a notable example. Despite a stable dividend yield of 5.56% and a market cap of approximately $3.49 billion, the company faces challenges with reduced net income and insider selling concerns. The dividend payout ratio is currently at 82.3%, with projections to improve to 71.6%. The article suggests that the share price of First Interstate BancSystem may be overvalued. The focus is on the companys ability to maintain its dividend payouts in the face of financial challenges.
growth-positive
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Ituran Location and Control Ltd. announced a cash dividend distribution of $0.39 per share, totaling approximately $8 million, to be paid on January 8, 2025, to shareholders of record as of December 23, 2024. The decision was made after ensuring compliance with Israeli law and confirming that the distribution would not affect the companys operational capabilities or future plans. As of September 30, 2024, Ituran had retained earnings of $220.1 million, which will decrease to $212.1 million post-distribution. The company had a cash balance of $67.5 million and credit from banking institutions of $0.2 million. Ituran, a leader in mobility technology, has over 2.3 million subscribers and operates in more than 20 countries, with a strong presence in Israel and Latin America.
growth-positive
Ituran: Q3 Earnings Snapshot
Ituran Location & Control Ltd., based in Azoor, Israel, reported a net income of $13.7 million for its third quarter, translating to 69 cents per share. The company, which specializes in tracking and communications technology for vehicles, generated $83.5 million in revenue during this period. The financial results indicate a positive performance for the company in the third quarter. This report was generated using data from Zacks Investment Research.
growth-positive
ITURAN PRESENTS THIRD QUARTER 2024 RESULTS
Ituran Location and Control Ltd. reported strong financial results for the third quarter of 2024, with a 3% year-over-year increase in revenue to $83.5 million and a 9% increase in net income to $13.7 million. The company added 40,000 net new subscribers, bringing the total to 2,369,000. EBITDA grew by 4% to $23.3 million, and operating cash flow was $17.2 million. Ituran declared an $8 million dividend for the quarter. The company reiterated its guidance for continued revenue and profit growth, expecting to add 35,000 to 40,000 new subscribers in the fourth quarter. The financial performance was strong despite the impact of a strengthening US dollar on local currency revenues.
Customers
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the third quarter 2024. Highlights of...
Ituran Location and Control Ltd. reported strong financial results for the third quarter of 2024, highlighting a growth in profitability and subscriber base. The company added a net 40,000 subscribers, bringing the total to 2,369,000. Revenue increased by 3% year-over-year to $83.5 million, while net income rose by 9% to $13.7 million. EBITDA also saw a 4% increase, reaching $23.3 million. The company declared an $8 million dividend for the quarter. Management reiterated its guidance for continued revenue and profit growth, expecting to add 35,000 to 40,000 new subscribers in the fourth quarter. The company remains financially robust with a net cash position of $67.3 million.
Customers
growth-negative
3 Undiscovered Gems In The US Market With Strong Potential
NVE Corporation, a player in the semiconductor industry, has faced recent challenges despite being debt-free and maintaining high-quality earnings. The companys earnings growth has been -25.3%, significantly lagging behind the industry average of -3.9%. For Q2 2024, NVE reported revenue of $6.76 million, down from $7.13 million the previous year, and net income of $4.03 million, a decrease from $4.72 million. Despite these headwinds, NVE remains profitable and free cash flow positive, with a market cap of $362.45 million. The article highlights the companys current performance issues amidst a broader discussion of the US markets resilience and potential growth opportunities.
growth-positive
ITURAN AND NISSAN SIGN A CONTRACT FOR VEHICLE TRACKING AND RECOVERY SERVICES IN CHILE
Ituran Location and Control Ltd., a leader in vehicle telematics, has expanded its partnership with Nissan by signing a 5-year contract with Nissan Chile. Under this agreement, Ituran will provide Vehicle Location Units and a suite of telematics and stolen vehicle recovery services to Nissan and its customers in Chile. This partnership builds on their successful collaboration in Mexico and aims to enhance the customer experience with advanced vehicle tracking and recovery services. The agreement initially covers three vehicle models, with plans to expand to tens of thousands of vehicles. Nissans customers will receive a one-year free trial of Iturans services, paid for by Nissan. This strategic partnership is expected to strengthen Iturans presence in the Chilean market and potentially expand to additional regions.
PartnersCustomers
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, today announced that following its long-term...
Ituran Location and Control Ltd., a leader in vehicle telematics, has expanded its partnership with Nissan by signing a 5-year contract with Nissan Chile. Under this agreement, Ituran will provide Vehicle Location Units and a suite of telematics and stolen vehicle recovery services to Nissan and its customers in Chile. This partnership builds on their successful collaboration in Mexico and is expected to cover tens of thousands of vehicles over the years. Nissan customers will benefit from a one-year free trial of Iturans services, enhancing their experience with advanced vehicle tracking and recovery solutions. This strategic partnership is seen as a positive growth opportunity for Ituran, allowing them to expand their services in the Chilean market and potentially other regions in the future.
PartnersCustomers
growth-positive
Top 3 US Dividend Stocks To Consider For Your Portfolio
The article discusses the performance of dividend stocks in the U.S. market, highlighting Ituran Location and Control, ICL Group, and Movado Group. Ituran Location and Control, with a market cap of $552.05 million, offers a dividend yield of 5.57% and has a strategic partnership with Microsoft and Porsche, enhancing its technological innovation in motorsports telemetry systems. ICL Group, with a market cap of $5.25 billion, has a dividend yield of 4.49% but faces financial challenges with a decline in net income. Movado Group, with a market cap of $440.48 million, offers a high dividend yield of 7.25% but struggles with financial volatility. The article suggests potential undervaluation of these companies and emphasizes the importance of dividend stocks in a fluctuating market.
Partners
growth-positive
ITURAN MEXICO RECEIVES NISSAN SUPPLIER OF THE YEAR REGIONAL AFTERSALES AWARD
Ituran Location and Control Ltd., a leader in mobility technology, announced that its subsidiary, Ituran Mexico, received Nissans Supplier of the Year 2024 Regional Aftersales Accessory Parts award. This recognition underscores Iturans commitment to delivering high-quality service and innovative telematics solutions to Nissan and its customers. The award highlights Iturans strengths in timely deliveries, engineering capabilities, and problem-solving, solidifying its position as a top partner to Nissan in Mexico. Ituran continues to invest in cutting-edge technologies, such as predictive analytics and AI-driven insights, to enhance its offerings and strengthen partnerships with automotive manufacturers. The company has a significant presence in Latin America and a growing subscriber base of over 2.3 million users worldwide.
CustomersPartners
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2024 RESULTS RELEASE AND CONFERENCE CALL FOR THURSDAY, NOVEMBER 21, 2024
Ituran Location and Control Ltd., a leader in mobility technology, announced it will release its third quarter 2024 financial results on November 21, 2024. The company will host a conference call on the same day to discuss the results and answer investor questions. Ituran, known for its location-based services and connected-car solutions, has a significant subscriber base of over 2.3 million across more than 20 countries. The company is the largest OEM telematics provider in Latin America and has a strong market presence in Israel and Latin America. Ituran employs approximately 2,800 people worldwide and continues to expand its services in the mobility technology sector.
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (Nasdaq: ITRN), a global leader in vehicle telematics, today announced its management's participation at the...
Ituran Location and Control Ltd., a leader in vehicle telematics, announced its participation in the 17th Annual LD Micro Main Event XVII Conference. The event, held from October 28 to October 30, 2024, at the Luxe Sunset Boulevard Hotel, features presentations from around 150 companies. Iturans management will present to investors on October 30 at 8:30 am PT, with opportunities for one-on-one meetings throughout the conference. The company, known for its location-based services and connected-car solutions, has a significant subscriber base of over 2 million and operates in more than 20 countries. The conference provides Ituran an opportunity to showcase its offerings to potential investors and analysts, potentially boosting its growth prospects.
growth-positive
ITURAN ANNOUNCES UPCOMING PARTICIPATION AT THE LD MICRO MAIN EVENT CONFERENCE IN LOS ANGELES
Ituran Location and Control Ltd., a leader in vehicle telematics, announced its participation in the 17th Annual LD Micro Main Event XVII Conference. The event, held from October 28 to 30, 2024, at the Luxe Sunset Boulevard Hotel, features presentations from around 150 companies. Iturans management will present to investors on October 30 at 8:30 am PT and will be available for one-on-one meetings throughout the conference. The company, which has a strong market presence in Israel and Latin America, offers a range of location-based services and has over 2 million subscribers. The event provides an opportunity for Ituran to engage with investors and analysts, potentially enhancing its growth prospects.
growth-negative
Investors in Ituran Location and Control (NASDAQ:ITRN) have unfortunately lost 6.4% over the last year
The article discusses the performance of Ituran Location and Control Ltd. over the past year, highlighting a decline in share price by 11% despite an improvement in earnings per share (EPS). This contrasts with a market return of 36%. The total shareholder return (TSR) for the company was -6.4%, which was better than the share price return due to dividend payments. The article suggests that the recent decline might present a buying opportunity, as long-term shareholders have seen gains over the past five years. It emphasizes the importance of considering other metrics and risks when evaluating the companys future performance.
growth-positive
With 55% ownership of the shares, Ituran Location and Control Ltd. (NASDAQ:ITRN) is heavily dominated by institutional owners
The article discusses the significant influence of institutional investors on Ituran Location and Control Ltd. (NASDAQ:ITRN), which holds 55% of the companys shares. The top six shareholders own 50% of the company, with Moked Ituran Ltd. being the largest shareholder at 20%. The presence of institutional investors is seen as a positive trait, suggesting credibility among professional investors. However, the article also highlights the risks associated with crowded trades and the potential influence of hedge funds, which own 11% of the company. The general public holds a 13% stake, while private companies own 20%. The companys market capitalization is approximately $552 million.
Investment
Growth-Positive
Ituran Location and Control Second Quarter 2024 Earnings: EPS: US$0.66 (vs US$0.61 in 2Q 2023)
Ituran Location and Control has reported its second quarter 2024 results. The companys revenue was US$84.9m, up 3.9% from the second quarter of 2023. Net income was US$13.1m, up 7.2% from the same period in 2023. The profit margin remained in line with the second quarter of 2023 at 16%. The companys earnings per share (EPS) was US$0.66, up from US$0.61 in the second quarter of 2023. Looking ahead, the companys revenue is forecast to grow 9.1% per annum on average over the next three years.
Growth-Positive
Top US Dividend Stocks For August 2024
The article discusses the performance of three companies: Timberland Bancorp, Ituran Location and Control, and Penns Woods Bancorp. Despite a slight pullback in the U.S. stock market, these companies continue to offer stable dividend yields. Timberland Bancorp, with a market cap of $236.11 million, offers a dividend yield of 3.22% and has been repurchasing shares. Ituran Location and Control, with a market cap of $554.43M, reported strong earnings for Q2 2024 and announced a dividend of $0.39 per share. Penns Woods Bancorp, with a market cap of $176.32 million, declared a Q2 2024 dividend of $0.32 per share.
Investment
growth-positive
/PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the second quarter 2024. Highlights of...
Ituran Location and Control Ltd. reported strong financial results for the second quarter of 2024, with revenue increasing by 4% year-over-year to $84.9 million and net income rising by 7% to $13.1 million. The company added 38,000 net new subscribers, bringing the total to 2,329,000. EBITDA grew by 6% to $23.1 million. The Board declared an $8 million dividend for the quarter. Management reiterated its guidance for continued revenue and profit growth in 2024, expecting to add 35,000 to 40,000 net new subscribers each quarter. The company remains financially robust with a net cash position of $63.1 million.
Customers
growth-positive
Ituran: Q2 Earnings Snapshot
Ituran Location & Control Ltd. reported a net income of $13.1 million in its second quarter. The Israel-based company, which makes tracking and communications technology for vehicles, posted revenue of $84.9 million in the period.
Investment
growth-positive
ITURAN PRESENTS SECOND QUARTER 2024 RESULTS
Ituran Location and Control Ltd. has announced its Q2 2024 financial results, showing strong profitability and growth. The company added 38,000 net subscribers in the quarter, bringing the total to 2,329,000. Revenue increased by 4% year-over-year to $84.9 million, and net income grew by 7% to $13.1 million. The companys board declared a dividend of $8 million. Looking ahead, management expects continued revenue and profit growth, with an addition of 35,000 to 40,000 net new subscribers per quarter throughout 2024.
CustomersInvestment
growth-positive
Is Ituran Location and Control Ltd.'s (NASDAQ:ITRN) Recent Stock Performance Tethered To Its Strong Fundamentals?
Ituran Location and Controls stock has increased by 5.3% over the past month, prompting a closer look at its financial indicators. The companys ROE (Return on Equity) is a notable 28%, significantly higher than the industry average of 7.3%. This has likely contributed to the companys modest 15% net income growth over the past five years, which is also higher than the industry average. Ituran Location and Control retains 68% of its profits, indicating efficient reinvestment. The companys future ROE is expected to decline to 22%, but this is not anticipated to significantly affect its payout ratio.
Investment
Growth-Positive
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Ituran Location and Control Ltd. has announced that its Board of Directors has approved the distribution of a cash dividend of $0.39 per share, totaling approximately $8 million. The dividend will be paid to shareholders of record as of September 26, 2024, and will be paid out on October 9, 2024. The Board of Directors has confirmed that this distribution will not affect the companys ability to continue its current business operations or future plans. As of June 30, 2024, the company had retained earnings of $214.2 million and a cash balance of $63.2 million.
Investment
growth-positive
Ituran, Microsoft and Porsche Carrera Cup Collaborate to Boost Motorsport Performance with Real-Time Telemetry Data
Ituran Location and Control Ltd. has announced a partnership with Microsoft and Porsche to bring real-time data telemetry technology to the Porsche Carrera Cup motor race. The technology collects and transmits data in real-time to the Microsoft Azure cloud, enabling Porsche racing teams to make quick, informed decisions during races. The technology was tested throughout the 2023 season in Brazil and is fully operational for the 2024 season in Brazil, Argentina, and Portugal. The partnership aims to improve performance, efficiency, and race strategy in motorsports.
PartnersExpand
growth-positive
With EPS Growth And More, Ituran Location and Control (NASDAQ:ITRN) Makes An Interesting Case
The article discusses the investment potential of Ituran Location and Control, a profitable tech company. The company has seen a growth in its Earnings Per Share (EPS) by 42% per year over the last three years, and its revenue has also grown by 8.3% to US$326m. The CEOs compensation is also considered reasonable, which is seen as a positive sign for potential investors. The article suggests that Ituran Location and Control could be a good addition to an investors watchlist due to its consistent profitability and growth.
Investment
Neutral
ITURAN LOCATION AND CONTROL LTD. SCHEDULES SECOND QUARTER 2024 RESULTS RELEASE AND CONFERENCE CALL FOR MONDAY, AUGUST 19, 2024
Ituran Location and Control Ltd. has announced that it will be releasing its second quarter 2024 results on August 19, 2024. The company will host a conference call on the same day to review and discuss the results. Ituran is a leader in the emerging mobility technology field, providing location-based services, including services for the connected-car. It has over 2.2 million subscribers using its location-based services and has a market leading position in Israel and Latin America.
growth-positive
Is Now An Opportune Moment To Examine Ituran Location and Control Ltd. (NASDAQ:ITRN)?
Ituran Location and Control Ltd. has been receiving attention due to substantial price movement on the NASDAQGS over the last few months. The companys current trading price is $25.17, which is considered undervalued according to a price multiple model. The model compares the companys price-to-earnings ratio to the industry average, and Iturans ratio of 10.05x is below its peer average of 26.89x. The companys revenue growth is expected to be in the teens in the upcoming years, indicating a solid future. This suggests that it might be a good time to invest in the company.
Investment
growth-positive
Why We Like The Returns At Ituran Location and Control (NASDAQ:ITRN)
Ituran Location and Control has shown promising trends in terms of return on capital employed (ROCE) and capital employed expansion. The companys ROCE has grown 35% over the last five years, indicating improved business efficiencies. Despite the stocks flat total return over the same period, the companys improved ROCE could present an investment opportunity if the valuation is attractive. Further research into the companys long-term growth prospects is recommended.
Investment
Neutral
Four Days Left To Buy Ituran Location and Control Ltd. (NASDAQ:ITRN) Before The Ex-Dividend Date
Ituran Location and Control Ltd. is set to trade ex-dividend in four days. The companys next dividend payment will be US$0.39 per share, with a total distribution of US$1.56 to shareholders last year. The companys payout ratio is modest, at just 47% of profit, and it paid out 24% of its free cash flow as dividends last year. However, the companys earnings have been declining by 2.7% a year over the past five years. Despite the low cash and profit payout ratios, the declining earnings are considered a warning sign.
growth-positive
Exploring Dividend Stocks For Enhanced Portfolio In May 2024
The article discusses the performance of three companies, Ituran Location and Control, Entravision Communications, and GeoPark, in the context of the US stock markets significant uptick over the past year. Ituran Location and Control, with a market capitalization of approximately $551.65 million, has affirmed a quarterly dividend of US$0.39 per share. Entravision Communications, with a market capitalization of approximately $192.91 million, offers a high dividend yield of 9.39%. GeoPark, with a market capitalization of approximately $566.40 million, recently raised its quarterly dividend to $0.147 per share.
Investment
growth-positive
ITURAN PRESENTS FIRST QUARTER 2024 RESULTS
Ituran Location and Control Ltd. has announced its Q1 2024 financial results, reporting record revenue of $85.0 million, a 7% increase year-over-year. The companys net income increased to $13.0 million, up by 15% year-over-year, and EBITDA grew to $22.3 million, a 7% increase year-over-year. The number of subscribers reached 2,291,000, adding a net 39,000 in the first quarter. The companys board declared a dividend of $8 million or $0.39 per share. Iturans management expects to add approximately 35,000 to 40,000 net new subscribers per quarter during 2024.
CustomersInvestment
Growth-Positive
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Ituran Location and Control Ltd. has announced that its Board of Directors has approved the distribution of a cash dividend of $0.39 per share, totaling approximately $8 million. The dividend will be paid to shareholders of record as of June 18, 2024, and will be paid out on July 2, 2024, net of taxes at the rate of 25%. The Board of Directors has determined that this distribution will not undermine the companys ability to continue its current business operations or future plans.
Investment
Neutral
ITURAN LOCATION AND CONTROL LTD. SCHEDULES FIRST QUARTER 2024 RESULTS RELEASE AND CONFERENCE CALL FOR TUESDAY, MAY 28, 2024
Ituran Location and Control Ltd. has announced that it will be releasing its first quarter 2024 results on Tuesday, May 28, 2024. The company will host a conference call on the same day to review and discuss the results. Ituran is a leader in the emerging mobility technology field, providing location-based services, including services for the connected-car. Ituran has over 2.2 million subscribers using its location-based services and has a market leading position in Israel and Latin America.
growth-positive
7 Tech Stocks Blending Growth and Income for Maximum Returns
The article discusses seven tech companies that offer both growth and income. These include Climb Global Solutions, Taiwan Semiconductor, Broadcom, Ituran Location and Control, Upbound, Magic Software, and Himax Technologies. The companies operate in various sectors such as electronics and computer distribution, semiconductor manufacturing, communication equipment, application software, IT services, and display imaging processing technologies. The article highlights the companies financial performance, projected earnings per share, and anticipated sales. It also mentions the companies forward annual dividend yield and payout ratio.
InvestmentCustomers
growth-negative
Shareholders in Ituran Location and Control (NASDAQ:ITRN) are in the red if they invested five years ago
The share price of Ituran Location and Control Ltd. has fallen by 28% over the last five years, and by 9.2% in the last month. This decline could be related to the companys recent financial results. Over the past five years, both the companys share price and earnings per share (EPS) have declined, the latter at a rate of 3.4% per year. This reduction in EPS is less than the 6% annual reduction in the share price. The companys total shareholder return (TSR) for the last 5 years was -17%, which exceeds the share price return.
Public Trading
growth-positive
Ituran Increases Dividend To 6% And Earns $35 Price Target From Barclay Analyst
Ituran Location and Control has added $8 million to its dividend pool following a strong Q4, pushing its forward-looking yield to 6%. The company posted record financial metrics, including a 9% revenue increase year-over-year to $320 million, net income of $48 million, an increase of 30% year-over-year, and a 10% increase in EBITDA to $87 million. The company also generated $77 million in FY2023 operating cash flow, resulting from a string of deals from global companies interested in its telematics and connected car ecosystem. By the end of 2023, Ituran products and services subscribers reached almost 2.3 million. The company expects to add approximately 35,000 to 40,000 net new subscribers each quarter during 2024.
CustomersInvestment
growth-positive
3 Undervalued Stocks to Own if You Dream of Retiring Early
The article discusses three companies - M-Tron Industries, Canadian Solar, and Ituran Location & Control - as good investment prospects for early retirement. M-Tron Industries has seen a significant rise in operating income due to cost control and operational efficiency. Canadian Solar has ventured into the field of battery energy storage and has received a $500 million investment from BlackRock. Ituran Location & Control has seen robust subscriber growth and has clear financial forecasts. All three companies are seen as potential sources of wealth generation for early retirement planning.
CustomersInvestmentPublic Trading
Growth-Positive
Ituran to Present at the LD Micro Invitational XIV
Ituran Location and Control Ltd., a global leader in vehicle telematics, will be participating in the 14th Annual LD Micro Invitational in New York on April 8th-9th, 2024. The Deputy CEO, Mr. Udi Mizrahi, will present to investors on April 9th. The company provides location-based services, including services for the connected-car, and has a significant subscriber base in Israel and Latin America. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.
CustomersPartners
growth-positive
Is It Worth Considering Ituran Location and Control Ltd. (NASDAQ:ITRN) For Its Upcoming Dividend?
Ituran Location and Control Ltd. is about to go ex-dividend in three days. The companys upcoming dividend is US$0.39 a share, following on from the last 12 months, when the company distributed a total of US$0.96 per share to shareholders. Ituran Location and Control has a trailing yield of 5.7% on the current share price of US$27.18. It paid out 18% of its free cash flow as dividends last year, which is conservatively low. Ituran Location and Controls earnings per share have been shrinking at 3.4% a year over the previous five years.
Investment
growth-positive
Dreaming in Dividends: 7 Tech Stocks That Pay You While You Sleep
The article discusses seven tech companies that offer dividends to their investors, providing a source of passive income. These companies include Taiwan Semiconductor, Qualcomm, Amdocs, Open Text, Seagate Technology, Ituran Location and Control, and Himax Technologies. While these companies are mature and may not offer the same level of capital gains as newer, more innovative companies, they provide consistent returns through their dividends. The article suggests that these companies should not be overlooked by investors seeking a steady income stream.
Investment
growth-positive
Ituran Location and Control (NASDAQ:ITRN) Will Pay A Larger Dividend Than Last Year At $0.39
The board of Ituran Location and Control Ltd. has announced that it will be paying its dividend of $0.39 on the 3rd of April, an increased payment from last years comparable dividend. The dividend yield for the company will be 3.6%. Ituran Location and Control was easily earning enough to cover the dividend before making this announcement. The next year is set to see EPS grow by 6.9%. The company has a long dividend history, but it has been cut at least once in the last 10 years. The dividend has gone from an annual total of $0.86 in 2014 to the most recent total annual payment of $0.96.
Investment
growth-positive
Ituran Location and Control Full Year 2023 Earnings: EPS: US$2.40 (vs US$1.82 in FY 2022)
Ituran Location and Control has reported its full year 2023 results. The companys revenue was US$320.0m, up 9.2% from FY 2022. Net income was US$48.1m, up 30% from FY 2022. The profit margin was 15%, up from 13% in FY 2022, driven by higher revenue. EPS was US$2.40, up from US$1.82 in FY 2022. The companys shares are up 3.5% from a week ago.
growth-positive
Ituran Location and Control Ltd. (NASDAQ:ITRN) Q4 2023 Earnings Call Transcript
Ituran Location and Control Ltd. reported its Q4 2023 earnings, meeting expectations with an EPS of $0.6. Despite facing challenges such as a terrorist attack and the ongoing pandemic, the company achieved strong results, with a record year in 2023. Iturans subscriber base grew by 42,000 in the quarter, exceeding expectations. The company also announced an increase in its quarterly dividend to $8 million, up from $5 million in the previous quarter. For 2024, Ituran expects to report full year EBITDA of between $90 million and $95 million.
CustomersInvestment
Growth-Positive
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $8 MILLION DIVIDEND
Ituran Location and Control Ltd. has announced that its Board of Directors has approved the distribution of a cash dividend of $0.39 per share, totaling approximately $8 million. The dividend will be paid to shareholders of record as of March 20, 2024, and will be paid out on April 3, 2024. The Board of Directors concluded that the distribution will not undermine the companys ability to continue its current business operations or future plans. As of December 31, 2023, the company had retained earnings of $203.5 million and a cash balance of $53.4 million.
Investment
growth-positive
ITURAN PRESENTS FOURTH QUARTER & FULL YEAR 2023 RESULTS
Ituran Location and Control Ltd. announced its consolidated financial results for Q4 and full year 2023. The company reported record financial metrics with revenue at $320.0 million, a 9% YoY increase, and net income of $48.1 million, a 30% YoY increase. Ituran added a record 186,000 subscribers in 2023, reaching 2,252,000 by year-end. The company also increased its dividend policy by 60% to $8 million per quarter and bought back shares worth $6.6 million during the year. For 2024, Ituran expects continued revenue growth and profitability, and aims to add approximately 35,000 to 40,000 net new subscribers per quarter.
CustomersInvestment
growth-positive
With 57% institutional ownership, Ituran Location and Control Ltd. (NASDAQ:ITRN) is a favorite amongst the big guns
Institutional investors own 57% of Ituran Location and Control Ltd., making the companys stock price sensitive to their trading actions. The top 10 shareholders hold 52% of the business. Hedge funds own 12% of the company, with Vulcan Value Partners, LLC being the largest shareholder with 8.5% of shares. Moked Ituran Ltd. and Phoenix Investments & Finances Ltd hold 7.2% and 6.2% of the company stock respectively. The general public owns 24% of the company. The board holds about US$923k worth of stock compared to a market capitalization of US$506m.
Investment
growth-positive
Jim Simons Adds Ituran Location and Control Ltd to Portfolio
On December 29, 2023, Renaissance Technologies, led by Jim Simons, expanded its investment portfolio by acquiring 16,100 shares of Ituran Location and Control Ltd. This transaction increased the total holdings to 1,123,800 shares, representing a 0.05% position in the firms portfolio and a 5.65% ownership of the traded stock. Ituran Location and Control Ltd, based in Israel, specializes in location-based services, including stolen vehicle recovery and fleet management. The company has a market capitalization of $503.904 million.
Investment
growth-positive
Ituran Location and Control Ltd.'s (NASDAQ:ITRN) Stock Has Shown A Decent Performance: Have Financials A Role To Play?
Ituran Location and Controls stock has increased by 4.3% over the past three months, which may be linked to the companys decent financials. The companys return on equity (ROE) is a notable 28%, higher than the industry average of 9.5%. However, despite this high ROE and a high profit retention, the companys earnings growth has been flat over the past five years. This could be due to external threats to the business or other factors. The company has been paying dividends for at least ten years, indicating that maintaining dividend payments is a priority for the management.
Neutral
ITURAN LOCATION AND CONTROL LTD. SCHEDULES FOURTH QUARTER & FULL YEAR 2023 RESULTS RELEASE AND CONFERENCE CALL FOR FEBRUARY 29, 2024
Ituran Location and Control Ltd. has announced that it will be releasing its fourth quarter and full year 2023 results on February 29, 2024. The company will host a conference call on the same day to discuss the results and answer investor questions. Ituran is a leader in mobility technology, providing location-based services including services for the connected-car. Ituran has over 2 million subscribers using its location-based services and has a market leading position in Israel and Latin America.
None
Growth-Positive
Here's Why We Think Ituran Location and Control (NASDAQ:ITRN) Is Well Worth Watching
The article discusses the potential investment opportunity in Ituran Location and Control, a company that has been growing its earnings per share (EPS) by 40% per year over the last three years. The companys revenue has also grown by 9.9% to US$317m, while maintaining stable EBIT margins. The CEOs compensation is considered reasonable, which is seen as a positive sign for potential investors. The article suggests that the companys increasing profits and reasonable CEO compensation could indicate a promising future for the business.
Investment
growth-positive
We Like Ituran Location and Control's (NASDAQ:ITRN) Returns And Here's How They're Trending
Ituran Location and Control has demonstrated a positive trend in its return on capital employed (ROCE), which has grown by 41% over the last five years. The company has also managed to reduce its capital base while increasing its returns, indicating improved efficiency. Despite these promising trends, the total return from the stock has been almost flat over the last five years, suggesting that there might be an opportunity if the valuation looks good. However, there are also some risks associated with the company, including two warning signs that investors should be aware of.
growth-positive
There's A Lot To Like About Ituran Location and Control's (NASDAQ:ITRN) Upcoming US$0.24 Dividend
Ituran Location and Control Ltd. is set to go ex-dividend in four days. The companys next dividend payment will be US$0.24 per share, with the company distributing a total of US$0.60 to shareholders last year. Ituran Location and Controls payout ratio is modest, at just 30% of profit, and dividends were well covered by free cash flow, with the company paying out 21% of its cash flow last year. The companys earnings have been flat over the past five years, but it has managed to maintain its dividend payments.
Investment
growth-negative
Ituran Location and Control's (NASDAQ:ITRN) Upcoming Dividend Will Be Larger Than Last Year's
Ituran Location and Control Ltd. has announced an increase in its dividend from last years comparable payment to $0.24 on the 4th of January. However, this is still below the industry average. The companys earnings easily cover the dividend, indicating that most of its earnings are being used for growth. Over the next year, earnings per share are forecasted to rise by 9.1%. The company has cut its dividend at least once in the last 10 years, and its earnings per share have shrunk at approximately 4.0% per annum in the last five years.
None
growth-positive
Ituran Location and Control Ltd. (NASDAQ:ITRN) Q3 2023 Earnings Call Transcript
Ituran Location and Control Ltd. reported strong Q3 2023 results, with a 12% YoY increase in subscription revenues and a net increase of 48,000 subscribers. The companys aftermarket subscriber base grew by 45,000, while the OEM subscriber base increased by 3,000. Despite the recent war in Israel, Ituran expects the impact on its performance to be minimal. The company also announced an increase in its quarterly dividend from $3 million to $5 million. Iturans operations are primarily in Israel and Brazil, but it also has a presence in many other countries.
CustomersInvestmentManagement ChangesExpand
growth-positive
ITURAN PRESENTS THIRD QUARTER 2023 RESULTS
Ituran Location and Control Ltd. has announced its Q3 2023 financial results, showing strong growth in subscriber numbers and revenues. The company reported a net subscriber growth of 48,000, a 12% year-over-year revenue increase to $81.1 million, and a 24% year-over-year net income growth to $12.5 million. Ituran also declared a dividend of $5 million and bought back shares worth $1.9 million in the quarter. The company expects subscriber growth of between 30,000 and 35,000 in Q4 2023.
Customers
Growth-Positive
/C O R R E C T I O N -- Ituran Location and Control Ltd./
Ituran Location and Control Ltd. has announced that its Board of Directors has approved the distribution of a cash dividend of $0.24 per share, totaling approximately $5 million. The dividend will be paid to shareholders of record as of December 20, 2023, and will be paid out on January 4, 2024. The Board of Directors concluded that the distribution will not undermine the companys ability to continue its current course of business or future plans. The company had retained earnings of $196.3 million as of September 30, 2023, which will reach $191.3 million after the distribution.
Investment
growth-negative
Investors in Ituran Location and Control (NASDAQ:ITRN) have seen favorable returns of 64% over the past three years
Ituran Location and Control Ltd. has seen a 14% fall in share price over the last quarter. However, over the last three years, shareholders have seen pleasing returns with the share price up by 51%. The company became profitable within the last three years, which is generally considered a positive. The total shareholder return (TSR) for the last 3 years was 64%, which exceeds the share price return. The companys TSR for the year was broadly in line with the market average, at 15%.
Neutral
ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2023 RESULTS RELEASE AND CONFERENCE CALL FOR NOVEMBER 27, 2023
Ituran Location and Control Ltd. has announced that it will be releasing its third quarter 2023 results on November 27, 2023. The company will host a conference call on the same day to discuss the results and answer investor questions. Ituran is a leader in the mobility technology field, offering location-based services for the connected-car. The company has a growing subscriber base of over 2 million users and has a market leading position in Israel and Latin America.
Do You Think Ituran Location and Control Ltd. (ITRN) Has an Attractive Price to Value Opportunity?
ITURAN AFFIRMS NO DISRUPTION TO ITS CONTINUED BUSINESS OPERATION IN ISRAEL AND ELSEWHERE
growth-positive
Dividend Analysis: Ituran Location and Control Ltd (ITRN)
Ituran Location and Control Ltd recently announced a dividend of $0.15 per share, payable on 2023-10-11. The company has maintained a consistent dividend payment record since 2004. It currently has a 12-month trailing dividend yield of 1.91% and a 12-month forward dividend yield of 1.94%, suggesting an expectation of increased dividend payments over the next 12 months. However, over the past three years, its annual dividend growth rate was -16.20%. The companys growth rank of 8 out of 10 suggests that the companys growth trajectory is good relative to its competitors.
Investment
growth-positive
Ituran Location and Control Ltd. (NASDAQ:ITRN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Ituran Location and Control Ltd. is set to trade ex-dividend soon, with shareholders needing to purchase shares before the 26th of September to receive the next dividend payment on the 11th of October. The companys next dividend payment will be US$0.15 per share, with a total of US$0.60 distributed to shareholders last year. The companys dividend payments appear sustainable, with a modest 27% of its earnings being paid out and only 26% of its free cash flow used in the past year. However, the companys flat earnings over the past five years and a decline in dividend payments per share over the past 10 years are areas of concern.
Investment
Growth-Positive
With 52% ownership, Ituran Location and Control Ltd. (NASDAQ:ITRN) boasts of strong institutional backing
Institutional investors hold a significant stake in Ituran Location and Control Ltd., with 5 investors owning a majority 54% stake. This group, which includes hedge funds, has a significant influence over the companys share price. The companys largest shareholder is Moked Ituran Ltd., owning 20% of the company. Vulcan Value Partners, LLC and Phoenix Investments & Finances Ltd are the second and third largest shareholders, each holding 10% of the company. The general public holds an 11% stake, while private companies own 20% of the stock. Public companies hold 5.2% of the shares.
Investment
growth-positive
Ituran Location and Control (NASDAQ:ITRN) Is Due To Pay A Dividend Of $0.15
Ituran Location and Control Ltd. has announced a dividend payment of $0.15 per share, resulting in a dividend yield of 2.0%. The companys dividend was comfortably covered by cash flow and earnings. Earnings per share is forecasted to rise by 12.1% over the next year, and the payout ratio is expected to be 23% by next year. However, the company has experienced dividend volatility in the past, with at least one cut in the last 10 years. The companys EPS has been flat over the past five years, limiting its growth prospects. Overall, the dividend looks okay, but caution is advised due to the companys dividend track record.
Customers
growth-positive
Ituran Location and Control's (NASDAQ:ITRN) Dividend Will Be $0.15
Ituran Location and Control Ltd. has announced a dividend payment of $0.15 per share. The companys stock price has increased by 33% in the last 3 months, leading to a decrease in the dividend yield. Ituran Location and Control has been earning enough to cover the dividend, and future earnings per share are forecasted to rise by 12.1%. The companys dividend history has been marked by instability, with at least one cut in the last 10 years. While dividend growth may be hard to achieve, the payout ratio looks good and the company has the ability to continue paying consistent dividends. However, investors should be aware of the companys dividend track record and other warning signs.
Investment
growth-positive
Ituran Location and Control Ltd. (NASDAQ:ITRN) Q2 2023 Earnings Call Transcript
Ituran Location and Control Ltd. reported better-than-expected earnings for Q2 2023. The companys EPS was $0.61, surpassing expectations of $0.53. Ituran experienced strong growth in subscribers, adding a net total of 47,000 subscribers. The companys subscription revenue grew at 13% YoY or 17% in local currencies. Ituran also entered a partnership with Santander Bank in Brazil to expand its presence in the automotive financing market. The company launched a new product focused on stolen vehicle recovery for the motorcycle market in Latin America. Ituran expects the positive trends to continue throughout 2023 and beyond. Revenues for Q2 2023 were $28.6 million, an 11% increase YoY. EBITDA was $21.8 million, a 12% increase YoY. Net income for the quarter was $12.2 million, a 40% increase YoY.
CustomersPartners
Growth-Positive
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND
Ituran Location and Control Ltd. has announced that its Board of Directors has approved the distribution of a cash dividend of $0.15 per share, totaling approximately $3 million. The dividend will be paid to shareholders of record as of September 27, 2023, and will be paid out on October 11, 2023. The decision to distribute the dividend was made after the Board of Directors determined that it would not affect the companys ability to continue its current business operations or future plans.
Investment
growth-positive
ITURAN PRESENTS ITS SECOND QUARTER 2023 RESULTS
Ituran Location and Control Ltd. announced its Q2 2023 financial results, showing a record revenue of $81.6 million, an 11% increase year-over-year. The company also reported a net income of $12.2 million, a 40% increase from the previous year. The strong results were attributed to the accelerated subscriber growth, with a net increase of 47,000 in Q2 2023. The company also mentioned a recent partnership with Santander Bank, indicating growing interest in their telematic services from the car financing sector in Latin America.
CustomersPartnersManagement Changes
Growth-Positive
With EPS Growth And More, Ituran Location and Control (NASDAQ:ITRN) Makes An Interesting Case
The article discusses the growth and profitability of Ituran Location and Control, a company listed on NASDAQ. It mentions that the companys earnings per share have grown by 18% over the past year, and its revenue has increased by 9.0% to US$300m. The CEOs compensation, which is below the median for similar-sized companies, is seen as a positive sign of alignment with shareholders interests. The article suggests that Ituran Location and Control is worth considering for investment, despite some warning signs in its investment analysis.
Investment
Growth-Positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES SECOND QUARTER 2023 RESULTS RELEASE AND CONFERENCE CALL FOR TUESDAY, AUGUST 15, 2023
Ituran Location and Control Ltd. announced that it will release its second quarter 2023 results on August 15, 2023. The company will host a conference call on the same day to review and discuss the results. Ituran is a leader in the mobility technology field, offering location-based services for the connected-car. It has a significant subscriber base of over 2 million users, with a market-leading position in Israel and Latin America. The company was established in 1995 and has approximately 2,700 employees worldwide.
growth-negative
Do Fundamentals Have Any Role To Play In Driving Ituran Location and Control Ltd.'s (NASDAQ:ITRN) Stock Up Recently?
The article discusses Ituran Location and Controls return on equity (ROE) and its impact on earnings growth. It notes that while the company has a high ROE, its net income has declined and its earnings growth is lower compared to the industry average. The article suggests that there may be other factors preventing the companys growth, such as a high payout ratio or poor capital allocation. Ituran Location and Control has also paid dividends consistently, even with little to no earnings growth. The article concludes that while the company has positive aspects, the low earnings growth is concerning, and investors should assess the risks before making a decision.
CustomersInvestment
growth-positive
Investors in Ituran Location and Control (NASDAQ:ITRN) have seen decent returns of 49% over the past three years
Ituran Location and Control Ltd. has experienced a 39% increase in its stock price over the past three years, outperforming the market. The company has achieved compound earnings per share growth of 100% per year, higher than the average annual increase in the share price. Ituran Location and Control has also provided a total shareholder return of 49% in the last three years, largely due to dividend payments. However, the companys TSR of 7.1% over the last twelve months falls short of the market average. Ituran Location and Control is advised to consider other factors, such as risk factors, to better understand its performance.
Public Trading
growth-positive
ITURAN ANNOUNCES PARTNERSHIP WITH SANTANDER WHICH AIMS TO BRING BROAD ACCESS TO CAR FINANCING
Ituran Location and Control Ltd. has formed a partnership with Santander in the automotive market in Brazil. The partnership aims to facilitate credit approval for customers looking to finance a new or used car. It offers benefits such as lower interest rates and telematic services for customers who install a vehicle tracker. The scheme also includes credit insurance to protect the financing. The partnership will enable more people to have access to credit for automotive financing. Iturans technology will provide vehicle recovery services and real-time visualization of the vehicles location for Santanders customers. The credit insurance is managed by Zurich Santander. Ituran is a leader in mobility technology and provides location-based services for the connected car.
CustomersPartners
growth-positive
Ituran Location and Control (NASDAQ:ITRN) Is Increasing Its Dividend To $0.15
Ituran Location and Control Ltd. is increasing its periodic dividend on July 12th to $0.15, a 7.1% increase from last years $0.14. This brings the annual payment to 2.4% of the current stock price, which is below the industry average. The companys earnings easily cover the dividend, indicating that most of the businesss earnings are being used for growth. Over the next year, EPS is forecasted to expand by 14.4%. The companys dividend history has been unstable, with at least one cut in the last 10 years. However, the companys EPS has been flat over the past five years, which could limit future dividend increases.
Investment
growth-negative
A Look At The Intrinsic Value Of Ituran Location and Control Ltd. (NASDAQ:ITRN)
The article discusses the valuation of Ituran Location and Control using the Discounted Cash Flow (DCF) model. It analyzes the companys future cash flows and discounts them to determine its intrinsic value. The DCF model suggests that the company is trading close to its fair value. However, the article highlights that the valuation is based on certain assumptions and may not consider industry cyclicality or future capital requirements. It advises investors to consider other factors and not rely solely on the DCF model. The article also mentions that Ituran Location and Control has shown warning signs in its investment analysis. Overall, the impact of the article on the company is growth-negative as it raises questions about the accuracy of its valuation.
Investment
growth-positive
ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND
Ituran Location and Control Ltd. has announced the distribution of a cash dividend in the amount of $0.15 per share, totaling approximately US$3 million. The dividend will be paid to shareholders of record as of June 28, 2023. The companys retained earnings as of March 31, 2023, prior to the distribution, were US$177.5 million and will reach US$174.5 million after the distribution. Ituran also had a cash balance of US$33.3 million as of March 31, 2023. The company offers location-based services and is a leader in the emerging mobility technology field.
Investment
growth-positive
ITURAN PRESENTS ITS FIRST QUARTER 2023 RESULTS
Ituran Location and Control Ltd. has announced its Q1 2023 financial results, highlighting a net subscriber growth of 49,000, revenues of $79.5 million (a 10% YoY increase), and a net income of $11.4 million (a 30% YoY increase). The company also declared a dividend of $3 million and continued its share buy-back program. Iturans Co-CEO, Eyal Sheratzky, attributed the companys success to the introduction of new products and services that cater to customer mobility needs. The company is optimistic about future growth, particularly in Latin America.
Customers
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES FIRST QUARTER 2023 RESULTS RELEASE AND CONFERENCE CALL FOR WEDNESDAY, MAY 24, 2023
Ituran Location and Control Ltd. announced that it will be releasing its first quarter 2023 results. The company will be hosting a conference call to review and discuss the results. Ituran is a leader in the emerging mobility technology field, providing location-based services and a full suite of services for connected cars. The company has a growing subscriber base of over 2 million subscribers and a market-leading position in Israel and Latin America. Ituran is also the founder of the DRIVE startup incubator. The conference call is scheduled for May 24, 2023.
Public Trading
7 Tech Stocks to Buy Priced Near Their 52-Week Lows
Ituran Location and Control Ltd. (NASDAQ:ITRN) is favoured by institutional owners who hold 57% of the company
When Should You Buy Ituran Location and Control Ltd. (NASDAQ:ITRN)?
Ituran Location and Control (NASDAQ:ITRN) Has Affirmed Its Dividend Of $0.14
growth-positive
ITURAN PRESENTS RECORD SUBSCRIBER GROWTH, RECORD REVENUE & RECORD EBITDA IN ITS FULL YEAR 2022 RESULTS
Ituran Location and Control Ltd. has announced its consolidated financial results for Q4 and the full year of 2022. The company added a record 185,000 subscribers over the year, reaching a total of 2,066,000 by year-end. It also reported record revenue of $293.1 million, an 8% increase YoY, and a net income of $37.1 million, also an 8% increase YoY. For Q4, the company reported a net subscriber growth of 46,000 and revenues of $74.9 million, a 7% increase YoY. The company expects its recent strong subscriber growth to contribute to accelerated growth in 2023.
Customers
Should You Be Adding Ituran Location and Control (NASDAQ:ITRN) To Your Watchlist Today?
growth-positive
ITURAN LOCATION AND CONTROL LTD. SCHEDULES FOURTH QUARTER & FULL YEAR 2022 RESULTS RELEASE AND CONFERENCE CALL FOR TUESDAY, FEBRUARY 28, 2023
Ituran Location and Control Ltd. announced that it will be releasing its fourth quarter and full year 2022 results. The company will be hosting a conference call to review and discuss the results. Ituran is a leader in the emerging mobility technology field, providing location-based services and a full suite of services for connected cars. The company has a growing subscriber base and a market-leading position in Israel and Latin America. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator. The companys earnings announcement suggests positive growth.
Public Trading
Growth-Negative
Declining Stock and Decent Financials: Is The Market Wrong About Ituran Location and Control Ltd. (NASDAQ:ITRN)?
Ituran Location and Controls stock has seen a decline of 4.9% over the past three months. Despite this, the companys financials appear respectable, with a return on equity (ROE) of 27%. However, the companys five-year net income has declined by 15%, raising questions about why the high ROE did not translate into earnings growth. Possible reasons could include low earnings retention or poor allocation of capital. While the companys earnings have been shrinking, the industry has seen an earnings growth of 22% in the same period. Despite this, analysts expect the companys earnings to grow in the future.
None
Implied Volatility Surging for Ituran Location and Control (ITRN) Stock Options
7 Must-Buy Tech Stocks for Your January Buy List
Ituran Location and Control Ltd. (NASDAQ:ITRN) Q3 2022 Earnings Call Transcript
The past five years for Ituran Location and Control (NASDAQ:ITRN) investors has not been profitable
Ituran Location and Control's (NASDAQ:ITRN) Dividend Will Be $0.14
growth-positive
Ituran announces partnership agreement with Tokio Marine Insurance
Ituran Brazil, a subsidiary of Ituran Location and Control Ltd., has signed a strategic partnership agreement with Tokio Marine Insurance. The agreement includes the provision of telematics hardware, installation, and ongoing monthly fees. Ituran will provide operator services and stolen vehicle recovery services. Tokio Marine Insurance is the 4th largest insurance company in the Brazilian auto insurance market. Iturans advanced AI technology and analysis capabilities are expected to provide cost savings and reduced claims for Tokio Marine Insurance. The partnership is expected to increase Iturans install base by several thousand vehicles annually and support future growth in the Brazilian market.
Partners
growth-positive
Ituran Location and Control Ltd Announces Distribution of a Dividend
Ituran Location and Control Ltd. has announced the distribution of a cash dividend in the amount of $0.48 per share, totaling approximately US$10 million. The dividend will be paid to shareholders of record as of March 23, 2021. The companys retained earnings as of December 31, 2020, prior to the distribution, were US$127.7 million and will reach US$117.7 million after the distribution. Ituran has a cash balance of US$72.2 million, long-term debt of US$34.1 million, and credit from banking institutions of US$20.4 million. The companys current assets (excluding cash and cash equivalents) were US$107.3 million and current liabilities were US$112.7 million.
Investment
growth-positive
Ituran Announces UBI Agreement With Israel's Leading Insurance Company Harel
Ituran Location and Control Ltd. has signed a new agreement with Harel Insurance to provide location-based services for its Usage Based Insurance (UBI) service. Harel Insurance has launched a comprehensive car insurance policy based on a drivers accumulated mileage, with Iturans solution supporting the product. The system will provide real-time accident warnings to assist in the event of an accident, shortening the claims process and reducing costs. Ituran will bear all the insureds costs, and customers are expected to see lower annual insurance premiums based on kilometers traveled. Ituran expects significant market interest and additional launches with other insurance companies in Israel.
Partners
growth-positive
Ituran buys Latin American telematics co for $91.7m
Ituran Location and Control Ltd. has announced the acquisition of a controlling stake in Latin American telematics company Road Track Holding S.L. Ituran will buy an 81.3% stake in Road Track for $91.7 million at a company valuation of $113 million. The acquisition is expected to accelerate Iturans long-term growth and reach, allowing them to penetrate major car manufacturers and expand their service offering into new countries. Road Track is a fast-growing telematics provider in Latin America with major customers including global automotive manufacturers, car dealers, insurance companies, car financing companies, and fleet operators. The acquisition is expected to close in the third quarter of 2018.
Acquisition
growth-positive
Ituran's Early-Stage Mobility Investment Bringg Successfully Completes Investment Round
Ituran Location and Control Ltd. announced that it will realize an additional non-cash capital gain of approximately $2 million from its investment in Bringg, a leading customer-centric delivery logistics platform. Bringg has raised $12 million in an additional funding round from strategic partners including Dr. Shmuel Harlap, Eyal Ofer, and Salesforce Ventures. Ituran holds 25% of Bringg and remains its largest shareholder. Iturans CEO, Eyal Sheratzki, stated that investing in disruptive technologies and solutions is part of their strategy to become a leader in mobility technology. Bringg plans to use the funding to expand its international reach and sales efforts.
Investment
growth-negative
Ituran buys control of ERM for $2.8m
Ituran Location and Control Ltd. has acquired 51% of ERM Electronic Systems Ltd. for $2.8 million. The acquisition has raised concerns from Iturans competitor, Pointer Telocation Systems Ltd., as some of its developments and production pass through ERM, exposing Pointer to the risk of leaks of technology to Ituran. Ituran has stated that there will be no change in ERMs collaboration with Pointer, but Pointer remains concerned about the potential impact on the company.
Partners
Ituran Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 351 |
| Team members | 6 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 15 classification IDs that could be used for matching.
Ituran Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 92/100 |
| Missing | funding rounds, markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 520043811 |
| Crunchbase | ituran |
| Phone | +97236533515 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-07-17T00:00:00.000Z |
| Created | 2014-11-19T00:00:00.000Z |
| Status detail | Public on NASDAQ on Sep, 2005<br> |