Ituran Location and Control Ltd
NASDAQ:ITRN
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Ituran Location and Control Ltd
Ituran Location & Control Ltd. engages in the provision of stolen vehicle recovery, fleet management, and tracking services. The firm also provides wireless communication products used in connection with its location-based services and various other applications. Its operations consist of two segments: location-based services and wireless communications products. Its location-based services segment consists of its SVR and tracking services, fleet management and value-added services consisted of personal locater services and concierge services. Its wireless communications products segment consists of short and medium range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location (AVL) and automatic vehicle identification. The company primarily provides its services, as well as sells and leases its products in Israel, Brazil, Argentina and the United States.
Ituran Location & Control Ltd. engages in the provision of stolen vehicle recovery, fleet management, and tracking services. The firm also provides wireless communication products used in connection with its location-based services and various other applications. Its operations consist of two segments: location-based services and wireless communications products. Its location-based services segment consists of its SVR and tracking services, fleet management and value-added services consisted of personal locater services and concierge services. Its wireless communications products segment consists of short and medium range two-way machine-to-machine wireless communications products that are used for various applications, including automatic vehicle location (AVL) and automatic vehicle identification. The company primarily provides its services, as well as sells and leases its products in Israel, Brazil, Argentina and the United States.
Strong Revenue Growth: Ituran reported third quarter revenue of $92.3 million, up 11% year-over-year, and beat market expectations.
Subscriber Momentum: The company added 40,000 net subscribers in the quarter and is on track to add between 220,000 and 240,000 in 2025, its strongest year ever.
EPS Beat: Diluted earnings per share reached $0.74, up from $0.69 last year, also above expectations.
Cash Generation: Operating cash flow was $21.3 million for the quarter, supporting continued buybacks and a quarterly dividend of $10 million.
U.S. Market Expansion: Ituran launched its smart mobility platform in the U.S., targeting small and medium car rental companies, with positive early pilot feedback.
Motorcycle Opportunity: The company is seeing strong traction in Latin America's motorcycle market, especially through a partnership with BMW in Brazil.
Margin Outlook: Management expects margin expansion to continue as subscriber base grows, despite recent OpEx increases driven mainly by foreign exchange effects.
Market Focus: Latin America and the U.S. remain priority regions; future expansion in other geographies will likely rely on M&A.
