Ituran Location and Control (ITRN) remains a Buy, supported by record Q1 2026 results and robust recurring revenue growth. ITRN's subscriber base grew by 40,000 in the quarter, with OEM partnerships and new initiatives like IturanMob and Big Data analytics driving expansion. Margins and cash flow remain strong, enabling consistent dividends and share buybacks, with $108 million in net cash and a $10 million quarterly dividend.
Ituran Location and Control Ltd. (ITRN) Q1 2026 Earnings Call Transcript
Ituran Location and Control NASDAQ: ITRN reported a record first quarter of 2026, with revenue surpassing $100 million for the first time as subscription growth and continued subscriber additions supported double-digit gains in profitability.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Point72 Asset Management LP Point72 Asset Management LP | 21,483 | $870,593.25 | $1.18M | $307,366.9 | 35.31% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 40,845 | $2M | $2.24M | $234,861.42 | 11.72% |
| CAL CSM Advisors LLC CSM Advisors LLC | 78,305 | $2.95M | $4.3M | $1.35M | 45.89% |
| YL Yosef Levy Y.D. More Investments Ltd. | 891,274 | $27.95M | $49.02M | $21.07M | 75.39% |
Joseph Castro Nuveen LLC | 237,752 | $10.94M | $13.08M | $2.14M | 19.57% |
| Communications Equipment Industry | Information Technology Sector | Nir Sheratzky CEO | NASDAQ (NGS) Exchange | M6158M104 CUSIP |
| IL Country | 2,917 Employees | 24 Jun 2026 Last Dividend | 22 Sep 2005 Last Split | 28 Sep 2005 IPO Date |
Ituran Location and Control Ltd., a company incorporated in 1994 and headquartered in Azor, Israel, specializes in location-based telematics services and machine-to-machine telematics products. The company operates through two main segments: Telematics Services and Telematics Products. These segments collectively provide a comprehensive range of services and products tailored for vehicle tracking and management, ensuring assets' safety and optimizing operational efficiency for both individual and corporate clients. Ituran serves a varied clientele including insurance companies, car manufacturers, dealers, cooperative sales channels, and private subscribers, offering solutions that blend advanced technology with practical, real-world applications.
Ituran Location and Control Ltd. provides a diverse array of telematics services and products, designed to meet the varied needs of its customers:
On the telematics products side, Ituran offers: