ITRN

This article first appeared on GuruFocus. Revenue: Record $104.8 million, a 21% increase year over year. Subscription Revenue: $79.8 million, up 25% year over year, representing 76% of total revenues. Product Revenue: $25 million, an 8% increase year over year. EBITDA: $28.5 million, or 27.2% of revenues, up 24% from $22.9 million in the prior year. Net Income: $17.3 million, or 16.5% of revenues, up 29% from $13.5 million in the prior year. Diluted Earnings Per Share: $0.88, compared to $0.68 in the second quarter of last year. Cash Flow from Operations: $32.2 million, the highest-ever quarterly figure. Subscriber Base: 2,711,000 at the end of June 2026, with 41,000 net new subscribers added during the quarter. Geographic Revenue Breakdown: Israel 56%, Brazil 22%, rest of world 22%. Dividend: Declared $10 million for the quarter, or $0.50 per share. Share Buyback: $3 million in shares purchased during the quarter, with $10 million remaining authorization. Warning! GuruFocus has detected 5 Warning Signs with BSP:LPSB3. Is ITRN fairly valued? Test your thesis with our free DCF calculator. Release Date: August 12, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record revenue of $104.8 million, up 21% year-over-year, with strong growth across all income statement lines. Recurring subscription revenue grew 25% to $80 million, representing 76% of total revenues, providing a stable revenue base. Added 41,000 net new subscribers, bringing total subscriber base to 2.711 million, in line with expected run rate. Record cash flow from operations of $32.2 million, reflecting strong profitability and a robust balance sheet with no debt. Continued shareholder returns with a $10 million dividend ($0.50 per share) and $3 million in share buybacks. OEM relationships, including the new Connect Fiat program with Stellantis, are ramping up and driving growth in South America. Growth initiatives like IturanMob and Credit Carbon are expanding addressable markets, with big data discussions progressing. EBITDA increased 24% to $28.5 million, with margins expanding to 27.2% from 26.4%. Net income rose 29% to $17.3 million, with diluted EPS up to $0.88 from $0.68. Motorcycle OEM deals with Yamaha and BMW in Brazil are ramping up impressively, contributing to subscriber growth. Finance expenses of $1.3 million were incurred due to the strengthening of the Israeli shekel against the US dollar, impacting net income. IturanMob in the US is still in early stages with low revenue contribution, and management expects no material impact until 2027 or later. Big data deals are still nascent, with only a small initial agreement with the Israeli Ministry of Transportation; larger deals are not yet closed. UBI (usage-based insurance) growth is limited to Israel and Argentina, with low ARPU and slow adoption in other geographies. The company faces currency fluctuation risks, as evidenced by the FX impact on EBIT of approximately $1 million in the quarter. Product revenue growth of 8% lagged subscription growth, indicating a slower pace in hardware sales. Net cash decreased to $103.7 million from $107.6 million at year-end 2025, partly due to dividend and buyback payments. Management remains cautious on spending for IturanMob, indicating uncertainty about its near-term success. The big data opportunity is still in early discussions, with no guarantee of closing larger deals in the near term. Geographic concentration remains high, with Israel contributing 56% of revenues, exposing the company to regional risks. Q: Can you provide details on the initial big data agreement with the Israeli Ministry of Transportation, including its conclusion and how it will impact the income statement? A: Eyal Sheratzky, Co-CEO, confirmed the deal was concluded in Q1 and, while not very large (a few million shekels), it involved selling historical data to a specific ministry division. The data will be used to analyze truck accident locations to determine optimal sites for new rest areas, a project aimed at preventing accidents and driver fatigue. This marks the first step in what the company expects to be a series of larger, more valuable deals with government and public transportation agencies. Q: Is the pipeline for big data opportunities primarily in Israel, or are you seeing international interest as well? A: Eyal Sheratzky, Co-CEO, explained that the strategy is to start in Israel due to the high density of Ituran's data (about 1 million subscribers out of 3 million cars), which builds confidence and allows for the creation of specific use cases. After establishing a substantial market in Israel, the plan is to expand this offering to other key geographies, with Brazil and Mexico being the most likely next targets, leveraging their existing subscriber bases there. Q: Were there any noteworthy foreign exchange (FX) impacts on the quarter's results? A: Eli Kamer, CFO, stated that the FX impact was almost the same as the last quarter, with an approximate $1 million effect on EBIT. Q: How is the IturanMob car rental solution progressing in the US market? A: Eyal Sheratzky, Co-CEO, noted that market interest is growing, but the company is intentionally operating at a low intensity to build confidence before scaling up sales and marketing budgets. While the number of pilots and customers is increasing, the revenue contribution is still minimal. He reiterated that this is a mid-term project that is not expected to contribute substantially in 2026 or 2027, but the company will provide updates once it reaches more material numbers. Q: What are the current trends for Ituran in the motorcycle market and the UBI (Usage-Based Insurance) segment? A: Eyal Sheratzky, Co-CEO, stated that the motorcycle business, driven by OEM deals with Yamaha and BMW in Brazil, is ramping up impressively and starting to contribute to subscriber growth. They are in discussions to expand these programs. For UBI, the focus remains on the Israeli market, where it is growing but has a low ARPU and is typically for second cars or young drivers. Expansion to other geographies has been limited, with only Argentina showing smaller numbers. Q: Could the big data project be used to accumulate data for the UBI segment as well? A: Eyal Sheratzky, Co-CEO, confirmed this is absolutely a goal. While current UBI relies on personal data, Ituran is in discussions with insurance companies to leverage its big data for pricing new and existing policies based on driving habits and locations. He noted that the insurance industry is traditional and changes slowly, but this is expected to be the next phase after closing deals with governmental authorities, with insurance companies and car dealers being the next target customers. Q: Can you provide a summary of the record financial results for the second quarter of 2026? A: Eli Kamer, CFO, reported record revenues of $104.8 million, a 21% increase year-over-year. Subscription revenues grew 25% to $79.8 million, representing 76% of total revenues. EBITDA increased 24% to $28.5 million (27.2% of revenues), and net income rose 29% to $17.3 million, or $0.88 per diluted share. The company also generated record cash flow from operations of $32.2 million. Q: What was the subscriber growth and geographic revenue breakdown for the quarter? A: Eyal Sheratzky, Co-CEO, and Eli Kamer, CFO, confirmed the company added 41,000 net new subscribers, bringing the total to 2,711,000. The geographic revenue breakdown for the quarter was Israel at 56%, Brazil at 22%, and the rest of the world at 22%. Q: What is the company's capital return policy for the quarter? A: Eli Kamer, CFO, stated that the Board declared a dividend of $10 million, or $0.50 per share, in line with its standard policy. Additionally, the company purchased $3 million in shares under its buyback program, leaving approximately $10 million in remaining authorization. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Ituran Location and Control (ITRN) has drawn fresh attention after reporting second quarter 2026 results, along with a new cash dividend and continued share buybacks. See our latest analysis for Ituran Location and Control. Despite record revenue, higher earnings and fresh capital returns, Ituran Location and Control’s recent momentum has cooled, with the share price down 12.82% over 90 days, while the 1-year total shareholder return of 51.66% highlights much stronger longer term performance. If this kind of mix of income and growth appeals to you, it can be useful to see what else is on the move by scanning 21 top founder-led companies Ituran Location and Control looks like a robust telematics business, backed by rising revenue, earnings and cash returns. After such a strong 1 year share run, is the stock still priced on attractive terms today? The most followed narrative on Ituran Location and Control sees fair value at $73.50 per share compared with the last close of $50.80, which implies a sizable valuation gap built on detailed growth and margin assumptions. Read the complete narrative. Want to see the full playbook behind that $73.50 figure? The narrative leans on steady revenue expansion, firmer margins and a future earnings multiple that has to line up with those cash flow assumptions. Result: Fair Value of $73.50 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, Ituran Location and Control still faces meaningful risks, including currency swings that affect reported results and pressure on margins from lower margin OEM contracts. Find out about the key risks to this Ituran Location and Control narrative. The SWS DCF model takes a stricter view of Ituran Location and Control. On this approach, the stock at $50.80 screens as overvalued relative to an estimated future cash flow value of $38.96. That is a sizeable gap. Which signal do you trust more: the cash flows or the consensus narrative? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Ituran Location and Control for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 52 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. If the mixed messages around Ituran Location and Control leave you unsure, treat that as your cue to move quickly and test the numbers for yourself. You can weigh the upside against the weaker points in the story by checking the 4 key rewards and 1 important warning sign Do not stop with one opportunity. The market moves fast and the best ideas often sit just outside your current watchlist, so keep widening your search today. Target steady compounders by scanning companies that feature resilient cash flows and prudent leverage using the solid balance sheet and fundamentals stocks screener (50 results). Hunt for potential mispricings by reviewing companies that screen as high quality yet marked at lower valuations through the 52 high quality undervalued stocks. Prioritise regular cash returns by checking companies that combine higher yields with staying power via the 12 dividend fortresses. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ITRN. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Image source: The Motley Fool. Wednesday, Aug. 12, 2026 at 9 a.m. ET Chief Executive Officer - Eyal Sheratzky Deputy Chief Executive Officer and Vice President of Finance - Udi Mizrahi Chief Financial Officer - Eli Kamer Investor Relations - Kenny Green Need a quote from a Motley Fool analyst? Email [email protected] Kenny Green: Ladies and gentlemen, thank you for standing by. My name is Kenny Green, and I'm part of the Investor Relations team at Ituran. I would like to welcome all of you to Ituran's results Zoom webinar, and I would like to thank Ituran's management for hosting this conference call. [Operator Instructions] I would like to remind everyone that this conference call is being recorded, and the recording will be available from the link in the earnings press release and on Ituran's website from tomorrow. With me today on the call are Mr. Eyal Sheratzky, CEO; Mr. Udi Mizrahi, Deputy CEO and VP Finance; and Mr. Eli Kamer, CFO of Ituran. Eyal will begin with a summary of the quarter's results, followed by Eli with a summary of the financials. We'll then open the call for the question-and-answer session. You should have all received by now the company's press release. If not, please view it on the company's website. I would like to remind everyone that the safe harbor statement in today's press release also covers the contents of this conference call and the associated presentation. And now Eyal, would you like to begin, please? Eyal Sheratzky: Thank you, Kenny. I'd like to welcome all of you to our second quarter 2026 results call, and thank you for joining us today. We are very pleased to report an excellent second quarter for Ituran with record revenue and profitability with strong growth across every line of our income statement. For the quarter, overall revenue grew 21% year-over-year to a record of $104.8 million. Our recurring subscription revenue grew by 25% to $80 million making up 76% of our total revenues. Beyond that, we grow all of our profit metrics, operating income, EBITDA and net income, all ahead of revenue, allowing the operating leverage built into our business model to shine through. During the quarter, we added 41,000 net new subscribers, bringing our total subscriber base to 2,711,000 at the end of June 2026. This is in line with our expected run rate and shows continued healthy organic growth across our core markets. Our long-term success is growing our global subscriber base constantly is due to our ongoing efforts in offering new products and value-added services to our customer base, while at the same time tapping into new market segments and new regions. Our OEM relationships remain a key growth driver. During the second quarter, we continued to ramp our existing OEM program across South America, including Connect Fiat, our new program with Stellantis launched earlier this year exclusive to the Fiat Strada. We remain in active discussions with additional OEMs that you do not see on this list, while at the same time, looking to expand our existing relationships with Nissan, Renault, General Motors, Yamaha, BMW and others. Growing our OEM roster has been and continue to be the main vector for Ituran long-term growth. Beyond our core subscriber-based telematics business, we continue to advance the growth initiatives I have discussed on previous calls, which we believe can become meaningful long-term contributors to Ituran. These include IturanMob, our car rental solution, which we recently launched in the U.S. market. Credit Carbon, our platform that lets drivers of electric and zero-emission vehicles generate and sell verified carbon savings, connecting them with the companies that need to offset emissions and leveraging our big data capabilities, all of which significantly grow our addressable markets. On the big data side, following the initial agreement we announced last quarter, we're continuing in advanced discussions with a number of potential customers, and we are active on a number of pilot projects. We would hope to be able to announce a further big data agreement with one of these in the near term. Our big data capabilities have significant long-term potential to support governments, transport authorities, commercial centers, OEMs and other customers, enabling them to make better decision based on vast amount of transportation data while creating revenue opportunities that can grow beyond our traditional subscription model. Turan continues to be a strongly cash-generating business, and we generated our highest ever cash flow from operations during the quarter, amounting to $32.2 million, reflecting our continuing strong profitability, ongoing and significant positive cash flow and strong balance sheet, the Board of Directors declared dividend of $10 million for the quarter, which represents $0.50 per share, in line with our standard dividend policy. In addition, $3 million in shares were purchased under our buyback program, which is another return of capital to shareholders to enhance value. We see our ongoing dividends and buyback program as a reward to our shareholders for their loyalty and long-term support of our company. In summary, we are very pleased with our performance in the second quarter. with record revenue and record profitability and continued healthy subscriber additions. At the same time, we continue to look for new revenues to drive further growth across all of our regions. Our expanding OEM programs, our growth engines and opportunities to monetize our big data assets are all examples of this. We remain confident in our ability to deliver continued growth and profitability through 2026 and in our long-term strategy to transform Ituran into a significantly larger company. And with that, I hand over to Eli. Eli, please go ahead. Eli Kamer: Thanks, Eyal. I will provide a short summary of the financial results. You can find the more detailed results in the press release that we issued earlier today. Second quarter revenues were a record $104.8 million, a 21% increase compared with revenues of $86.8 million in the second quarter of last year. Revenues from subscription fees in the quarter were $79.8 million, an increase of 25% year-over-year and represented 76% of total revenues. Product revenues in the quarter were $25 million, an increase of 8% year-over-year. The subscriber base expanded to 2,711,000 by the end of the second quarter, an increase of 41,000 from the end of the previous quarter. The geographic breakdown of revenues in the second quarter was as follows: Israel, 56%; Brazil, 22%; Rest of World, 22%. EBITDA for the quarter was $28.5 million or 27.2% of revenues, an increase of 24% compared with EBITDA of $22.9 million or 26.4% of revenues in the second quarter of last year. Finance expenses in the second quarter were $1.3 million, in line with finance expenses of $1.3 million in the second quarter of last year. The expense this quarter was mainly due to the strengthening of the Israeli shekel against the U.S. dollar, which lowered the value of U.S. dollar-linked deposits held in Israel, resulting in a finance expense on those deposits. Net income for the second quarter was $17.3 million or 16.5% of revenues or diluted earnings per share of $0.88, an increase of 29% compared with $13.5 million or 15.5% of revenues or diluted earnings per share of $0.68 in the second quarter of last year. Cash flow from operations for the second quarter of 2026 was $32.2 million. As of June 30, 2026, the company had net cash, including marketable securities of $103.7 million, which includes no debt. This is compared with net cash, including marketable securities of $107.6 million as of year-end 2025. The Board of Directors declared a dividend of $10 million for the quarter or $0.50 per share. The current dividend takes into account the company's continuing strong profitability, ongoing positive cash flow and a strong balance sheet. During the quarter, $3 million in shares were purchased under the buyback program. The total remaining authorization is about $10 million. Share buybacks will be funded by available cash and will be made in line with SEC Rule 10b-18. And with that, I'd like to open the call for a question-and-answer session. Operator? Eyal Sheratzky: Okay. We'll now open the call for question and after the session we will get back. Kenny Green: On behalf of the management of Ituran, I would like to thank... Eyal Sheratzky: We'll poll for questions. Our first question will be from Derek Greenberg from Maxim. Derek Greenberg: I wanted to start just on the big data opportunity you're pursuing. I was wondering, first, if you could just talk about the engagement you already had with the Ministry of Transportation in Israel. I was wondering if that had concluded, any feedback you had received? And if that's concluded, where that might show up on the income statement? Eyal Sheratzky: This deal transaction was already concluded in the end in Q1, and it was not -- as we said, it was not a very large deal, but still, it was few millions of shekels and it was basically a need of a specific division in this ministry to look for places where trucks in Israel are making specific accidents in order to analyze where is the best place to open a rest areas. In Israel, there is no rest areas for trucks like in the States or in Europe. And this is the next phase they want to do in order to prevent accidents and fatigue of drivers, et cetera. And based on historical data, by the way, because we have different prices for range time data 1-year old data, et cetera. And in that case, we saw data a few years ago for these millions of shekels, and this was the first need. And as I said in my speech, we see more needs of public transportation agents or governmental, which we have discussions. And as I said, we are optimistic that soon we will have -- we're expecting to have more deal or deals, which can be more valuable and more larger deals in different aspects of public transportation, municipality needs, et cetera. Eli Kamer: Okay. Great. And just on the pipeline, I was curious, do you think the majority of opportunities currently are predominantly in Israel? Or are you seeing opportunities internationally as well? Eyal Sheratzky: Currently, we started in Israel. The advantage that we have to start in Israel is that in Israel, the portion of -- or the ratio between the total vehicles on roads with Ituran cars -- I mean, Ituran subscriber base is very high. We have about 1 million subscribers, cars among 3 million. So it means that we have a lot of data when we talk about rows, when we talk about cars, we talk about preferences, et cetera. So it's -- first, it's something which we can create more confidence, and we can really start with a specific agents such as governmental, et cetera. But our goal is after we will create a substantial market in Israel, and we will have some experience of more and more commercial deals to take it out to our next geographies, which is typical should be Brazil and Mexico. But in that case, we will have to focus on our specific customers, which our customer base on those countries will allow us to provide a very accurate data. Just to remind you, if we have about 0.5 million subscribers in Brazil, it represent much lower percentage of the total cars, and they drive in a lower number of places in Brazil. But still, we have a lot to contribute to customers, and we will do it, but we start with Israel. Derek Greenberg: Okay. That makes a lot of sense. That was super helpful. I had one on just FX impacts in the quarter. I was wondering if there was anything noteworthy there. I know last quarter, I think there was like a $1 million benefit from FX. I was wondering if there was anything to call out on that front. Eli Kamer: It's almost the same as the last quarter, meaning almost an effect of $1 million on the EBIT. Derek Greenberg: Okay. Got it. And then lastly, just on [ Eternob ] in the U.S. I was wondering if you could just talk about how that's progressing so far, the discussions you're having and what you're seeing there? Eli Kamer: So from the side of the marketing side, the interest of the market, we see higher and higher traction. On the other hand or the other part is our part to install, to marketing and sales. We're still going in a very low mode in order to get our own confidence before we start spending more money, more budget basically on business development and sales. But compared to last quarter, we have more and more pilots and more and more customers. The numbers in terms of -- I mean, when we monetize it from customers to money, we are still in a very low numbers. So this is the reason why we are not yet provide specific data. We are in the beginning. But as I said, the most important issue is the interest of the market, of the car rentals company, et cetera. We spread now and we expand our capabilities in more and more cities. And as I said at the beginning, this is a midterm project. It's not something that will contribute substantial amount in 2026 and also in 2027. But once we will see that it's ramping up with a more material numbers, of course, we will inform everyone. Eyal Sheratzky: Our next question is going to be from Sergey Glinyanov of Freedom Capital Markets. Sergey Glinyanov: So I'm just wondering how today training on such products and markets like motorcycle market and UBI, how it's trading for Ituran? Eyal Sheratzky: Regarding motorcycles, as you know, Sergey, and as we stated in the past, our main focus in the Brazilian market -- we started with the OEM deals with Yamaha and then [ BMW ]. And this is ramping up very impressive. We see that our customers, Yamaha and BMV are very satisfied with the capabilities with no problems, et cetera. And it's now started to contribute to our growing subscriber base in Brazil. Our next phases will be or already exist is talking and try to expand those names to other names, and we have discussion. Again, I don't have any new deal that I can report, but I hope and believe that we will continue to push and we will get it. And then, of course, you will know. And this is regarding motorcycles. And I really believe that it's start and go and to be a major portion of our growth in subscribers in Brazil. Regarding UBI, we are still focusing in the Israeli market. We see a growth, but it's still something that I have to remind you, the ARPU is low. And second is go to a specific usually segment of the second car at home or young people cars, but it's still growing, but it's not yet something that we succeed to expand it to other geographies, except Argentina, which is a smaller numbers as well. Sergey Glinyanov: Okay. Got it. And maybe you can share your thoughts on could you use your big data project to accumulate the data for using it in UBI segments as well? Eyal Sheratzky: The answer is absolutely yes. Currently, we use the UBI based on personal data. And of course, we have discussions with insurance companies in Israel for showing them there is a lot of usage that they can do, not only based on Ituran subscriber and need to run hardware, but also about the big data that Ituran can provide. And this is something that can give for them a lot of benefits of how they can pricing new and old insurers based on where they live, how they drive, where they drive, et cetera. And they are looking on that. But like it was with the UI, insurance industry is a very, very traditional industry, very traditional ways of taking decision. It's changing, but it's changing slow. But this is what we believe will be the next phase after we will continue to close deals with the governmental authorities and public transportation authorities. And then we have 2, I would say, 2 customers, which is -- which are today traditionally our channels, which is insurance companies and car dealers and car importers to Israel. And this is something that will be the next phase, and we put a lot of efforts on that. Eli Kamer: That looks like the end of the questions. So before I hand back to Eyal, I just want to let everybody know that this conference call will be available from tomorrow on Ituran's website on the Investor Relations side or alternatively, you can get through the Zoom link. And with that, I'd like to hand back to Eyal for the closing statement. Eyal, please go ahead. Eyal Sheratzky: On behalf of the management of Ituran, I would like to thank you, our shareholders, for your continued interest and long-term support of our business. We look forward to continuing our success over the coming years. If you are interested in meeting or speaking with us, please feel free to reach out to our Investor Relations team. And with that, we end our call. Have a good day. Thank you. Before you buy stock in Ituran Location And Control, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ituran Location And Control wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has positions in and recommends Ituran Location And Control. The Motley Fool has a disclosure policy. Ituran (ITRN) Q2 2026 Earnings Call Transcript was originally published by The Motley Fool

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record revenue and profitability driven by 25% growth in recurring subscription revenue, which now constitutes 76% of total turnover. Net subscriber additions of 41,000 were fueled by healthy organic growth in core markets and the continued ramp-up of OEM programs in South America. Strategic focus on OEM relationships remains the primary vector for long-term growth, highlighted by the exclusive Connect Fiat program with Stellantis. Big data capabilities are being leveraged to transition beyond traditional subscription models, providing transportation insights to government and commercial entities. Operating leverage within the business model allowed profit metrics, including EBITDA and net income, to grow at a faster rate than total revenue. The company is utilizing its high cash generation to maintain a consistent capital return strategy through both quarterly dividends and active share buybacks. Management expects to announce additional big data agreements in the near term following successful pilot projects and initial governmental contracts. The IturanMob car rental solution in the U.S. is currently in a low-spend pilot phase to build operational confidence before scaling marketing and sales. Expansion of motorcycle OEM partnerships in Brazil is anticipated to become a major contributor to subscriber growth following success with Yamaha and BMW. Future big data monetization strategies involve targeting insurance companies and car importers to provide advanced risk assessment and behavioral analytics. Management remains confident in the ability to deliver continued growth through 2026 by transforming into a larger, data-centric organization. Finance expenses were impacted by the strengthening of the Israeli shekel against the U.S. dollar, affecting the value of dollar-linked deposits. Foreign exchange fluctuations resulted in an approximately $1 million impact on EBIT during the quarter. The Credit Carbon platform represents a new strategic entry into the ESG market, connecting EV drivers with companies needing emission offsets. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The initial deal was worth a few million shekels and focused on analyzing truck accident data to optimize the placement of rest areas. Management views this as a proof-of-concept for larger, more valuable deals with municipalities and public transportation agencies. Israel serves as the primary testing ground due to Ituran's high market penetration (1 million subscribers out of 3 million total vehicles). The company plans to export these data-driven models to Brazil and Mexico once the commercial framework is fully established in Israel. The project is currently in a 'low mode' to ensure operational readiness, with management describing it as a midterm initiative. Substantial financial contributions are not expected in 2026 or 2027, though market interest from car rental companies is reportedly high. Management intends to use big data to help traditional insurance companies improve pricing accuracy based on driving geography and behavior. Adoption is expected to be gradual due to the traditional and slow-moving nature of the insurance industry.

Record revenue of $104.8 million, up 21%, with subscription revenue up 25% year-over-year; EBITDA up 24% to a record $28.5 million AZOUR, Israel, Aug. 12, 2026 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the second quarter, ended June 30, 2026. Highlights of the Second Quarter of 2026 Added 41,000 net subscribers in the quarter, bringing the total subscriber base to 2,711,000. Record quarterly revenue of $104.8 million, a 21% increase year-over-year. Net income of $17.3 million, a 29% increase year-over-year. EBITDA grew to $28.5 million, a 24% increase year-over-year. Record quarterly cash flow from operations of $32.2 million; The Board declared a quarterly dividend of $10 million, or $0.50 per share. Management Comment Eyal Sheratzky, Co-CEO of Ituran said, "The second quarter was an excellent quarter for Ituran. Revenue reached a record $104.8 million, a 21% increase year-over-year with our recurring subscription revenue growing by 25% year-over-year. Furthermore, our operating income, EBITDA and net income each grew faster than our revenue, demonstrating the operating leverage in our business model." Mr. Sheratzky continued, "Our growth remains broad-based across Israel and Latin America, supported by our OEM partnerships and by newer segments. Alongside the core business, our growth initiatives continue to mature. IturanMob, our car rental solution, has expanded into the United States and was recognized during the quarter with a Global Tech Insider award, our Credit Carbon initiative continues to advance, and our Big Data capabilities are gaining commercial traction. We remain confident in our ability to deliver continued growth and profitability throughout 2026." Second Quarter 2026 Results Revenues for the quarter were a record $104.8 million, a 21% increase compared with $86.8 million in the second quarter of last year. 76% of revenues were from location-based service subscription fees, and 24% were from product revenues. Revenues from subscription fees for the quarter were $79.8 million, an increase of 25% over the second quarter of last year. The subscriber base expanded to 2,711,000 by the end of June 2026, marking a quarterly net increase of 41,000 and a year-over-year increase of 163,000. Subscriber growth in the quarter continued to be driven by organic demand across our core stolen vehicle recovery and telematics businesses in Israel and Latin America, together with the ongoing contribution from our OEM programs. Product revenues for the quarter were $25.0 million, an 8% increase year-over-year. Gross profit for the quarter was $53.4 million (50.9% of revenues), a 24% increase compared with $42.9 million (49.5% of revenues) in the second quarter of last year. Gross margin on subscription revenues improved to 58.8%, compared to 57.9% in Q2 last year. The gross margin on product revenues was 25.7%, compared to 26.0% last year. The variance in the product gross margin between quarters was due to the change in the product mix sold. Operating income for the quarter was $23.8 million (22.7% of revenues), representing a 30% increase compared to $18.3 million (21.1% of revenues) in Q2 last year. EBITDA for the quarter was $28.5 million (27.2% of revenues), up 24% from $22.9 million (26.4% of revenues) in the second quarter of last year. Finance expenses for the quarter were $1.3 million, similar to finance expenses of $1.3 million in the second quarter of last year. The high level of financial expenses in the quarter was primarily due to the strength of the Israeli Shekel against the US Dollar, which lowered the value of US Dollar linked deposits held in Israel. Net income for the second quarter of 2026 was $17.3 million (16.5% of revenues), or diluted earnings per share of $0.88, an increase of 29% compared to $13.5 million (15.5% of revenues), or $0.68 per diluted share, in the second quarter of last year. Cash flow from operations for the quarter was $32.2 million. On the balance sheet, as of June 30, 2026, the Company had net cash, including marketable securities, of $103.7 million, which includes no debt. This is compared with net cash, including marketable securities, of $107.6 million, as of year-end last year. Dividend The Board of Directors declared a dividend of $10 million for the quarter, or $0.50 per share. The current dividend takes into account the Company's continuing strong profitability, ongoing positive cash flow, and strong balance sheet. Buy Back During the quarter $3.0 million in shares were purchased under the Company's share buy-back program. The total remaining authorization is approximately $10 million. Share repurchases will be funded by available cash and will be made in accordance with SEC Rule 10b-18. Conference Call Information The Company will also be hosting a video conference call via the Zoom platform later today, Wednesday, August 12, 2026 at 9am Eastern Time and 4pm Israel Time. On the call, management will review and discuss the results and will be available to answer investor questions. To participate in the Zoom call, please register at the following link: https://us06web.zoom.us/webinar/register/WN_mE4jXN-IS0ufW5K5ZyeaUg For those unable to listen to the live call, a replay of the call will be available from the day after the call in the investor relations section of Ituran's website. Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended. These forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to, but not limited to, changes in global political, economic, business, competitive, market and regulatory factors. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. We disclaim any obligation to update forward-looking statements, even if our assumptions and projections change, except where applicable law may otherwise require us to do so. About Ituran Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management and control services for vehicles, cargo and personal security for the retail, insurance, financing industries and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel Aviv-based DRIVE startup incubator to promote the development of smart mobility technology. Ituran's subscriber base has been growing significantly since the Company's inception to over 2.7 million subscribers using its location-based services with a market-leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada and the United States. For more information, please visit Ituran's website, at: www.ituran.com. Logo: https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg Company ContactUdi [email protected] Deputy CEO & VP Finance, Ituran(Israel) +972 3 557 1348 International Investor Relations Ehud Helft [email protected] EK Global Investor Relations(US) +1 212 378 8040 View original content:https://www.prnewswire.com/news-releases/ituran-presents-second-quarter-2026-results-302849528.html

Interested in Ituran Location and Control Ltd.? Here are five stocks we like better. Record quarterly performance: Second-quarter revenue rose 21% year over year to $104.8 million, while subscription revenue increased 25% to $79.8 million. EBITDA grew 24% to $28.5 million and net income climbed 29% to $17.3 million. Subscriber and cash generation growth: Ituran added 41,000 net subscribers, reaching 2.711 million, and generated a record $32.2 million in operating cash flow. The company ended June with $103.7 million in net cash and no debt, while declaring a $0.50-per-share dividend and repurchasing $3 million of stock. Growth initiatives remain early-stage: OEM programs in South America, particularly with Stellantis, Yamaha and BMW, are supporting expansion, while data monetization and new offerings such as IturanMOB and Credit Carbon provide longer-term opportunities. Management said the U.S. rental-market rollout is still producing limited revenue and is unlikely to contribute materially in 2026 or 2027. Ituran Location and Control LTD, For Your Smallcap Dividend Portfolio Ituran Location and Control (NASDAQ:ITRN) reported record second-quarter revenue and profitability for 2026, driven by growth in recurring subscription revenue, subscriber additions and expanding original equipment manufacturer relationships. Revenue for the quarter rose 21% year over year to $104.8 million, while subscription-fee revenue increased 25% to $79.8 million. Subscription revenue represented 76% of total quarterly revenue, according to CFO Eli Kamer. Product revenue increased 8% from a year earlier to $25 million. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat CEO Eyal Sheratzky said the company added 41,000 net subscribers during the quarter, ending June with 2.711 million subscribers. He characterized the additions as consistent with Ituran’s expected run rate and said the company continues to pursue organic growth in its core markets through new products, value-added services, market segments and regions. EBITDA increased 24% year over year to $28.5 million, equal to 27.2% of revenue, compared with $22.9 million, or 26.4% of revenue, in the prior-year quarter. Net income rose 29% to $17.3 million, or $0.88 per diluted share, from $13.5 million, or $0.68 per diluted share, a year earlier. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Kamer said second-quarter finance expenses totaled $1.3 million, unchanged from the prior-year period. The expense was primarily related to the strengthening of the Israeli shekel against the U.S. dollar, which reduced the value of U.S.-dollar-linked deposits held in Israel. The company generated $32.2 million in cash flow from operations during the quarter, which Sheratzky described as its highest-ever operating cash flow. As of June 30, Ituran had $103.7 million in net cash, including marketable securities, and no debt. That compared with $107.6 million at the end of 2025. → First Solar’s Profit Engine Faces a New Policy Test in Washington Ituran’s board declared a quarterly dividend of $10 million, or $0.50 per share. The company also repurchased $3 million of shares during the period. About $10 million remained under the buyback authorization, with repurchases to be funded by available cash and conducted in line with SEC Rule 10b-18, Kamer said. Sheratzky said OEM relationships remain a central component of Ituran’s long-term growth strategy. During the quarter, the company continued expanding existing South American OEM programs, including Connect Fiat, a program with Stellantis that launched earlier this year for the Fiat Strada. The company is also seeking to broaden existing relationships with Nissan, Renault, General Motors, Yamaha, BMW and other manufacturers, he said. In Brazil, Sheratzky said the company’s motorcycle-related OEM programs with Yamaha and BMW have been ramping up and are beginning to contribute to subscriber growth. “Our main focus in the Brazilian market” for motorcycles is centered on those OEM arrangements, Sheratzky said, adding that the company is discussing potential expansion to additional brands but had no new agreement to announce. Geographically, Israel accounted for 56% of second-quarter revenue, Brazil represented 22%, and the rest of the world accounted for the remaining 22%. Management also highlighted several longer-term initiatives beyond the company’s traditional subscription telematics business. These include IturanMOB, a car-rental solution recently launched in the United States; Credit Carbon, a platform intended to enable electric and zero-emission vehicle drivers to generate and sell verified carbon savings; and the commercialization of the company’s transportation data. Sheratzky said Ituran completed a previously disclosed data transaction with Israel’s Ministry of Transport and Road Safety at the end of the first quarter. The transaction involved several million Israeli shekels and provided historical data to help identify locations where truck rest areas could be developed to address driver fatigue and accidents. He said the company is in advanced discussions with additional potential data customers and is conducting several pilot projects. Ituran expects that its early big-data opportunities will be concentrated in Israel, where it has roughly 1 million subscribers among approximately 3 million vehicles, giving it a comparatively large data set for transportation analysis. Over time, the company aims to expand such efforts to Brazil and Mexico, Sheratzky said. Potential uses include supporting government agencies, transport authorities, municipalities, commercial centers, OEMs and insurers with data related to transportation patterns and driving behavior. In the usage-based insurance segment, Sheratzky said Ituran is currently focused primarily on Israel, with smaller activity in Argentina. He said the segment is growing but has relatively low average revenue per user and remains concentrated in specific customer groups, such as younger drivers and households’ second vehicles. Regarding IturanMOB, Sheratzky said market interest from car-rental companies has increased, along with the number of pilots and customers. However, the business remains at an early stage and is producing low revenue levels as the company expands its capabilities into more U.S. cities. Management said it is taking a measured approach to sales and business-development spending while gaining confidence in the offering. Sheratzky said the initiative is not expected to make a substantial contribution in 2026 or 2027, but the company plans to provide updates if it begins to scale to more material levels. Looking ahead, Sheratzky said Ituran remains confident in its ability to continue growing revenue and profitability through 2026, supported by subscription growth, OEM programs, newer business lines and opportunities to monetize its data assets. Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics. Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Ituran Location and Control Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

AZOUR, Israel, Aug. 12, 2026 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.50 per share, totaling approximately US$10 million. The dividend will be paid to shareholders of record as of September 29, 2026. The Company will pay the dividend out on October 14, 2026, net of taxes at the rate of 20% (a lower rate than standard) as the dividend is distributed from "Preferred Income" and/or "Preferred Technological Income", as defined under the Encouragement of Capital Investment Law and the provisions of a tax ruling (the "Ruling") received from the Israel Tax Authority (the "ITA") with respect to the tax withholding rate upon dividend distribution. In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law. The Board of Directors concluded that the above-mentioned distribution will not undermine the Company's ability to keep performing in its current course of business or future plans, and is able to meet its undertakings when due. Retained earnings as of June 30, 2026, prior to the distribution were US$ 238.7 million and retained earnings will reach US$ 228.7 million after the distribution. The Board of Directors emphasized that as of June 30, 2026, the Company had a cash balance in hand of US$ 103.7 million (this amount is prior to the payment of a dividend of approximately US$10 million which was declared for the first quarter 2026 and was paid out in July 2026). The Company had no outstanding credit from banking institutions. As of June 30, 2026, the Company's current assets (excluding cash and cash equivalents) were in the sum of US$144.5 million and current liabilities were in the sum of US$ 122.4 million. About Ituran Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance industry and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology. Ituran's subscriber base has been growing significantly since the Company's inception to over 2.7 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada and the United States. For more information, please visit Ituran's website, at: www.ituran.com Company ContactUdi [email protected] Deputy CEO &VP Finance, Ituran(Israel) +972 3 557 1348 International Investor RelationsEhud [email protected] Global Investor Relations(US) +1 212 378 8040 View original content to download multimedia:https://www.prnewswire.com/news-releases/ituran-location-and-control-ltd-announces-dividend-distribution-of-10-million-for-the-second-quarter-of-2026-302849536.html

Conference Call Scheduled at 9am Eastern Time AZOUR, Israel, July 20, 2026 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its second quarter 2026 results on Wednesday, August 12, 2026. The Company will be hosting a video conference call later that day via Zoom, starting at 9am Eastern Time, 6am Pacific Time and 4pm Israel time. On the call, management will review and present the results and will be available to answer investor questions. To participate in the Zoom call, please register at the following link: https://us06web.zoom.us/webinar/register/WN_mE4jXN-IS0ufW5K5ZyeaUg https://us06web.zoom.us/webinar/register/WN_FseStmWFR6SpOakhbm71ow Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number. If you have an issue with registration, please contact the Ituran investor relations team, well in advance of the call. For those unable to participate, the call will be available for replay through the same link, or from a link to the recording on Ituran's website, beginning within a few hours following the end of the call. About Ituran Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance, financing industries and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology. Ituran's subscriber base has been growing significantly since the Company's inception to over 2.6 million subscribers using its location-based services with a market-leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada and the United States. For more information, please visit Ituran's website, at: www.ituran.com Company Contact Udi MizrahiDeputy CEO and VP Finance, [email protected] (Israel) +972 3 557 1348 International Investor Relations Ehud HelftEK Global Investor [email protected] (US) +1 212 378 8040 Logo - https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg View original content:https://www.prnewswire.com/news-releases/ituran-location-and-control-ltd-schedules-second-quarter-2026-results-release-and-conference-call-for-august-12-2026-302829459.html

Interested in Ituran Location and Control Ltd.? Here are five stocks we like better. Ituran posted a record Q1 2026 with revenue of $102.7 million, up 19% year over year, as subscription revenue climbed 21% to $75.4 million. Operating income, EBITDA, and net income all increased by double digits. The company continued to grow its subscriber base, adding 40,000 net subscribers to reach 2.67 million, and reiterated its full-year target of 160,000 to 180,000 net additions. Management said growth was steady across core markets and supported by a currency tailwind in the quarter. Profitability and shareholder returns remained strong, with EBITDA of $26.7 million, net income of $16.8 million, and operating cash flow of $18.2 million. Ituran also declared a $10 million quarterly dividend and continued share repurchases, while highlighting OEM partnerships and new data-related initiatives as future growth drivers. Ituran Location and Control LTD, For Your Smallcap Dividend Portfolio 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. Chief Executive Officer Eyal Sheratzky said on the earnings call that the company was “very pleased” with the start to the year, citing total revenue of $102.7 million, up 19% from a year earlier. Subscription revenue rose 21% year over year to $75.4 million, while product revenue increased 12% to $27.3 million. → Voya Financial Grows Earnings Across All 3 Business Segments “For the quarter, overall revenue grew 19% year-over-year to $102.7 million, a record, with subscription revenue growth of 21% to $75.4 million,” Sheratzky said. He added that operating income, EBITDA and net income all grew by double digits from the prior-year period. Ituran added 40,000 net subscribers during the quarter, ending March 2026 with 2.67 million subscribers. Sheratzky said the gain was in line with the company’s expected run rate and reflected “continued healthy organic growth across our core markets.” → SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns The company reiterated its expectation to add between 160,000 and 180,000 net subscribers during 2026, though Sheratzky noted that the pace of additions may vary from quarter to quarter. Chief Financial Officer Eli Kamer said subscription fees represented 73% of total revenue in the first quarter. By geography, Israel accounted for 57% of revenue, Brazil for 22% and the rest of the world for 21%. → Ross Stores Earnings Beat Sends Stock To New Highs EBITDA for the quarter was $26.7 million, or 26% of revenue, compared with $23.3 million, or 26.9% of revenue, in the first quarter of 2025. Net income was $16.8 million, or $0.85 per diluted share, up from $14.6 million, or $0.73 per diluted share, a year earlier. Cash flow from operations totaled $18.2 million in the quarter. As of March 31, 2026, Ituran had net cash, including marketable securities, of $108 million, compared with $107.6 million at the end of 2025. The company’s board declared a quarterly dividend of $10 million, or $0.50 per share. Kamer said the dividend reflected Ituran’s “continuing strong profitability, ongoing positive cash flow, and strong balance sheet.” During the quarter, the company also repurchased $0.5 million of shares under its buyback program, leaving approximately $13 million remaining under the authorization. Sheratzky highlighted original equipment manufacturer partnerships as a key long-term growth driver. During the first quarter, Ituran expanded its strategic partnership with Stellantis through the launch of Connect Fiat, a connected vehicle solution exclusive to the Fiat Strada in South America. According to Sheratzky, Connect Fiat is an end-to-end solution from Ituran that includes embedded hardware, connected vehicle services, the technology backend and an end-user mobile application. The program has an initial three-year term with an option to extend for an additional two years. The launch builds on a Stellantis partnership announced in early 2025 and, Sheratzky said, reinforces Ituran’s role as a “complete connectivity partner for global OEMs” in its region. He also said the company remains in active discussions with additional OEMs and cited existing partnerships with Nissan, Renault, General Motors, Yamaha, BMW and others. During the question-and-answer portion of the call, an analyst asked whether the company had new substantial OEM agreements under discussion. Sheratzky said Ituran is “always under discussion” and noted that, looking backward, the company has typically announced one or two new agreements each year. He said the company would report new agreements when they occur. Beyond its core subscriber-based telematics business, Ituran is pursuing several initiatives that management said could become meaningful long-term contributors. Sheratzky cited IturanMob, the company’s car rental solution; Credit Carbon; and big data capabilities. As an example of the data business, Sheratzky said Ituran recently signed an agreement with an entity of Israel’s Ministry of Transportation to provide transportation data intended to help it better understand commuter patterns and support future planning. He said more projects in Israel could mature in coming quarters. In response to an analyst question about the big data initiative, Sheratzky said the effort remains in its early stages but is attracting interest in Israel. He described the model as different from Ituran’s recurring subscriber revenue, saying it is typically a business-to-business arrangement based on data size, information and measurements. Some projects, he said, may involve annual payments over four or five years rather than a subscriber-based model. Sheratzky also discussed IturanMob in response to a question about the U.S. market. He said the solution is still “premature” and that the market for such rental car services is not yet well established. However, he said Ituran aims to become a leader in the U.S. industry and noted that the company recently participated in a large conference for rental companies and rental car services, where it served as both speaker and demonstrator. Asked about the sources of growth in the quarter, Sheratzky said there was no single geography that grew more than usual and no specific area driving results disproportionately. He said subscriber movement can vary by quarter and by average revenue per user, with different geographies contributing at different times. Sheratzky said the first quarter benefited from currency strength in the geographies where Ituran operates, describing it as a tailwind after years in which foreign exchange had been a headwind. However, he emphasized that the company is not relying on currency movements and that operational growth continued as in prior periods. When asked about potential lumpiness in product revenue or pricing increases in the subscriber base, Sheratzky said there was nothing unusual to call out. He said Ituran’s business has high visibility and is not typically subject to many “lumping” situations. Sheratzky closed the call by thanking shareholders for their continued support and said management remains confident in Ituran’s ability to deliver continued growth and profitability throughout 2026. Ituran Location and Control Ltd. is a provider of wireless vehicle tracking and stolen vehicle recovery services. The company leverages a combination of cellular and global positioning system (GPS) technologies to offer real-time monitoring and location-based solutions for private vehicle owners, fleet operators and insurance companies. Its core offerings include subscription-based tracking devices, centralized control centers and software platforms that enable clients to detect unauthorized vehicle use, dispatch recovery teams and manage fleet logistics. Founded in 1994 in Israel, Ituran pioneered the use of wireless communications for security and telematics applications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Ituran Location and Control Q1 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for May 2026.