BMW Motorrad brings Ituran's advanced telematics technology to motorcyclists in Brazil, significantly enhancing Ituran's total addressable marketAZOUR, Israel, June 12, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, through its Brazilian subsidiary, and BMW Motorrad Brasil, a leader in premium motorcycle sales in Brazil, have launched a strategic partnership to offer telematics services to BMW's customers, offering rider safety, security, and con ...

Ituran Location and Control (ITRN) Q1 2025 Earnings Call May 28, 2025 09:00 AM ET Company Participants Kenny Green - Co-Founder & DirectorEyal Sheratzky - Co- CEO & Member of the boardEli Kamer - Executive VP & CFO Conference Call Participants Sergey Glinyanov - Investment Research AnalystChris Reimer - Analyst Operator Ladies and gentlemen, thank you for standing by. Welcome to the Turan First Quarter twenty twenty five Results Conference Call. All participants are present in listen only mode. Following ma ...

Ituran Location and Control (ITRN) Q1 2025 Earnings Call May 28, 2025 09:00 AM ET Speaker0 Ladies and gentlemen, thank you for standing by. Welcome to the Turan First Quarter twenty twenty five Results Conference Call. All participants are present in listen only mode. Following management's formal presentation, instructions will be given for the question and answer session. You should have all received by now the company's press release. If you have not received it, please contact Ituran's Investor Relation ...

AZOUR, Israel, May 28, 2025 /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 June 18, 2025. The Company will pay the dividend out on July 2, 2025, net of taxes at the rate of 25%. In its decision to approve the distribution of the cash dividend, the Board of Directors examined wheth ...

Surpasses 2.5 million subscriber milestone with 99,000 net adds in the quarter; raises 2025 net subscriber-add forecast to 220,000–240,000;AZOUR, Israel, May 28, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the first quarter 2025.Highlights of the First Quarter of 2025 Added a record 99,000 net subscribers in the quarter. Revenue of $86.5 million, a 2% increase year-over-year. Operating income of $18.7 million, a 10% increase yea ...

AZOUR, Israel, May 27, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, today announced a new service agreement with Stellantis in South America. The contract covers multiple countries in the region and is set for a multi-year period, with the potential for expansion to additional markets and extended service periods. Eyal Sheratzky, co-CEO of Ituran, commented, "We are excited to enter this strategic partnership with Stellantis, bringing our advan ...

Core Insights - Ituran Location and Control Ltd. (NASDAQ: ITRN) is a prominent provider of telematic services and products, operating through two segments: Telematics Services and Telematics Products [1] - The company's main service offerings include stolen vehicle recovery (SVR), fleet management, usage-based insurance (UBI), and other value-added services like personal location [1] Company Overview - Ituran specializes in telematics, which encompasses a range of services aimed at vehicle tracking and management [1] - The company has a strong focus on providing innovative solutions that enhance vehicle security and operational efficiency for its clients [1] Investment Perspective - The Stock Research Platform (SRP) is actively seeking companies with robust balance sheets, sustainable growth trajectories, and attractive valuations that present significant upside potential with limited downside risk [1] - The analysis emphasizes the importance of conducting personal due diligence in investment decisions, as individual investment goals and risk tolerances vary [1]

Company Overview - Ituran Location and Control Ltd. is a leader in mobility technology, providing location-based services including stolen vehicle recovery and fleet management [4] - The company has a significant market presence in Israel and Latin America, with approximately 2.5 million subscribers [5] - Ituran was established in 1995 and employs around 2,800 people globally, with offices in multiple countries [5] Upcoming Events - Ituran will release its first quarter 2025 results on May 28, 2025, followed by a video conference call at 9am Eastern Time [1] - The call will be accessible via Zoom, and registration is required to participate [2] - A replay of the call will be available shortly after its conclusion [3]

Revenue Generation and Market Dynamics - The company relies on relationships with insurance companies and car manufacturers for revenue generation from its stolen vehicle recovery (SVR) services and telematics products, which are critical for growth potential [33]. - Changes in insurance company practices could adversely affect revenues, as they currently mandate or incentivize the use of SVR services for certain vehicle owners [34]. - A reduction in vehicle theft rates may lead to decreased demand for SVR services and telematics products, impacting overall revenue [39]. - Declines in new car sales in the markets could reduce the addressable market for SVR services and telematics products, negatively affecting demand [40]. - Global and local economic downturns could adversely affect consumer spending in the automobile industry, impacting the company's future revenue and earnings [80]. - The company generated total revenues of $336.3 million in 2024, compared to $320 million in 2023, indicating an overall growth of 5.4% [174]. - Revenues in the telematics services segment rose by $8.0 million from $234.5 million in 2023 to $242.5 million in 2024, or 3.4%, driven by an increase in average annual subscribers from 2,186,000 to 2,350,000 [211]. - Revenues in the telematics products segment increased from $85.4 million in 2023 to $93.8 million in 2024, or 9.7%, primarily due to higher unit sales [212]. Competition and Technological Challenges - The company faces significant competition in the telematics market, which could adversely affect its operational results if it fails to compete effectively [41]. - The rapid technological changes and the introduction of new competitive products may render the company's offerings less competitive, potentially leading to revenue declines [42]. - The effectiveness of telematics products is contingent on local law enforcement's ability to recover stolen vehicles, which can impact customer perception and revenue [43]. - The company competes on technology edge, functionality, and service availability across various markets [116]. Operational Risks and Challenges - The company outsources manufacturing to third parties, which poses risks related to timely product delivery and cost-effectiveness, potentially impacting revenues and profit margins [49]. - Expansion into new markets presents risks such as longer payment cycles and difficulties in enforcing agreements, which may impede revenue generation and growth strategy [54]. - The company relies on specific licenses and approvals from governmental authorities for operations, and any loss of these could significantly increase costs and reduce revenues [46]. - The company relies on GPS/GPRS technology, and any loss or increased costs associated with this technology could negatively impact future revenues and growth [55]. - A major cybersecurity breach could harm operations, potentially leading to data corruption and financial losses, which may not be covered by current insurance policies [56][57]. - Labor disputes in Brazil and Argentina could result in strikes, delaying revenue generation in those markets [58]. - The company has faced semiconductor shortages, leading to inventory orders placed 12 months in advance, which may increase product costs if shortages persist [59]. - Inflation and rising interest rates in key operating territories have caused additional financing and operational costs, potentially impacting results [60]. Market Presence and Subscriber Base - In 2024, 72% of the company's revenues were attributable to telematics services, with approximately 930,000 subscribers in Israel, 725,000 in Brazil, and 754,000 in other countries [89]. - The company provides fleet management services to approximately 474,000 end-users through corporate customers and 26,000 distributors as of December 31, 2024 [91]. - The company has installed 98 base sites in Israel, 124 in Sao Paulo, and 7 in Buenos Aires, but many operate without local building permits, which could affect network coverage [61][62]. - As of December 31, 2024, the company served approximately 474,000 corporate customers and individuals in the fleet management market [111]. - In 2024, the total subscriber base for telematics services reached 2,409,000, an increase of 7% from 2,252,000 in 2023 [173]. Financial Performance and Investments - The company had capital expenditures of $13.6 million in 2024, down from $14.2 million in 2023 and $26.5 million in 2022, primarily financed by cash flows from operations [86]. - Operating income rose from $66.0 million in 2023 to $71.2 million in 2024, reflecting a 7.9% increase [219]. - General and administrative expenses decreased from $56.6 million in 2023 to $56.2 million in 2024, or 1% [218]. - Financing income, net, improved to $0.1 million in 2024 compared to a net expense of $1.6 million in 2023 [222]. - Income tax expenses increased from $13.4 million in 2023 to $14.6 million in 2024, or 9.2% [224]. Regulatory and Compliance Issues - The company is considered a monopoly under Israeli law, which imposes restrictions that may hinder business growth [69]. - Changes in Israel's judicial system may deter foreign investment and lead to increased currency fluctuations and interest rates, adversely affecting business operations [68]. - The company is not in compliance with all relevant laws regarding the erection of transmission antennas in Israel and Brazil, which may lead to potential sanctions [148]. Corporate Governance and Ethical Practices - The company has a zero-tolerance policy for corruption and promotes ethical practices and corporate governance [135]. - The company has implemented a "Whistle Blower" procedure to prevent illegal activities and protect its reputation [135]. - The company aims to reduce accessibility gaps in professional services globally, focusing on fair social and economic opportunities [136]. - The company has adopted an environmental policy aimed at reducing waste and greenhouse gas emissions through product development [139].

Group 1 - The market has declined to levels seen during the COVID-19 pandemic, with tariffs impacting stock performance and almost all stocks experiencing a downturn [1] - Ituran Location and Control, a telematics company based in Tel Aviv, Israel, presents a potential investment opportunity amidst the market challenges [1] - Henriot Capital operates on a quant-driven investment model, emphasizing a disciplined approach to hedge fund management and prioritizing data-driven decisions over human bias [1] Group 2 - The investment strategy of Henriot Capital is characterized by the motto "invest first, investigate later," indicating a focus on immediate data-driven stock selection followed by subsequent research [1]