Core Insights - Organized crime networks are significantly contributing to the global surge in vehicle theft, with recovery rates for stolen vehicles without specialist tracking remaining between 10-20% [1][2] - Ituran's stolen vehicle recovery (SVR) technology has proven to be highly effective, with recovery rates over four times higher than the global average, achieving around 80% recovery for vehicles equipped with their technology [1][4] Company Performance - Since 2006, Ituran has recovered over 200,000 stolen vehicles valued at more than USD $3 billion globally, with recoveries in 2024 alone totaling approximately USD $300 million, reflecting a sharp increase due to rising global theft rates [2][3] - The company has built a strong reputation for rapid recovery, with average recovery times for vehicles fitted with Ituran technology typically under 60 minutes [4][6] Market Trends - Vehicle thefts have surged dramatically, with increases of 253% in Israel and around 40% in Brazil and Mexico over the past three years, highlighting the growing influence of organized crime [3][6] - In Brazil, more than half of all vehicle thefts occur in São Paulo, while in Mexico, theft incidents are prevalent in cities such as Mexico City and Guadalajara [4][6] Technological Advancements - Ituran's technology allows for the recovery of stolen vehicles without needing to be informed of the theft by the owners, providing a faster and more reliable safety net for drivers and insurers [6] - The company is expanding its recovery services to include motorcycles, addressing the higher frequency of theft incidents in that category compared to passenger vehicles [6] Company Background - Founded in 1995, Ituran has grown to serve over 2.5 million subscribers globally, offering a range of services including stolen vehicle recovery, fleet management, and connected car solutions [5][9] - Ituran is recognized as the largest OEM telematics provider in Latin America and has established a significant presence in over 20 countries [8][9]