Ituran Location Stock Price, News & Analysis

Ituran Location and Control Ltd. (NASDAQ: ITRN) has secured a significant multi-year service agreement with Stellantis in South America. The partnership will provide stolen vehicle recovery and tracking solutions to Stellantis customers across multiple countries in the region. Stellantis, the largest car manufacturer in Latin America, owns brands including Fiat, Jeep, and Peugeot. The agreement has potential for expansion to additional markets and extended service periods.

This strategic partnership aims to enhance vehicle security and connectivity for Stellantis customers while strengthening Ituran's position as a leading telematics provider in South America. The company expects this collaboration to significantly expand its subscriber base in the coming years.

Ituran Location and Control (NASDAQ: ITRN) has scheduled its first quarter 2025 financial results release and conference call for Wednesday, May 28, 2025. The company will host a video conference via Zoom starting at:

• 9:00 AM Eastern Time
• 6:00 AM Pacific Time
• 4:00 PM Israel Time

During the conference call, management will present the quarterly results and answer investor questions. Participants must register through the provided Zoom link to join. After registration, attendees will receive access to the conference call through either the Zoom app or a dial-in telephone number. For those unable to attend live, a replay will be available through the same link and on Ituran's website shortly after the call ends.

Ituran Location and Control (Nasdaq: ITRN), a global leader in vehicle telematics, has announced its participation in the 15th Annual LD Micro Invitational investor conference in New York on April 9-10, 2025.

Mr. Ariad Sommer, CEO of Ituran USA, will deliver a presentation on Thursday, April 10, 2025, from 9:00-9:25am ET in Track 1. The event will showcase prominent small-cap companies in half-hour segments and offer private one-on-one meeting opportunities.

Investors can watch the presentation virtually through a link on Ituran's website. Management will be available for one-on-one meetings throughout the conference day. Interested parties can schedule meetings through LD Micro representatives or by contacting Ituran's investor relations team at ituran@ekgir.com.

Ituran Location and Control (NASDAQ: ITRN) has announced a quarterly cash dividend distribution of $0.50 per share, totaling approximately $10 million. This represents a 25% increase in the quarterly dividend amount under the company's updated dividend policy.

The dividend will be paid on April 3, 2025, to shareholders of record as of March 20, 2025, subject to a 25% tax rate. The company's financial position remains strong with $226.1 million in retained earnings prior to distribution, which will decrease to $216.1 million after the payout. As of December 31, 2024, Ituran maintained a cash balance of $77.4 million, current assets of $119.8 million (excluding cash), and current liabilities of $87.9 million.

Ituran Location and Control (NASDAQ: ITRN) reported strong financial results for Q4 and full year 2024. The company reached 2.409 million subscribers by year-end, adding 157,000 net subscribers during 2024.

Full year 2024 highlights include record revenue of $336.3 million (up 5% YoY), net income of $53.7 million (up 11%), and EBITDA of $91.3 million (up 5%). Q4 2024 showed revenue of $82.9 million (up 7% YoY), net income of $13.8 million (up 15%), and EBITDA of $22.5 million (up 3%).

The company announced two significant updates: increased subscriber growth expectations for 2025 to 180,000-200,000 net adds, and a 25% increase in quarterly dividend policy to $10 million ($0.50 per share). The company maintains a strong financial position with $77.4 million in cash and marketable securities.

Ituran Location and Control (NASDAQ: ITRN) has announced it will release its fourth quarter and full year 2024 results on Wednesday, February 26, 2025. The company will host a video conference call via Zoom at 10am Eastern Time (7am Pacific Time, 5pm Israel time) on the same day. Management will present the results and answer investor questions during the call.

Participants must register through a provided Zoom link to join the conference call, which will be accessible via the Zoom app or telephone dial-in. A replay of the call will be available through the same link and on Ituran's website shortly after the call concludes.

Ituran Location and Control (Nasdaq: ITRN), a global leader in vehicle telematics, has announced its participation in two major investor conferences in New York City this January 2025. Deputy CEO Udi Mizrahi will present at the 27th Annual Needham Growth Conference on Tuesday, January 14 at 11:45am Eastern Time, where management will also be available for virtual one-on-one meetings with investors.

Additionally, Mr. Mizrahi will participate in a panel discussion at the Freedom Capital Markets Israel Opportunities Event on Thursday, January 16, focusing on technology trends and investment themes in the connected car and transportation future. Investors interested in meeting with management during the Needham conference can schedule appointments through Needham representatives or by contacting Ituran's investor relations team at ituran@ekgir.com.