STOCK TITAN

Ituran Location and Control Ltd. - $ITRN STOCK NEWS

Welcome to our dedicated page for Ituran Location and Control Ltd. news (Ticker: $ITRN), a resource for investors and traders seeking the latest updates and insights on Ituran Location and Control Ltd. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ituran Location and Control Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ituran Location and Control Ltd.'s position in the market.

Rhea-AI Summary
Ituran Location and Control Ltd. addresses the impact of the recent terrorist attack and war declaration in Israel, stating that their operations have not been affected and they continue to ensure continuity. Their headquarters are located in a safe environment and most employees can work remotely.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.37%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
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dividends
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Rhea-AI Summary
Ituran Location and Control Ltd. (NASDAQ: ITRN) reported record revenue of $81.6 million in Q2 2023, a YoY increase of 11%. Net subscriber growth was 47,000, with aftermarket growth of 45,000 and OEM growth of 2,000. Net income increased by 40% YoY to $12.2 million. EBITDA increased by 12% YoY to $21.8 million. The company generated $17.5 million in quarterly operating cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
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Rhea-AI Summary
Ituran Location and Control Ltd. (NASDAQ: ITRN) will release its second quarter 2023 results on August 15, 2023. A conference call will be held at 10am ET on the same day for management to discuss the results and answer investor questions. Replay of the call will be available on Ituran's website.
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Rhea-AI Sentiment
End-of-Day
8%
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Rhea-AI Summary
Ituran Location and Control Ltd. (ITRN) has formed a partnership with Santander in the automotive market to facilitate credit approval for customers looking to finance a new or used car. The partnership offers benefits such as lower interest rates, telematic services, and credit insurance for customers who opt to install a vehicle tracker. Ituran's technology will protect Santander's customers' assets and guarantee full loan security for the bank. The partnership is expected to contribute to strong growth in Santander's offering of credit for automotive financing in 2023.
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Rhea-AI Sentiment
End-of-Day
4.57%
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partnership
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Rhea-AI Impact
Rhea-AI Sentiment
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4.17%
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dividends
Rhea-AI Summary
Ituran Location and Control Ltd. (NASDAQ: ITRN) reported net subscriber growth of 49,000 in Q1 2023, contributing to accelerated revenue growth. Revenues increased by 10% YoY to $79.5 million. Net income increased by 30% YoY to $11.4 million. EBITDA increased by 8% YoY to $20.8 million. The company declared a dividend of $3 million and continued its share buy-back program totaling $1.2 million in the quarter.
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Rhea-AI Sentiment
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4.17%
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-0.77%
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1.59%
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
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Ituran Location and Control Ltd.

Nasdaq:ITRN

ITRN Rankings

ITRN Stock Data

535.14M
16.17M
20.72%
67.03%
0.39%
Telephone Apparatus Manufacturing
Manufacturing
Link
United States of America
Azor

About ITRN

Ituran Location and Control Ltd. is an Israeli company that provides stolen vehicle recovery and tracking services, and markets GPS wireless communications products. Ituran is traded on NASDAQ and is included in the TA-100 Index.