Ituran Location and Control
ITRNNASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $49.64 Prior regular-session close from the quote source.
- $48.76–$50.46 Regular-session low and high so far today.
- 78.3K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $35.22–$68.30 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own ITRN if its local stolen-vehicle-recovery and fleet-telematics network keeps customers paying recurring fees while OEM telematics fail to commoditize the service.
ITRN price history
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Investment thesis
What must happen next
Vehicle security, stolen-vehicle recovery and fleet-control needs should keep customers paying for monitored location services rather than treating Ituran as a one-time device vendor.StrengtheningMateriality: High
GAAP annual revenue rose from $293.1 million in FY2022 to $359.0 million in FY2025, about a 7% compound annual growth rate. If the recurring-service use case holds, revenue growth can remain profitable; if customers view the product as replaceable hardware, the revenue base becomes far less durable.
Watch: Automakers in Ituran’s core markets make embedded tracking and recovery standard in new vehicles, reducing aftermarket installations.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual revenue rose from $293.1 million in FY2022 to $359.0 million in FY2025, about a 7% compound annual growth.
Open source ↗Ituran’s local monitoring and recovery capability should protect pricing and mix from pure GPS-device commoditization.StrengtheningMateriality: High
GAAP annual gross profit increased from $137.6 million in FY2022 to $178.6 million in FY2025. Gross margin resilience is the evidence that customers pay for service reliability, not just cheaper hardware; a moat crack would turn growth into lower-quality revenue.
Watch: Low-cost GPS hardware and generic mobile apps become accepted by insurers and fleets as adequate substitutes for monitored recovery services.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual gross profit increased from $137.6 million in FY2022 to $178.6 million in FY2025.
Open source ↗The existing monitoring, installation and recovery infrastructure should allow incremental subscribers to be served without proportionate increases in overhead.StrengtheningMateriality: Medium
GAAP annual operating income rose from $58.8 million in FY2022 to $77.0 million in FY2025. Operating leverage is what turns a modest-growth telematics business into an earnings compounder; if defending the network requires heavy spending, equity value creation slows.
Watch: Expansion into new geographies requires duplicative control centers, recovery teams and installation networks before subscriber density is proven.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating income rose from $58.8 million in FY2022 to $77.0 million in FY2025.
Open source ↗Recurring service collections should fund growth and shareholder returns internally, limiting reliance on debt or equity issuance.StrengtheningMateriality: Medium
GAAP annual operating cash flow increased from $45.1 million in FY2022 to $88.6 million in FY2025. Self-funded growth preserves downside protection and lets owners benefit from cash generation rather than financing risk.
Watch: Management pursues a large acquisition that consumes cash or adds leverage without clear subscriber-density benefits.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
GAAP annual operating cash flow increased from $45.1 million in FY2022 to $88.6 million in FY2025.
Open source ↗A growing cash position should give Ituran resilience through auto-cycle, currency and security shocks while preserving the ability to invest in its service network.StrengtheningMateriality: Medium
Cash and cash equivalents rose from $27.9 million at FY2022 year-end to $107.6 million at FY2025 year-end. Balance-sheet strength matters because a vehicle-recovery service must remain reliable during local disruptions; if liquidity is spent or trapped, the business loses flexibility.
Watch: A major acquisition, special dividend or buyback materially reduces liquidity before the durability of subscriber growth is proven.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Cash and cash equivalents rose from $27.9 million at FY2022 year-end to $107.6 million at FY2025 year-end.
Open source ↗
Full investment case & evidence
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Original research
Vehicle security, stolen-vehicle recovery and fleet-control needs should keep customers paying for monitored location services rather than treating Ituran as a one-time device vendor. If the recurring-service use case holds, revenue growth can remain profitable; if customers view the product as replaceable hardware, the revenue base becomes far less durable.
Ituran’s local monitoring and recovery capability should protect pricing and mix from pure GPS-device commoditization. Gross margin resilience is the evidence that customers pay for service reliability, not just cheaper hardware; a moat crack would turn growth into lower-quality revenue.
The existing monitoring, installation and recovery infrastructure should allow incremental subscribers to be served without proportionate increases in overhead. Operating leverage is what turns a modest-growth telematics business into an earnings compounder; if defending the network requires heavy spending, equity value creation slows.
Recurring service collections should fund growth and shareholder returns internally, limiting reliance on debt or equity issuance. Self-funded growth preserves downside protection and lets owners benefit from cash generation rather than financing risk.
A growing cash position should give Ituran resilience through auto-cycle, currency and security shocks while preserving the ability to invest in its service network. Balance-sheet strength matters because a vehicle-recovery service must remain reliable during local disruptions; if liquidity is spent or trapped, the business loses flexibility.
All standing thesis claims
Original report summary
its local stolen-vehicle-recovery and fleet-telematics network keeps customers paying recurring fees while OEM telematics fail to commoditize the service.
Bull case and bear case
Bull case and bear case for Ituran Location & Control
Where the evidence on Ituran Location & Control stands: Strengthening on the latest evidence (Nov 10, 2026). Of its 5 thesis points, 5 strengthening.
Bull case: what the evidence supports
Vehicle security, stolen-vehicle recovery and fleet-control needs should keep customers paying for monitored location services rather than treating Ituran as a one-time device vendor.
Ituran’s local monitoring and recovery capability should protect pricing and mix from pure GPS-device commoditization.
The existing monitoring, installation and recovery infrastructure should allow incremental subscribers to be served without proportionate increases in overhead.
Recurring service collections should fund growth and shareholder returns internally, limiting reliance on debt or equity issuance.
A growing cash position should give Ituran resilience through auto-cycle, currency and security shocks while preserving the ability to invest in its service network.
Bear case: what would count against it
Automakers in Ituran’s core markets make embedded tracking and recovery standard in new vehicles, reducing aftermarket installations.
Low-cost GPS hardware and generic mobile apps become accepted by insurers and fleets as adequate substitutes for monitored recovery services.
Expansion into new geographies requires duplicative control centers, recovery teams and installation networks before subscriber density is proven.
Thesis-Break Engine
Thesis-break watch · Ituran Location & Control
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedForeign issuer material report (6-K).
Ituran Location & Control filed an SEC report on 2026-10-20: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
- MixedForeign issuer material report (6-K).
Ituran Location & Control filed an SEC report on 2026-09-29: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
- MixedForeign issuer material report (6-K).
Ituran Location & Control filed an SEC report on 2026-09-23: Foreign issuer material report (6-K). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Automakers in Ituran’s core markets make embedded tracking and recovery standard in new vehicles, reducing aftermarket installations.
- Low-cost GPS hardware and generic mobile apps become accepted by insurers and fleets as adequate substitutes for monitored recovery services.
- Expansion into new geographies requires duplicative control centers, recovery teams and installation networks before subscriber density is proven.
- Management pursues a large acquisition that consumes cash or adds leverage without clear subscriber-density benefits.
- A major acquisition, special dividend or buyback materially reduces liquidity before the durability of subscriber growth is proven.
ITRN news
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Financial statements
ITRN income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
ITRN: quick answers
- Which well-known investors own ITRN?
- 2 of the 37 well-known funds tracked here reported ITRN shares in their latest 13F filings. By share of the fund's portfolio: Miller Value Partners (Bill Miller), 1.9%; ARK Investment Management (Cathie Wood), 0.0%. Fund portfolios
ITRN in well-known investors’ portfolios
2 of 37 funds reported ITRN shares in their latest 13F filing. A 13F shows quarter-end positions and arrives up to 45 days later.
| Fund | Of its portfolio | Value | Change | Quarter |
|---|---|---|---|---|
| Bill MillerMiller Value Partners | 1.9% | $8.2M | −34.4% | Q2 2026 |
| Cathie WoodARK Investment Management | 0.02% | $2.4M | −20.6% | Q2 2026 |