Israel's Ituran Q1 revenue rises 19% on subscription growth

Ituran Location and Control

26/05/2026 11:39

Overview

Israel telematics service provider's Q1 revenue rose 19% yr/yr, driven by subscription growth

Q1 adjusted EPS increased to $0.85, net income up 15% yr/yr

Company declared $10 mln quarterly dividend and repurchased $0.5 mln in shares

Outlook

Ituran says ongoing traction in telematics services and financing products expected to continue

Company expects growth from expansion of IturanMob and Big Data analytics in US market

Result Drivers

SUBSCRIPTION REVENUE GROWTH - 21% yr/yr increase in subscription revenue to $75.4 mln drove overall revenue growth, per Co-CEO Eyal Sheratzky

SUBSCRIBER BASE EXPANSION - Net addition of 40,000 subscribers in Q1, with growth attributed to core stolen vehicle recovery and telematics businesses in Israel and Latin America

NEW INITIATIVES AND MARKETS - Growth supported by expansion into new segments and markets, including U.S. launch of IturanMob and Big Data analytics offering

Company press release: ID:nPnGL64ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$102.7 mln
$95.33 mln (2 Analysts)
Q1 EPS
$0.85
Q1 Net Income
$16.8 mln
Q1 EBITDA
$26.7 mln
Q1 Operating Income
$22.1 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Ituran Location and Control Ltd is $63.50, about 5.6% above its May 22 closing price of $60.11

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)