Ituran Location and Control Ltd. (ITRN) transitions to subscription model, showing strong revenue growth.

From Yahoo Finance: 2025-05-20 13:49:00

Ituran Location and Control Ltd. (ITRN) is trading at $37.82 with a trailing P/E of 14.01. The company was founded by Izzy and Eyal Sheratzky in response to vehicle theft issues in Tel Aviv. Ituran shifted to a subscription-based model, focusing on Latin America, with 2.4 million subscribers generating $336 million in revenue with 7% growth in 2024.

Despite not being in the top 30 most popular stocks among hedge funds, Ituran has seen an increase in hedge fund portfolios holding ITRN. While there are challenges like costly hardware upgrades, the company is evolving into a high-growth subscription business with accelerating subscriber gains and a clear path to $100 million EBITDA.



Read more at Yahoo Finance: Ituran Location and Control Ltd. (ITRN): A Bull Case Theory