Ituran Location and Control Ltd. reported record quarterly revenue of $102.7 million, up 19% year-over-year, with subscription revenue rising 21% and accounting for 73% of total revenue. EBITDA grew 15% and diluted EPS increased to $0.85 from $0.73, supported by steady subscriber growth and expanding OEM relationships. Management targets 160,000 to 180,000 net subscriber additions in 2026, with approximately 40,000 added in the first quarter. The company disclosed a deeper partnership with Stellantis through the ConnectFiat program in South America and revealed that its Big Data business has become commercial through a signed agreement with an Israeli transportation entity. Additional optionality comes from IturanMob, a rental car technology platform targeting the U.S. market.
Ituran Location and Control Ltd
MaxLinear Inc
Stellantis NV