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Ituran posts record Q2 revenue and profitability with strong recurring revenue growth.

Analyst Insights
16 Aug 2026
Seeking Alpha
View Source
Bullish
Ituran posts record Q2 revenue and profitability with strong recurring revenue growth.

Ituran Location and Control Ltd. reported record revenue, profitability, and cash flow in Q2, driven by recurring revenue now making up 76% of total income. The company trades at reasonable valuations with potential 27% upside if growth and margins continue. Strong OEM partnerships, especially in South America, and disciplined capital returns support its investment case, while Big Data initiatives provide long-term growth opportunities. The analyst maintains a Buy rating, expecting steady returns through 2026 if subscriber growth and project traction persist.

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