Ituran Location And Control Remains A Buy After Strong Q2 Growth

Impact · against what's priced in

ITRN is a buy based on record Q2 financial performance and an increasing shift toward recurring revenue (76% of total). The expansion of OEM partnerships in South America and disciplined capital returns provide a clear path toward a calculated 27% upside.

ITRN+0.60

No priced-in read yet

In context

Record Q2 revenue, profitability, and cash flow, combined with a 76% recurring revenue mix, suggest stronger fundamentals than current valuations of 15.1x forward earnings imply.

Read from the article alone

• valuation▲16%
• earnings
• ITRN
• big data
• capital returns
• recurring revenue
• south america

Top 1 mover · tap to explore