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Ituran Location and Control Ltd. (ITRN) is a global leader in telematics services and products, specializing in vehicle safety, fleet management, and connected car solutions. The company provides subscription-based services and sells or leases telematics devices to enhance vehicle tracking, recovery, and management capabilities. Operating in key markets such as Israel, Brazil, and the United States, Ituran serves both individual and enterprise customers with innovative technologies originally developed for military applications.
- Telematics Services - Offers subscription-based services, including stolen vehicle recovery (SVR), fleet management, connected car solutions, and usage-based insurance (UBI), catering to both individual and business customers.
- Telematics Products - Sells or leases telematics devices, such as two-way communication systems, which are essential for enabling telematics services and are installed in customers' vehicles.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Eyal Sheratzky ExecutiveBoard | Co-Chief Executive Officer | Director of Moked Ituran and Ituran Network | Co-CEO since 2003; previously VP of Business Development (1999-2002); holds LLB, LLM, and Executive MBA degrees. | |
Ami Saranga Executive | Deputy CEO | None | Deputy CEO since 2011; previously VP of Marketing (2008-2011); holds a BA in Business Administration. | |
Eli Kamer Executive | Executive VP, Finance, and CFO | None | CFO since 1999; joined ITRN in 1997 as Finance Department Manager; CPA with BA and MBA degrees in Business Administration. | |
Guy Aharonov Executive | General Counsel | None | General Counsel since 1999; oversees legal and compliance matters for ITRN. | |
Udi Mizrahi Executive | Deputy CEO and VP Finance | None | Joined ITRN in 2000 as VP Finance; currently also Deputy CEO for International Operations. | |
Gidon Kotler Board | External Director | None | External director since 2014; previously served as assets manager at Strauss-Group Ltd. and CEO of Tel Aviv New Central Bus Station. | |
Israel Baron Board | External Director | Director at Quality Baron Management Services Ltd. and Brill Shoe Industries Ltd. | External director since 2003; recognized as an audit committee financial expert under Sarbanes-Oxley Act; CPA with a BA in Economics and Accounting. | |
Tal Sheratzky-Jaffa Board | Director | Founder and CEO of VC Academy; Consultant, Mentor, and Lecturer | Director since 2019; extensive experience in venture capital, law, and entrepreneurship; teaches economics and business management; member of Israeli and New York Bar Associations. | |
Yigal Shani Board | Director | Partner at Tzivtit Insurance Agency (1998) Ltd. | Director since 1995; long-standing board member; briefly resigned in 2014 to comply with Israeli Companies Law requiring female board representation. | |
Yoav Kahane Board | Director | CEO of Vizo Specs Ltd., CBO of PrintCB, CEO of Spot-On Therapeutics Ltd. | Director since 1998; co-founder of multiple startups in non-invasive technology and advanced materials; member of ITRN's audit and compensation committees. | |
Zeev Koren Board | Chairman of the Board | None | Director since 2006; Chairman since 2011; extensive experience in HR planning and management. |
- Despite adding 40,000 net subscribers in the quarter, subscription revenues decreased by 1% year-over-year in U.S. dollars; can you explain this discrepancy and how you plan to drive subscription revenue growth amid currency headwinds?
- Given the lengthy sales cycles with OEMs due to strategic decisions, technology validation, and negotiations, what specific strategies are you implementing to shorten these cycles and accelerate growth through new partnerships?
- With your investment in Bringg currently valued at zero on your balance sheet, how do you plan to realize value from this investment, and what are your expectations regarding its contribution to future profits?
- There is a $4 million difference in your cash flow statement related to the increase in other current and noncurrent assets; can you clarify the nature of this discrepancy and its implications for your financial health?
- While you have successfully implemented usage-based insurance solutions in Israel, expansion into markets like Argentina and Mexico has been slow; what are the main obstacles you face, and how do you intend to overcome them to expand this offering internationally?
Recent developments and announcements about ITRN.
Earnings
New Earnings (Q4 2024)
·Feb 26, 2025, 10:42 PMView full earnings summary →ITRN expects 180-200k new subscribers in 2025—over 20% above 2024—fueled by Israel, Brazil, and OEM partnerships. Margins could tighten from lower-ARPU deals. However, stable ARPU and strong retail gains signal potential for sustained growth despite currency risks.