ITRN - Ituran Location and Control: Legal Monopoly Beneficial 2023 Guidance And Undervalued

2023-05-07 05:10:28 ET

Summary

• Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected car.
• The global smart mobility market size is expected to grow at a CAGR of close to 23.6% from 2022 to 2032. I believe that Ituran Location may experience sales growth.
• It is worth noting that with the number of subscribers that Ituran reports, new products being offered may mean a lot of potential revenue growth.

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