ITRN - Ituran Q4: Stronger Uptake In Brazil May Drive Meaningful Subscriber Growth
2024-03-08 10:54:33 ET
Summary
- Ituran is a telematics company that develops SaaS offerings, with a focus on stolen vehicle recovery and automatic vehicle location.
- The company has shown steady growth and profitability, with a 1-year return of 16.5%.
- Ituran plans to target car financing companies in Brazil and Mexico to drive subscriber growth. Steady demand for used cars in Brazil could lead to meaningful uptake.
Founded in 1994, Ituran Location and Control Ltd. ( ITRN ) is a company that develops telematics SaaS offerings, such as SVR / Stolen Vehicle Recovery and automatic vehicle location / AVL. ITRN's largest geographic markets include Israel and LatAm, especially Brazil. As of FY 2023, it has over 2.252 million subscribers....
Ituran Q4: Stronger Uptake In Brazil May Drive Meaningful Subscriber Growth