Shares of Ituran Location and Control Ltd. (NASDAQ: ITRN) soared 5.17% in pre-market trading on Tuesday following the release of the company's impressive third-quarter 2025 results and dividend announcement. The Israel-based telematics and connected-car services provider demonstrated robust growth and beat analyst expectations, driving investor enthusiasm.
Ituran reported a record revenue of $92.3 million for Q3 2025, marking an 11% increase year-over-year and surpassing the analyst consensus estimate of $90.058 million. The company's earnings per share (EPS) came in at $0.74, comfortably beating the analyst expectation of $0.68 and showing a 7.25% improvement from the same period last year. This strong financial performance was underpinned by the addition of 40,000 net new subscribers during the quarter, bringing the total subscriber base to 2,588,000.
Adding to the positive sentiment, Ituran's Board of Directors declared a quarterly dividend of $10.0 million, or $0.50 per share, maintaining its commitment to shareholder returns. The company also announced the launch of its IturanMOB smart-mobility solution in the United States, expanding its telematics and connected-car services into a new market. This strategic move is expected to create an additional long-term growth engine for Ituran, tapping into a large, untapped addressable market alongside its core businesses.
Eyal Sheratzky, Co-CEO of Ituran, expressed optimism about the company's performance and future prospects, stating, "The third quarter marked a strong quarter for Ituran, in particular, we showed strong subscription revenue growth. Ituran's overall subscriber growth is being driven by our long-term efforts and success in bringing customers new value-adding telematics and connected-car products and services, as well as adding additional OEM partners to our growing roster."
As Ituran celebrates its 20th year as a public company and 30th year of operation, the strong quarterly results, consistent dividend policy, and expansion into new markets have clearly resonated with investors, driving the significant pre-market stock price increase.
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