Ituran Location and Control Ltd (ITRN) News & EventsITRNIturan Location and Control Ltd

U.S. Stock Futures Rise; Eli Lilly Acquires Curevo

Stock futures rose Tuesday as markets reacted to reports of potential progress in U.S.–Iran talks aimed at ending the conflict, with sentiment supported by President Trump's comments that negotiations were "proceeding nicely," though uncertainty remains after he warned that military action remains possible if talks fail.In pre-market trading, S&P 500 futures increased 0.72%, Nasdaq 100 futures were up 1.18% and Dow futures gained 0.53%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Eli Lillyup 1% after agreeing to acquire Curevo, LimmaTech Biologics, and Vaccine Company to build its infectious diseases portfolioLearup 2.3% after TD Cowen upgraded the stock from Buy to HoldSemiconductor stocks, including Micron, up 8%, and Qualcomm, up 3.5%, on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressures across the semiconductor sectorSpace stocks rose, with Intuitive Machinesgaining 10.8% and AST SpaceMobileup 6.8%, with Cantor Fitzgerald saying optimism around government and commercial space contracts grew following a $90M U.S. Space Force award to Rocket Laband continued positive commentary on industry demandUP AFTER EARNINGS -Pony AIup 16%Elbit Systemsup 11.3%Ituranup 4.8%DOWN AFTER EARNINGS -AutoZonedown 5.1%LOWER -Ferraridown 2.9% after unveiling the Ferrari Luce, a five-seat EVExxon Mobiland Chevrondown 1% and 1.1%, respectively, after Barclays said depleting inventories, shrinking OPEC spare capacity, and a "muted" U.S. production response to the Middle East war are reinforcing a tighter oil macro backdrop that is not fully reflected in equities

Ituran Reports Q1 Revenue of $102.7 Million

Reports Q1 revenue $102.7M vs. $86.5M last year. Eyal Sheratzky, Co-CEO of Ituran said, "We are pleased to report a strong start to 2026, with revenue crossing the $100 million milestone for the first time. Furthermore, our revenue, operating income, EBITDA and net income all grew year-over-year by double digits. Our strong revenue growth was driven by a 21% increase in subscription revenues to $75.4 million. During the quarter, we added 40,000 net subscribers, in line with expectations. The long-term success in growing our global subscriber base consistently is due to offerings of new products and services to existing customers while tapping into new segments and new markets. We continue to see solid performance across our core markets in Israel and Latin America, with ongoing traction in telematics services for motorcycles and financing products. Our OEM relationships remain a key growth driver, and we are advancing well with new initiatives including IturanMob, which has expanded into the United States market, our Big Data analytics offering, and Credit Carbon. We remain confident in our ability to deliver continued growth and profitability in 2026, and in our longer-term strategy to transform Ituran into a significantly larger company."

Ituran Partners with Stellantis to Deliver Connect Fiat Program

Ituran Location and Control (ITRN) was selected to deliver the Connect Fiat program in partnership with Stellantis (STLA). The agreement has an initial term of three years, with the option to extend for an additional two years. This program represents an expansion of Ituran's existing collaboration with Stellantis, following the partnership announced in early 2025.