Ituran (ITRN) Q1 2025 Earnings Call Transcript
Image source: The Motley Fool.Need a quote from one of our analysts? Email pr@fool.comIturan Location and Control (NASDAQ:ITRN) management highlighted that local currency growth outpaced U.S. dollar-reported metrics in Q1 2025, as the strong dollar relative to the Brazilian real and Mexican peso suppressed translated results. The initial bulk intake of Stellantis subscribers significantly boosted net additions but is not expected to recur at the same scale in coming periods, with future growth to resemble historical trends absent one-time events. There is a strategic intent to expand OEM relationships, both geographically and in scope of services, with the Stellantis agreement positioned as a long-term growth driver despite early-stage lower ARPU. The company continues to see strong demand for usage-based insurance, and has identified motorcycles as a growing market opportunity in South America. Product revenue pipeline management is ongoing, with sufficient inventory and a 20%-25% targeted gross margin range for telematics products, depending on mix.Continue reading
Image source: The Motley Fool.
Need a quote from one of our analysts? Email pr@fool.com
Ituran Location and Control (NASDAQ:ITRN) management highlighted that local currency growth outpaced U.S. dollar-reported metrics in Q1 2025, as the strong dollar relative to the Brazilian real and Mexican peso suppressed translated results. The initial bulk intake of Stellantis subscribers significantly boosted net additions but is not expected to recur at the same scale in coming periods, with future growth to resemble historical trends absent one-time events. There is a strategic intent to expand OEM relationships, both geographically and in scope of services, with the Stellantis agreement positioned as a long-term growth driver despite early-stage lower ARPU. The company continues to see strong demand for usage-based insurance, and has identified motorcycles as a growing market opportunity in South America. Product revenue pipeline management is ongoing, with sufficient inventory and a 20%-25% targeted gross margin range for telematics products, depending on mix.
