Ituran Location and Control Ltd.: Strong Q2 Results Reveal The Data Opportunity Hidden Inside Its Telematics Network

Ituran Location and Control Ltd. (ITRN) reported record Q2 2026 revenue and maintained significant subscription growth, with a subscriber base of 2.71 million as of June 30, 2026. The core telematics business generated strong recurring revenue, with subscription revenue increasing by 25% year-over-year and profit growth exceeding revenue growth, reinforcing a Buy rating. The company’s valuation is based on its core business, trading at 15.5× 2026 P/E, with potential upside from its emerging Big Data business. Early contracts and pilots indicate promise, though material earnings contribution from this segment is still nascent.