Itzik Weitz, chief executive of Carasso Motors, has played a pivotal role in the company's remarkable growth over the past two decades. Originally brought in during a period of family disputes, Weitz has steered Carasso to impressive financial success, recently selling a portion of his shares for NIS 122 million and accumulating a total of NIS 284 million through shares, options, and compensation. Deputy chief executive Oren Elezra also sold shares at a peak price, reflecting the company's strong market performance.

Carasso Motors has experienced a dramatic rise in its share price, climbing 130% in the past year and 600% over five years. The company's recent surge is attributed to robust sales, particularly of Chinese brands Chery and Xpeng, which have significantly boosted market share and revenues. In the first half of the year, Carasso sold 23,900 new cars, with Chery accounting for half of those sales, and posted substantial increases in both revenue and net profit.

Weitz's leadership, including guiding Carasso through its public offering in 2011, has solidified his reputation as a key figure in the company, despite not being a family member. The company's success is further highlighted by strong financial results and a growing presence in the Israeli vehicle market, driven by strategic partnerships and a diversified brand portfolio.