Autobytel (ABTL) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Autobytel (ABTL) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.22 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.27. The company posted revenue of $36.20 million in the period, compared to analysts expectations of $34.64 million. The company’s revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Autobytel. Company shares were Reiterated by Ascendiant Capital Markets on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .

Autobytel closed down -0.07 points or -0.46% at $15.04 with 2,14,722 shares getting traded on Wednesday. Post opening the session at $14.87, the shares hit an intraday low of $14.65 and an intraday high of $15.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 17, 2016, Wesley Ozima (VP AND CONTROLLER) sold 1,500 shares at $19.88 per share price.

Autobytel Inc. is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell vehicles to consumers through the programs for online lead referrals dealer marketing products and services and online advertising programs and mobile products. Its consumer-facing automotive Websites which include its flagship Website provide consumers with information and tools to aid them with the automotive purchase decisions and the ability to submit inquiries requesting dealers to contact the consumers regarding purchasing or leasing vehicles. Its Websites provide these consumers the ability to submit inquiries requesting dealers or other lenders that may offer vehicle financing to these consumers to contact the consumers regarding vehicle financing. Its other offerings include iControl by Autobytel WebLeads+ Email Manager and Lead Call Payment Pro mobile products and services and SaleMove products and services.


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