Autobytel (ABTL) Releases Earnings Results, Beats Expectations By $0.03 EPS

Autobytel (ABTL) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.21. The company posted revenue of $36.10 million in the period, compared to analysts expectations of $34.24 million. The company’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Autobytel closed down -0.18 points or -1.21% at $14.72 with 1,09,762 shares getting traded on Tusday. Post opening the session at $14.91, the shares hit an intraday low of $14.67 and an intraday high of $14.9999 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 2, 2016, Glenn Evan Fuller (EVP, CLO, CAO, SECRETARY) purchased 300 shares at $14.22 per share price. According to the SEC, on May 17, 2016, Jeffrey H Coats (CEO) purchased 1,570 shares at $12.68 per share price. On May 12, 2016, Kimberly Boren (CFO) purchased 500 shares at $14.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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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