Autobytel Inc. (ABTL) Shares Up 3.2%
Autobytel Inc. (NASDAQ:ABTL)’s share price shot up 3.2% on Monday . The stock traded as high as $16.55 and last traded at $16.40, with a volume of 73,138 shares trading hands. The stock had previously closed at $15.89.
Several research firms have weighed in on ABTL. B. Riley restated a “buy” rating and set a $28.00 target price on shares of Autobytel in a report on Friday, May 6th. Zacks Investment Research upgraded shares of Autobytel from a “sell” rating to a “hold” rating in a report on Thursday, May 5th.
The stock has a market capitalization of $178.60 million and a price-to-earnings ratio of 74.93. The company has a 50 day moving average price of $15.89 and a 200 day moving average price of $16.07.
Autobytel (NASDAQ:ABTL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The company earned $36.10 million during the quarter, compared to analyst estimates of $34.24 million. During the same period in the previous year, the company earned $0.31 EPS. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. Analysts predict that Autobytel Inc. will post $1.40 EPS for the current year.
Autobytel Inc is an automotive marketing services company that assists automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers through the programs for online lead referrals, dealer marketing products and services, and online advertising programs and mobile products.