Autobytel Inc. (ABTL) Trading Down 4.2%
Shares of Autobytel Inc. (NASDAQ:ABTL) were down 4.2% on Thursday . The stock traded as low as $16.11 and last traded at $16.23, with a volume of 72,274 shares changing hands. The stock had previously closed at $16.95.
Several analysts have weighed in on ABTL shares. Zacks Investment Research raised Autobytel from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target on shares of Autobytel in a report on Friday, May 6th.
The stock has a market cap of $173.31 million and a PE ratio of 72.71. The company’s 50-day moving average is $15.77 and its 200 day moving average is $16.03.
Autobytel (NASDAQ:ABTL) last released its earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $36.10 million for the quarter, compared to the consensus estimate of $34.24 million. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.31 EPS. Equities research analysts anticipate that Autobytel Inc. will post $1.40 earnings per share for the current fiscal 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.
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