Autobytel Inc. (ABTL) Stock Price Down 4.2%
Autobytel Inc. (NASDAQ:ABTL) shares traded down 4.2% on Thursday . The company 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.
A number of research analysts have weighed in on the company. B. Riley reissued a “buy” rating and issued a $28.00 target price on shares of Autobytel in a report on Wednesday, August 10th. Zacks Investment Research raised Autobytel from a “sell” rating to a “hold” rating in a report on Thursday, May 5th.
The company has a market cap of $171.37 million and a PE ratio of 71.90. The company has a 50-day moving average of $15.84 and a 200-day moving average of $16.04.
Autobytel (NASDAQ:ABTL) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The company earned $36.10 million during the quarter, compared to the consensus estimate of $34.24 million. The company’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. On average, analysts expect that Autobytel Inc. will post $1.40 EPS 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.