Equities research analysts expect Autobytel Inc. (NASDAQ:ABTL) to post sales of $41.71 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Autobytel’s earnings, with estimates ranging from $36.92 million to $46.49 million. Autobytel reported sales of $43.91 million during the same quarter last year, which indicates a negative year over year growth rate of 5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Autobytel will report full year sales of $41.71 million for the current year. For the next financial year, analysts expect that the firm will report sales of $163.49 million per share, with estimates ranging from $149.88 million to $177.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Autobytel.

Autobytel (NASDAQ:ABTL) last released its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.07. Autobytel had a net margin of 3.15% and a return on equity of 10.96%. The business had revenue of $34.60 million during the quarter, compared to analyst estimates of $34.30 million. During the same quarter in the previous year, the business earned $0.24 EPS. Autobytel’s quarterly revenue was down 4.2% compared to the same quarter last year.

ABTL has been the subject of a number of recent analyst reports. ValuEngine cut shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. B. Riley reiterated a “buy” rating and issued a $12.00 price target on shares of Autobytel in a research note on Friday, August 4th. Finally, Barrington Research cut shares of Autobytel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th.

A number of hedge funds have recently made changes to their positions in the business. AJO LP acquired a new stake in shares of Autobytel during the 2nd quarter worth about $3,049,000. Signia Capital Management LLC lifted its stake in shares of Autobytel by 62.6% during the 1st quarter. Signia Capital Management LLC now owns 361,899 shares of the information services provider’s stock worth $4,535,000 after buying an additional 139,340 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of Autobytel during the 2nd quarter worth about $1,513,000. First Wilshire Securities Management Inc. lifted its stake in shares of Autobytel by 348.0% during the 1st quarter. First Wilshire Securities Management Inc. now owns 97,514 shares of the information services provider’s stock worth $1,222,000 after buying an additional 75,747 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Autobytel during the 1st quarter worth about $931,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.

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Shares of Autobytel (NASDAQ:ABTL) opened at 7.67 on Monday. Autobytel has a 1-year low of $6.63 and a 1-year high of $18.32. The firm has a market cap of $98.70 million, a price-to-earnings ratio of 23.17 and a beta of 0.99. The company has a 50 day moving average of $8.34 and a 200 day moving average of $11.57.

Autobytel announced that its Board of Directors has approved a share repurchase plan on Wednesday, September 6th that permits the company to repurchase $3.00 million in shares. This repurchase authorization permits the information services provider to buy up to 34% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

About Autobytel

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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