Autoweb (AUTO) Announces Quarterly Earnings Results
Autoweb (NASDAQ:AUTO) announced its earnings results on Thursday. The information services provider reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.06), Fidelity Earnings reports. The firm had revenue of $31.70 million during the quarter, compared to analyst estimates of $30.74 million. Autoweb had a negative net margin of 61.64% and a negative return on equity of 7.50%.
AUTO traded down $0.11 during trading on Friday, hitting $2.15. The stock had a trading volume of 88,992 shares, compared to its average volume of 43,449. The company has a market cap of $30.54 million, a price-to-earnings ratio of 7.41 and a beta of 1.40. Autoweb has a twelve month low of $2.10 and a twelve month high of $9.91.
Several equities research analysts have weighed in on the stock. Barrington Research restated a “hold” rating on shares of Autoweb in a research note on Tuesday, July 31st. ValuEngine downgraded shares of Autoweb from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Five analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $6.67.
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AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.
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