Autobytel (ABTL) Releases Quarterly Earnings Results
Autobytel (NASDAQ:ABTL) released its earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, American Banking News.com reports. The company had revenue of $20.70 million for the quarter, compared to the consensus estimate of $16.91 million.
A number of analysts have recently weighed in on ABTL shares. Analysts at Ascendiant Capital Markets downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. They now have a $15.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Roth Capital raised their price target on shares of Autobytel from $10.50 to $15.00 in a research note on Tuesday, January 14th. Finally, analysts at B. Riley raised their price target on shares of Autobytel from $10.00 to $18.50 in a research note on Tuesday, December 24th. One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. Autobytel presently has a consensus rating of “Buy” and an average target price of $14.05.
Autobytel Inc (NASDAQ:ABTL) is an automotive marketing services company that helps automotive retail dealers (Dealers) and automotive manufacturers (Manufacturers) market and sell new and used vehicles through its Internet lead referral and online advertising programs.
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