Wall Street analysts expect that Autobytel Inc. (NASDAQ:ABTL) will post sales of $35.55 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Autobytel’s earnings, with estimates ranging from $35.37 million to $35.72 million. Autobytel posted sales of $36.15 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.7%. The business is expected to announce its next earnings results after the market closes on Thursday, August 3rd.

According to Zacks, analysts expect that Autobytel will report full year sales of $35.55 million for the current financial year, with estimates ranging from $156.18 million to $162.80 million. For the next financial year, analysts forecast that the company will post sales of $170.87 million per share, with estimates ranging from $164.64 million to $177.10 million. Zacks’ sales averages are an average based on a survey of research firms that follow Autobytel.

Autobytel (NASDAQ:ABTL) last issued its quarterly earnings data on Thursday, May 4th. The information services provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $37.34 million during the quarter, compared to analysts’ expectations of $35.05 million. Autobytel had a return on equity of 11.95% and a net margin of 3.19%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS.

Several analysts have commented on ABTL shares. B. Riley reaffirmed a “buy” rating and set a $20.00 price objective on shares of Autobytel in a research note on Wednesday, May 10th. ValuEngine raised Autobytel from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research downgraded Autobytel from a “buy” rating to a “hold” rating in a research note on Monday, July 10th.

In other Autobytel news, CAO Glenn Evan Fuller sold 13,907 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $13.75, for a total transaction of $191,221.25. Following the transaction, the chief accounting officer now owns 20,607 shares in the company, valued at approximately $283,346.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Ferriolo sold 13,488 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $13.72, for a total value of $185,055.36. Following the transaction, the executive vice president now owns 164,253 shares in the company, valued at approximately $2,253,551.16. The disclosure for this sale can be found here. Insiders have sold a total of 80,778 shares of company stock worth $1,060,935 in the last quarter. 12.80% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in Autobytel by 4.6% in the fourth quarter. State Street Corp now owns 124,677 shares of the information services provider’s stock valued at $1,672,000 after buying an additional 5,462 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Autobytel by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 278,195 shares of the information services provider’s stock valued at $3,742,000 after buying an additional 11,775 shares during the last quarter. Renaissance Technologies LLC boosted its position in Autobytel by 68.2% in the fourth quarter. Renaissance Technologies LLC now owns 55,500 shares of the information services provider’s stock valued at $746,000 after buying an additional 22,500 shares during the last quarter. Two Sigma Investments LP boosted its position in Autobytel by 128.5% in the fourth quarter. Two Sigma Investments LP now owns 33,207 shares of the information services provider’s stock valued at $447,000 after buying an additional 18,673 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in Autobytel during the fourth quarter valued at about $261,000. Institutional investors own 64.87% of the company’s stock.

Shares of Autobytel (NASDAQ ABTL) opened at 12.01 on Friday. The firm has a 50-day moving average price of $12.67 and a 200-day moving average price of $12.83. Autobytel has a 1-year low of $10.72 and a 1-year high of $18.39. The stock has a market capitalization of $132.96 million, a PE ratio of 33.45 and a beta of 0.93.

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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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