Autobytel Inc. (NASDAQ:ABTL) – Equities research analysts at B. Riley increased their Q3 2016 earnings per share estimates for shares of Autobytel in a report released on Wednesday. B. Riley analyst S. Sinha now anticipates that the firm will earn $0.41 per share for the quarter, up from their prior estimate of $0.36. B. Riley has a “Buy” rating and a $28.00 price target on the stock. B. Riley also issued estimates for Autobytel’s Q4 2016 earnings at $0.38 EPS, Q1 2017 earnings at $0.24 EPS, Q2 2017 earnings at $0.24 EPS, Q3 2017 earnings at $0.49 EPS and Q4 2017 earnings at $0.36 EPS.
Autobytel (NASDAQ:ABTL) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. Autobytel had a net margin of 1.85% and a return on equity of 12.16%. The company earned $36.10 million during the quarter, compared to analysts’ expectations of $34.24 million. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue was up 18.8% on a year-over-year basis.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Autobytel from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, August 10th. Barrington Research raised their price target on shares of Autobytel from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Monday, October 10th.
Autobytel (NASDAQ:ABTL) opened at 17.21 on Friday. The firm’s 50-day moving average is $16.98 and its 200 day moving average is $15.81. Autobytel has a 12-month low of $12.33 and a 12-month high of $25.00. The firm has a market cap of $185.61 million, a PE ratio of 77.87 and a beta of 1.34.
Several large investors have recently added to or reduced their stakes in ABTL. Barclays PLC boosted its stake in Autobytel by 2.2% in the first quarter. Barclays PLC now owns 24,897 shares of the company’s stock valued at $423,000 after buying an additional 525 shares in the last quarter. Citadel Advisors LLC boosted its stake in Autobytel by 6.8% in the second quarter. Citadel Advisors LLC now owns 23,762 shares of the company’s stock valued at $330,000 after buying an additional 1,523 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in Autobytel by 8.1% in the second quarter. Eagle Global Advisors LLC now owns 29,980 shares of the company’s stock valued at $416,000 after buying an additional 2,250 shares in the last quarter. Algert Global LLC boosted its stake in Autobytel by 2.7% in the third quarter. Algert Global LLC now owns 86,453 shares of the company’s stock valued at $1,539,000 after buying an additional 2,261 shares in the last quarter. Finally, Adirondack Research & Management Inc. boosted its stake in Autobytel by 3.0% in the first quarter. Adirondack Research & Management Inc. now owns 118,885 shares of the company’s stock valued at $2,064,000 after buying an additional 3,425 shares in the last quarter. 66.48% of the stock is currently owned by institutional investors and hedge funds.
Autobytel Company Profile
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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