Brokerages forecast that Autobytel Inc. (NASDAQ:ABTL) will report $41.71 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Autobytel’s earnings, with the highest sales estimate coming in at $46.49 million and the lowest estimate coming in at $36.92 million. Autobytel reported sales of $43.91 million in the same quarter last year, which would suggest a negative year over year growth rate of 5%. The business is expected to issue its next quarterly earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Autobytel will report full-year sales of $41.71 million for the current year. For the next financial year, analysts anticipate that the firm will post sales of $163.49 million per share, with estimates ranging from $149.88 million to $177.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Autobytel.

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

A number of brokerages recently commented on ABTL. 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. Zacks Investment Research cut Autobytel from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. ValuEngine raised Autobytel from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Barrington Research cut Autobytel from an “outperform” rating to a “market perform” rating in a research note on Friday, August 4th.

Shares of Autobytel (NASDAQ:ABTL) traded down 0.27% on Thursday, reaching $7.48. 12,362 shares of the company traded hands. Autobytel has a 52-week low of $6.63 and a 52-week high of $18.32. The company has a market capitalization of $96.25 million, a PE ratio of 22.60 and a beta of 0.90. The firm has a 50-day moving average of $10.16 and a 200-day moving average of $12.11.

In other Autobytel news, EVP John J. Skocilic, Jr. sold 4,774 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $12.66, for a total value of $60,438.84. Following the completion of the transaction, the executive vice president now directly owns 11,083 shares of the company’s stock, valued at $140,310.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Globeflex Capital L P acquired a new position in Autobytel during the first quarter worth about $102,000. JPMorgan Chase & Co. boosted its position in Autobytel by 24.9% in the first quarter. JPMorgan Chase & Co. now owns 8,706 shares of the information services provider’s stock worth $109,000 after buying an additional 1,734 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in Autobytel during the first quarter worth about $129,000. Salem Investment Counselors Inc. acquired a new position in Autobytel during the first quarter worth about $130,000. Finally, Citigroup Inc. boosted its position in Autobytel by 32.4% in the second quarter. Citigroup Inc. now owns 11,679 shares of the information services provider’s stock worth $147,000 after buying an additional 2,860 shares during the last quarter. 58.59% of the stock is owned by hedge funds and other institutional investors.

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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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