The Chief Revenue Officer of Autobytel Inc. (NASDAQ: ABTL) is Buying Shares

By Carrie Williams

Today, the Chief Revenue Officer of Autobytel Inc. (NASDAQ: ABTL), Vargas Jose Sr, bought shares of ABTL for $100K.

In addition to Vargas Jose Sr, 2 other ABTL executives reported Buy trades in the last month.

Based on Autobytel Inc.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $43.91 million and quarterly net profit of $2.74 million. In comparison, last year the company earned revenue of $40.18 million and had a net profit of $1.62 million. The company has a one year high of $25 and a one year low of $10.72. ABTL’s market cap is $141.9M and the company has a P/E ratio of 46.32.

Four different firms, including Ascendiant and B. Riley, currently also have a Buy rating on the stock. Starting in January 2015, ABTL received 4 Buy ratings in a row.

In the last 30 days, insiders have sold $432.2K worth of ABTL shares and purchased $100K worth of ABTL shares.

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Autobytel, Inc. is a automotive marketing services company, which assists automotive retail dealers and manufacturers, market and sell new and used vehicles through internet purchase request referral programs together with related dealer marketing products and services and online advertising programs through its website Autobytel.com. The company sells internally-generated purchase requests and other purchase requests direct to dealers and indirectly to dealers through a wholesale market consisting of manufacturers and other third parties in the automotive purchase request distribution industry. Autobytel was founded by John c. Bedrosian and Peter R. Ellis and in January 1995 and is headquartered in Irvine, CA.