This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Autobytel Reports 2013 Second Quarter Financial Results

Autobytel Inc. (Nasdaq: ABTL), a leading provider of online consumer leads and marketing resources for the automotive industry, today announced improved financial results for the second quarter ended June 30, 2013, including net income growth of 67% on 13% revenue growth, compared with last year’s second quarter.

“Our ongoing emphasis on growing revenues, coupled with strong automotive market conditions, resulted in Autobytel’s highest second-quarter sales in five years,” said Jeffrey H. Coats, President and Chief Executive Officer. “Autobytel’s independently verified high sales conversion rates for the leads we sell have been a game-changer for us and our sector. With robust demand from both the retail and wholesale channels, we remain confident in our ability to continue generating improved financial results.”

Total revenues for the second quarter of 2013 increased to $17.8 million from $15.7 million last year. Revenues generated from automotive leads, the company’s core business, rose nearly 16% to $15.3 million for the 2013 second quarter, up from $13.2 million for last year’s second quarter, principally reflecting strong ongoing demand from automotive dealers (retail) and manufacturers (wholesale). Total retail revenues grew approximately 9%, and total wholesale revenues increased 21% for the second quarter of 2013, compared with the second quarter of 2012. The number of dealerships purchasing leads from Autobytel grew by over 70 from the first quarter of 2013.

Gross profit grew 10% for the 2013 second quarter to $7.0 million, or 39.1% of total revenues, from $6.3 million, or 40.3% of total revenues, last year. Gross profit was $6.6 million, or 36.1% of total revenues, for the 2013 first quarter. Autobytel’s longer-term gross margin target remains above 40%.

Total operating expenses were $6.4 million, or 36.0% of revenues, for the second quarter of 2013, compared with $6.0 million, or 38.1% of revenues, for the second quarter last year.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs