NEW YORK (TheStreet) -- Autobytel Inc. (ABTL) shares were up 23% to $14.80 in trading Wednesday. The bump comes following the automotive marketing company's increased first quarter guidance.
Autobytel said it expects total revenue growth of 45% to 47% -- with additional revenue from its recent acquisition of AutoUSA -- in the first quarter of 2014 compared to the same period in 2013. Excluding the AutoUSA numbers, Autobytel expects revenue growth between 22% and 24% for the first quarter period.
Additionally, the company expects and EPS of 3 cents per share for the quarter, while noting that the EPS is negatively affected by a one-time cost associated with the recent acquisition.
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TheStreet Ratings team rates AUTOBYTEL INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate AUTOBYTEL INC (ABTL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good."