Autoweb (AUTO) Issues Quarterly Earnings Results

Autoweb (NASDAQ:AUTO) released its earnings results on Thursday. The information services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.06), Fidelity Earnings reports. Autoweb had a negative net margin of 61.64% and a negative return on equity of 7.50%. The business had revenue of $31.70 million for the quarter, compared to the consensus estimate of $30.74 million.

AUTO stock traded down $0.11 during trading on Friday, hitting $2.15. 88,992 shares of the company’s stock traded hands, compared to its average volume of 43,449. Autoweb has a 52 week low of $2.10 and a 52 week high of $9.91. The firm has a market cap of $30.54 million, a price-to-earnings ratio of 7.41 and a beta of 1.40.

Several analysts have weighed in on AUTO shares. ValuEngine upgraded shares of Autoweb from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Barrington Research reiterated a “hold” rating on shares of Autoweb in a research note on Tuesday, July 31st. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $6.67.

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About Autoweb

AutoWeb, Inc operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to search parameters, such as price, make, model, mileage, year, and location of the vehicle.

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Earnings History for Autoweb (NASDAQ:AUTO)

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