Autobytel Inc. (ABTL) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for ABTL as the stock is now down over 24% since Feb 20, 2014.
This slump shouldn’t be too much of a surprise to investors, as this online automotive marketing services company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
ABTL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Advance Auto Parts Inc. (AAP) and Liberty Ventures (LVNTA), with a Zacks Rank #1 (Strong Buy), and priceline.com Incorporated (PCLN) carrying a Zacks Rank #2 (Buy).
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AUTOBYTEL INC (ABTL): Free Stock Analysis Report
ADVANCE AUTO PARTS INC (AAP): Free Stock Analysis Report
LIBERTY INTERACTIVE CORP SRS A L (LVNTA): Free Stock Analysis Report
PRICELINE.COM INC (PCLN): Free Stock Analysis Report
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