Analysts expect that Autoweb Inc (NASDAQ:AUTO) will post $29.92 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Autoweb’s earnings. The lowest sales estimate is $29.91 million and the highest is $29.94 million. Autoweb posted sales of $34.59 million in the same quarter last year, which suggests a negative year over year growth rate of 13.5%. The firm is scheduled to report its next quarterly earnings report on Thursday, August 2nd.
On average, analysts expect that Autoweb will report full year sales of $125.77 million for the current financial year, with estimates ranging from $125.32 million to $126.22 million. For the next fiscal year, analysts anticipate that the business will post sales of $132.74 million per share, with estimates ranging from $132.47 million to $133.01 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Autoweb.
Autoweb (NASDAQ:AUTO) last released its earnings results on Thursday, May 10th. The information services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.06). Autoweb had a negative return on equity of 0.52% and a negative net margin of 55.22%. The firm had revenue of $32.35 million during the quarter, compared to analysts’ expectations of $32.02 million.
AUTO has been the subject of several recent research reports. Barrington Research reiterated a “buy” rating on shares of Autoweb in a research report on Friday, March 2nd. B. Riley cut Autoweb from a “buy” rating to a “neutral” rating and set a $4.90 price target for the company. in a research report on Friday, March 9th. ValuEngine upgraded Autoweb from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Zacks Investment Research upgraded Autoweb from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Finally, Lake Street Capital cut Autoweb from a “buy” rating to a “hold” rating in a research report on Friday, May 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.67.
NASDAQ:AUTO traded up $0.37 during trading hours on Wednesday, reaching $4.52. The stock had a trading volume of 51,292 shares, compared to its average volume of 60,678. Autoweb has a 12-month low of $2.88 and a 12-month high of $13.31. The company has a market capitalization of $53.48 million, a P/E ratio of 15.59 and a beta of 1.49.
In related news, insider Jared Robert Rowe purchased 60,975 shares of Autoweb stock in a transaction dated Tuesday, May 15th. The stock was bought at an average cost of $3.28 per share, for a total transaction of $199,998.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Investment & Development Finan purchased 42,296 shares of Autoweb stock in a transaction dated Friday, May 18th. The stock was bought at an average price of $3.61 per share, with a total value of $152,688.56. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 157,545 shares of company stock valued at $552,415. 30.60% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of AUTO. AXA bought a new stake in Autoweb during the fourth quarter valued at $129,000. Tocqueville Asset Management L.P. bought a new stake in Autoweb during the fourth quarter valued at $134,000. Virtu Financial LLC bought a new stake in Autoweb during the fourth quarter valued at $143,000. Stone Ridge Asset Management LLC bought a new stake in Autoweb during the fourth quarter valued at $172,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Autoweb during the fourth quarter valued at $204,000. 44.46% of the stock is owned by institutional investors.
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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