|Industry||Automotive Marketing Services|
|Headquarters||Irvine, California, United States|
|Jeffrey H. Coats, President & CEO;
Kimberly S. Boren, SVP & CFO;
Glenn Fuller, EVP, CLAO & Secretary
|$1.387 Million |
Number of employees
Autobytel Inc. (NASDAQ: ABTL) is an automotive media and marketing services company in the United States. Located in Irvine, California, U.S.A. Autobytel Inc. was founded in 1995 by Pete Ellis, a Southern California businessman well known for the high amount of television advertisements for his dealerships located in Southgate, California throughout the 1980s. Autobytel was the first Internet company to advertise during the Super Bowl in 1997. On April 25, 2007 Autobytel was named one of California's 15 best technology innovators. Currently, Autobytel owns and operates Autobytel.com, Car.com. AutoWeb.com, and UsedCars.com.
Autobytel offers automotive dealers tools to manage their business. Specific products include: the Rapid Response program, designed to connect dealers to online customers via phone, as well as the Email Manager program, which manages long-term email campaigns on behalf of the dealership. Additionally, LeadCall, a live call program that sets in-dealership appointments and scores customer readiness to buy for auto dealers.
On Nov 15, 2004, Autobytel announced to restate results for the second, third, and fourth quarters of 2003, the full 2003 fiscal year, and the first and second quarters of 2004, due to its accounting problems covering a number of issues surfaced after the disclosure of a review by its audit committee. After further review, on March 15, 2005, the Company announced that it also expected to restate its financial statements for the full 2002 fiscal year and the first fiscal quarter of 2003.
The financial crisis of 2008 forced the company to reduce costs primarily by laying off a big portion of the workforce. It also considered selling itself, but that plan was tabled in 2009. The FY2012 results showed a small profit, suggesting the layoff strategy worked at keeping the business running until the economy recovered.
In late 2013 Autobytel purchased a portion of Autoweb.com, a targeted automotive advertising company In early 2014, Autobytel purchased AutoUSA from AutoNation Inc. for $10 million in cash, a $1 million convertible note and other consideration. In May 2015, Autobytel acquired Dealix Corporation and Autotegrity, Inc. (wholly owned subsidiaries of CDK Global, LLC), for $25 million. On October 1, 2015, Autobytel acquired Autoweb, Inc. in an all-stock and warrant transaction.
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- Autobytel press release (January 29, 2015)
- Money: Autobytel named top innovator - OCRegister.com
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- "Scott +Scott, LLC Shareholder Files Securities Lawsuit Against Autobytel Inc. as Financial Results Are In Violation of GAAP: Resulting in Restatement -- ABTL". November 24, 2004. Retrieved Jul 17, 2013.
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- "DMNews spends a few minutes with Mark Garms, SVP, dealer operations and strategy at Autobytel Inc.". DMNews. March 17, 2008. Archived from the original on 16 May 2008. Retrieved 2008-05-05.
- Autobytel Official site
- Autobytel Inc. - Form 10-K for the fiscal year ended December 31, 2012
- "Autobytel Receives 'Official Honoree' Distinction for the 12th Annual Webby Awards. Newly Launched MyRide.com Recognized by "Oscars of the Internet"". centredaily.com (State College, Pennsylvania). April 14, 2008. Retrieved 2008-05-05.[dead link]