Autobytel Inc. (Nasdaq: ABTL) announced today after-hours that it expects to achieve meaningful growth in revenue and profitability for 2012.
Jeffery Coats , President and Chief Executive Officer of Autobytel, said at the 24th Annual Roth conference:
We anticipate strong growth this year, driven, in part, by increasing recognition from our automotive manufacturer and dealer customers that the quality of our purchase requests is helping them sell more vehicles. Combined with more consumer traffic to Autobytel.com and the recovery in the automotive sector, we see a positive period ahead
For 2011, Autobytel reported its first profitable year since 2004 with 24 percent revenue growth.
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Autobytel Inc., is an online leader offering consumer purchase requests and marketing resources to car dealers and manufacturers and providing consumers with the information they need to purchase new and used cars, pioneered the automotive Internet when it launched autobytel.com in 1995. Autobytel continues to offer innovative products and services to help consumers buy, and auto dealers and manufacturers sell, more used and new cars. Autobytel has helped tens of millions of automotive consumers research vehicles; connected thousands of dealers nationwide with motivated car buyers; and helped every major automaker market its brand online.