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BUSINESS
March 27, 1999 | JONATAHAN GAW, TIMES STAFF WRITER
Autobytel.com, seeking to capitalize on consumers' growing acceptance of using the Internet to buy things, went public Friday and saw its shares soar 75%. The stock offering by the Irvine online car-selling service raised $103.5 million on a day that most other technology stocks fell. Its shares, which were priced at $23 Thursday night, opened at $52.75 midway through Friday's session and rose as high as $58 before settling at $40.25 by day's end. That values the company, which lost $19.
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BUSINESS
April 27, 2001
The Irvine Internet car shopping service said it lost $4.1 million, or 20 cents a share, in the first quarter, compared with a net loss of $8.1 million, or 42 cents a share, a year ago. Revenue was up 11% to $16.7 million.
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BUSINESS
February 22, 1999
As part of last week's unveiling of Intel Corp.'s new Pentium III chip, Irvine-based Autobytel.com Inc. showed off a prototype of a program that allows car buyers to fully customize vehicles over the Internet before they buy. The 3D Virtual Showroom will give consumers a complete three-dimensional view of vehicles as well as views of all interior and exterior angles. Autobytel.com has applied for a patent for the system, which will go live on their Web site at http://www.autobytel.
BUSINESS
April 12, 2001 | From Times Wire Services
Autobytel.com Inc. in Irvine said Wednesday that it has agreed to buy rival Internet car-shopping service Autoweb.com Inc. for $14.2 million in stock, plus assumed debt, to expand its customer base. The acquisition would solidify Autobytel.com's position as market leader and broaden its customer base, giving it annual sales of more than $100 million and about 2 million visitors to its Web sites each month, the companies said.
BUSINESS
August 3, 1999 | Jonathan Gaw
One in four people shopping for a used car goes to the Internet for help, according to a study. The nearly 10,000 used-car buyers polled by J.D. Power & Associates said they most frequently visited the Web site of Kelley Blue Book for pricing and other general information, as well as the sites of Consumer Reports, Autobytel.com, Edmund's and Microsoft Corp.'s CarPoint.
BUSINESS
December 22, 2000 | BONNIE HARRIS, TIMES STAFF WRITER
A former Autobytel.com employee who claimed he was transferred out of state and then fired after reporting alleged business irregularities has been awarded $1.9 million in damages against the Irvine online car-selling service. An Orange County Superior Court jury Wednesday awarded former Autobytel regional sales director Thomas Heshion $400,000 in actual damages and $1.5 million in punitive damages after deliberating less than a day.
NEWS
July 7, 1999 | JOHN O'DELL, TIMES STAFF WRITER
In a bid to broaden the range of products available to its Internet car shoppers, Toyota Motor Sales U.S.A. has launched a new program with Autobytel.com to make Toyota's extended service contracts available on the Web. The program is open to consumers who buy Toyota vehicles through Autobytel. It is the first time a car maker has marketed factory-backed extended service contracts online.
BUSINESS
February 1, 1999 | DEBORA VRANA, TIMES STAFF WRITER
It's the race of the Internet auto sellers. Next month, two major California-based companies that operate Web sites where people can purchase new and used vehicles are planning to sell stock to the public through an initial public offering, or IPO. The market for new issues is strengthening, with six companies raising $534 million through IPOs last week, bringing January's nationwide total to about $900 million.
BUSINESS
March 22, 1999 | JONATHAN GAW, Jonathan Gaw covers technology and electronic commerce for The Times. He can be reached at (714) 966-7818 and at jonathan.gaw@latimes.com
This week, Irvine-based Autobytel.com Inc. is expected to go public, hoping to raise $63 million by selling 20% of the company. The offering coincides with that of Santa Clara-based Autoweb.com Inc., which also is expected to begin selling stock this week. That firm hopes to raise $58.8 million by selling a 21% stake. Both companies offer automobile information and purchasing services over the Web. Their competitors include Microsoft Corp.'s Carpoint site.
BUSINESS
December 22, 2000 | BONNIE HARRIS, TIMES STAFF WRITER
A former Autobytel.com employee who claimed he was transferred out of state and then fired after reporting alleged business irregularities has been awarded $1.9 million in damages against the Irvine online car-selling service. An Orange County Superior Court jury Wednesday awarded former Autobytel regional sales director Thomas Heshion $400,000 in actual damages and $1.5 million in punitive damages after deliberating less than a day.
BUSINESS
March 22, 2001 | Bloomberg News
General Motors Corp. and Irvine online auto marketer Autobytel.com Inc. said the auto maker's Chevrolet dealers in the Washington area will test an Internet system that lets customers search for a vehicle and price throughout the region. The 90-day test of the largest auto maker's new system will include 22 dealers in northern Virginia, southern Maryland and Washington and will start May 1. The Detroit auto maker, which announced last month that Autobytel.
BUSINESS
December 22, 2000 | BONNIE HARRIS, TIMES STAFF WRITER
A former Autobytel.com employee who claimed he was transferred out of state and then fired after reporting alleged business irregularities has been awarded $1.9 million in damages against the Irvine online car-selling service. An Orange County Superior Court jury Wednesday awarded former Autobytel regional sales director Thomas Heshion $400,000 in actual damages and $1.5 million in punitive damages after deliberating less than a day.
BUSINESS
December 22, 2000 | BONNIE HARRIS, TIMES STAFF WRITER
A former Autobytel.com employee who claimed he was transferred out of state and then fired after reporting alleged business irregularities has been awarded $1.9 million in damages against the Irvine online car-selling service. An Orange County Superior Court jury Wednesday awarded former Autobytel regional sales director Thomas Heshion $400,000 in actual damages and $1.5 million in punitive damages after deliberating less than a day.
BUSINESS
October 4, 2000
* Andrew F. Donchak has been appointed senior vice president, chief marketing officer for Autobytel.com in Irvine. Donchak was most recently vice president of marketing at Navigation Technologies. He was also at the advertising agency BBDO Worldwide for more than 15 years. * Harriet B. Alexson has joined the Santa Ana law firm of Hart, King & Coldren. Her title is "of counsel." She was formerly a partner with Loeb and Loeb. In addition, Bruce W.
BUSINESS
September 16, 2000 | Dow Jones
Autobytel.com Inc. said Friday that it expects third-quarter and annual earnings per share to be slightly better than analysts' expectations. The Irvine online automotive broker said in a news release that it expects 65%-70% revenue growth for both the third quarter and the year. At the end of the year, it expects its cash balance to be $80 million to $85 million. Last year, Autobytel lost $23.3 million, or $1.48 a share, on revenue of $40.3 million.
BUSINESS
August 16, 2000 | Bloomberg News
Autobytel.com Inc.'s chief operating officer has resigned to form a consulting company, and the Irvine Internet car-shopping service said it will be her first client. Ann Delligatta, 53, joined Autobytel.com in 1997 as chief technical officer and in 1998 was promoted to chief operating officer. The company hasn't yet named a replacement and Delligatta will continue many of her former duties as a consultant, spokeswoman Betsy Isroelit said Tuesday. Autobytel.
BUSINESS
June 17, 1999 | Jonathan Gaw
Irvine-based Autobytel.com Inc., an online automobile information firm, will expand into auto services on Monday, the company said. The expansion had been expected. Autobytel.com and its competitors have long promised to go beyond their initial mission of car-buying referrals and information and offer all manner of automobile services that a driver would want, from acquiring a vehicle to selling it and everything in between. Autobytel.
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