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Autobytel Com Inc

BUSINESS
July 28, 2000
The Irvine-based Internet car shopping service said its second-quarter losses widened while revenue surged 86%. The company said it lost $9.8 million, or 48 cents a share, compared with a net loss of $6 million, or 33 cents a share, in the same quarter a year ago. Revenue climbed to $17.1 million from $9.2 million.
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BUSINESS
June 17, 2000
Autobytel.com Inc., the Irvine automotive electronic commerce company, said Friday that it has named Amit Kothari as interim chief financial officer, replacing Hoshi Printer, who will leave the company June 30. Autobytel said in a press release that Printer is leaving to become executive vice president and chief financial officer at BestOffer.com. (Dow Jones)
BUSINESS
April 7, 2000 | (Dow Jones)
Autobytel.com said Thursday that its financial results should exceed analysts' expectations. The Irvine online auto seller said it expects to report losses of 43 cents to 45 cents a share on revenue of $14.5 million to $15 million. Analysts were expecting a loss of 48 cents a share on revenue of $13.4 million, the company said. The company said marketing and sales expenses for the quarter were lower than expected. The results will include revenue and expenses from CarSmart.
BUSINESS
March 29, 2000 | Bloomberg News
Internet car-shopping service Autobytel.com Inc. said Tuesday its affiliated dealers generated more than $3.4 billion in sales this quarter, up 26% from the first quarter last year. The Irvine company couldn't say how much revenue it would receive from the transactions, but said its Autobytel.com and CarSmart.com Web sites are expected to attract more than 3 million users this quarter.
NEWS
March 23, 2000 | By ROBIN FIELDS,
Online car-sales leader Autobytel.com Inc. in Irvine has taken a bold but risky step to close its customer gender gap by adding a feature in its Web site tailored just for women. The move is a first in the fast-growing online car-sales industry and is being closely watched by rivals who wonder whether the gamble is worth the possible backlash it could set off. Autobytel.
BUSINESS
March 23, 2000 | ROBIN FIELDS, TIMES STAFF WRITER
Online car-sales leader Autobytel.com Inc. in Irvine has taken a bold but risky step to close its customer gender gap by adding a feature in its Web site tailored just for women. The move is a first in the fast-growing online car industry and is being closely watched by rivals who wonder whether the gamble is worth the possible backlash it could set off. Autobytel.
BUSINESS
January 24, 2000 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Online auto referral service Autobytel.com Inc. will launch a new direct-purchase program today that will make buying cars as easy as buying books online. With the nationwide direct-to-consumer buying program, Irvine-based Autobytel said it will offer consumers access to millions of vehicles--and the sticker price for each--from dealers nationwide.
BUSINESS
December 3, 1999 | Bloomberg News
Internet car-shopping service Autobytel.com Inc. said Thursday that it has created an online store to sell auto parts and accessories as it broadens its business in response to added competition. The Irvine-based company said it formed partnerships with other e-commerce sites, including Amazon.com Inc. and closely held Carparts.com to sell the merchandise. Autobytel.com went public in March as an online broker of consumer purchases from new-car dealers.
BUSINESS
October 8, 1999 | JONATHAN GAW, TIMES STAFF WRITER
Jumping into the hot market for auctions on the Internet, Irvine-based Autobytel.com Inc. said Thursday that it will become the first company to auction both new and used cars from its Web site. The auctioning of cars from both dealers and individuals comes as online auto sellers struggle to find the right strategy for selling vehicles on the Internet. Autobytel's decision pits it squarely against online auction giant EBay Inc. and other Web players, such as Amazon.
BUSINESS
October 6, 1999 | Bloomberg News
Autobytel.com Inc., an Internet automobile-dealer referral service, canceled its planned acquisition of the publisher of Chilton auto-repair manuals after Autobytel.com shares fell, cutting the purchase price 8% to $16 million. Autobytel.com said it called off the stock and cash acquisition in a one-sentence filing with the Securities and Exchange Commission and didn't specify a reason. The Irvine-based company couldn't be immediately reached to comment.
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