May 28, 1999 |
What a difference a news release makes. On a day when stocks in general and Internet commerce stocks in particular took a bath, Irvine-based Autobytel.com Inc. saw its shares soar 47% Thursday after it said that purchase requests through its online network now result in $1 million in car sales each hour. While the company's news release moved the stock, the number was a repackaging of old figures rather than actual news.
March 30, 1999
In its first full day of trading Monday, the stock of Internet car retailer Autobytel.com Inc. slumped more than 12%, even as the rest of the market generally moved up and the Dow Jones industrial average closed above 10,000 for the first time. The Irvine-based company's shares, which surged 75% after debuting midway through Friday's session, dropped $4.88 on Monday to close at $35.38. Its competitor, Santa Clara-based Autoweb.com Inc.
March 24, 1999 |
On a day when the overall stock market plummeted, Santa Clara, Calif.-based Autoweb.com Inc. on Tuesday had a stunning market debut, with its shares nearly tripling in price--an encouraging sign for Irvine-based Autobytel.com, a competitor that plans to go public today.
January 16, 1999 |
Autobytel.com Inc., which operates a Web site for purchasing new and used vehicles, has revved up plans for an initial stock offering more than 1 1/2 years after canceling earlier plans. The Irvine-based company will seek to raise about $72 million by selling 4.5 million shares to new investors for an estimated $16 per share, according to a report filed Friday with the Securities and Exchange Commission. At that price, the company would have a market value of about $285.
August 5, 1998 |
Internet auto buying service Auto-By-Tel Corp. has changed its name to get more in line with being online. The new moniker: autobytel.com inc. And yes, they really do mean to have it all in lower case. It's part of the trend by Internet-based businesses to have their names match their Web site addresses to make it easier for potential customers. The name change coincides with a major revamp of autobytel.