Autobytel (ABTL) Gains as It Sees Q3 Revs at High End of Guidance

Autobytel Inc. (Nasdaq: ABTL) is indicated to open over 7% higher Friday after the company said it sees revenue growth at the high end of its previously announced business outlook, or a revenue increase in the range of 25% to 26% compared with last year's third quarter. Autobytel also reiterated its 2014 third quarter guidance for adjusted EBITDA per diluted share in the range of $0.22 to $0.25 per share.

"Based on solid July and August business trends, and a strong start to September, we believe revenue will grow at a slightly faster pace for the third quarter than originally anticipated," said Jeffrey H. Coats, President and Chief Executive Officer. "AutoUSA is performing as expected, and is providing us with a substantially larger retail footprint and a platform from which to accelerate revenue growth. Our expected third quarter results reflect a strong auto leads business and ongoing healthy automotive market. We remain optimistic about our business, our industry and our future opportunities, and are looking forward to continued success."

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