‘Best of the Best’ Stock Picks #1: Autobytel (ABTL)
Autobytel (ABTL) is an automotive marketing services company that helps dealers find customers through its online referral services. ABTL provides vehicle lead programs, including new vehicle search, which essentially allows you and I to submit requests for things like price and availability of specific makes and models of different automobiles. Autobytel also has a used vehicle lead program that allows people to similarly search for used cars.
Naturally, as consumers want the best deal possible on a big purchase — say … a new car! — demand for Autobytel’s services has been growing dramatically. ABTL stock has posted a triple-digit earnings increase once this year, and has posted two consecutive huge positive earnings surprises. Meanwhile, the Wall Street consensus for 2013 and 2014 earnings has been pushed north in the past couple months.
ABTL stock was upgraded to an “A” in Portfolio Grader back in July, and remains a “strong buy” as we head into the end of the year.