Barrington Initiates a Hold Rating on AutoWeb Inc (AUTO)

Barrington analyst Gary Prestopino initiated coverage with a Hold rating on AutoWeb Inc (AUTO) today. The company’s shares closed yesterday at $4.78, equals to its 52-week high of $4.78.

Prestopino noted:

“We reduced our 2019 non-GAAP EPS loss from $(0.11) to $(0.65) and initiated a 2020 non- GAAP loss estimate of $(0.02). Our adjusted EBITDA estimate for 2019 is $(3.4) million with a positive swing anticipated in 2020 at $4.9 million. The company is not giving any detailed guidance for 2019.”

According to, Prestopino is a 2-star analyst with an average return of 0.0% and a 42.0% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.

AutoWeb Inc has an analyst consensus of Moderate Buy, with a price target consensus of $5.

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The company has a one-year high of $4.78 and a one-year low of $1.90. Currently, AutoWeb Inc has an average volume of 49.01K.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AUTO in relation to earlier this year. Earlier this month, Glenn Evan Fuller, the EVP, CLO, SECRETARY of AUTO bought 17,500 shares for a total of $30,625.

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AutoWeb, Inc. engages in digital marketing solutions. It specializes in assisting automotive retail dealers and automotive manufacturers market and sell new and used vehicles to consumers by utilizing digital sales enhancing products and services.

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