Barrington Maintains Their Buy Rating on AutoWeb Inc

In a report released today, Gary Prestopino from Barrington maintained a Buy rating on AutoWeb Inc (NASDAQ: AUTO). The company’s shares opened today at $3.26, close to its 52-week low of $2.88.

According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 3.7% and a 50.7% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Student Transportation, and Liquidity Services.

AutoWeb Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.

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Based on AutoWeb Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $10.28 million. In comparison, last year the company had a net profit of $484K.

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AutoWeb, Inc. provides high quality consumer leads and associated marketing services to automotive dealers and manufacturers throughout the United States. It also provides consumers with robust and original online automotive content to help them make informed car-buying decisions.