Autobytel
| Public | |
| Traded as | NASDAQ: AUTO |
| Industry | Automotive marketing services |
| Founded | 1995 |
| Founder | Peter R. Ellis John C. Bedrosian |
| Headquarters | 18872 MacArthur Blvd Irvine, California, U.S. |
|
Key people
|
Jeffrey H. Coats, President & CEO; Kimberly S. Boren, SVP & CFO; Glenn Fuller, EVP, CLAO & Secretary; William Ferriolo, EVP & COO |
| $1.387 Million | |
| Website | Autobytel.com |
AutoWeb, Inc. (NASDAQ: AUTO) is an automotive media and marketing services company based in Irvine, California. It was known as Autobytel Inc. until October 2017.
In 1995, John Bedrosian and Peter Ellis founded Auto-by-Tel LLC. Bedrosian was one of the co-founders of National Medical Enterprises, and Ellis was a car dealership owner in Southern California who became well-known in the 1980s for his high amount of television advertisements. Auto-by-Tel was originally a syllabic abbreviation for Automobiles-by-Telephone but later became an abbreviation for Automobiles-by-Telecommunication, in order to incorporate the Internet into its name.
Auto-by-Tel was the first Internet company to advertise during the Super Bowl in 1997. The company went public in 1999.
In 2001, Auto-by-Tel LLC officially changed its name to Autobytel Inc. The company also acquired Autoweb.com that year.
On November 15, 2004, Autobytel announced to restate results for the second, third, and fourth quarters of 2003, the full 2003 fiscal year, and the first and second quarters of 2004, due to its accounting problems covering a number of issues surfaced after the disclosure of a review by its audit committee. After further review, on March 15, 2005, the company announced that it also expected to restate its financial statements for the full 2002 fiscal year and the first fiscal quarter of 2003. This led to the filing of a class action lawsuit against Autobytel alleging that it violated Securities Exchange Act by disseminating false statements and inflating its financial results.
On April 25, 2007, Autobytel was named one of California's 15 best technology innovators at the California Innovation Awards.
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