Autobytel Board Authorizes Additional $2.0 Million for Share Repurchases
Autobytel Inc. (Nasdaq: ABTL) today announced that its Board of Directors has authorized the company to repurchase up to $2.0 million of the company's common stock.
This new authorization follows the completion of an earlier stock repurchase program under which the company repurchased approximately 1.9 million shares of its common stock for an aggregate purchase price of approximately $1.5 million at an average per share purchase price of $0.766.
Autobytel currently has approximately 44.2 million shares outstanding after taking into consideration repurchased shares pending settlement and cancellation.
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