Exhibit 11 AUTOINFO, INC. AND SUBSIDIARIES Calculation of Earnings Per Share Year ended Seven Months Year Ended December 31, Ended December 31, May 31, 1996 1995 1995 ------------ ----------- ----------- Primary and fully diluted earnings (loss): Income (loss) from continuing operations $(19,099,501) $ 560,672 $(2,078,126) Income (loss) from discontinued operations -- (28,163) 1,518,659 Gain on sale of discontinued operations -- 296,839 8,885,688 ------------ ----------- ----------- Earnings (loss) from operations applicable to common stock $(19,099,501) $ 829,348 $ 8,326,221 ------------ ----------- ----------- Shares: Weighted average number of common shares outstanding 7,920,515 7,765,261 7,307,657 Added shares issuable from assumed exercise of options -- 5,656 102,891 ------------ ----------- ----------- Weighted average number of common shares as adjusted 7,920,515 7,770,917 7,410,548 ------------ ----------- ----------- Primary and fully diluted earnings (loss): From continuing operations $ (2.41) $ .07 $ (.28) From discontinued operations -- -- .21 From gain on sale of discontinued operations -- .04 1.19 ------------ ----------- ----------- Earnings (loss) per common share $ (2.41) $ .11 $ 1.12 ============ =========== ===========