Exhibit 11 AUTOINFO, INC. AND SUBSIDIARIES Calculation of Earnings Per Share Nine Months Ended Three Months Ended September 30, August 31, September 30, August 31, 1996 1995 1996 1995 ----------------- ---------------- ----------------- ----------------- Primarily and fully diluted earnings (loss): Earnings (loss) from operations applicable to common stock From continuing operations $(3,632,822) $(1,807,380) $(3,095,320) $ 131,081 From discontinued operations -- 9,709,095 -- 228,935 ----------- ----------- ----------- ---------- Net income $(3,632,822) $ 7,901,715 $(3,095,320) $ 360,016 ----------- ----------- ----------- ---------- Shares: Weighted average number of common shares outstanding 7,918,329 7,492,691 8,000,615 7,757,736 Add shares issuable from assumed exercise of options and warrants -- 68,786 -- 6,309 ----------- ----------- ----------- ---------- Weighted average number of common shares as adjusted 7,918,329 7,561,477 8,000,615 7,764,045 ----------- ----------- ----------- ---------- Primary and fully diluted earnings per common share: From continuing operations $ (.46) $ (.24) $ (.39) $ .02 From discontinued operations -- 1.28 -- .03 ----------- ----------- ----------- ---------- Net income $ (.46) $ 1.04 $ (.39) $ .05 ----------- ----------- ----------- ----------