Motorcar Parts of America Inc. – Receive News & Ratings Daily

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Motorcar Parts of America, Inc. (NASDAQ:MPAA)‘s stock had its “outperform” rating reissued by stock analysts at FBR & Co in a report released on Tuesday, July 18th, Marketbeat.com reports. They currently have a $39.00 target price on the auto parts company’s stock. FBR & Co’s price target points to a potential upside of 44.87% from the company’s previous close.

A number of other research analysts have also recently issued reports on MPAA. B. Riley restated a “buy” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a report on Wednesday, March 22nd. BidaskClub lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Roth Capital set a $31.00 target price on Motorcar Parts of America and gave the stock a “buy” rating in a report on Tuesday, June 13th. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $36.33.

Shares of Motorcar Parts of America (MPAA) traded down 0.96% during trading on Tuesday, hitting $26.92. 78,229 shares of the stock were exchanged. The stock’s 50 day moving average price is $27.63 and its 200 day moving average price is $28.46. The stock has a market cap of $501.65 million, a PE ratio of 13.95 and a beta of 0.94. Motorcar Parts of America has a one year low of $21.75 and a one year high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The business had revenue of $95.06 million during the quarter, compared to analysts’ expectations of $93.60 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Motorcar Parts of America will post $2.38 EPS for the current year.

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In other Motorcar Parts of America news, VP Douglas Earl Schooner sold 1,192 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $28.57, for a total transaction of $34,055.44. Following the completion of the sale, the vice president now directly owns 4,235 shares in the company, valued at $120,993.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total value of $82,470.00. Following the sale, the director now owns 3,000 shares of the company’s stock, valued at $82,470. The disclosure for this sale can be found here. Insiders sold 9,531 shares of company stock worth $267,616 in the last ninety days. 4.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MPAA. Renaissance Technologies LLC boosted its position in shares of Motorcar Parts of America by 78.7% in the fourth quarter. Renaissance Technologies LLC now owns 146,700 shares of the auto parts company’s stock worth $3,949,000 after buying an additional 64,600 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Motorcar Parts of America by 4.4% in the first quarter. Cadence Capital Management LLC now owns 47,151 shares of the auto parts company’s stock valued at $1,449,000 after buying an additional 2,001 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Motorcar Parts of America by 20.1% in the first quarter. River Road Asset Management LLC now owns 1,038,723 shares of the auto parts company’s stock valued at $31,920,000 after buying an additional 173,680 shares in the last quarter. Granite Investment Partners LLC raised its position in shares of Motorcar Parts of America by 32.4% in the first quarter. Granite Investment Partners LLC now owns 176,474 shares of the auto parts company’s stock valued at $5,423,000 after buying an additional 43,138 shares in the last quarter. Finally, State Street Corp raised its position in shares of Motorcar Parts of America by 6.3% in the fourth quarter. State Street Corp now owns 374,226 shares of the auto parts company’s stock valued at $10,074,000 after buying an additional 22,181 shares in the last quarter.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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