Motorcar Parts of America Inc. (NASDAQ:MPAA) has been given an average rating of “Buy” by the six analysts that are covering the stock. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $39.50.

Several analysts have weighed in on MPAA shares. Zacks Investment Research downgraded Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 12th. B. Riley raised Motorcar Parts of America from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research note on Thursday.

Several institutional investors have recently modified their holdings of the stock. Aperio Group LLC purchased a new position in shares of Motorcar Parts of America during the first quarter valued at about $261,000. Prudential Financial Inc. boosted its position in shares of Motorcar Parts of America by 3.3% in the first quarter. Prudential Financial Inc. now owns 44,300 shares of the company’s stock valued at $1,683,000 after buying an additional 1,400 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in shares of Motorcar Parts of America by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 466,025 shares of the company’s stock valued at $17,700,000 after buying an additional 7,266 shares during the period. Wellington Management Group LLP boosted its position in shares of Motorcar Parts of America by 1.9% in the first quarter. Wellington Management Group LLP now owns 699,502 shares of the company’s stock valued at $26,566,000 after buying an additional 12,900 shares during the period. Finally, Kennedy Capital Management Inc. boosted its position in shares of Motorcar Parts of America by 50.6% in the first quarter. Kennedy Capital Management Inc. now owns 150,174 shares of the company’s stock valued at $5,704,000 after buying an additional 50,472 shares during the period.

Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 26.54 on Tuesday. The stock has a 50 day moving average price of $26.74 and a 200 day moving average price of $28.32. Motorcar Parts of America has a 12 month low of $21.75 and a 12 month high of $40.60. The stock has a market capitalization of $495.37 million, a P/E ratio of 19.27 and a beta of 1.73.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.06. The business had revenue of $108.80 million for the quarter, compared to the consensus estimate of $106.11 million. Motorcar Parts of America had a return on equity of 18.58% and a net margin of 6.92%. The business’s revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. On average, analysts anticipate that Motorcar Parts of America will post $2.34 EPS for the current fiscal year.

About Motorcar Parts of America

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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