Motorcar Parts of America, Inc. (NASDAQ:MPAA) announced its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04, Briefing.com reports. The firm had revenue of $95.06 million for the quarter, compared to the consensus estimate of $93.60 million. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS.

Motorcar Parts of America (MPAA) traded down 0.64% during mid-day trading on Friday, reaching $24.74. 124,677 shares of the company were exchanged. Motorcar Parts of America has a 12-month low of $21.75 and a 12-month high of $31.57. The company’s 50 day moving average price is $27.24 and its 200-day moving average price is $28.42. The stock has a market capitalization of $461.03 million, a price-to-earnings ratio of 12.82 and a beta of 0.94.

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

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake 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 worth $10,074,000 after buying an additional 22,181 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Motorcar Parts of America by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 843,857 shares of the auto parts company’s stock worth $22,716,000 after buying an additional 18,233 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Motorcar Parts of America by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,040 shares of the auto parts company’s stock worth $270,000 after buying an additional 500 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Motorcar Parts of America during the fourth quarter worth approximately $552,000. Finally, Foundry Partners LLC acquired a new stake in shares of Motorcar Parts of America during the first quarter worth approximately $2,481,000.

Several research analysts have recently issued reports on MPAA shares. Zacks Investment Research downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. B. Riley restated a “buy” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a report on Saturday, June 17th. Finally, FBR & Co restated an “outperform” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.25.

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.

Earnings History for Motorcar Parts of America (NASDAQ:MPAA)

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