TheStreet lowered shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) from a b- rating to a c rating in a research report report published on Monday.

MPAA has been the subject of several other research reports. Roth Capital set a $32.00 target price on Motorcar Parts of America and gave the stock a buy rating in a research note on Sunday, August 20th. Zacks Investment Research downgraded Motorcar Parts of America from a buy rating to a hold rating in a research note on Tuesday. ValuEngine downgraded Motorcar Parts of America from a buy rating to a hold rating in a research note on Friday, June 2nd. BidaskClub raised Motorcar Parts of America from a sell rating to a hold rating in a research note on Wednesday, July 19th. Finally, FBR & Co reissued an outperform rating and set a $39.00 target price on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $34.75.

Shares of Motorcar Parts of America (NASDAQ MPAA) opened at 26.27 on Monday. The company’s 50 day moving average is $26.80 and its 200-day moving average is $28.38. Motorcar Parts of America has a 12 month low of $21.75 and a 12 month high of $31.57. The firm has a market cap of $489.54 million, a PE ratio of 13.61 and a beta of 0.94.

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

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In other news, VP Douglas Earl Schooner sold 4,834 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $28.27, for a total transaction of $136,657.18. Following the sale, the vice president now directly owns 10,261 shares in the company, valued at $290,078.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $82,470. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,531 shares of company stock valued at $267,616. Insiders own 4.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Motorcar Parts of America by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock valued at $103,000 after buying an additional 1,594 shares during the period. Victory Capital Management Inc. purchased a new stake in Motorcar Parts of America during the first quarter valued at $106,000. BNP Paribas Arbitrage SA boosted its stake in Motorcar Parts of America by 13.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock valued at $107,000 after buying an additional 412 shares during the period. Envestnet Asset Management Inc. boosted its stake in Motorcar Parts of America by 46.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock valued at $109,000 after buying an additional 1,124 shares during the period. Finally, Mason Street Advisors LLC boosted its stake in Motorcar Parts of America by 7.2% in the first quarter. Mason Street Advisors LLC now owns 4,371 shares of the auto parts company’s stock valued at $134,000 after buying an additional 292 shares during the period.

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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