Zacks Investment Research downgraded shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) from a buy rating to a hold rating in a report released on Thursday.

According to Zacks, “Mototcar Parts & Accessories Inc. is a leading manufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. The company’s full line of alternators and starters are remanufactured for vehicles imported from Japan, Germany, Sweden, France and Korea. The imported vehicles for which the company remanufactures alternators and starters also include vehicles produced by GM, Chrysler and Ford. The company also assembles and distributes ignition wire sets for imported and domestic cars and light trucks. “

Several other analysts also recently weighed in on the company. ValuEngine downgraded Motorcar Parts of America from a buy rating to a hold rating in a research report on Friday, June 2nd. BidaskClub upgraded Motorcar Parts of America from a sell rating to a hold rating in a research report on Wednesday, July 19th. Roth Capital set a $31.00 price objective on Motorcar Parts of America and gave the company a buy rating in a research report on Tuesday, June 13th. FBR & Co reiterated an outperform rating and issued a $39.00 price objective on shares of Motorcar Parts of America in a research report on Tuesday, July 18th. Finally, TheStreet downgraded Motorcar Parts of America from a b- rating to a c rating in a research report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $35.00.

Motorcar Parts of America (NASDAQ MPAA) traded down 0.88% on Thursday, hitting $27.07. The stock had a trading volume of 74,195 shares. The company has a 50-day moving average price of $26.40 and a 200-day moving average price of $28.25. Motorcar Parts of America has a 1-year low of $21.75 and a 1-year high of $31.57. The stock has a market capitalization of $504.45 million, a price-to-earnings ratio of 14.03 and a beta of 0.95.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. The company 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 quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Equities analysts predict that Motorcar Parts of America will post $2.38 earnings per share 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 business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $28.57, for a total value of $34,055.44. Following the completion of the sale, the vice president now owns 4,235 shares in the company, valued at $120,993.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $27.49, for a total value of $82,470.00. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at approximately $82,470. The disclosure for this sale can be found here. Insiders sold 9,531 shares of company stock valued at $267,616 in the last quarter. Corporate insiders own 4.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of MPAA. Louisiana State Employees Retirement System increased its stake in shares of Motorcar Parts of America by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the auto parts company’s stock valued at $234,000 after buying an additional 100 shares during the period. Wells Fargo & Company MN increased its stake in shares of Motorcar Parts of America by 4.1% during the first quarter. Wells Fargo & Company MN now owns 335,211 shares of the auto parts company’s stock valued at $10,301,000 after buying an additional 13,048 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Motorcar Parts of America by 6.6% during the first quarter. Great West Life Assurance Co. Can now owns 26,840 shares of the auto parts company’s stock valued at $824,000 after buying an additional 1,667 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Motorcar Parts of America by 13.4% during 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. Finally, Karp Capital Management Corp purchased a new position in shares of Motorcar Parts of America during the first quarter valued at approximately $297,000.

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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