Motorcar Parts of America, Inc. (NASDAQ:MPAA) – Equities researchers at FBR & Co decreased their Q3 2018 EPS estimates for Motorcar Parts of America in a research report issued to clients and investors on Monday. FBR & Co analyst C. Horn now expects that the auto parts company will earn $0.67 per share for the quarter, down from their previous estimate of $0.71. FBR & Co has a “Outperform” rating and a $39.00 price target on the stock. FBR & Co also issued estimates for Motorcar Parts of America’s FY2018 earnings at $2.35 EPS.

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

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MPAA has been the topic of a number of other reports. BidaskClub upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $28.00 price target on the stock in a research report on Wednesday, August 16th. B. Riley restated a “buy” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research report on Saturday, June 17th. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Roth Capital set a $31.00 price target on shares of Motorcar Parts of America and gave the company a “buy” rating in a research report on Tuesday, June 13th. One research 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. The company has a consensus rating of “Buy” and an average price target of $35.50.

Shares of Motorcar Parts of America (MPAA) traded up 0.70% during midday trading on Tuesday, hitting $28.89. 28,800 shares of the company’s stock traded hands. The company has a 50 day moving average price of $26.94 and a 200 day moving average price of $28.27. Motorcar Parts of America has a 1-year low of $21.75 and a 1-year high of $31.57. The firm has a market capitalization of $538.37 million, a price-to-earnings ratio of 14.97 and a beta of 0.98.

A number of large investors have recently added to or reduced their stakes in MPAA. Great West Life Assurance Co. Can boosted its position in Motorcar Parts of America by 6.6% in 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 in the last quarter. BNP Paribas Arbitrage SA boosted its position 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 in the last quarter. Karp Capital Management Corp acquired a new position in Motorcar Parts of America in the first quarter valued at about $297,000. Parametric Portfolio Associates LLC boosted its position in Motorcar Parts of America by 75.9% in the first quarter. Parametric Portfolio Associates LLC now owns 17,963 shares of the auto parts company’s stock valued at $552,000 after buying an additional 7,753 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its position in Motorcar Parts of America by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 17,429 shares of the auto parts company’s stock valued at $536,000 after buying an additional 2,630 shares in the last quarter.

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 and Estimates for Motorcar Parts of America (NASDAQ:MPAA)

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