Motorcar Parts of America, Inc. (NASDAQ:MPAA) released its quarterly earnings results on Wednesday. The auto parts company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by $0.02, Briefing.com reports. The firm had revenue of $114.90 million for the quarter, compared to analyst estimates of $113.56 million. Motorcar Parts of America had a return on equity of 18.61% and a net margin of 7.43%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $0.50 EPS.

Motorcar Parts of America (NASDAQ:MPAA) traded down 1.40% on Wednesday, hitting $28.10. The stock had a trading volume of 594,649 shares. Motorcar Parts of America has a 12-month low of $21.75 and a 12-month high of $34.73. The company has a market cap of $525.27 million, a price-to-earnings ratio of 18.22 and a beta of 0.92. The company’s 50 day moving average price is $29.91 and its 200-day moving average price is $28.29.

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

In other news, Director Duane Franklin Miller sold 17,000 shares of Motorcar Parts of America stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $30.11, for a total value of $511,870.00. Following the transaction, the director now directly owns 13,690 shares in the company, valued at $412,205.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin Gerard Daly sold 8,101 shares of Motorcar Parts of America stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $28.83, for a total value of $233,551.83. The disclosure for this sale can be found here. Insiders own 4.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Foresters Investment Management Company Inc. raised its position in Motorcar Parts of America by 1.5% in the fourth quarter. Foresters Investment Management Company Inc. now owns 137,500 shares of the auto parts company’s stock worth $3,528,000 after buying an additional 2,000 shares during the last quarter. Polaris Capital Management LLC raised its position in Motorcar Parts of America by 94.0% in the fourth quarter. Polaris Capital Management LLC now owns 83,806 shares of the auto parts company’s stock worth $2,256,000 after buying an additional 40,600 shares during the last quarter. Renaissance Technologies LLC raised its position in Motorcar Parts of America by 78.7% in the fourth quarter. Renaissance Technologies LLC now owns 146,700 shares of the auto parts company’s stock worth $3,949,000 after buying an additional 64,600 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Motorcar Parts of America during the fourth quarter worth approximately $205,000. Finally, Trexquant Investment LP acquired a new position in Motorcar Parts of America during the fourth quarter worth approximately $289,000.

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Several research firms have commented on MPAA. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Tuesday. Roth Capital set a $31.00 target price on Motorcar Parts of America and gave the company a “buy” rating in a report on Tuesday. B. Riley reissued a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a report on Monday. Finally, ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $34.67.

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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