Motorcar Parts of America, Inc. (NASDAQ:MPAA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other research firms also recently weighed in on MPAA. B. Riley reaffirmed a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research note on Monday, March 27th. ValuEngine downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. FBR & Co reaffirmed an “outperform” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research note on Tuesday. Finally, Roth Capital set a $31.00 price target on shares of Motorcar Parts of America and gave the stock a “buy” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $35.75.

Shares of Motorcar Parts of America (NASDAQ:MPAA) traded down 0.39% during mid-day trading on Wednesday, hitting $28.26. 98,794 shares of the stock were exchanged. The stock has a market cap of $527.08 million, a PE ratio of 14.64 and a beta of 0.95. Motorcar Parts of America has a one year low of $21.75 and a one year high of $34.73. The company has a 50-day moving average of $28.13 and a 200 day moving average of $28.53.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Wednesday, June 14th. The auto parts company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $114.90 million for the quarter, compared to analysts’ expectations of $113.56 million. Motorcar Parts of America had a return on equity of 16.11% and a net margin of 8.58%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, equities analysts predict that Motorcar Parts of America will post $2.42 earnings per share for the current year.

Motorcar Parts of America announced that its board has authorized a share buyback plan on Monday, March 27th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the auto parts company to repurchase up to 0.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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In related news, VP Douglas Earl Schooner sold 1,192 shares of the firm’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 completion of the sale, the vice president now directly owns 4,235 shares of the company’s stock, valued at approximately $120,993.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the firm’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 sale, the director now directly owns 3,000 shares of the company’s stock, valued at $82,470. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,531 shares of company stock valued at $267,616. Company insiders own 4.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MPAA. Credit Agricole S A purchased a new stake in Motorcar Parts of America during the first quarter worth $317,000. Victory Capital Management Inc. purchased a new stake in Motorcar Parts of America during the first quarter worth $106,000. BNP Paribas Arbitrage SA raised 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 worth $107,000 after buying an additional 412 shares during the last quarter. Envestnet Asset Management Inc. raised 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 worth $109,000 after buying an additional 1,124 shares during the last quarter. Finally, State of Alaska Department of Revenue raised 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 worth $103,000 after buying an additional 1,594 shares during the last quarter.

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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