Several brokerages have updated their recommendations and price targets on shares of Motorcar Parts of America (NASDAQ: MPAA) in the last few weeks:

  • 8/8/2017 – Motorcar Parts of America was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/25/2017 – Motorcar Parts of America was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/19/2017 – Motorcar Parts of America was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/18/2017 – Motorcar Parts of America had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $39.00 price target on the stock.
  • 7/8/2017 – Motorcar Parts of America was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/17/2017 – Motorcar Parts of America had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $39.00 price target on the stock.
  • 6/13/2017 – Motorcar Parts of America was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 6/13/2017 – Motorcar Parts of America was given a new $31.00 price target on by analysts at Roth Capital. They now have a “buy” rating on the stock.
  • 6/12/2017 – Motorcar Parts of America had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $39.00 price target on the stock.

Motorcar Parts of America, Inc. (NASDAQ MPAA) traded down 0.08% during mid-day trading on Tuesday, hitting $25.92. The stock had a trading volume of 154,872 shares. Motorcar Parts of America, Inc. has a 12-month low of $21.75 and a 12-month high of $34.73. The stock has a market cap of $483.43 million, a price-to-earnings ratio of 13.43 and a beta of 0.94. The company has a 50-day moving average of $27.74 and a 200-day moving average of $28.46.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Wednesday, June 14th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business 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 18.59% and a net margin of 8.92%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.50 earnings per share. On average, analysts anticipate that Motorcar Parts of America, Inc. will post $2.40 earnings per share for the current fiscal year.

In other 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 transaction of $34,055.44. Following the completion of the transaction, the vice president now directly owns 4,235 shares in the company, valued at $120,993.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rudolph J. Borneo sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total value of $82,470.00. Following the transaction, the director now 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 quarter, insiders have sold 9,531 shares of company stock valued at $267,616. Insiders own 4.40% of the company’s stock.

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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