Analysts expect that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will post $113.53 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Motorcar Parts of America’s earnings. The lowest sales estimate is $112.90 million and the highest is $114.16 million. Motorcar Parts of America reported sales of $108.84 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The business is expected to announce its next earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Motorcar Parts of America will report full-year sales of $113.53 million for the current financial year, with estimates ranging from $460.40 million to $465.50 million. For the next financial year, analysts expect that the company will post sales of $502.55 million per share, with estimates ranging from $497.60 million to $507.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Motorcar Parts of America.

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 (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $95.06 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share.

Several equities research analysts recently weighed in on MPAA shares. Zacks Investment Research downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. ValuEngine downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. B. Riley reaffirmed a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research report on Saturday, June 17th. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.33.

Motorcar Parts of America (NASDAQ MPAA) traded up 0.22% during trading on Monday, hitting $26.98. The stock had a trading volume of 18,570 shares. The stock’s 50-day moving average price is $27.63 and its 200-day moving average price is $28.46. Motorcar Parts of America has a 1-year low of $21.75 and a 1-year high of $31.57. The company has a market capitalization of $502.77 million, a P/E ratio of 13.98 and a beta of 0.94.

In other Motorcar Parts of America news, Director Rudolph J. Borneo sold 3,000 shares of Motorcar Parts of America 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Douglas Earl Schooner sold 1,192 shares of Motorcar Parts of America 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 sale, the vice president now directly owns 4,235 shares of the company’s stock, valued at approximately $120,993.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,531 shares of company stock valued at $267,616. 4.40% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in shares of Motorcar Parts of America by 1.4% in the second quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after buying an additional 68 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Motorcar Parts of America by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the auto parts company’s stock worth $234,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Motorcar Parts of America by 1.0% in the first quarter. Arizona State Retirement System now owns 9,700 shares of the auto parts company’s stock worth $298,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Motorcar Parts of America by 0.8% in the second quarter. Texas Permanent School Fund now owns 13,649 shares of the auto parts company’s stock worth $385,000 after buying an additional 114 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Motorcar Parts of America by 0.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,740 shares of the auto parts company’s stock worth $530,000 after buying an additional 140 shares during the last quarter.

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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.

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

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