Motorcar Parts of America, Inc. (NASDAQ:MPAA) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Monday.

A number of other brokerages have also weighed in on MPAA. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine downgraded Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. B. Riley restated a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research note on Saturday, June 17th. Finally, FBR & Co restated an “outperform” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $34.75.

Shares of Motorcar Parts of America (NASDAQ MPAA) traded down 0.46% during trading on Monday, hitting $25.70. 60,781 shares of the company were exchanged. Motorcar Parts of America has a 1-year low of $21.75 and a 1-year high of $31.57. The company has a 50 day moving average of $26.99 and a 200-day moving average of $28.41. The stock has a market capitalization of $478.92 million, a PE ratio of 13.32 and a beta of 0.94.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $95.06 million for 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%. The company’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. On average, analysts forecast that Motorcar Parts of America will post $2.38 earnings per share for the current year.

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In other Motorcar Parts of America news, VP Douglas Earl Schooner sold 1,192 shares of the 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 owns 4,235 shares of the company’s stock, valued at $120,993.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rudolph J. Borneo sold 3,000 shares of the 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 transaction, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $82,470. The disclosure for this sale can be found here. Insiders have sold 9,531 shares of company stock worth $267,616 in the last quarter. 4.40% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Credit Agricole S A purchased a new position in shares of Motorcar Parts of America during the first quarter worth approximately $317,000. Victory Capital Management Inc. purchased a new position in shares of Motorcar Parts of America during the first quarter worth approximately $106,000. BNP Paribas Arbitrage SA boosted its position in shares of 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. boosted its position in shares of 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 boosted its position in shares of 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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