Analysts forecast that Motorcar Parts of America, Inc. (NASDAQ:MPAA) will post sales of $112.70 million for the current quarter, according to Zacks. Two analysts have made estimates for Motorcar Parts of America’s earnings, with the highest sales estimate coming in at $112.90 million and the lowest estimate coming in at $112.50 million. Motorcar Parts of America reported sales of $108.84 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The business is expected to announce its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that Motorcar Parts of America will report full-year sales of $112.70 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 business will report sales of $503.00 million per share, with estimates ranging from $497.60 million to $508.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Motorcar Parts of America.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $95.06 million for the quarter, compared to analysts’ expectations of $93.60 million. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share.

MPAA has been the topic of a number of recent analyst reports. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. B. Riley reiterated a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research note on Monday, June 12th. Roth Capital set a $31.00 target price on Motorcar Parts of America and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, BidaskClub lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.75.

Shares of Motorcar Parts of America (NASDAQ MPAA) opened at 26.27 on Friday. The company has a market cap of $489.54 million, a PE ratio of 13.61 and a beta of 0.94. Motorcar Parts of America has a 12-month low of $21.75 and a 12-month high of $31.57. The company has a 50-day moving average of $26.80 and a 200 day moving average of $28.38.

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

Several institutional investors have recently bought and sold shares of the company. Cadence Capital Management LLC increased its position in Motorcar Parts of America by 4.4% in the first quarter. Cadence Capital Management LLC now owns 47,151 shares of the auto parts company’s stock worth $1,449,000 after buying an additional 2,001 shares during the last quarter. FNY Partners Fund LP purchased a new position in Motorcar Parts of America during the first quarter worth about $230,000. B. Riley Financial Inc. increased its position in Motorcar Parts of America by 87.9% in the first quarter. B. Riley Financial Inc. now owns 18,663 shares of the auto parts company’s stock worth $574,000 after buying an additional 8,730 shares during the last quarter. Ameriprise Financial Inc. increased its position in Motorcar Parts of America by 9.2% in the first quarter. Ameriprise Financial Inc. now owns 1,416,761 shares of the auto parts company’s stock worth $43,538,000 after buying an additional 119,322 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in 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.

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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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