Motorcar Parts of America Inc. (NASDAQ:MPAA) shot up 3.1% during mid-day trading on Thursday . The company traded as high as $27.77 and last traded at $26.92, with a volume of 197,427 shares. The stock had previously closed at $26.10.

A number of brokerages recently issued reports on MPAA. CL King began coverage on Motorcar Parts of America in a research report on Monday, March 14th. They set a “buy” rating and a $44.00 price target on the stock. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. B. Riley reissued a “buy” rating and set a $37.00 price target on shares of Motorcar Parts of America in a research report on Saturday, June 18th. TheStreet downgraded Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Finally, Roth Capital reissued a “buy” rating on shares of Motorcar Parts of America in a research report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.67.

The firm has a 50 day moving average of $28.85 and a 200-day moving average of $32.71. The firm has a market capitalization of $500.23 million and a PE ratio of 49.07.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Tuesday, June 14th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.03. The business had revenue of $100.90 million for the quarter. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, equities analysts anticipate that Motorcar Parts of America Inc. will post $2.21 EPS for the current fiscal year.

In related news, CEO Joffe Selwyn sold 75,000 shares of Motorcar Parts of America stock in a transaction that occurred on Monday, June 20th. The shares were sold at an average price of $30.50, for a total value of $2,287,500.00. Following the sale, the chief executive officer now owns 203,894 shares of the company’s stock, valued at approximately $6,218,767. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip Gay sold 3,000 shares of Motorcar Parts of America stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $30.35, for a total transaction of $91,050.00. Following the completion of the sale, the director now directly owns 4,184 shares in the company, valued at approximately $126,984.40. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Motorcar Parts of America by 7.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 816,519 shares of the company’s stock worth $27,607,000 after buying an additional 56,429 shares in the last quarter. Marshall Wace LLP acquired a new position in Motorcar Parts of America during the fourth quarter worth $4,652,000. Turner Investments L.P. raised its position in Motorcar Parts of America by 21.4% in the fourth quarter. Turner Investments L.P. now owns 34,000 shares of the company’s stock worth $1,150,000 after buying an additional 6,000 shares in the last quarter. Wells Fargo & Company MN raised its position in Motorcar Parts of America by 3.4% in the fourth quarter. Wells Fargo & Company MN now owns 910,377 shares of the company’s stock worth $30,780,000 after buying an additional 29,936 shares in the last quarter. Finally, Morgan Stanley raised its position in Motorcar Parts of America by 73.9% in the fourth quarter. Morgan Stanley now owns 81,616 shares of the company’s stock worth $2,760,000 after buying an additional 34,680 shares in the last quarter.

Motorcar Parts of America, Inc (MPA) is a manufacturer, remanufacturer and distributor of aftermarket automotive parts for import and domestic cars, light trucks, heavy duty, agricultural and industrial applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES).

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