Motorcar Parts of America Inc. (NASDAQ:MPAA) shares traded 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 trading hands. The stock had previously closed at $26.10.

A number of research analysts have issued reports on the stock. B. Riley restated a “buy” rating and issued a $37.00 target price on shares of Motorcar Parts of America in a report on Monday, June 13th. Roth Capital restated a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, June 15th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Wednesday, April 13th. CL King assumed coverage on shares of Motorcar Parts of America in a report on Monday, March 14th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, TheStreet lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.67.

The company has a market capitalization of $506.72 million and a P/E ratio of 49.71. The company’s 50-day moving average price is $28.80 and its 200-day moving average price is $32.62.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Tuesday, June 14th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.03. The firm earned $100.90 million during the quarter. During the same quarter last year, the business earned $0.53 EPS. Motorcar Parts of America’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Motorcar Parts of America Inc. will post $2.21 earnings per share for the current year.

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

A number of hedge funds and institutional investors have recently 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 during the last quarter. Marshall Wace LLP purchased a new position in Motorcar Parts of America during the fourth quarter worth about $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 during 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 during 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 during 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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