Shares of Motorcar Parts of America Inc. (NASDAQ:MPAA) were down 4.7% during trading on Tuesday . The stock traded as low as $26.70 and last traded at $26.91, with a volume of 66,081 shares changing hands. The stock had previously closed at $28.24.

Several analysts have recently commented on MPAA shares. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, April 13th. Roth Capital restated a “buy” rating on shares of Motorcar Parts of America in a research report on Tuesday, June 7th. B. Riley restated a “buy” rating and set a $37.00 target price on shares of Motorcar Parts of America in a research report on Monday, June 13th. Finally, TheStreet lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Motorcar Parts of America has an average rating of “Buy” and a consensus target price of $42.67.

The firm’s 50-day moving average price is $28.15 and its 200 day moving average price is $31.89. The company has a market cap of $495.04 million and a P/E ratio of 48.56.

Motorcar Parts of America (NASDAQ:MPAA) last released 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 business had revenue of $100.90 million for the quarter. Motorcar Parts of America’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. Equities research analysts expect that Motorcar Parts of America Inc. will post $2.21 earnings per share for the current year.

In other Motorcar Parts of America news, CEO Joffe Selwyn sold 75,000 shares of the business’s stock in a transaction dated Monday, June 20th. The shares were sold at an average price of $30.50, for a total transaction of $2,287,500.00. Following the sale, the chief executive officer now directly owns 203,894 shares in the company, valued at approximately $6,218,767. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip Gay sold 3,000 shares of the business’s 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 sale, the director now owns 4,184 shares in the company, valued at $126,984.40. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in MPAA. Pear Tree Advisors Inc. acquired a new stake in Motorcar Parts of America during the fourth quarter worth approximately $1,461,000. Marshall Wace LLP acquired a new stake in Motorcar Parts of America during the fourth quarter worth approximately $4,652,000. Turner Investments L.P. increased its stake 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 increased its stake 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, California State Teachers Retirement System increased its stake in Motorcar Parts of America by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 33,307 shares of the company’s stock worth $1,126,000 after buying an additional 500 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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