Motorcar Parts of America Inc. (NASDAQ:MPAA) was down 3.1% during trading on Tuesday . The stock traded as low as $28.12 and last traded at $28.17, with a volume of 107,078 shares. The stock had previously closed at $29.06.

Several equities research analysts have recently commented on MPAA shares. Roth Capital reiterated a “buy” rating on shares of Motorcar Parts of America in a research report on Wednesday, June 15th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research report on Friday. TheStreet cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Finally, B. Riley cut shares of Motorcar Parts of America from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Motorcar Parts of America presently has a consensus rating of “Buy” and an average target price of $40.83.

The stock has a market cap of $524.25 million and a price-to-earnings ratio of 33.38. The firm has a 50-day moving average of $27.85 and a 200-day moving average of $31.65.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The firm had revenue of $85.40 million for the quarter, compared to the consensus estimate of $89.72 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Motorcar Parts of America Inc. will post $2.36 earnings per share for the current fiscal year.

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

Several hedge funds and institutional investors recently bought and sold shares of MPAA. Pear Tree Advisors Inc. bought a new position in Motorcar Parts of America during the fourth quarter worth approximately $1,461,000. Marshall Wace LLP bought a new position in Motorcar Parts of America during the fourth quarter worth approximately $4,652,000. Finally, Wells Fargo & Company MN boosted 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 period.

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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