Motorcar Parts of America Inc. (NASDAQ:MPAA) shot up 1.5% during mid-day trading on Wednesday . The stock traded as high as $28.67 and last traded at $28.57, with a volume of 71,643 shares. The stock had previously closed at $28.14.

Several research firms have recently issued reports on MPAA. B. Riley lowered shares of Motorcar Parts of America from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a report on Wednesday, August 10th. TheStreet downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th. Zacks Investment Research downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Motorcar Parts of America in a research note on Wednesday, June 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.83.

The firm has a market cap of $539.06 million and a price-to-earnings ratio of 34.324. The company’s 50-day moving average price is $27.86 and its 200-day moving average price is $31.65.

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

In related news, Director Philip Gay sold 3,000 shares of the company’s 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 sale, the director now owns 4,184 shares of the company’s stock, valued at $126,984.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joffe Selwyn sold 75,000 shares of the company’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 completion of the sale, 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 large investors have recently made changes to their positions in MPAA. Pear Tree Advisors Inc. purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth about $1,461,000. Marshall Wace LLP purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth about $4,652,000. Finally, Wells Fargo & Company MN raised its stake in shares of 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.

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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