Motorcar Parts of America, Inc. (NASDAQ:MPAA) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

Several other research analysts have also recently commented on the company. B. Riley reissued a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research report on Monday, June 12th. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Roth Capital set a $31.00 price target on Motorcar Parts of America and gave the company a “buy” rating in a research report on Tuesday, June 13th. FBR & Co reissued an “outperform” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research report on Tuesday, July 18th. Finally, ValuEngine cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $35.75.

Shares of Motorcar Parts of America (MPAA) traded down 0.46% on Tuesday, hitting $25.82. The company had a trading volume of 88,216 shares. The firm has a 50 day moving average of $27.84 and a 200-day moving average of $28.51. The firm has a market capitalization of $481.57 million, a P/E ratio of 13.38 and a beta of 0.94. Motorcar Parts of America has a 12-month low of $21.75 and a 12-month high of $34.73.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Wednesday, June 14th. The auto parts company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.02. The firm had revenue of $114.90 million for the quarter, compared to analyst estimates of $113.56 million. Motorcar Parts of America had a return on equity of 18.59% and a net margin of 8.92%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. On average, equities analysts predict that Motorcar Parts of America will post $2.40 EPS for the current year.

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In related news, Director Rudolph J. Borneo sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total transaction of $82,470.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $82,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Douglas Earl Schooner sold 4,834 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $28.27, for a total value of $136,657.18. Following the transaction, the vice president now directly owns 10,261 shares of the company’s stock, valued at $290,078.47. The disclosure for this sale can be found here. Insiders have sold 9,531 shares of company stock valued at $267,616 over the last three months. Insiders own 4.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MPAA. Vanguard Group Inc. boosted its stake in Motorcar Parts of America by 24.2% in the first quarter. Vanguard Group Inc. now owns 993,275 shares of the auto parts company’s stock worth $30,523,000 after buying an additional 193,579 shares during the last quarter. Northpointe Capital LLC boosted its stake in Motorcar Parts of America by 268.7% in the second quarter. Northpointe Capital LLC now owns 254,344 shares of the auto parts company’s stock worth $7,183,000 after buying an additional 185,363 shares during the last quarter. River Road Asset Management LLC boosted its stake in Motorcar Parts of America by 20.1% in the first quarter. River Road Asset Management LLC now owns 1,038,723 shares of the auto parts company’s stock worth $31,920,000 after buying an additional 173,680 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Motorcar Parts of America during the first quarter worth about $4,291,000. Finally, Ameriprise Financial Inc. boosted its stake in Motorcar Parts of America by 9.2% in the first quarter. Ameriprise Financial Inc. now owns 1,416,761 shares of the auto parts company’s stock worth $43,538,000 after buying an additional 119,322 shares during the last quarter.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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