Motorcar Parts of America (MPAA) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Several other research analysts have also weighed in on MPAA. ValuEngine lowered Motorcar Parts of America from a buy rating to a hold rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Motorcar Parts of America from a strong sell rating to a hold rating in a report on Wednesday, January 17th. B. Riley restated a buy rating and issued a $39.00 price target on shares of Motorcar Parts of America in a report on Monday, February 12th. Finally, Roth Capital set a $26.00 price target on Motorcar Parts of America and gave the company a buy rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Motorcar Parts of America currently has a consensus rating of Hold and a consensus price target of $34.00.

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Shares of Motorcar Parts of America stock traded down $0.21 during midday trading on Thursday, hitting $21.41. 36,021 shares of the company were exchanged, compared to its average volume of 178,996. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.74 and a quick ratio of 0.18. The company has a market capitalization of $422.11, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.37 and a beta of 1.16. Motorcar Parts of America has a 52 week low of $20.11 and a 52 week high of $31.57.



Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). The company had revenue of $100.10 million for the quarter, compared to the consensus estimate of $113.46 million. Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. Motorcar Parts of America’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. equities analysts anticipate that Motorcar Parts of America will post 1.81 earnings per share for the current fiscal year.

Motorcar Parts of America announced that its board has initiated a share repurchase plan on Friday, February 9th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

In related news, CEO Joffe Selwyn bought 5,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $21.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the chief executive officer now owns 140,271 shares in the company, valued at $2,945,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 6,612 shares of company stock worth $140,356. 4.20% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Motorcar Parts of America by 3.7% in the fourth quarter. BlackRock Inc. now owns 2,439,954 shares of the auto parts company’s stock valued at $60,974,000 after acquiring an additional 88,097 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Motorcar Parts of America by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,171,965 shares of the auto parts company’s stock worth $34,526,000 after buying an additional 94,985 shares during the last quarter. River Road Asset Management LLC increased its position in Motorcar Parts of America by 4.6% during the fourth quarter. River Road Asset Management LLC now owns 944,797 shares of the auto parts company’s stock worth $23,610,000 after buying an additional 41,560 shares during the last quarter. Kennedy Capital Management Inc. increased its position in Motorcar Parts of America by 9.4% during the fourth quarter. Kennedy Capital Management Inc. now owns 694,993 shares of the auto parts company’s stock worth $17,368,000 after buying an additional 59,767 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in Motorcar Parts of America by 17.6% during the fourth quarter. Stephens Investment Management Group LLC now owns 401,313 shares of the auto parts company’s stock worth $10,029,000 after buying an additional 60,101 shares during the last quarter.

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Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.

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