Motorcar Parts of America, Inc. (NASDAQ:MPAA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “Mototcar Parts & Accessories Inc. is a leading manufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. The company’s full line of alternators and starters are remanufactured for vehicles imported from Japan, Germany, Sweden, France and Korea. The imported vehicles for which the company remanufactures alternators and starters also include vehicles produced by GM, Chrysler and Ford. The company also assembles and distributes ignition wire sets for imported and domestic cars and light trucks. “

A number of other research firms also recently weighed in on MPAA. Roth Capital reaffirmed a “buy” rating and issued a $31.00 price target (down from $35.00) on shares of Motorcar Parts of America in a research note on Thursday. B. Riley reaffirmed a “buy” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research note on Sunday, February 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Motorcar Parts of America presently has an average rating of “Hold” and an average target price of $37.00.

Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 28.92 on Friday. Motorcar Parts of America has a 52 week low of $21.75 and a 52 week high of $38.78. The firm has a market cap of $540.60 million, a PE ratio of 18.75 and a beta of 1.74. The firm’s 50-day moving average price is $27.21 and its 200 day moving average price is $27.24.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.07. Motorcar Parts of America had a net margin of 7.43% and a return on equity of 18.61%. The business had revenue of $112.60 million for the quarter, compared to the consensus estimate of $100.80 million. During the same period in the prior year, the business posted $0.52 earnings per share. Motorcar Parts of America’s revenue for the quarter was up 19.8% compared to the same quarter last year. Equities analysts anticipate that Motorcar Parts of America will post $2.36 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Motorcar Parts of America during the fourth quarter valued at approximately $11,111,000. Ameriprise Financial Inc. increased its position in Motorcar Parts of America by 25.3% in the third quarter. Ameriprise Financial Inc. now owns 1,499,478 shares of the company’s stock valued at $43,154,000 after buying an additional 303,149 shares during the last quarter. BlackRock Fund Advisors increased its position in Motorcar Parts of America by 8.0% in the third quarter. BlackRock Fund Advisors now owns 1,308,790 shares of the company’s stock valued at $37,667,000 after buying an additional 96,509 shares during the last quarter. River Road Asset Management LLC increased its position in Motorcar Parts of America by 13.0% in the third quarter. River Road Asset Management LLC now owns 825,143 shares of the company’s stock valued at $23,748,000 after buying an additional 95,181 shares during the last quarter. Finally, FMR LLC increased its position in Motorcar Parts of America by 10.7% in the fourth quarter. FMR LLC now owns 975,949 shares of the company’s stock valued at $26,273,000 after buying an additional 94,150 shares during the last quarter.

About Motorcar Parts of America

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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