Motorcar Parts of America, Inc. (NASDAQ:MPAA) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

MPAA has been the subject of a number of other research reports. BidaskClub downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $39.00 target price on shares of Motorcar Parts of America in a research note on Monday, June 12th. TheStreet downgraded shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Monday, August 28th. Roth Capital set a $32.00 target price on shares of Motorcar Parts of America and gave the stock a “buy” rating in a research note on Sunday, August 20th. Finally, Zacks Investment Research downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Motorcar Parts of America has a consensus rating of “Buy” and a consensus target price of $34.75.

Shares of Motorcar Parts of America (MPAA) opened at 27.09 on Friday. Motorcar Parts of America has a 12-month low of $21.75 and a 12-month high of $31.57. The firm’s 50-day moving average price is $26.78 and its 200-day moving average price is $28.38. The stock has a market cap of $504.82 million, a price-to-earnings ratio of 14.04 and a beta of 0.94.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The business had revenue of $95.06 million during the quarter, compared to the consensus estimate of $93.60 million. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, analysts forecast that Motorcar Parts of America will post $2.38 EPS for the current fiscal year.

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In related news, VP Douglas Earl Schooner sold 1,192 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $28.57, for a total transaction of $34,055.44. Following the completion of the transaction, the vice president now owns 4,235 shares in the company, valued at $120,993.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $82,470. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,531 shares of company stock valued at $267,616. Insiders own 4.40% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in shares of Motorcar Parts of America by 533.9% in the second quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock worth $23,584,000 after buying an additional 703,390 shares during the period. Ashford Capital Management Inc. bought a new stake in shares of Motorcar Parts of America during the second quarter worth $11,330,000. Vanguard Group Inc. boosted its stake in shares of 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 period. Northpointe Capital LLC boosted its stake in shares of 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 period. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Motorcar Parts of America during the first quarter worth $4,291,000.

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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