Roth Capital set a $32.00 target price on Motorcar Parts of America, Inc. (NASDAQ:MPAA) in a research note published on Sunday morning. The brokerage currently has a buy rating on the auto parts company’s stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Motorcar Parts of America from a hold rating to a sell rating in a research report on Tuesday, June 13th. ValuEngine lowered shares of Motorcar Parts of America from a buy rating to a hold rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Motorcar Parts of America from a sell rating to a hold rating in a research report on Wednesday, July 19th. FBR & Co restated an outperform rating and issued a $39.00 price objective on shares of Motorcar Parts of America in a research report on Tuesday, July 18th. Finally, B. Riley restated a buy rating and issued a $39.00 price objective on shares of Motorcar Parts of America in a research report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $34.50.

Motorcar Parts of America (NASDAQ:MPAA) traded up 1.25% during mid-day trading on Friday, reaching $25.05. 75,727 shares of the company’s stock were exchanged. The stock has a market cap of $466.81 million, a price-to-earnings ratio of 12.98 and a beta of 0.94. The company has a 50-day moving average of $27.24 and a 200-day moving average of $28.42. Motorcar Parts of America has a 52-week low of $21.75 and a 52-week high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last issued its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $95.06 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. Equities research analysts anticipate that Motorcar Parts of America will post $2.38 earnings per share for the current year.

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In other Motorcar Parts of America news, Director Rudolph J. Borneo sold 3,000 shares of Motorcar Parts of America stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $27.49, for a total transaction of $82,470.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at $82,470. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Douglas Earl Schooner sold 4,834 shares of Motorcar Parts of America stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $28.27, for a total transaction of $136,657.18. Following the sale, the vice president now owns 10,261 shares of the company’s stock, valued at $290,078.47. The disclosure for this sale can be found here. Insiders sold 9,531 shares of company stock valued at $267,616 over the last 90 days. 4.40% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in MPAA. Credit Agricole S A bought a new stake in shares of Motorcar Parts of America during the first quarter valued at about $317,000. Victory Capital Management Inc. bought a new stake in shares of Motorcar Parts of America during the first quarter valued at about $106,000. BNP Paribas Arbitrage SA raised its stake in shares of Motorcar Parts of America by 13.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock valued at $107,000 after buying an additional 412 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Motorcar Parts of America by 46.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock valued at $109,000 after buying an additional 1,124 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Motorcar Parts of America by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock valued at $103,000 after buying an additional 1,594 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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