Vanguard Group Inc. boosted its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 1.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,005,058 shares of the auto parts company’s stock after buying an additional 11,783 shares during the quarter. Vanguard Group Inc. owned approximately 5.39% of Motorcar Parts of America worth $28,383,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its holdings in Motorcar Parts of America by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock worth $103,000 after purchasing an additional 1,594 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Motorcar Parts of America by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 608 shares in the last quarter. Bank of Montreal Can raised its holdings in Motorcar Parts of America by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after purchasing an additional 68 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Motorcar Parts of America by 57.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 2,001 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new position in Motorcar Parts of America in the 2nd quarter worth $221,000.

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at $25.50 on Friday. The firm has a market cap of $486.29, a PE ratio of 12.94, a PEG ratio of 0.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.86 and a quick ratio of 0.21. Motorcar Parts of America, Inc. has a 1 year low of $24.13 and a 1 year high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). The business had revenue of $111.77 million during the quarter, compared to analysts’ expectations of $112.83 million. Motorcar Parts of America had a return on equity of 15.55% and a net margin of 8.03%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 earnings per share. research analysts anticipate that Motorcar Parts of America, Inc. will post 2.32 earnings per share for the current fiscal year.

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MPAA has been the subject of several research reports. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Roth Capital set a $32.00 price objective on shares of Motorcar Parts of America and gave the stock a “buy” rating in a report on Sunday, August 20th. Zacks Investment Research lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Monday, August 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.50.

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.

Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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