Motorcar Parts of America, Inc. (NASDAQ:MPAA) issued its quarterly earnings results on Wednesday. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04, Briefing.com reports. Motorcar Parts of America had a net margin of 8.92% and a return on equity of 18.59%. The business had revenue of $95.06 million for the quarter, compared to analyst estimates of $93.60 million. During the same period in the previous year, the business posted $0.52 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year.

Shares of Motorcar Parts of America (NASDAQ:MPAA) traded down 1.20% on Thursday, reaching $27.19. 15,572 shares of the company’s stock traded hands. Motorcar Parts of America has a 52 week low of $21.75 and a 52 week high of $31.57. The firm has a market capitalization of $507.12 million, a price-to-earnings ratio of 14.09 and a beta of 0.94. The company has a 50 day moving average price of $27.68 and a 200 day moving average price of $28.47.

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A number of brokerages have recently issued reports on MPAA. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. B. Riley reiterated a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research note on Monday, June 12th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. BidaskClub upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, FBR & Co reiterated an “outperform” rating and set a $39.00 price target on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.75.

In related news, Director Rudolph J. Borneo sold 3,000 shares of Motorcar Parts of America stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $27.49, for a total value of $82,470.00. Following the sale, the director now directly owns 3,000 shares in the company, valued at approximately $82,470. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Douglas Earl Schooner sold 1,192 shares of Motorcar Parts of America stock in a transaction dated 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 sale, the vice president now owns 4,235 shares in the company, valued at $120,993.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,531 shares of company stock worth $267,616. 4.40% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MPAA. Bank of Montreal Can boosted its position in Motorcar Parts of America by 1.4% in the second quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock valued at $138,000 after buying an additional 68 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Motorcar Parts of America by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the auto parts company’s stock valued at $234,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its position in Motorcar Parts of America by 1.0% in the first quarter. Arizona State Retirement System now owns 9,700 shares of the auto parts company’s stock valued at $298,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its position in Motorcar Parts of America by 0.8% in the second quarter. Texas Permanent School Fund now owns 13,649 shares of the auto parts company’s stock valued at $385,000 after buying an additional 114 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its position in Motorcar Parts of America by 0.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,740 shares of the auto parts company’s stock valued at $530,000 after buying an additional 140 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.

Earnings History for Motorcar Parts of America (NASDAQ:MPAA)

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