Motorcar Parts of America (MPAA) Raised to “Sell” at BidaskClub

BidaskClub upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a strong sell rating to a sell rating in a research note released on Tuesday morning.

Several other research analysts also recently weighed in on the stock. Roth Capital set a $26.00 price target on shares of Motorcar Parts of America and gave the stock a buy rating in a research report on Monday, February 12th. B. Riley reiterated a buy rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research report on Monday, February 12th. Zacks Investment Research downgraded shares of Motorcar Parts of America from a hold rating to a sell rating in a research report on Thursday, February 8th. Finally, ValuEngine downgraded shares of Motorcar Parts of America from a buy rating to a hold rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $34.00.

MPAA opened at $22.01 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 0.74. Motorcar Parts of America has a 1-year low of $20.11 and a 1-year high of $31.57. The company has a market capitalization of $415.81, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.36 and a beta of 1.16.



Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. The business had revenue of $100.10 million during the quarter, compared to the consensus estimate of $113.46 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. The firm’s revenue was down 11.1% on a year-over-year basis. equities analysts anticipate that Motorcar Parts of America will post 1.81 EPS for the current year.

Motorcar Parts of America announced that its Board of Directors has approved a stock buyback plan on Friday, February 9th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other news, CEO Joffe Selwyn acquired 5,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $105,000.00. Following the transaction, the chief executive officer now directly owns 140,271 shares of the company’s stock, valued at $2,945,691. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 6,612 shares of company stock worth $140,356 over the last 90 days. Insiders own 4.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of Motorcar Parts of America by 16.0% during the 4th quarter. First Trust Advisors LP now owns 17,070 shares of the auto parts company’s stock valued at $427,000 after purchasing an additional 2,349 shares during the period. Aperio Group LLC raised its position in shares of Motorcar Parts of America by 24.4% during the 4th quarter. Aperio Group LLC now owns 13,985 shares of the auto parts company’s stock valued at $349,000 after purchasing an additional 2,739 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Motorcar Parts of America by 71.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,385 shares of the auto parts company’s stock valued at $276,000 after purchasing an additional 3,907 shares during the period. Kirr Marbach & Co. LLC IN raised its position in shares of Motorcar Parts of America by 2.1% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 192,833 shares of the auto parts company’s stock valued at $4,819,000 after purchasing an additional 3,947 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Motorcar Parts of America by 4.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 88,447 shares of the auto parts company’s stock valued at $2,606,000 after acquiring an additional 4,021 shares in the last quarter.

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About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.

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