Motorcar Parts of America (NASDAQ:MPAA) has been assigned a $26.00 price target by analysts at Roth Capital in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the auto parts company’s stock. Roth Capital’s price target suggests a potential upside of 15.04% from the company’s previous close.

Several other equities research 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 report on Thursday, November 16th. BidaskClub upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a report on Saturday, December 16th. TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Tuesday, December 5th. ValuEngine downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, B. Riley reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Motorcar Parts of America in a research report on Monday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $34.00.

Shares of Motorcar Parts of America (MPAA) opened at $22.60 on Monday. Motorcar Parts of America has a twelve month low of $20.73 and a twelve month high of $31.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. The company has a market cap of $419.82, a PE ratio of 26.28, a PEG ratio of 0.48 and a beta of 0.99.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.15). Motorcar Parts of America had a net margin of 4.02% and a return on equity of 13.11%. 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 prior year, the firm posted $0.60 EPS. The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. sell-side analysts expect that Motorcar Parts of America will post 2.01 earnings per share for the current year.

Motorcar Parts of America declared that its Board of Directors has initiated a share repurchase program on Friday, February 9th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

In other news, CEO Joffe Selwyn acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $21.00 per share, with a total value of $105,000.00. Following the transaction, the chief executive officer now directly owns 140,271 shares in the company, valued at $2,945,691. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of MPAA. Schwab Charles Investment Management Inc. grew its position in shares of Motorcar Parts of America by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,426 shares of the auto parts company’s stock worth $2,385,000 after buying an additional 437 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Motorcar Parts of America by 10.4% in the 2nd quarter. Teachers Advisors LLC now owns 33,221 shares of the auto parts company’s stock worth $938,000 after buying an additional 3,134 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Motorcar Parts of America by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 49,111 shares of the auto parts company’s stock worth $1,387,000 after buying an additional 572 shares during the last quarter. Nationwide Fund Advisors grew its position in shares of Motorcar Parts of America by 100.4% in the 2nd quarter. Nationwide Fund Advisors now owns 27,945 shares of the auto parts company’s stock worth $789,000 after buying an additional 14,002 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in shares of Motorcar Parts of America by 7.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,290 shares of the auto parts company’s stock worth $319,000 after buying an additional 820 shares during the last quarter.

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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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