Key Points
- Insider sale: SVP Jamie Leigh Cook sold 14,074 MPAA shares at an average price of $15.03, generating approximately $211,532. The transaction was disclosed in an SEC filing.
- Strong quarterly results: Motorcar Parts of America reported quarterly EPS of $0.42, exceeding the $0.33 consensus estimate, while revenue of $212.28 million surpassed expectations of $175.96 million.
- Investor outlook: Institutional investors own 83.48% of the company, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $19.00.
Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) SVP Jamie Leigh Cook sold 14,074 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $15.03, for a total value of $211,532.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Motorcar Parts of America Stock Up 1.3%
MPAA stock opened at $14.11 on Wednesday. The business has a 50 day moving average of $13.55 and a 200 day moving average of $12.13. The firm has a market cap of $266.96 million, a PE ratio of 25.66 and a beta of 1.14. Motorcar Parts of America, Inc. has a twelve month low of $9.29 and a twelve month high of $18.12. The company has a quick ratio of 0.47, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.
Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) last released its earnings results on Monday, June 8th. The auto parts company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.The business had revenue of $212.28 million for the quarter, compared to the consensus estimate of $175.96 million. During the same period in the previous year, the company posted ($0.04) earnings per share. On average, research analysts forecast that Motorcar Parts of America, Inc. will post 1.28 EPS for the current fiscal year.
Institutional Investors Weigh In On Motorcar Parts of America
Several large investors have recently bought and sold shares of the business. Empowered Funds LLC raised its position in Motorcar Parts of America by 10.1% in the 1st quarter. Empowered Funds LLC now owns 80,600 shares of the auto parts company's stock worth $891,000 after buying an additional 7,413 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Motorcar Parts of America by 165.7% during the 1st quarter. Bank of America Corp DE now owns 30,049 shares of the auto parts company's stock valued at $332,000 after acquiring an additional 18,741 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Motorcar Parts of America by 31.0% during the 1st quarter. Royal Bank of Canada now owns 72,839 shares of the auto parts company's stock valued at $805,000 after acquiring an additional 17,257 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Motorcar Parts of America during the 1st quarter valued at about $311,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Motorcar Parts of America by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,133,796 shares of the auto parts company's stock worth $12,540,000 after acquiring an additional 57,191 shares during the period. 83.48% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on MPAA shares. Weiss Ratings raised shares of Motorcar Parts of America from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded shares of Motorcar Parts of America from a "hold" rating to a "strong-buy" rating in a research note on Saturday, June 13th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Motorcar Parts of America in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Motorcar Parts of America presently has an average rating of "Moderate Buy" and an average target price of $19.00.
View Our Latest Stock Report on MPAA
Motorcar Parts of America Company Profile
(
Get Free Report)
Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company's product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.
In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
