Motorcar Parts of America, Inc. (MPAA) CEO Purchases $105,000.00 in Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO Joffe Selwyn acquired 5,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 140,271 shares of the company’s stock, valued at approximately $2,945,691. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Motorcar Parts of America, Inc. (NASDAQ MPAA) opened at $23.90 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.74 and a debt-to-equity ratio of 0.05. Motorcar Parts of America, Inc. has a one year low of $20.73 and a one year high of $31.57. The firm has a market cap of $469.03, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 earnings per share for the quarter, missing the Zacks’ 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 13.00%. The company had revenue of $100.10 million during the quarter, compared to the consensus estimate of $113.46 million. During the same period in the previous year, the firm posted $0.60 EPS. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. equities research analysts expect that Motorcar Parts of America, Inc. will post 1.81 EPS for the current year.

Motorcar Parts of America declared that its Board of Directors has authorized a share buyback plan on Friday, February 9th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in Motorcar Parts of America in the fourth quarter valued at approximately $200,000. HBK Investments L P bought a new position in Motorcar Parts of America in the fourth quarter valued at approximately $240,000. Goldman Sachs Group Inc. lifted its stake in Motorcar Parts of America by 64.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 51,995 shares of the auto parts company’s stock valued at $1,299,000 after buying an additional 20,298 shares in the last quarter. Brandywine Global Investment Management LLC bought a new position in Motorcar Parts of America in the fourth quarter valued at approximately $277,000. Finally, Kennedy Capital Management Inc. lifted its stake in Motorcar Parts of America by 9.4% in the fourth quarter. Kennedy Capital Management Inc. now owns 694,993 shares of the auto parts company’s stock valued at $17,368,000 after buying an additional 59,767 shares in the last quarter.

A number of brokerages recently issued reports on MPAA. Roth Capital set a $26.00 price objective on shares of Motorcar Parts of America and gave the company a “buy” rating in a report on Monday. B. Riley restated a “buy” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a report on Monday. Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. BidaskClub cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, ValuEngine cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.00.

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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.

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