Motorcar Parts of America (NASDAQ:MPAA) Stock Price Target Cut by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald cut its price target on Motorcar Parts of America from $20 to $18 but maintained an “overweight” rating; the new target implies 133% upside from the prior close.
• Analyst views are mixed: two rate the stock Buy and two Sell, giving MPAA a consensus “Hold” rating and an average price target of $18.
• MPAA’s latest quarter missed expectations, posting a $0.03-per-share loss versus a forecast profit of $0.39 and revenue of $169.22 million versus estimates of $201.22 million.

Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) had its price target decreased by research analysts at Cantor Fitzgerald from $20.00 to $18.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has an "overweight" rating on the auto parts company's stock. Cantor Fitzgerald's price objective points to a potential upside of 133.16% from the company's previous close.

MPAA has been the subject of several other research reports. Wall Street Zen lowered shares of Motorcar Parts of America from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 15th. Zacks Research downgraded shares of Motorcar Parts of America from a "hold" rating to a "strong sell" rating in a research note on Monday, October 12th. Weiss Ratings lowered shares of Motorcar Parts of America from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 25th. Finally, Raymond James Financial set a $16.00 price objective on shares of Motorcar Parts of America in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Motorcar Parts of America presently has a consensus rating of "Hold" and an average price target of $18.00.

Motorcar Parts of America Stock Performance

Shares of Motorcar Parts of America stock opened at $7.72 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.39 and a current ratio of 1.44. Motorcar Parts of America has a 12 month low of $7.65 and a 12 month high of $16.80. The stock's fifty day moving average price is $10.60 and its 200-day moving average price is $11.74.

Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) last released its quarterly earnings data on Monday, November 9th. The auto parts company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.42). Motorcar Parts of America had a negative net margin of 0.53% and a negative return on equity of 0.57%. The firm had revenue of $169.22 million during the quarter, compared to the consensus estimate of $201.22 million. On average, analysts expect that Motorcar Parts of America will post 0.19 earnings per share for the current year.

Hedge Funds Weigh In On Motorcar Parts of America

A number of large investors have recently added to or reduced their stakes in MPAA. Donald Smith & CO. Inc. bought a new stake in shares of Motorcar Parts of America in the 2nd quarter valued at about $18,965,000. Dimensional Fund Advisors LP raised its stake in shares of Motorcar Parts of America by 5.3% during the 1st 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 in the last quarter. BlackRock Inc. bought a new position in shares of Motorcar Parts of America during the 2nd quarter worth approximately $16,152,000. Empowered Funds LLC purchased a new stake in Motorcar Parts of America during the second quarter valued at approximately $1,326,000. Finally, Royal Bank of Canada lifted its position in Motorcar Parts of America by 31.0% during the first 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. 83.48% of the stock is currently owned by institutional investors.

More Motorcar Parts of America News

Here are the key news stories impacting Motorcar Parts of America this week:

• Positive Sentiment: The company cited $60 million in new annualized awards, which could support future sales growth. Article: Motorcar Parts of America expects fiscal 2027 net sales and cites new awards
• Negative Sentiment: Fiscal Q2 results fell short: MPAA reported a loss of $0.03 per share, versus estimates for a profit, while revenue of $169.22 million was below the roughly $201 million expected. The company also swung to a loss compared with earnings a year earlier. Article: Motorcar Parts Reports Q2 Loss and Lags Revenue Estimates
• Negative Sentiment: Fiscal 2027 revenue guidance of $715 million to $740 million is well below the $787.8 million analyst consensus, signaling a weaker near-term outlook and likely weighing on investor sentiment. Article: Motorcar Parts of America Fiscal 2027 Sales Outlook

About Motorcar Parts of America

Motorcar Parts of America, Inc is an automotive parts manufacturer, remanufacturer and distributor serving the North American aftermarket. The company supplies replacement components for passenger vehicles, light trucks and other applications through automotive retailers, distributors, warehouse distributors and e-commerce channels.

Its product portfolio includes rotating electrical products such as alternators and starters, as well as wheel hub assemblies and a range of braking products.

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