NASDAQ:MPAA - Motorcar Parts of America Stock Price, Price Target & More

Motorcar Parts of America trades on the NASDAQ under the ticker symbol "MPAA."

Motorcar Parts of America announced that its board has approved a stock repurchase program on Saturday, February 10th 2018, which allows the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) posted its earnings results on Thursday, June, 14th. The auto parts company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by $0.12. The auto parts company earned $121.10 million during the quarter, compared to analysts' expectations of $123.86 million. Motorcar Parts of America had a net margin of 3.81% and a return on equity of 12.45%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. View Motorcar Parts of America's Earnings History.

2 Wall Street analysts have issued 1 year price objectives for Motorcar Parts of America's stock. Their predictions range from $22.00 to $39.00. On average, they expect Motorcar Parts of America's stock price to reach $30.50 in the next twelve months. This suggests a possible upside of 47.3% from the stock's current price. View Analyst Ratings for Motorcar Parts of America.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Motorcar Parts of America in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Motorcar Parts of America include Gentherm (THRM), Standard Motor Products (SMP), Stoneridge (SRI), Modine Manufacturing (MOD), IOCHPE MAXION S/S (IOCJY), Lydall (LDL), Tower International (TOWR), Superior Industries International (SUP), Commercial Vehicle Group (CVGI), Horizon Global (HZN), China Automotive Systems (CAAS), Strattec Security (STRT), Sorl Auto Parts (SORL), China Zenix Auto International (ZX) and Adomani (ADOM).

Media headlines about MPAA stock have trended somewhat positive this week, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Motorcar Parts of America earned a coverage optimism score of 0.24 on Accern's scale. They also assigned media coverage about the auto parts company an impact score of 46.34 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

Motorcar Parts of America's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Foundry Partners LLC (1.61%), Kirr Marbach & Co. LLC IN (1.40%), North Star Investment Management Corp. (0.52%) and Municipal Employees Retirement System of Michigan (0.03%). Company insiders that own Motorcar Parts of America stock include David Bryan, Douglas Earl Schooner, Duane Franklin Miller, Jeffrey P Mirvis, Joffe Selwyn, Joseph Edwin Ferguson, Kevin Gerard Daly, Richard K Mochulsky, Rudolph J Borneo and Timothy D Vargo. View Institutional Ownership Trends for Motorcar Parts of America.

MPAA stock was sold by a variety of institutional investors in the last quarter, including Kirr Marbach & Co. LLC IN and Municipal Employees Retirement System of Michigan. View Insider Buying and Selling for Motorcar Parts of America.

MPAA stock was acquired by a variety of institutional investors in the last quarter, including North Star Investment Management Corp. and Foundry Partners LLC. Company insiders that have bought Motorcar Parts of America stock in the last two years include David Bryan, Duane Franklin Miller, Jeffrey P Mirvis, Joffe Selwyn, Joseph Edwin Ferguson and Timothy D Vargo. View Insider Buying and Selling for Motorcar Parts of America.

Shares of MPAA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MPAA stock can currently be purchased for approximately $20.71.

Motorcar Parts of America has a market capitalization of $391.27 million and generates $428.07 million in revenue each year. The auto parts company earns $16.31 million in net income (profit) each year or $1.70 on an earnings per share basis. Motorcar Parts of America employs 2,996 workers across the globe.

Motorcar Parts of America's mailing address is 2929 CALIFORNIA STREET, TORRANCE CA, 90503. The auto parts company can be reached via phone at 310-212-7910 or via email at [email protected]