Motorcar Parts of America - MPAA Stock Forecast, Price & News

Motorcar Parts of America's stock was trading at $17.07 at the beginning of the year. Since then, MPAA stock has decreased by 16.6% and is now trading at $14.23.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our MPAA earnings forecast.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) posted its quarterly earnings results on Tuesday, November, 9th. The auto parts company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The auto parts company had revenue of $175.55 million for the quarter, compared to the consensus estimate of $142.67 million. Motorcar Parts of America had a net margin of 0.95% and a trailing twelve-month return on equity of 9.75%. During the same period in the previous year, the firm earned $0.73 EPS.

Motorcar Parts of America issued an update on its FY 2023 earnings guidance on Tuesday, July, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $680.00 million-$700.00 million, compared to the consensus revenue estimate of $681.10 million.

11 employees have rated Motorcar Parts of America Chief Executive Officer Selwyn Joffe on Glassdoor.com. Selwyn Joffe has an approval rating of 92% among the company's employees. This puts Selwyn Joffe in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Motorcar Parts of America investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Allergan (AGN), Express (EXPR) and Micron Technology (MU).

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

Motorcar Parts of America's stock is owned by many different institutional and retail investors. Top institutional shareholders include Global Alpha Capital Management Ltd. (11.36%), Pzena Investment Management LLC (9.59%), Private Capital Management LLC (6.52%), Donald Smith & CO. Inc. (3.58%), State Street Corp (3.36%) and Azarias Capital Management L.P. (2.26%). Insiders that own company stock include David Bryan, David Sung Lee, Duane Franklin Miller, Joffe Selwyn, Joseph Edwin Ferguson, Kamlesh Shah, Richard K Mochulsky and Rudolph J Borneo.
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Shares of MPAA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MPAA stock can currently be purchased for approximately $14.23.

Motorcar Parts of America (NASDAQ:MPAA) has a market capitalization of $273.57 million and generates $650.31 million in revenue each year. The auto parts company earns $7.36 million in net income (profit) each year or $0.32 on an earnings per share basis.

The company employs 5,800 workers across the globe.

Motorcar Parts of America's mailing address is 2929 CALIFORNIA STREET, TORRANCE CA, 90503. The official website for the company is www.motorcarparts.com. The auto parts company can be reached via phone at (310) 212-7910, via email at gmaier@maierco.com, or via fax at 310-212-6315.