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

Motorcar Parts of America's stock was trading at $17.07 on January 1st, 2022. Since then, MPAA stock has decreased by 35.9% and is now trading at $10.95.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our MPAA earnings forecast.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) issued its quarterly earnings data on Tuesday, November, 9th. The auto parts company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The auto parts company earned $175.55 million during the quarter, compared to the consensus estimate of $142.67 million. Motorcar Parts of America had a negative net margin of 0.59% and a positive trailing twelve-month return on equity of 6.36%. During the same period last year, the company posted $0.73 EPS.

Motorcar Parts of America updated its FY 2023 earnings guidance on Wednesday, November, 9th. 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 $699.50 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 BlackRock Inc. (15.42%), Global Alpha Capital Management Ltd. (11.33%), Pzena Investment Management LLC (9.55%), Private Capital Management LLC (7.44%), Dimensional Fund Advisors LP (7.02%) and Vanguard Group Inc. (6.34%). 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 $10.95.

Motorcar Parts of America (NASDAQ:MPAA) has a market capitalization of $212.65 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 ($0.21) 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.