The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) is a huge mover today! About 332,701 shares traded hands or 248.42% up from the average. Motorcar Parts of America, Inc. (NASDAQ:MPAA) has declined 33.72% since April 5, 2016 and is downtrending. It has underperformed by 35.68% the S&P500.
The move comes after 7 months positive chart setup for the $434.71 million company. It was reported on Nov, 8 by Barchart.com. We have $62.51 PT which if reached, will make NASDAQ:MPAA worth $704.23 million more.
Analysts await Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report earnings on November, 14. They expect $0.56 earnings per share, down 6.67% or $0.04 from last year’s $0.6 per share. MPAA’s profit will be $10.20M for 10.65 P/E if the $0.56 EPS becomes a reality. After $0.50 actual earnings per share reported by Motorcar Parts of America, Inc. for the previous quarter, Wall Street now forecasts 12.00% EPS growth.
Motorcar Parts of America, Inc. (NASDAQ:MPAA) Ratings Coverage
Out of 6 analysts covering Motorcar Parts of America (NASDAQ:MPAA), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Motorcar Parts of America has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, September 9 by Sidoti. The rating was upgraded by Zacks to “Sell” on Monday, August 17. TH Capital maintained it with “Buy” rating and $40 target price in Tuesday, August 11 report. B. Riley & Co maintained it with “Buy” rating and $38 target price in Tuesday, August 11 report. The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) earned “Buy” rating by Roth Capital on Tuesday, November 10. The firm has “Buy” rating by CL King given on Monday, March 14. TH Capital maintained the shares of MPAA in a report on Tuesday, November 10 with “Buy” rating. The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) earned “Neutral” rating by B. Riley & Co on Wednesday, August 10.
According to Zacks Investment Research, “Mototcar Parts & Accessories Inc. is a leading manufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. The company’s full line of alternators and starters are remanufactured for vehicles imported from Japan, Germany, Sweden, France and Korea. The imported vehicles for which the company remanufactures alternators and starters also include vehicles produced by GM, Chrysler and Ford. The company also assembles and distributes ignition wire sets for imported and domestic cars and light trucks.”
Insitutional Activity: The institutional sentiment increased to 1.03 in Q2 2016. Its up 0.01, from 1.02 in 2016Q1. The ratio increased, as 25 funds sold all Motorcar Parts of America, Inc. shares owned while 40 reduced positions. 24 funds bought stakes while 43 increased positions. They now own 19.26 million shares or 1.62% less from 19.58 million shares in 2016Q1.
The Wisconsin-based Johnson Grp has invested 0% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Cortina Asset Management Limited Company has 0.18% invested in the company for 148,123 shares. Dimensional Fund Advisors L P last reported 828,404 shares in the company. Huntington National Bank & Trust has invested 0% of its portfolio in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Geode Cap Limited Com accumulated 128,516 shares or 0% of the stock. The Missouri-based Kennedy Cap Management has invested 0.09% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Amer Intll Incorporated has 13,623 shares for 0% of their US portfolio. Envestnet Asset holds 1,736 shares or 0% of its portfolio. Legal General Grp Public Limited Company owns 2,999 shares or 0% of their US portfolio. Polaris Cap Mngmt Ltd Liability Co has 43,206 shares for 0.1% of their US portfolio. Art Advsr holds 0.02% of its portfolio in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 12,931 shares. The New York-based Renaissance Technology Lc has invested 0.01% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). The New York-based Jpmorgan Chase & Com has invested 0% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Axiom Intl Investors Limited Co De reported 29,879 shares or 0.02% of all its holdings. The Minnesota-based Next Century Growth Ltd Liability has invested 0.07% in Motorcar Parts of America, Inc. (NASDAQ:MPAA).
More important recent Motorcar Parts of America, Inc. (NASDAQ:MPAA) news were published by: Seekingalpha.com which released: “Motorcar Parts Of America – An American Wonder Or A Bust?” on November 03, 2016, also Marketwatch.com published article titled: “Motorcar Parts of America Inc.”, Globenewswire.com published: “Motorcar Parts of America to Report Fiscal 2017 Second Quarter Results; Host …” on November 03, 2016. More interesting news about Motorcar Parts of America, Inc. (NASDAQ:MPAA) was released by: Globenewswire.com and their article: “Motorcar Parts of America Launches Brake Power Booster Product Line; Acquires …” with publication date: August 08, 2016.
MPAA Company Profile
Motorcar Parts of America, Inc., incorporated on April 2, 1968, 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. The Firm sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES). The Company’s products meet equipment maker specifications. The Firm produces both new and remanufactured units. It recycles materials, including metal from the used cores and corrugated packaging. The Firm carries over 13,000 stock keeping units (SKUs) for automotive parts that are sold under its customers’ recognized private label brand names and its Quality-Built, Pure Energy, Xtreme, Reliance and other brand names.
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