Scott Joseph Adelson Sells 623 Shares of Motorcar Parts of America, Inc. (MPAA) Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Scott Joseph Adelson sold 623 shares of Motorcar Parts of America stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $21.23, for a total value of $13,226.29. The transaction was disclosed in a document filed with the SEC, which is available at this link.

MPAA traded down $0.07 during trading on Thursday, reaching $19.59. The company’s stock had a trading volume of 1,411 shares, compared to its average volume of 189,030. Motorcar Parts of America, Inc. has a 52-week low of $12.09 and a 52-week high of $27.19. The firm has a market capitalization of $375.05 million, a PE ratio of 11.52 and a beta of 1.56. The company has a current ratio of 1.32, a quick ratio of 0.45 and a debt-to-equity ratio of 0.09.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Monday, February 11th. The auto parts company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). Motorcar Parts of America had a net margin of 0.99% and a return on equity of 10.42%. The business had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $115.98 million. During the same period in the prior year, the firm posted $0.34 EPS. Motorcar Parts of America’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, sell-side analysts predict that Motorcar Parts of America, Inc. will post 1.46 EPS for the current year.

A number of analysts have recently commented on the company. Zacks Investment Research cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. ValuEngine upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. BidaskClub upgraded Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 7th. Finally, Craig Hallum initiated coverage on Motorcar Parts of America in a research report on Tuesday, January 8th. They issued a “buy” rating and a $28.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Motorcar Parts of America currently has a consensus rating of “Hold” and a consensus price target of $27.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Motorcar Parts of America by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 213,900 shares of the auto parts company’s stock worth $3,559,000 after acquiring an additional 9,571 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of Motorcar Parts of America by 18.0% during the 4th quarter. Equitable Trust Co. now owns 63,765 shares of the auto parts company’s stock worth $1,061,000 after acquiring an additional 9,705 shares in the last quarter. Premier Asset Management LLC purchased a new stake in shares of Motorcar Parts of America during the 4th quarter worth approximately $523,000. Legal & General Group Plc boosted its stake in shares of Motorcar Parts of America by 2.6% during the 4th quarter. Legal & General Group Plc now owns 41,035 shares of the auto parts company’s stock worth $676,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Motorcar Parts of America during the 4th quarter worth approximately $420,000.

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About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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