Brokers Issue Forecasts for MPAA FY2025 Earnings

Motorcar Parts of America, Inc. (NASDAQ:MPAA) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Motorcar Parts of America in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg anticipates that the auto parts company will post earnings per share of $0.18 for the year. Cantor Fitzgerald has a “Overweight” rating and a $14.00 price objective on the stock.

Separately, StockNews.com upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Motorcar Parts of America Stock Down 0.8 %

Shares of MPAA stock opened at $7.18 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a twelve month low of $4.36 and a twelve month high of $10.40. The stock has a fifty day simple moving average of $7.44 and a two-hundred day simple moving average of $6.60.

Institutional Investors Weigh In On Motorcar Parts of America

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPAA. Barclays PLC purchased a new stake in shares of Motorcar Parts of America during the third quarter worth approximately $79,000. Geode Capital Management LLC boosted its stake in Motorcar Parts of America by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after purchasing an additional 27,961 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Motorcar Parts of America by 3.1% during the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after buying an additional 3,005 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Motorcar Parts of America by 20.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after buying an additional 7,198 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Motorcar Parts of America by 9.1% during the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after acquiring an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Insider Buying and Selling

In other news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $6.86 per share, with a total value of $343,000.00. Following the purchase, the director now directly owns 320,300 shares in the company, valued at $2,197,258. The trade was a 18.50 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.