Cantor Fitzgerald Estimates MPAA FY2025 Earnings

Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) - Analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for Motorcar Parts of America in a report issued on Tuesday, January 21st. Cantor Fitzgerald analyst D. Soderberg expects that the auto parts company will earn $0.18 per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $14.00 price target on the stock.

Separately, StockNews.com upgraded shares of 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 Performance

NASDAQ:MPAA traded up $0.05 during mid-day trading on Thursday, hitting $7.23. 45,397 shares of the company traded hands, compared to its average volume of 45,278. The stock's fifty day moving average price is $7.45 and its 200-day moving average price is $6.60. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a one year low of $4.36 and a one year high of $10.40. The firm has a market cap of $143.52 million, a price-to-earnings ratio of -2.07 and a beta of 1.49.

Insider Activity

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the business's stock in a transaction on Thursday, November 14th. The shares were bought at an average price of $6.86 per share, with a total value of $343,000.00. Following the transaction, the director now directly owns 320,300 shares of the company's stock, valued at $2,197,258. The trade was a 18.50 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On Motorcar Parts of America

A number of institutional investors and hedge funds have recently bought and sold shares of MPAA. Barclays PLC purchased a new position in Motorcar Parts of America during the third quarter valued at approximately $79,000. Sequoia Financial Advisors LLC purchased a new position in shares of Motorcar Parts of America in the 3rd quarter valued at $281,000. Oppenheimer Asset Management Inc. raised its position in shares of Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company's stock worth $312,000 after acquiring an additional 7,198 shares in the last quarter. Equitable Trust Co. boosted its position in Motorcar Parts of America by 9.3% during the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company's stock valued at $502,000 after purchasing an additional 5,780 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Motorcar Parts of America by 72.1% during the second quarter. Squarepoint Ops LLC now owns 84,221 shares of the auto parts company's stock valued at $520,000 after purchasing an additional 35,285 shares in the last quarter. 83.48% of the stock is owned by institutional investors.

Motorcar Parts of America Company Profile

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.