Cantor Fitzgerald Has Negative View of MPAA FY2025 Earnings

Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) - Investment analysts at Cantor Fitzgerald lowered their FY2025 earnings estimates for Motorcar Parts of America in a research note issued on Wednesday, February 12th. Cantor Fitzgerald analyst D. Soderberg now anticipates that the auto parts company will post earnings per share of $0.37 for the year, down from their prior estimate of $0.73. Cantor Fitzgerald has a "Overweight" rating and a $14.00 price target on the stock. The consensus estimate for Motorcar Parts of America's current full-year earnings is $0.73 per share.

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, February 12th.

Motorcar Parts of America Stock Up 16.7 %

Motorcar Parts of America stock traded up $1.55 during mid-day trading on Friday, reaching $10.85. The company's stock had a trading volume of 439,265 shares, compared to its average volume of 97,441. The company has a market capitalization of $212.49 million, a price-to-earnings ratio of -3.10 and a beta of 1.47. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $11.50. The business's 50 day simple moving average is $7.39 and its 200 day simple moving average is $6.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39.

Institutional Trading of Motorcar Parts of America

Several hedge funds and other institutional investors have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp acquired a new stake in Motorcar Parts of America in the 4th quarter worth about $97,000. Millennium Management LLC increased its holdings in Motorcar Parts of America by 39.3% in the 4th quarter. Millennium Management LLC now owns 82,056 shares of the auto parts company's stock valued at $624,000 after buying an additional 23,164 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Motorcar Parts of America by 10.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company's stock valued at $1,083,000 after buying an additional 13,644 shares during the period. Balyasny Asset Management L.P. bought a new position in Motorcar Parts of America in the 4th quarter valued at about $88,000. Finally, Ancora Advisors LLC bought a new position in Motorcar Parts of America in the 4th quarter valued at about $512,000. Institutional investors and hedge funds own 83.48% of the company's stock.

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.