Motorcar Parts of America (NASDAQ:MPAA) Given New $18.00 Price Target at Cantor Fitzgerald

Motorcar Parts of America (NASDAQ:MPAA) had its price objective cut by equities research analysts at Cantor Fitzgerald from $20.00 to $18.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 133.16% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Wall Street Zen lowered shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 15th. Raymond James Financial set a $16.00 price target on shares of Motorcar Parts of America in a research note on Tuesday, August 18th. Weiss Ratings lowered shares of Motorcar Parts of America from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 25th. Finally, Zacks Research lowered shares of Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Motorcar Parts of America has an average rating of “Hold” and a consensus target price of $18.00.

Motorcar Parts of America Stock Down 26.6%

Shares of NASDAQ:MPAA opened at $7.72 on Tuesday. The business’s 50-day moving average is $10.60 and its 200 day moving average is $11.74. The company has a quick ratio of 0.39, a current ratio of 1.44 and a debt-to-equity ratio of 0.18. Motorcar Parts of America has a 1 year low of $7.65 and a 1 year high of $16.80.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Monday, November 9th. The auto parts company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.42). Motorcar Parts of America had a negative return on equity of 0.57% and a negative net margin of 0.53%. The business had revenue of $169.22 million during the quarter, compared to analyst estimates of $201.22 million. On average, analysts anticipate that Motorcar Parts of America will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Motorcar Parts of America

Institutional investors and hedge funds have recently modified their holdings of the company. Ritholtz Wealth Management boosted its holdings in shares of Motorcar Parts of America by 3.6% in the 3rd quarter. Ritholtz Wealth Management now owns 31,579 shares of the auto parts company’s stock valued at $331,000 after acquiring an additional 1,108 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Motorcar Parts of America by 3.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 41,225 shares of the auto parts company’s stock worth $432,000 after purchasing an additional 1,524 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Motorcar Parts of America during the second quarter worth $1,326,000. Bank of America Corp DE purchased a new position in shares of Motorcar Parts of America during the second quarter worth $409,000. Finally, Manatuck Hill Partners LLC acquired a new position in Motorcar Parts of America during the second quarter valued at $996,000. Institutional investors and hedge funds own 83.48% of the company’s stock.

Motorcar Parts of America News Roundup

Here are the key news stories impacting Motorcar Parts of America this week:

• Positive Sentiment: The company cited $60 million in new annualized awards, which could support future sales growth. Article: Motorcar Parts of America expects fiscal 2027 net sales and cites new awards
• Negative Sentiment: Fiscal Q2 results fell short: MPAA reported a loss of $0.03 per share, versus estimates for a profit, while revenue of $169.22 million was below the roughly $201 million expected. The company also swung to a loss compared with earnings a year earlier. Article: Motorcar Parts Reports Q2 Loss and Lags Revenue Estimates
• Negative Sentiment: Fiscal 2027 revenue guidance of $715 million to $740 million is well below the $787.8 million analyst consensus, signaling a weaker near-term outlook and likely weighing on investor sentiment. Article: Motorcar Parts of America Fiscal 2027 Sales Outlook

About Motorcar Parts of America

Motorcar Parts of America, Inc is an automotive parts manufacturer, remanufacturer and distributor serving the North American aftermarket. The company supplies replacement components for passenger vehicles, light trucks and other applications through automotive retailers, distributors, warehouse distributors and e-commerce channels.

Its product portfolio includes rotating electrical products such as alternators and starters, as well as wheel hub assemblies and a range of braking products.