Motorcar Parts of America (NASDAQ:MPAA) Board Initiates Share Buyback Program

Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) announced that its board has initiated a stock buyback plan on Monday, December 8th, RTT News reports. The company plans to buyback $57.00 million in outstanding shares. This buyback authorization permits the auto parts company to purchase up to 22.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.Analyst Upgrades and Downgrades2 Small-Caps With Large-Cap Potential A number of research firms have commented on MPAA. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Motorcar Parts of America in a report on Monday, December 1st. Zacks Research lowered shares of Motorcar Parts of America from a "hold" rating to a "strong sell" rating in a report on Wednesday, November 12th. Finally, Wall Street Zen upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Motorcar Parts of America has a consensus rating of "Reduce" and an average price target of $14.00.View Our Latest Research Report on MPAAMotorcar Parts of America Stock PerformanceHere’s What Happens When a Stock is Removed from an IndexShares of NASDAQ MPAA traded up $0.48 during midday trading on Monday, reaching $13.22. 194,801 shares of the company traded hands, compared to its average volume of 201,048. The company has a market cap of $258.58 million, a price-to-earnings ratio of 120.18 and a beta of 1.26. The stock has a 50-day moving average price of $14.94 and a 200 day moving average price of $13.51. Motorcar Parts of America has a 52 week low of $5.38 and a 52 week high of $18.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.46 and a quick ratio of 0.46. About Motorcar Parts of America Get Free Report)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.Featured ArticlesFive stocks we like better than Motorcar Parts of America3 Defense Stocks Set to Benefit From Increased Military SpendingWhat Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer HealthWhat is the NASDAQ Stock Exchange?3 Stocks Most Likely to Split in 2026What Are the FAANG Stocks and Are They Good Investments?ChargePoint's Comeback Story: Why This EV Stock Is Charging Up AgainThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Motorcar Parts of America Right Now?Before you consider Motorcar Parts of America, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Motorcar Parts of America wasn't on the list.While Motorcar Parts of America currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here