MPAA Stock Summary and Trading Ideas (Motorcar Parts Of America | NASDAQ:MPAA)

Motorcar Parts of America Inc is a supplier of automotive aftermarket non-discretionary replacement parts and test solutions and diagnostic equipment. It operate in the non-discretionary automotive aftermarket for replacement hard parts in North America and includes products such as light-duty rotating electrical products, wheel hub products, brake-related products, and turbochargers. In addition, it sell test solutions and diagnostic equipment. The company operates in three segments Hard Parts, Test Solutions and Diagnostic Equipment and Heavy Duty. Key revenue is generated from Hard Parts, which includes (i) light duty rotating electric products such as alternators and starters, (ii) wheel hub products, (iii) brake-related products, including brake calipers, brake boosters, brake rotors.

Motorcar Parts Of America trades on the NASDAQ stock market under the symbol MPAA.

As of September 20, 2024, MPAA stock price declined to $6.01 with 108,530 million shares trading.

MPAA has a beta of 1.38, meaning it tends to be more sensitive to market movements. MPAA has a correlation of 0.11 to the broad based SPY ETF.

MPAA has a market cap of $118.72 million. This is considered a Micro Cap stock.

Last quarter Motorcar Parts Of America reported $170 million in Revenue and -$.33 earnings per share. This fell short of revenue expectation by $-3 million and missed earnings estimates by -$.40.

In the last 3 years, MPAA stock traded as high as $21.10 and as low as $4.26.

The top ETF exchange traded funds that MPAA belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, DFSV.

MPAA has underperformed the market in the last year with a price return of -20.8% while the SPY ETF gained +29.5%. MPAA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.7% and -1.5%, respectively, while the SPY returned +3.9% and +3.4%, respectively.

MPAA support price is $5.93 and resistance is $6.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MPAA stock will trade within this expected range on the day.