Motorcar Parts of America Stock (NASDAQ: MPAA)

Motorcar Parts of America Stock (NASDAQ:MPAA), Trade Ideas

Motorcar Parts of America

Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.

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Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades.

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Insiders Buying LifeVantage, Motorcar Parts of America And 2 Other Stocks

Motorcar Parts of America, Inc. - Common Stock

Motorcar Parts of America Inc

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Motorcar Parts of America, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>)</h3>
<ul>
<li>On Feb. 9, Motorcar Parts of America posted downbeat quarterly results. The company's stock fell around 29% over the past month and has a <a href="https://www.benzinga.com/quote/MPAA">52-week low of $4.26</a>.</li>
<li>RSI Value: 21.74</li>
<li>MPAA Price Action: Shares of Motorcar Parts of America gained 3.9% to trade at $5.31 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Malibu Boats, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>)   </h3>
<ul>
<li>On April 15, Raymond James analyst Joseph Altobello downgraded Malibu Boats from Outperform to Market Perform. The company's stock fell around 16% over the past five days. It <a href="https://www.benzinga.com/quote/MBUU">has a 52-week low</a> of $33.82.</li>
<li>RSI Value: 26.13</li>
<li>MBUU Price Action: Shares of Malibu Boats rose 1% to trade at $34.30 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">ThredUp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>)</h3>
<ul>
<li>On March 4, ThredUp reported worse-than-expected fourth-quarter GAAP EPS results.. The company's stock fell around 11% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/TDUP">low of $1.5150</a>.</li>
<li>RSI Value: 29.49</li>
<li>TDUP Price Action: Shares of ThredUp rose 0.7% to trade at $1.54 on Thursday.</li>
</ul>

Read More: <a href="https://www.benzinga.com/news/24/04/38316287/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Hilton Grand Vacations </h3>
<ul>
<li>The Trade: Hilton Grand Vacations Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hgv#NYSE">HGV</a>) Director Brenda J Bacon <a href="https://www.benzinga.com/quote/MWA/analyst-ratings"> acquired a total of 5,425 shares </a> an average price of $46.07. To acquire these shares, it cost around $249,945.</li>
<li>What&rsquo;s Happening: On Feb. 29, Hilton Grand Vacations posted upbeat quarterly earnings.</li>
<li>What Hilton Grand Vacations Does: Hilton Grand Vacations Inc is a timeshare company engaged in developing, marketing, selling, managing, and operating timeshare resorts, timeshare plans, and ancillary reservation services, under the Hilton Grand Vacations brand.</li>
</ul>
<h3>Motorcar Parts of America </h3>
<ul>
<li>The Trade: Motorcar Parts of America, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mpaa#NASDAQ">MPAA</a>) Director David Bryan acquired a total of 1,200 shares at an average price of $9.09. To acquire these shares, it cost around $10,910.</li>
<li>What&rsquo;s Happening: On Feb. 9, Motorcar Parts of America posted downbeat quarterly results.</li>
<li>What Motorcar Parts of America Does: Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>FMC </h3>
<ul>
<li>The Trade: FMC Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fmc#NYSE">FMC</a>) EVP and CFO Andrew D Sandifer <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 2,150 shares </a> at an average price of $59.22. To acquire these shares, it cost around $127,323.</li>
<li>What&rsquo;s Happening: On March 1, Wolfe Research analyst Chris Parkinson initiated coverage on FMC with a Peer Perform rating.</li>
<li>What FMC Does: FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure.</li>
</ul>
<h3>Jackson Financial </h3>
<ul>
<li>The Trade: Jackson Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jxn#NYSE">JXN</a>) Director Derek G Kirkland <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 3,500 shares </a> at an average price of $55.67. The insider spent around $194,845 to buy those shares.</li>
<li>What&rsquo;s Happening: On March 1, Morgan Stanley analyst Nigel Dally maintained Jackson Finl with an Equal-Weight and raised the price target from $49 to $52.</li>
<li>What Jackson Financial Does: Jackson Financial Inc helps Americans grow and protect their retirement savings and income to enable them to pursue financial freedom for life.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37502521/fear-greed-index-moves-to-greed-zone-dow-dips-over-400-points"> Fear &amp; Greed Index Moves To &#39;Greed&#39; Zone; Dow Dips Over 400 Points </a>

<h3>Gainers</h3>
<ul>
<li>ContextLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) shares moved upwards by 46.1% to $6.58 during Monday's regular session. The company's market cap stands at $157.8 million. </li>
<li>Children's Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) stock increased by 28.02% to $16.01. The company's market cap stands at $199.7 million. </li>
<li>Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) shares rose 16.92% to $10.06. The company's market cap stands at $197.7 million. The company's, Q3 earnings came out yesterday. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) shares moved upwards by 15.65% to $0.92. The company's market cap stands at $75.4 million. As per the press release, Q4 earnings came out today. </li>
<li>Youdao (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAO#NYSE">DAO</a>) stock increased by 15.49% to $4.43. The market value of their outstanding shares is at $550.8 million. </li>
<li>REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) stock increased by 14.8% to $7.41. The market value of their outstanding shares is at $62.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Big Lots (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIG#NYSE">BIG</a>) stock declined by 30.4% to $3.73 during Monday's regular session. The company's market cap stands at $108.9 million. </li>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares decreased by 20.24% to $2.76. The company's market cap stands at $30.6 million. </li>
<li>SunCar Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDA#NASDAQ">SDA</a>) shares decreased by 11.87% to $6.39. The market value of their outstanding shares is at $562.9 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) shares declined by 9.71% to $0.51. The company's market cap stands at $26.6 million. </li>
<li>Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) shares declined by 8.59% to $3.3. The company's market cap stands at $41.2 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXA#NASDAQ">CNXA</a>) stock decreased by 8.45% to $0.3. The market value of their outstanding shares is at $1.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) reported adjusted quarterly losses of $(0.27) per share which missed the analyst consensus estimate of $0.08 by 437.5 percent. This is a 228.57 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $171.86 million which missed the analyst consensus estimate of $182.20 million by 5.67 percent. This is a 13.20 percent increase over sales of $151.82 million the same period last year.

Earnings

Motorcar Parts of America Q3 Adj. EPS $(0.27) Misses $0.08 Estimate, Sales $171.86M Miss $182.20M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; TELUS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TU#NYSE">TU</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $5.24 billion.
&bull; Canopy Gwth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) is likely to report quarterly loss at $0.37 per share on revenue of $55.44 million.
&bull; Fortis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $2.39 billion.
&bull; AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $5.25 billion.
&bull; Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $9.88 billion.
&bull; TELUS Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIXT#NYSE">TIXT</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $932.03 million.
&bull; Listed Funds Trust Roundhill Cannabis ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WEED#BATS">WEED</a>) is likely to report quarterly loss at $0.49 per share on revenue of $74.78 million.
&bull; Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is likely to report quarterly earnings at $0.08 per share on revenue of $182.20 million.
&bull; W.P. Carey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPC#NYSE">WPC</a>) is expected to report earnings for its fourth quarter.
&bull; Construction Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROAD#NASDAQ">ROAD</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $394.48 million.
&bull; Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $11.91 billion.
&bull; Mr. Cooper Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) is expected to report quarterly earnings at $1.33 per share on revenue of $416.70 million.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is likely to report quarterly earnings at $1.72 per share on revenue of $28.40 billion.
&bull; MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is expected to report quarterly earnings at $1.99 per share on revenue of $13.97 billion.
&bull; Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is projected to report quarterly earnings at $1.48 per share on revenue of $10.41 billion.
&bull; Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $428.71 million.
&bull; Catalent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTLT#NYSE">CTLT</a>) is likely to report quarterly loss at $0.02 per share on revenue of $1.01 billion.
&bull; Embecta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $264.91 million.
&bull; Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $12.64 billion.
&bull; AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $676.01 million.
&bull; Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $1.98 billion.
&bull; Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $286.18 million.
&bull; Proto Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $122.72 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Amtech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) is projected to report earnings for its first quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 9, 2024

Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-09. Here's what investors need to know before the announcement.
Analysts estimate that Motorcar Parts of America will report an earnings per share (EPS) of $0.08. 
Motorcar Parts of America bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.31, which was followed by a 5.47% increase in the share price the next day.
Here's a look at Motorcar Parts of America's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.17</td>
<td>0.13</td>
<td>0.42</td>
<td>0.55</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.48</td>
<td>0.04</td>
<td>-0.05</td>
<td>0.21</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.47%</td>
<td>6.61%</td>
<td>-1.14%</td>
<td>-1.97%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707404484_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Motorcar Parts of America were trading at $9.15 as of February 06. Over the last 52-week period, shares are down 30.48%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/MPAA/earnings">To track all earnings releases for Motorcar Parts of America visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Motorcar Parts of America

UPDATE: Motorcar Parts of America Q2 Adj. EPS $0.48 Beats $0.17 Estimate

Guidance

Motorcar Parts of America Says Remain Optimistic About Achieving Year-Over-Year Financial Targets

Motorcar Parts of America Q2 GAAP EPS $(0.10) Vs $(0.34) Last Year, Sales $196.64M Beat $186.30M Estimate

Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is set to give its latest quarterly earnings report on Thursday, 2023-11-09. Here's what investors need to know before the announcement.
Analysts estimate that Motorcar Parts of America will report an earnings per share (EPS) of $0.17. 
Motorcar Parts of America bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.09, which was followed by a 6.61% increase in the share price the next day.
Here's a look at Motorcar Parts of America's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.13</td>
<td>0.42</td>
<td>0.55</td>
<td>0.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>-0.05</td>
<td>0.21</td>
<td>0.12</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.61%</td>
<td>-1.14%</td>
<td>-1.97%</td>
<td>-2.43%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699470106_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Motorcar Parts of America were trading at $8.08 as of November 07. Over the last 52-week period, shares are down 52.46%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/MPAA/earnings">To track all earnings releases for Motorcar Parts of America visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Motorcar Parts of America's Earnings: A Preview

Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Motorcar Parts of America </h3>
<ul>
<li>The Trade: Motorcar Parts of America, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mpaa#NASDAQ">MPAA</a>) Director David Bryan <a href="https://www.benzinga.com/quote/MPAA/analyst-ratings"> acquired a total of 1,000 shares </a> an average price of $7.70. To acquire these shares, it cost around $7,700.</li>
<li>What&rsquo;s Happening: Motorcar Parts of America posted weaker-than-expected first-quarter earnings results.</li>
<li>What Motorcar Parts of America Does: Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts.</li>
</ul>
<h3>LifeVantage </h3>
<ul>
<li>The Trade: LifeVantage Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lfvn#NASDAQ">LFVN</a>) Director Darwin Lewis acquired a total of 4,124 shares at an average price of $6.94. To acquire these shares, it cost around $28,632.</li>
<li>What&rsquo;s Happening: LifeVantage recently announced that its Board of Directors adopted a limited duration stockholder rights plan.</li>
<li>What LifeVantage Does: Lifevantage Corp is engaged in the identification, research, development, and distribution of nutraceutical dietary supplements and skincare products.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Tilly&#39;s </h3>
<ul>
<li>The Trade: Tilly&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tlys#NYSE">TLYS</a>) 10% owner Pleasant Lake Partners LLC <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 21,520 shares </a> at an average price of $7.78. To acquire these shares, it cost around $167,510.</li>
<li>What&rsquo;s Happening: Tilly&#39;s posted a narrower-than-expected quarterly loss.</li>
<li>What Tilly&#39;s Does: Tilly&#39;s Inc works as a specialty retailer of casual apparel, footwear, and accessories for young men, young women, boys, and girls.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/09/34904604/top-4-materials-stocks-which-could-rescue-your-portfolio-this-month"> Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month </a>
<h3>Medalist Diversified REIT </h3>
<ul>
<li>The Trade: Medalist Diversified REIT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdrr#NASDAQ">MDRR</a>) CEO and President Francis P. Kavanaugh <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 2,500 shares </a> at an average price of $23.28. The insider spent around $58,210 to buy those shares.</li>
<li>What&rsquo;s Happening: The company&rsquo;s stock fell 26% over the past six months.</li>
<li>What Medalist Diversified REIT Does: Medalist Diversified REIT Inc is engaged in the acquisition, reposition, renovation, leasing and managing of income-producing properties with a focus on commercial properties, including flex-industrial and retail properties, multi-family residential properties and hotel properties.</li>
</ul>

<h3>Gainers</h3>
<ul>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock rose 5.4% to $0.74 during Tuesday's after-market session. The market value of their outstanding shares is at $1.9 million. </li>
<li>Volcon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) shares rose 5.01% to $0.4. The market value of their outstanding shares is at $12.8 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares rose 5.0% to $0.3. The market value of their outstanding shares is at $9.6 million. </li>
<li>Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODY#NYSE">BODY</a>) stock moved upwards by 3.33% to $0.31. The company's market cap stands at $96.9 million. </li>
<li>Revolve Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) stock moved upwards by 3.33% to $13.34. The market value of their outstanding shares is at $980.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) shares decreased by 4.5% to $7.5 during Tuesday's after-market session. The market value of their outstanding shares is at $146.9 million. </li>
<li>Harbor Custom Dev (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCDI#NASDAQ">HCDI</a>) stock decreased by 3.85% to $1.5. The market value of their outstanding shares is at $3.4 million. </li>
<li>SIGNA Sports United (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSU#NYSE">SSU</a>) stock decreased by 3.4% to $0.31. The market value of their outstanding shares is at $120.1 million. </li>
<li>Kirkland's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KIRK#NASDAQ">KIRK</a>) shares fell 2.96% to $1.64. The market value of their outstanding shares is at $21.1 million. </li>
<li>a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) shares decreased by 2.47% to $0.4. The company's market cap stands at $51.2 million. </li>
<li>Duolingo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) shares fell 2.29% to $146.0. The market value of their outstanding shares is at $6.0 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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11 Consumer Discretionary Stocks Moving In Tuesday's After-Market Session

Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.13 by 69.23 percent. This is a 88.89 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $159.71 million which missed the analyst consensus estimate of $172.20 million by 7.26 percent. This is a 2.61 percent decrease over sales of $163.99 million the same period last year.

UPDATE: Motorcar Parts of America Q1 Adj $0.04 Misses $0.13 Estimate, Sales $159.71M Miss $172.20M Estimate

Motorcar Parts of America (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mpaa#NASDAQ">MPAA</a>) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.13 by 69.23 percent. This is a 88.89 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $159.71 million which missed the analyst consensus estimate of $172.20 million by 7.26 percent. This is a 2.61 percent decrease over sales of $163.99 million the same period last year.

Motorcar Parts of America Q1 Adj $0.04 Misses $0.13 Estimate, Sales $159.71M Miss $172.20M Estimate

Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is set to give its latest quarterly earnings report on Wednesday, 2023-08-09. Here's what investors need to know before the announcement.
Analysts estimate that Motorcar Parts of America will report an earnings per share (EPS) of $0.13. 
Motorcar Parts of America bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.47, which was followed by a 1.14% drop in the share price the next day.
Here's a look at Motorcar Parts of America's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.42</td>
<td>0.55</td>
<td>0.42</td>
<td>0.31</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.05</td>
<td>0.21</td>
<td>0.12</td>
<td>0.36</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.14%</td>
<td>-1.97%</td>
<td>-2.43%</td>
<td>2.11%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1691514079_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Motorcar Parts of America were trading at $9.16 as of August 07. Over the last 52-week period, shares are down 37.7%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/MPAA/earnings">To track all earnings releases for Motorcar Parts of America visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Motorcar Parts of America's Earnings Outlook

<h3>Gainers</h3>
<ul>
<li>Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) shares rose 20.0% to $8.45 during Wednesday's regular session. Motorcar Parts of America's stock is trading at a volume of 546.1K shares as of 13:37 EST. This is 155.9% of its average full-day volume over the last 100 days. The company's market cap stands at $164.7 million. </li>
<li>Xponential Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) stock moved upwards by 11.83% to $17.58. As of 13:37 EST, Xponential Fitness's stock is trading at a volume of 5.2 million, which is 668.0% of its average full-day volume over the last 100 days. The company's market cap stands at $579.0 million. </li>
<li>Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) stock rose 11.35% to $3.04. Trading volume for this security as of 13:37 EST is 131.6K, which is 108.3% of its average full-day volume over the last 100 days. The company's market cap stands at $120.8 million. </li>
<li>Beazer Homes USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) shares increased by 11.33% to $27.43. Trading volume for this security as of 13:37 EST is 689.2K, which is 236.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $859.9 million. </li>
<li>Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) stock moved upwards by 10.28% to $26.8. As of 13:37 EST, this security is trading at a volume of 24.1 million shares, making up 104.6% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $2.8 billion. </li>
<li>Arcimoto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUV#NASDAQ">FUV</a>) stock increased by 10.06% to $1.6. Trading volume for Arcimoto's stock is 51.2K as of 13:37 EST. This is 57.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $11.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) stock fell 18.6% to $0.93 during Wednesday's regular session. As of 13:37 EST, Kidpik's stock is trading at a volume of 814.6K, which is 49.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $7.1 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares declined by 14.91% to $2.74. Trading volume for this security as of 13:37 EST is 498.9K, which is 16.5% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $439.7 million. </li>
<li>Lordstown Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIDE#NASDAQ">RIDE</a>) shares fell 13.52% to $1.98. Trading volume for Lordstown Motors's stock is 2.5 million as of 13:37 EST. This is 148.6% of its average full-day volume over the last 100 days. The company's market cap stands at $33.2 million. </li>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) shares declined by 12.14% to $0.12. As of 13:37 EST, this security is trading at a volume of 274.7 million shares, making up 403.0% of its average full-day volume over the last 100 days. The company's market cap stands at $29.2 million. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock fell 11.46% to $1.43. The current volume of 348.5K shares is 1266.3% of Greenlane Hldgs's average full-day volume over the last 100 days (last updated at 13:37 EST). The market value of their outstanding shares is at $2.2 million. </li>
<li>Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) stock declined by 8.73% to $5.23. As of 13:37 EST, this security is trading at a volume of 112.4K shares, making up 108.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $113.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CJET

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MULN

Lordstown Motors Corp. - Class A Common Stock

RIDE

XPOF

12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session

WIIM

Motorcar Parts Of America shares are trading higher after Bison Capital Partners disclosed a 10.09% active sake in the company.

<h3>Gainers</h3>
<ul>
<li>Minerva Neurosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nerv#NASDAQ">NERV</a>) surged 46.2% to $8.80. Minerva Neurosciences announced $20 million in private placement priced at a premium to market.</li>
<li>Kaleyra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/klr#NYSE">KLR</a>) shares jumped 38.3% to $6.64 after Tata Communications Limited announced it has entered an agreement to acquire the company.</li>
<li>Theriva Biologics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tovx#NYSE">TOVX</a>) shares jumped 30.6% to $1.0808 after the company said Orphan Drug Designation was granted by the U.S. Food and Drug Administration for VCN-01 for the treatment of pancreatic cancer.</li>
<li>Joby Aviation, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/joby#NYSE">JOBY</a>) gained 26.4% to $8.08 after the company announced it received a permit that allows the company to begin flight testing of its first production prototype.</li>
<li>Baosheng Media Group Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/baos#NASDAQ">BAOS</a>) shares gained 22.4% to $9.12.</li>
<li>Xponential Fitness, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpof#NYSE">XPOF</a>) surged 18.1% to $18.57.</li>
<li>JX Luxventure Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jxjt#NASDAQ">JXJT</a>) rose 17.4% to $2.36.</li>
<li>Motorcar Parts of America, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mpaa#NASDAQ">MPAA</a>) gained 16.3% to $8.19.</li>
<li>Archer Aviation Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/achr#NYSE">ACHR</a>) rose 15.6% to $3.92. Stellantis reported a 10.6% stake in Archer Aviation Class A Common Stock as of June 23.</li>
<li>IronNet, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irnt#NYSE">IRNT</a>) gained 14.8% to $0.23.</li>
<li>Doma Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/doma#NYSE">DOMA</a>) surged 13.8% to $0.2026.</li>
<li>Lichen China Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/licn#NASDAQ">LICN</a>) rose 13.5% to $1.51.</li>
<li>Opendoor Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/open#NASDAQ">OPEN</a>) jumped 13.3% to $3.8550.</li>
<li>eFFECTOR Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eftr#NASDAQ">EFTR</a>) gained 11.3% to $0.7001.</li>
<li>Avalo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avtx#NASDAQ">AVTX</a>) shares climbed 11.1% to $0.4776 after declining around 14% on Tuesday. Avalo Therapeutics recently announced its Phase 2 Peak trial For quisovalimab In patients With non-eosinophilic asthma missed its primary endpoint.</li>
<li>Viad Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vvi#NYSE">VVI</a>) gained 10.5% to $26.82. Craig-Hallum initiated coverage on Viad with a Buy rating and announced a price target of $40.</li>
<li>National CineMedia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncmi#NASDAQ">NCMI</a>) shares rose 10.4% to $0.3450. National CineMedia said plan of reorganization has been confirmed by the United States Bankruptcy Court.</li>
<li>Fathom Digital Manufacturing Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fath#NYSE">FATH</a>) gained 10.4% to $0.35.</li>
<li>Beazer Homes USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bzh#NYSE">BZH</a>) climbed 10.2% to $27.15. Wedbush upgraded Beazer Homes USA from Neutral to Outperform.</li>
<li>iMedia Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imbi#NASDAQ">IMBI</a>) shares rose 9.6% to $0.1767 after dropping over 15% on Tuesday. iMedia Brands recently announced receipt of second Nasdaq non-compliance notice.</li>
<li>Edgio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egio#NASDAQ">EGIO</a>) gained 7.1% to $0.6478 after declining 3% on Tuesday.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) climbed 6.1% to $28.00 after Wells Fargo upgraded the stock to Overrweight from Equal-Weight.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>American Rebel Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/areb#NASDAQ">AREB</a>) fell 31.4% to $3.7750 after jumping 17% on Tuesday. American Rebel recently announced a 1-for-25 reverse stock split.</li>
<li>AST SpaceMobile, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asts#NASDAQ">ASTS</a>) shares fell 29.3% to $4.5050 after the company announced pricing of an upsized offering of Class A common stock.</li>
<li>Leafly Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lfly#NASDAQ">LFLY</a>) fell 24.1% to $0.2809. Leafly was granted U.S. patent #11687994 for &quot;Systems For Selection Of Cannabis-Related Products And Visualization Of Chemical Data (The Decision Engine May Implement Artificial Intelligence).&quot;</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sonn#NASDAQ">SONN</a>) dropped 23% to $0.52 after announcing $2.25 million registered direct offering of 5 million at $0.45/share.</li>
<li>Cognition Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgtx#NASDAQ">CGTX</a>) fell 22.8% to $1.93 after the company reported topline results from its Phase 2 SEQUEL study of Ct1812 in 16 adults with mild-to-moderate Alzheimer&#39;s disease.</li>
<li>EdtechX Holdings Acquisition Corp. II (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edtx#NASDAQ">EDTX</a>) dropped 20.2% to $12.51.</li>
<li>Tivic Health Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tivc#NASDAQ">TIVC</a>) fell 17.3% to $0.1150. Tivic Health Systems shares gained 39% on Tuesday after the company announced that it entered into a non-exclusive distribution agreement with Cardinal Health.</li>
<li>Benitec Biopharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntc#NASDAQ">BNTC</a>) declined 16.3% to $0.2258.</li>
<li>Black Diamond Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdtx#NASDAQ">BDTX</a>) dipped 15% to $5.25. HC Wainwright &amp; Co. upgraded Black Diamond Therapeutic from Neutral to Buy and maintained $11 price target.</li>
<li>Mullen Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/muln#NASDAQ">MULN</a>) fell 14.8% to $0.1165. The company announced Tuesday that on June 23 its Series D investors exercised their final option, expiring June 30, for $100 million.</li>
<li>Eton Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eton#NASDAQ">ETON</a>) dropped 14.8% to $3.4397 after the FDA issued complete response letter to dehydrated alcohol injection for methanol poisoning.</li>
<li>NovaGold Resources Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ng#NYSE">NG</a>) fell 11.6% to $4.0401 after the company announced second-quarter results.</li>
<li>Surgalign Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srga#NASDAQ">SRGA</a>) shares dropped 11.3% to $0.2394 after jumping 19% on Tuesday. Surgalign recently received NASDAQ delisting notice following its Chapter 11 filing.</li>
<li>Axsome Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axsm#NASDAQ">AXSM</a>) fell 11.2% to $74.01 after the company&#39;s proposed public offering of common stock.</li>
<li>NeuroBo Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrbo#NASDAQ">NRBO</a>) fell 9.2% to $0.4356.</li>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) shares dropped 7.6% to $0.0535. Siyata Mobile shares dipped around 35% on Tuesday after the company priced a 50 million share offering at $0.045 per share.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgc#NASDAQ">RGC</a>) fell 7.5% to $21.28.</li>
<li>Digital Media Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dms#NYSE">DMS</a>) shares fell 7.1% to $0.33 after dropping over 12% on Tuesday.</li>
<li>TeraWulf Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wulf#NASDAQ">WULF</a>) dropped 6.3% to $1.7150.</li>
<li>General Mills, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gis#NYSE">GIS</a>) fell 5.3% to $76.58 after the company reported a fourth-quarter revenue miss.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/23/06/33040684/top-5-real-estate-stocks-that-may-collapse-in-q2"> Top 5 Real Estate Stocks That May Collapse In Q2</a>

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Why Eton Pharmaceuticals Shares Are Trading Lower By Over 15%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro,</a> during Q4, Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) earned $1.46 million, a 42.2% increase from the preceding quarter. Motorcar Parts of America also posted a total of $194.73 million in sales, a 28.26% increase since Q3. Motorcar Parts of America earned $1.03 million, and sales totaled $151.82 million in Q3.
<h3>What Is ROCE?</h3>
Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In Q4, Motorcar Parts of America posted an ROCE of 0.0%.
Keep in mind, while ROCE is a good measure of a company's recent performance, it is not a highly reliable predictor of a company's earnings or sales in the near future. 
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Motorcar Parts of America is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For Motorcar Parts of America, the positive return on capital employed ratio of 0.0% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
<h3>Upcoming Earnings Estimate</h3>
Motorcar Parts of America reported Q4 earnings per share at $-0.05/share, which did not meet analyst predictions of $0.42/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Motorcar Parts of America's Return On Capital Employed Overview

LCID

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PSNYW

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SOLO

Shares of auto-related stocks are trading higher amid overall market strength following a softer-than-expected May CPI report.

The auto industry is poised for solid growth due to strong consumer demand, growth in auto parts sales, the transition to electric vehicles, improved global supply chains, and increasing adoption of advanced automotive technologies. Therefore, investors could consider buying fundamentally strong auto stocks: AB Volvo (VLVLY), Holley (HLLY), and Motorcar Parts of America (MPAA). Keep reading... Over the past year, the auto industry has witnessed a robust recovery. Strong customer demand, rapid electric vehicle (EV) adoption, favorable government incentives, and improved global supply chains are driving its current growth. At the same time, anticipated interest rate cuts by the central banks this year are expected to drive the industry's growth further.
Amid this backdrop, it could be wise to consider buying fundamentally strong auto stocks AB Volvo (publ) (<a href="https://stocknews.com/stock/VLVLY/">VLVLY</a>), Holley Inc. (<a href="https://stocknews.com/stock/HLLY/">HLLY</a>), and Motorcar Parts of America, Inc. (<a href="https://stocknews.com/stock/MPAA/">MPAA</a>).
Before delving deeper into their fundamentals, let's discuss what's happening in the auto industry.
Despite facing challenges like rising vehicle prices and sticky inflation, the auto industry is likely to benefit from manufacturer promotions, the adoption of electric vehicles, rising disposable incomes, increasing DIY initiatives, and technological advancements.
According to Cox Automotive, the rate of new vehicle sales in February will be higher than in January, almost reaching 15.4 million. Compared to last February, sales are expected to go up by 0.5 million. Also, February's new vehicle sales volume is estimated to rise by <a href="https://www.coxautoinc.com/news/cox-automotive-forecast-february-2024-u-s-auto-sales-forecast/">6.3% over last year</a>, reaching 1.22 million units.
The growing popularity of electric vehicles positions the auto industry for expansion, supported by environmental concerns, expanding charging infrastructure, price reductions, and government incentives. BloombergNEF's electric vehicle outlook projects <a href="https://assets.bbhub.io/professional/sites/24/2431510_BNEFElectricVehicleOutlook2023_ExecSummary.pdf">730 million passenger EVs</a> on the road by 2040, comprising 44% of global passenger vehicle sales by 2030.
It is noteworthy that the auto industry is expected to benefit from interest rate cuts this year, as it will make borrowing cheaper. Global automotive sales are projected to grow from 91 million units last year to <a href="https://finance.yahoo.com/news/global-automotive-industry-outlook-total-141700708.html">96 million units this year</a>, growing at a rate of between 5% and 7% year-over-year. Also, online car sales are expected to increase significantly, reaching between <a href="https://www.marketsandmarkets.com/blog/AT/Global%20Automotive%20Market%20Predictions%20For%202024">7.10 million and 7.30 million</a> units in 2024.
As vehicle prices continue to remain elevated, the affordability of new vehicles could remain challenging, forcing potential new car buyers to keep their existing cars longer. This is expected to boost the demand for auto parts as older vehicles need more maintenance and spare parts to keep them running.
Moreover, the use of advanced electronic components, infotainment systems, connectivity features, enhanced safety features, high-performance brake systems, electronic stability control systems, and the rise of automotive DIY is boosting the demand for advanced auto parts. The global auto parts market is expected to grow at a <a href="https://www.vantagemarketresearch.com/press-release/auto-parts-market-38896">6.8% CAGR</a> until 2030.
Considering these conducive trends, let's analyze the fundamental aspects of the auto stocks mentioned above.
AB Volvo (publ) (<a href="https://stocknews.com/stock/VLVLY/">VLVLY</a>)
Headquartered in Gothenburg, Sweden, VLVLY and its subsidiaries manufacture and sell trucks, buses, construction equipment, and marine and industrial engines internationally. The company offers trucks for long-haulage, construction, mining, and distribution purposes, city and intercity buses, coaches, and bus chassis, as well as associated transport systems.
In terms of the trailing-12-month net income margin, VLVLY's 9.01% is 51.5% higher than the 5.95% industry average. Likewise, its 29.27% trailing-12-month Return on Common Equity is 145.5% higher than the 11.92% industry average. Additionally, its 4.23% trailing-12-month Capex/Sales is 40.1% higher than the 3.02% industry average.
For the fourth quarter, which ended on December 31, 2023, VLVLY's net sales increased 10.3% year-over-year to SEK 148.12 billion ($14.34 billion). The company's adjusted operating income stood at SEK 18.38 billion ($1.78 billion), reflecting a 51% increase year-over-year.
Moreover, its income for the period and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> rose 80.7% and 81.9%, respectively, over the previous year's quarter to SEK 12.09 billion ($1.17 billion) and SEK 5.93.
Street expects VLVLY's EPS and revenue for fiscal 2025 to increase 10.6% and 5.2% year-over-year to $2.27 and $50.78 billion, respectively. Over the past year, the stock has gained 40.7% to close the last trading session at $27.16.
VLVLY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #12 out of 52 stocks in the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry. It has an A grade for Stability and a B for Quality. To see VLVLY's Growth, Value, Momentum, and Sentiment ratings, <a href="https://stocknews.com/stock/VLVLY/">click here</a>.
Holley Inc. (<a href="https://stocknews.com/stock/HLLY/">HLLY</a>)
HLLY operates as a designer, marketer, and manufacturer of automotive aftermarket products for car and truck enthusiasts. Its products span various automotive platforms and sell across multiple channels.
In terms of the trailing-12-month EBIT margin, HLLY's 10.64% is 42.7% higher than the 7.46% industry average. Likewise, its 13.33% trailing-12-month levered FCF margin is 143.4% higher than the 5.48% industry average. Also, its 14.45% trailing-12-month EBITDA margin is 34.6% higher than the 10.74% industry average.
HLLY's net sales for the third quarter ended October 1, 2023, increased 1.1% year-over-year to $156.53 million. The company's operating income rose 531% year-over-year to $19.32 million.
For the same quarter, its adjusted net income came in at $3.52 million, compared to an adjusted net loss of $4.13 million in the year-ago quarter. Also, its adjusted EBITDA rose 81.5% over the prior-year quarter to $29.71 million.
For the quarter ending March 31, 2024, HLLY's EPS is expected to increase 108.7% year-over-year to $0.11. Its revenue for the same quarter is expected to increase 4.3% year-over-year to $179.59 million. It surpassed the consensus EPS estimates in three of the trailing four quarters. Over the past year, the stock has gained 109.8% to close the last trading session at $4.51.
HLLY's solid prospects are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth and a B for Sentiment and Quality. Within the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry, it is ranked #21 out of 62 stocks. Beyond the grades mentioned above, we have also rated HLLY for Value, Momentum, and Stability. Get all ratings <a href="https://stocknews.com/stock/HLLY/">here</a>.
Motorcar Parts of America, Inc. (<a href="https://stocknews.com/stock/MPAA/">MPAA</a>) 
MPAA manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, wheel hub assemblies and bearings, and brake-related products.
On February 12, 2024, MPAA announced the introduction of over 20 new part numbers for its Quality-Built brake pad and rotor program, expanding coverage to seven million additional vehicles. The new parts are available through QB, Quality-Built, and Quality-Built Black Series brands, reflecting MPAA's commitment to meet demand in the professional installer market.
In terms of the trailing-12-month levered FCF margin, MPAA's 6.05% is 10.5% higher than the 5.48% industry average.
MPAA's net sales for the third quarter that ended December 31, 2023, increased 13.2% year-over-year to $171.86 million. The company's gross profit rose 43.1% year-over-year to $30.04 million. Moreover, its operating income rose 192.5% over the prior-year quarter to $9.52 million.
Analysts expect MPAA's revenue for the quarter ending March 31, 2024, to increase 2% year-over-year to $198.60 million, and its EPS for the quarter ending June 30, 2024, is expected to increase 72.8% year-over-year to $0.07. Over the past nine months, the stock has gained 40.1% to close the last trading session at $9.22.
MPAA's POWR Ratings reflect its positive outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system.
Within the same industry, it is ranked #22. It has an A grade for Growth and a B for Value. <a href="https://stocknews.com/stock/MPAA/">Click here</a> to see MPAA's Momentum, Stability, Sentiment, and Quality ratings.
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VLVLY shares were trading at $27.11 per share on Monday morning, down $0.05 (-0.18%). Year-to-date, VLVLY has gained 4.49%, versus a 6.92% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/vlvly-hlly-mpaa-elevate-your-investments-with-these-3-auto-stocks-to-buy/>Elevate Your Investments With These 3 Auto Stocks to Buy</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Elevate Your Investments With These 3 Auto Stocks to Buy

Warning: MPAA is at high risk of performing badly

HLLY

VLVLY

Press Releases

Gabelli Funds 47th Annual Auto Symposium October 30th and October 31st

Motorcar Parts of America to Present at Gabelli Funds 47Th Annual Automotive Aftermarket Symposium

Motorcar Parts of America to Report Fiscal 2024 Second Quarter Results; Host Conference Call

Motorcar Parts of America Reports Record Results for Fiscal Second Quarter and Six Months

Motorcar Parts of America Launches Initial Phase of Vendor Supply Chain Financing Program

Motorcar Parts of America Extends Credit Facility Maturity With PNC Bank

Motorcar Parts of America Announces Senior Sales Executive Transition

Motorcar Parts of America to Report Fiscal 2024 Third Quarter Results; Host Conference Call

Motorcar Parts of America Reports Results for Fiscal Third Quarter and Nine Months

Motorcar Parts of America Introduces Additional Quality-Built Brake-Related Product Part Numbers to Catalog

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