Motorcar Parts of America (MPAA) Reiterated at Overweight by Cantor Fitzgerald
Cantor Fitzgerald analyst Derek Solderberg reiterated an Overweight rating and $20.00 price target on Motorcar Parts of America (NASDAQ: MPAA).
The analyst commented, "MPAA closed fiscal 2026 with a strong fourth quarter. F4Q26 net sales rose 9.9% to $212.3M, well-ahead of FactSet consensus of $176.0M estimate. Last quarter, a large customer paused ordering due to the consolidation of distribution facilities. That customer resumed ordering in F4Q, which contributed to the upside. Adjusted gross margin expanded to 25.8% due to stronger brake pad sales. The competitive backdrop (First Brands bankruptcy) and broad execution continue to help market share growth. We reiterate our Overweight rating and $20 PT. "
For an analyst ratings summary and ratings history on Motorcar Parts of America click here. For more ratings news on Motorcar Parts of America click here.
Shares of Motorcar Parts of America closed at $14.25 yesterday.
