The CFO of Motorcar Parts Of America (MPAA) is Buying Shares


Today, the CFO of Motorcar Parts Of America (NASDAQ: MPAA), David Sung Lee, bought shares of MPAA for $19.92K.

Following this transaction David Sung Lee’s holding in the company was increased by 10.84% to a total of $194.3K. In addition to David Sung Lee, 2 other MPAA executives reported Buy trades in the last month.

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Based on Motorcar Parts Of America’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $121 million and quarterly net profit of $9.2 million. In comparison, last year the company earned revenue of $114 million and had a net profit of $9.81 million. MPAA’s market cap is $359M and the company has a P/E ratio of 22.89. Currently, Motorcar Parts Of America has an average volume of 310.5K.

Four different firms, including B.Riley FBR and C.L. King, currently also have a Buy rating on the stock.

The insider sentiment on Motorcar Parts Of America has been positive according to 36 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

David Sung Lee’s trades have generated a 16.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, master cylinders, hub assemblies and bearings, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

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