NEW YORK (TheStreet) -- Motorcar Parts of America (MPAA) shares are up 5.63% to $31.50 in pre-market trading on Monday after the aftermarket auto parts distributor reported its fourth quarter earnings results before the opening bell today.
The Torrance, CA-based company reported fourth quarter earnings of 53 cents per share, beating analysts' consensus estimates of 43 cents per share by 10 cents.
Revenue for the period rose 18.5% to $90.9 million, also topping analysts' consensus $89.04 million guidance.
"Results for fiscal 2015 reflect a record year for both sales and adjusted profitability. Market share gains in each of our product lines contributed to this strong performance, establishing a solid business base for future growth. We are well-positioned as we begin a new fiscal year, supported by an aging vehicle population, increased miles driven, positive operating synergies and product line expansion opportunities," said CEO Selwyn Joffe.
TheStreet Ratings team rates MOTORCAR PARTS OF AMER INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MOTORCAR PARTS OF AMER INC (MPAA) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: MPAA Ratings Report