Roth Capital reiterates a Buy rating and $37.00 price target on Motorcar Parts of America (NASDAQ: MPAA) following FQ4 results. MPAA reported EPS of $0.53 compared to $0.43 consensus. MPAA’s FQ4 revenue was $90.9mn vs. consensus of $89.0mn.

Analyst Matt Koranda commented, "MPAA posted double digit revenue growth in both rotating electrical and wheel hubs. GM lift in rotating electrical appears evident in FQ4 (from increased utilization at the Tijuana facility), and we look for strong utilization to continue as MPAA tucks in its recent OE Plus acquisition and wins incremental share in rotating electrical. We are taking up revenue and EPS estimates. Reiterate Buy and $37 PT."

Koranda also added, "We increase our FY’16 revenue estimate to $375.9mn vs. prior consensus of $374.6mn and prior ROTHe of $356.8mn, driven by our expectation for an across-the-board increase in revenue in all categories. Our FY’16 GMs are now 30.4% vs. prior consensus of 31.2% and prior ROTHe of 30.5%, driven largely by mix shift. We leave annual opex largely unchanged, and touch down interest expense (given the recent debt refi), resulting in our FY’16 non-GAAP EPS estimate of $2.02 vs. prior consensus of $2.03 and prior ROTHe of $1.74."

For an analyst ratings summary and ratings history on Motorcar Parts of Americabb click here. For more ratings news on Motorcar Parts of America click here.

Shares of Motorcar Parts of America closed at $29.20 yesterday.