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Why Motorcar Parts Of America Shares Are Trading Lower Today

Motorcar Parts Of America, Inc. (NASDAQ:MPAA) shares are trading lower on Tuesday. The company reported the fourth quarter net sales of $189.5 million compared with $194.7 million in the prior year. Sales missed the street view of $198.6 million. Gross profit for the fourth quarter was $34.8 million compared with $36.2 million a year earlier. The gross margin for the fourth quarter was ...