Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders. It also offers test solutions and diagnostic equipment for electric vehicle powertrain development and manufacturing, including electric motor test systems, e-axle test systems, advanced power emulators, and charging unit test systems, as well as test systems for alternators, starters, belt starter generator, and bench-top testers used in the automotive retail segment and turbochargers. The company sells its products to automotive retail chain stores and warehouse distributors, as well as various automobile manufacturers for their aftermarket programs and warranty replacement programs in North America. Motorcar Parts of America, Inc. was founded in 1968 and is headquartered in Torrance, California.
IPO Year:
Exchange: NASDAQ
Website: motorcarparts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | $14.00 | Overweight | Cantor Fitzgerald |
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Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company has adopted a written trading plan under Rule 10b5-1 of the Securities and Exchange Commission rule to facilitate share repurchases under its current $37 million authorized program, with $16.2 million available as of December 31, 2024. As disclosed in the company's 10-Q filing for its fiscal third quarter ended December 31, 2024, the company repurchased 268,130 shares for $2.1 million at an average share price of $7.82 during the open trading window. The adoption of a 10b5-1 plan allows Motorcar Parts of America the ability to repurchase shares when it would be ordinarily restricted from purchases due to blackout pe
Motorcar Parts of America Inc. (NASDAQ:MPAA) today announced the company has expanded its product coverage programs for starters and alternators, brake calipers, brake pads and brake rotors, with more than 120 new part numbers covering an additional thirty million vehicles in operation. The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series, Pure Energy brands powered by MPA, which serve the professional installer market. A select list of late model part number introductions is available via the link below. A complete list is available by contacting a Motorcar Parts of America sales representative. "Our Quality-Built and Pure Energy products continue t
- Record Sales and Gross Profit with Strong Cash Flow Generation - Motorcar Parts of America, Inc. (NASDAQ:MPAA) today reported results for its fiscal 2025 third quarter and nine-month period ended December 31, 2024, with a continued favorable full-year outlook supported by record third quarter sales and gross profit, and the ongoing benefits of strategic initiatives to further enhance profitability. Key highlights for the fiscal third quarter. Net sales increased 8.3 percent to a fiscal third quarter record $186.2 million. Gross profit increased 49.4 percent to a record $44.9 million. Net income for the quarter was $2.3 million. Generated cash from operating activities of $
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company will issue its fiscal 2025 third quarter results on Monday, February 10, 2025. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live broadcast,
- Record Sales and Gross Profit with Strong Cash Flow Generation - Full-Year Outlook Remains on Track Motorcar Parts of America, Inc. (NASDAQ:MPAA) today reported results for its fiscal 2025 second quarter and six-month period ended September 30, 2024, with a continued favorable full-year outlook supported by record sales and gross profit, and the ongoing benefits of strategic initiatives to further enhance profitability. Key highlights for the fiscal second quarter. Net sales increased 5.9 percent to a record $208.2 million. Gross profit increased to a record $41.3 million, impacted by certain one-time expenses of $2.7 million for onboarding new business, and $1.3 million of tr
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company will issue its fiscal 2025 second quarter results on Tuesday, November 12, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live broadcast,
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the promotion of Craig Meadows and the addition of Jake Boggs to its traditional sales team in advance of the company's participation at the Automotive Aftermarket Products Expo (AAPEX) being held in Las Vegas next week. Craig Meadows (47), an industry veteran with more than 28 years of automotive aftermarket experience, has been promoted to assistant vice president of traditional sales. He joined the company in 2022 as a director of traditional sales. Jake Boggs (44), an industry veteran with more than 20 years of traditional sales, digital marketing and supply chain experience, has been appointed a director of traditional sal
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company has expanded product coverage for its starter and alternator, brake caliper, brake pad, brake shoe, power brake booster and brake rotor programs, with more than 505 new part numbers covering 302 million vehicles in operation. The new part numbers are offered through QB, Quality-Built, Quality-Built Black Series, and Pure Energy brands powered by MPA, which serve the professional installer market. A select list of late model part number introductions is available via the link below. A complete list is available by contacting a Motorcar Parts of America sales representative. Q2 New Part Number Release "In addition to
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced it is scheduled for a fireside chat presentation at Gabelli Funds 48th Annual Automotive Aftermarket Symposium being held in Las Vegas on Tuesday, November 5, 2024 at 1:00 p.m. Pacific time. The fireside chat will be available for viewing by registering in advance via the link https://www.gabelli.com/conferences/automotive_symposium. The symposium coincides with the company's participation at the Automotive Aftermarket Products Expo (AAPEX) also in Las Vegas the same week. ABOUT MOTORCAR PARTS OF AMERICA Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- inclu
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Recently, on June 17, 2024, Director Bison Capital Partners Vi, L.P. made a significant move by purchasing $874,000 worth of Motorcar Parts of America Inc. shares. This purchase consisted of 150,000 units at a price of $5.83 per share, marking a substantial increase in direct ownership by 150% to 250,000 units as reported in SEC Form 4. The timing and scale of this insider purchase are noteworthy as it indicates a strong belief in the company's future prospects. Examining the series of insider transactions involving Motorcar Parts of America Inc. insiders, there seem to be interesting patterns emerging. In particular, Ferguson Joseph Edwin, Rankin Jamy P., and Gay Philip all converted optio
On June 18, 2024, Director Bison Capital Partners Vi, L.P. bought $116,319 worth of shares (20,300 units at $5.73), increasing their direct ownership by 8% to 270,300 units, as reported in SEC Form 4. This insider purchase indicates a strong show of confidence in the future prospects of Motorcar Parts of America Inc. When analyzing this transaction alongside other recent activities by company insiders, some interesting patterns emerge. Gay Philip converted options into 6,596 shares, increasing his direct ownership by 18% to 42,576 units back on November 16, 2023. This move indicated a bullish sentiment from an insider perspective. However, not all insider activities were positive. Borneo R
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Cantor Fitzgerald initiated coverage of Motorcar Parts of America with a rating of Overweight and set a new price target of $14.00
Roth Capital reiterated coverage of Motorcar Parts of America with a rating of Buy and set a new price target of $30.00 from $28.00 previously
B. Riley reiterated coverage of Motorcar Parts of America with a rating of Buy and set a new price target of $28.00 from $25.00 previously
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced continued success in the strategic evolution of the company's emerging brake-related product offerings. To further enhance its strategic growth initiatives, the company announced the appointment of Dan Lelchuk as a director of business development for brake products. He will be focused on supporting and enhancing the company's brake caliper, brake pad and brake rotor product offerings. An industry veteran, Lelchuk's career includes serving as president, chief executive officer and co-founder of Centric Parts. Earlier in his career, he held a variety of brake-related executive sales and marketing positions for leading global aut
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the appointment of Patricia (Tribby) W. Warfield to its board of directors --reflecting the company's strong commitment to board diversity, experience, and solid corporate governance policies. The Motorcar Parts of America board now consists of 11 directors, 10 of whom are independent. "Tribby offers a wealth of automotive, industrial and distribution experience that will be invaluable to the company as we continue to benefit from the company's global footprint. We look forward to her advice and counsel at an exciting stage in the company's evolution, which today includes numerous complementary and high-demand product line offe
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the appointment of Jamy Rankin to its board of directors --reflecting the company’s strong commitment to board diversity and solid corporate governance policies. The Motorcar Parts of America board now consists of ten directors, nine of whom are independent. “Jamy offers a wealth of automotive aftermarket experience that will be invaluable to the company as we continue to grow. We look forward to her advice and counsel at an exciting time in the company’s evolution,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc. Rankin, 57, most re
- Record Sales and Gross Profit with Strong Cash Flow Generation - Motorcar Parts of America, Inc. (NASDAQ:MPAA) today reported results for its fiscal 2025 third quarter and nine-month period ended December 31, 2024, with a continued favorable full-year outlook supported by record third quarter sales and gross profit, and the ongoing benefits of strategic initiatives to further enhance profitability. Key highlights for the fiscal third quarter. Net sales increased 8.3 percent to a fiscal third quarter record $186.2 million. Gross profit increased 49.4 percent to a record $44.9 million. Net income for the quarter was $2.3 million. Generated cash from operating activities of $
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company will issue its fiscal 2025 third quarter results on Monday, February 10, 2025. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live broadcast,
- Record Sales and Gross Profit with Strong Cash Flow Generation - Full-Year Outlook Remains on Track Motorcar Parts of America, Inc. (NASDAQ:MPAA) today reported results for its fiscal 2025 second quarter and six-month period ended September 30, 2024, with a continued favorable full-year outlook supported by record sales and gross profit, and the ongoing benefits of strategic initiatives to further enhance profitability. Key highlights for the fiscal second quarter. Net sales increased 5.9 percent to a record $208.2 million. Gross profit increased to a record $41.3 million, impacted by certain one-time expenses of $2.7 million for onboarding new business, and $1.3 million of tr
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company will issue its fiscal 2025 second quarter results on Tuesday, November 12, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live broadcast,
- Record Sales for a First Quarter; Full-Year Outlook Remains on Track Motorcar Parts of America, Inc. (NASDAQ:MPAA) today reported results for its fiscal 2025 first quarter ended June 30, 2024, with a continued favorable full-year outlook supported by a strong competitive industry position and ongoing strategic initiatives to enhance profitability. Key highlights for the fiscal first quarter. Net sales increased 6.4 percent to $169.9 million. Gross profit increased 9.8 percent to $29.2 million. Gross margin increased modestly to 17.2 percent. Operating results impacted by an unfavorable non-cash $11.1 million foreign exchange loss from lease liabilities and forward contract
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company will issue its fiscal 2025 first quarter results on Thursday, August 8, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live broadcast,
- Record Sales for the Fiscal Year; Operating Income Up Sharply; Solid Outlook with Strong Cash Flow Motorcar Parts of America, Inc. (NASDAQ:MPAA) today reported results for its fiscal 2024 fourth quarter and year ended March 31, 2024 – reflecting year-over-year increases in sales, operating income and cash flow from operating activities, despite industry softness in the fourth quarter. Key highlights for the fiscal year. Net sales increased 5.1 percent to $717.7 million. Gross profit increased 16.3 percent to $132.6 million. Gross margin increased 1.8 percentage points to 18.5 percent. Operating income increased 26.5 percent to $46.1 million. The company generated cash f
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced the company will issue its fiscal 2024 fourth quarter and year-end results on Tuesday, June 11, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live
Motorcar Parts of America, Inc. (NASDAQ:MPAA) today announced Selwyn Joffe, the company's chairman, president and chief executive officer, and senior members of its leadership team will preside over the Nasdaq Closing Bell ceremony at 4:00 p.m. Eastern time on Wednesday, May 22, 2024. The ceremony will be held in the broadcast studio of the Nasdaq MarketSite located at 4 Times Square, 43rd Street and Broadway, in New York City. The ceremony can be viewed via the link below beginning at approximately 3:45 p.m. Eastern time: https://www.nasdaq.com/marketsite/bell-ringing-ceremony "The closing bell ceremony is an opportunity to showcase our company's 30-year history on Nasdaq and its leade
– Record Sales for Nine Months; Operating Income Up Sharply; Strong Cash Flow – Motorcar Parts of America, Inc. (NASDAQ:MPAA) today reported results for its fiscal 2024 third quarter and nine-months ended December 31, 2023 -- reflecting a strong increase in net sales, operating income and cash flow from operating activities. Key highlights for the fiscal third quarter. Net sales increased 13.2 percent to $171.9 million. Gross margin improved by 3.7 percentage points. Gross profit increased 43.1 percent to $30.0 million. Operating income increased 170.1 percent to $9.5 million. The company generated cash of approximately $53.6 million. Net sales for the fiscal 2024 thir