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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2024 | $14.00 | Overweight | Cantor Fitzgerald |
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
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 $
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
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
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
SC 13G - MOTORCAR PARTS OF AMERICA INC (0000918251) (Subject)
SC 13G - MOTORCAR PARTS OF AMERICA INC (0000918251) (Subject)
SC 13D/A - MOTORCAR PARTS OF AMERICA INC (0000918251) (Subject)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
SCHEDULE 13G - MOTORCAR PARTS OF AMERICA INC (0000918251) (Subject)
SCHEDULE 13G - MOTORCAR PARTS OF AMERICA INC (0000918251) (Subject)
10-Q - MOTORCAR PARTS OF AMERICA INC (0000918251) (Filer)
- 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