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- 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 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
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
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)
S-8 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Filer)
10-Q - MOTORCAR PARTS OF AMERICA INC (0000918251) (Filer)
8-K - MOTORCAR PARTS OF AMERICA INC (0000918251) (Filer)
- 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
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
Gainers Zapp Electric Vehicles (NASDAQ:ZAPP) shares rose 183.9% to $2.03 during Thursday's regular session. The market value of their outstanding shares is at $6.3 million. E-Home Household Service (NASDAQ:EJH) stock moved upwards by 20.08% to $0.72. The market value of their outstanding shares is at $12.8 million. Motorcar Parts of America (NASDAQ:MPAA) shares moved upwards by 17.62% to $5.9. The market value of their outstanding shares is at $116.1 million. As per the news, the Q4 earnings report came out 2 days ago. NWTN (NASDAQ:NWTN) stock moved upwards by 17.33% to $1.76. The company's market cap stands at $503.6 million. United Homes Gr (NASDAQ:UHG) shares moved upwards by 13.14%
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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SC 13G - MOTORCAR PARTS OF AMERICA INC (0000918251) (Subject)
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