Motorcar Parts of America

Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, drums and rotors, brake pads and shoes, calipers, brake master cylinders, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

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Motorcar Parts of America reports record sales and strategic investments

Motorcar Parts of America (MPAA) reported record sales levels for Q4 and fiscal year, with a positive outlook for product demand and gross margin improvement in fiscal 2024. The company announced a strategic convertible note investment to enhance liquidity and capital resources. However, high-interest rates continue to impact profitability, and the company faces ongoing challenges in managing operational and financial aspects of the business. Despite these challenges, there are opportunities for improved financial performance through enhanced gross margins, cash flow, and strategic growth initiatives.

MPAA anticipates margin expansion and strong sales despite fiscal challenges

MPAA's Q2 2023 earnings call reflects a strong recovery and record sales, with a focus on margin expansion and operational efficiencies. Despite challenges in achieving profitability, the company is well-positioned to capitalize on opportunities presented by strong demand for replacement parts and an aging car park.

Motorcar Parts of America faces challenges but anticipates record sales

Motorcar Parts of America (MPAA) faced challenges in Q3 with lower sales impacting production and gross margins, leading to a net loss for the nine-month period.
Despite these challenges, the company's CFO reported Q3 net sales of $151.8 million and gross profit of $21 million, with expectations of improved operating profit in Q4.
MPAA anticipates record sales for Q4 between $183.6 million and $191.6 million, with adjusted EBITDA expected to be between $27.5 million and $32.5 million.
Looking ahead, MPAA is excited about future growth prospects, with plans to participate in investor conferences and the next fiscal year-end call in June.

Motorcar Parts of America reports record sales and growth opportunities

Motorcar Parts of America (MPAA) delivered strong financial performance in Q4 2023, with a focus on margin improvement, cash flow generation, and strategic growth initiatives.
Despite challenges from high interest rates and margin pressures, the company is well-positioned to capitalize on opportunities for revenue growth and operational efficiency.
The commitment to enhancing cash flow, profitability, and addressing industry challenges underscores MPAA's resilience and strategic vision for sustainable growth.

Motorcar Parts of America posts strong Q1 results, eyes growth opportunities

Motorcar Parts of America (MPAA) delivered a robust performance in Q1 2024, focusing on sales recovery, margin expansion, and operational efficiencies. Despite challenges like weather-related slowdowns and supply chain disruptions, the company remains optimistic about growth opportunities and market leadership.

Motorcar Parts of America reports record sales and optimistic outlook

Motorcar Parts of America (MPAA) delivered a strong performance in Q2 2024, with record sales and improved financial metrics, driven by operational efficiencies and strategic focus.
Despite facing challenges in achieving profitability, MPAA's optimistic outlook, strong aftermarket fundamentals, and management's expertise present opportunities for sustained growth.
Investors can look forward to continued growth momentum, as MPAA aims to leverage market share gains, price increases, and operational enhancements for future success.

Motorcar Parts of America reports strong Q3 performance and growth outlook

MPAA's Q3 2024 performance showcased strong operating results, improved gross margins, and a focus on sales growth and profitability.
Despite challenges like higher interest expenses and working capital management, the company remains optimistic about long-term growth opportunities.
Expansion plans in Mexico and Malaysia, along with new product lines, position MPAA for growth and enhanced cash flow generation in the aftermarket parts market.

Motorcar Parts of America reports robust fiscal year '24 performance

Motorcar Parts of America (MPAA) demonstrated resilience and strategic focus in navigating industry challenges, with a strong emphasis on financial discipline and operational efficiency.
The company's performance in fiscal year '24 showcased improvements in key financial metrics, despite headwinds, setting a positive trajectory for future growth and profitability.
MPAA's commitment to margin accretion, growth opportunities, and governance excellence positions it well to capitalize on market opportunities and strengthen its competitive position.

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Motorcar Parts of America, Inc. engages in the manufacture, remanufacture, and distribution of automotive parts. It operates through the following segments: Hard Parts, Test Solutions and Diagnostic Equipment, and Heavy Duty. The Hard Parts segment is composed of light duty rotating electric products such as alternators and starters, wheel hub products, and brake-related products. The Test Solutions and Diagnostic Equipment segment represents bench top testers for alternators and starters, test solutions and diagnostic equipment for the pre- and post-production of electric vehicles, and software emulation of power systems applications for the electrification of all forms of transportation. The Heavy Duty segment deals with non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

Shares of Motorcar Parts of America (NASDAQ:MPAA) decreased 2.5% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 975.00% over the past year to $0.43, which beat the estimate of $0.23.

Recap: Motorcar Parts of America Q1 Earnings

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2022 first quarter ended June 30, 2021 – reflecting record sales for a fiscal first quarter. Net sales for the fiscal 2022 first quarter increased 56.3 percent to $149.0 million from $95.4 million a year ago, and 36.5 percent from the pre-COVID fiscal first quarter two years ago. Net income for the fiscal 2022 first quarter was $861,000, or $0.04 per diluted share, compared with a

Motorcar Parts of America Reports Strong Fiscal 2022 First Quarter

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2022 first quarter on Monday, August 9, 2021. 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 au

Motorcar Parts of America to Report Fiscal 2022 First Quarter Results; Host Conference Call

Motorcar Parts (MPAA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Motorcar Parts (MPAA) to Report Q1 Results: Wall Street Expects Earnings Growth

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced it received AutoZone Mexico's Extra Miler award for outstanding service at the automotive retailer's Vendor Summit held virtually this week. The Extra Miler award for Mexico recognizes a select group of AutoZone's several hundred suppliers who are unfazed by obstacles, go above and beyond the call of duty, exceed expectations and consistently do more than expected. As previously announced, Motorcar Part

Motorcar Parts of America Receives Extra Miler Award From AutoZone Mexico

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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Motorcar Parts (MPAA)

Motorcar Parts of America, Inc. (MPAA) CEO Selwyn Joffe on Q4 2021 Results - Earnings Call Transcript

Motorcar Parts of America Inc (NASDAQ: MPAA) reported fourth-quarter FY21 sales of $168.1 million, up 11.5% year-on-year, beating the analyst consensus of $153.3 million. FY21 sales were $540.8 million, a 1% increase Y/Y.

Motorcar Parts Beats On Q4 Earnings, Doesn't Provide Guidance

Shares of Motorcar Parts of America (NASDAQ:MPAA) remained unaffected after the company reported Q4 results. Quarterly Results Earnings per share were up 25.42% over the past year to $0.74, which beat the estimate of $0.64.

Recap: Motorcar Parts of America Q4 Earnings

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2021 fourth quarter and year ended March 31, 2021 – reflecting record sales for the quarter and fiscal year with strong profitability. Fiscal 2021 Fourth Quarter Results Net sales for the fiscal 2021 fourth quarter increased 11.5 percent to a record $168.1 million from $150.7 million, which was a record a year ago. Net income for the fiscal 2021 fourth quarter was $835,000, or $0.0

Motorcar Parts of America Reports Fiscal 2021 Fourth Quarter and Year-End Results

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced it received AutoZone's Extra Miler award for outstanding service at the automotive retailer's Vendor Summit held virtually this week. The Extra Miler award is presented annually to a select group of AutoZone's several hundred suppliers who are unfazed by obstacles, go above and beyond the call of duty, exceed expectations and consistently do more than expected. “Product quality, technical excellence and

Motorcar Parts of America Receives Extra Miler Award From AutoZone

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2021 fourth quarter and year end on Monday, June 14, 2021. 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 thro

Motorcar Parts of America to Report Fiscal 2021 Fourth Quarter and Year-end Results; Host Conference Call

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation on Wednesday, June 16, 2021, at 9:55 a.m. Eastern time at the 21st Annual Oppenheimer Consumer Growth and E-Commerce Conference being held this year in a virtual format. A live audio webcast of the discussion will be available through the link www.motorcarparts.com and the company's events and presentations tab of the investor section of the website. The w

Motorcar Parts of America to Present at the 21st Annual Oppenheimer Consumer Growth Conference

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced it has extended the maturity date of the loan agreement of the company's existing credit facility led by PNC Bank, N.A. to May 2026 – including amendments which further enhance the company's strong liquidity base. The credit facility amount remains unchanged, with an aggregate facility of approximately $269 million – consisting of a $238.62 million revolver and a $30 million term loan facility. “The ext

Motorcar Parts of America Announces Extension of Credit Facility

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics recently received two orders valued at more than $2 million for advanced power hardware-in-the-loop testbed (p-HIL) and inverter test systems from global electric vehicle manufacturers in China and Europe. Additional terms were not disclosed. “These orders continue a series of meaningful wins with major automotive and transportation companies that are focu

Motorcar Parts of America's Subsidiary Gains Orders as Global Automotive Manufacturers Accelerate Electric Vehicle Development Programs

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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics, based in Woodbridge, Ontario, has established a collaboration agreement with Austin, Texas-based NI (Nasdaq: NATI) to market Power Hardware-in-the-loop (Power-HIL) emulator-based test solutions, including inverter test applications, to automotive electric vehicle manufacturers for electrified powertrain development. Power-HIL testing is critical to the de

Motorcar Parts of America's D&V Electronics Announces Collaboration Agreement With NI Corporation

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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced Selwyn Joffe has received Federated Auto Parts' 2021 Vendor Hall of Fame award. Induction to the Federated Vendor Hall of Fame is an annual award in recognition of exceptional contributions to Federated Auto Parts and its members by an individual. The award was presented by Bo Fisher, co-chairman of the Automotive Parts Services Group, at the recent 2021 “The Group” Virtual National Conference & Expo

Motorcar Parts of America's Chief Executive Honored by Federated Auto Parts for Contributions to Industry; Inducted to Vendor Hall of Fame

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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has expanded its presence in North America with the opening of a state-of-the art technical center in the Detroit area -- providing automobile manufacturers with a convenient location for electric powertrain testing solutions to measure performance, reliability and manufacturing quality, as well as on-site engineering support. “The electric vehicle (EV) ma

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