Welcome to our dedicated page for Motorcar Parts news (Ticker: MPAA), a resource for investors and traders seeking the latest updates and insights on Motorcar Parts stock.
Motorcar Parts of America (MPAA) is a leading automotive aftermarket specialist manufacturing and remanufacturing essential components including rotating electrical systems, brake master cylinders, and wheel hub assemblies. This news hub provides investors and industry professionals with centralized access to official updates and market developments.
Track MPAA's financial announcements, product innovations, and sustainability initiatives through verified press releases, earnings reports, and strategic partnership updates. Our curated collection features quarterly financial results, manufacturing expansions, and industry recognition announcements alongside operational developments in remanufacturing processes.
Stay informed about MPAA's position in the competitive automotive parts sector through timely updates on North American distribution networks, OEM warranty programs, and environmental initiatives. Bookmark this page for direct access to primary source materials that impact investment decisions and market analysis.
Motorcar Parts of America (MPAA) has implemented a Rule 10b5-1 trading plan to facilitate share repurchases under its $37 million authorized program, with $16.2 million remaining available as of December 31, 2024. The company has already repurchased 268,130 shares for $2.1 million at an average price of $7.82 per share during the open trading window.
The 10b5-1 plan enables MPAA to conduct share repurchases during blackout periods or when possessing material non-public information, subject to specific price, market, volume, and timing constraints. The company maintains discretion to terminate the plan at any time, and there is no obligation to purchase shares.
Motorcar Parts of America (MPAA) has announced a significant expansion of its product coverage programs, introducing more than 120 new part numbers that will cover an additional 30 million vehicles in operation. The expansion encompasses starters, alternators, brake calipers, brake pads, and brake rotors.
The new parts will be distributed through the company's professional installer market brands including QB, Quality-Built, Quality-Built Black Series, and Pure Energy powered by MPA. The company emphasizes its proactive approach to developing, cataloging, and distributing products to meet market demand.
Motorcar Parts of America (MPAA) reported record results for fiscal 2025 third quarter ended December 31, 2024. Net sales increased 8.3% to $186.2 million, while gross profit surged 49.4% to $44.9 million. The company reported net income of $2.3 million, or $0.11 per diluted share.
Key highlights include strong cash flow generation of $34.4 million from operating activities and reduction of net bank debt by $30.3 million to $84.0 million. The company repurchased 268,130 shares for $2.1 million at an average price of $7.82. Gross margin improved to 24.1% compared to 17.5% in the previous year, while interest expense decreased by $3.9 million to $14.4 million.
For the nine-month period, net sales grew 6.8% to $564.2 million, though the company recorded a net loss of $18.7 million, or $0.95 per share.
Motorcar Parts of America (NASDAQ: MPAA) has announced it will release its fiscal 2025 third quarter results on Monday, February 10, 2025. The company will host an investor conference call on the same day at 10:00 a.m. Pacific time, featuring Chairman, President and CEO Selwyn Joffe and CFO David Lee.
Investors can access the call through a live audio webcast on the company's investor relations website or by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). The call recording will be archived on the company's website, and a telephone playback will be available from 1:00 p.m. Pacific time on February 10 through 8:59 p.m. Pacific time on February 17, 2025, accessible via (800) 770-2030 (domestic) or (609) 800-9909 (toll) using access code 1545314.
Motorcar Parts of America (MPAA) reported fiscal 2025 second quarter results with record sales of $208.2 million, up 5.9% year-over-year, and record gross profit of $41.3 million. The company generated $22.9 million in operating cash flow and reduced net bank debt by $22.0 million. Despite these achievements, the quarter saw a net loss of $3.0 million ($0.15 per share), impacted by $8.0 million in non-cash expenses and $1.1 million in one-time expenses. The company maintains its fiscal 2025 guidance with projected sales between $746-766 million, representing 3.9-6.7% growth, and operating income expected between $79-84 million.
Motorcar Parts of America (Nasdaq: MPAA) has announced it will release its fiscal 2025 second quarter results on Tuesday, November 12, 2024. Chairman, president and CEO Selwyn Joffe and CFO David Lee will host an investor conference call at 10:00 a.m. Pacific time on the same day. Investors can join via web broadcast through the company's website or by calling designated numbers. The call will be archived on the company's website, with telephone playback available from 1:00 p.m. Pacific time on November 12 through 8:59 p.m. Pacific time on November 19, 2024.
FAQ
What is the current stock price of Motorcar Parts (MPAA)?
What is the market cap of Motorcar Parts (MPAA)?
