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Motorcar Parts of America Inc. - MPAA STOCK NEWS

Welcome to our dedicated news page for Motorcar Parts of America (Ticker: MPAA), a resource for investors and traders seeking the latest updates and insights on Motorcar Parts of America.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Motorcar Parts of America's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Motorcar Parts of America's position in the market.

News
Motorcar Parts of America Introduces Additional Quality-Built Brake-Related Product Part Numbers to Catalog
Rhea-AI Summary
Motorcar Parts of America Inc. (MPAA) expands its product coverage for the Quality-Built brake pad and brake rotor program with over 20 new part numbers, targeting an additional seven million vehicles. The company aims to cater to the professional installer market with its QB, Quality-Built, and Quality-Built Black Series brands. The introduction of new part numbers demonstrates MPAA's commitment to meeting market demand swiftly.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.58%
Tags
none
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News
Motorcar Parts of America Reports Results for Fiscal Third Quarter and Nine Months
Rhea-AI Summary
Motorcar Parts of America, Inc. (MPAA) reports record sales for the nine months, with a sharp increase in operating income and strong cash flow. Key highlights include a 13.2% increase in net sales to $171.9 million, a 43.1% increase in gross profit to $30.0 million, and a 170.1% increase in operating income to $9.5 million. Despite a net loss of $47.2 million for the fiscal third quarter due to non-cash items, the company generated $53.6 million in cash from operating activities. For the nine-month period, net sales increased by 8.2% to a record $528.2 million, with a gross profit increase of 25.6% to $97.8 million. Operating income rose by 166.7% to $33.9 million. The company reduced net bank debt by $43.7 million during this period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.23%
Tags
earnings
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News
Motorcar Parts of America to Report Fiscal 2024 Third Quarter Results; Host Conference Call
Rhea-AI Summary
Motorcar Parts of America, Inc. (MPAA) will release its fiscal 2024 third-quarter results on February 9, 2024. The chairman, president, and CEO, along with the CFO, will host an investor conference call to discuss the financial results and operations. The call will be open to all interested investors through a live audio web broadcast or by phone. For those unable to listen live, the call will be archived on the company's website, and a telephone playback will be available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
Tags
conferences earnings
News
Motorcar Parts of America Announces Senior Sales Executive Transition
Rhea-AI Summary
Motorcar Parts of America, Inc. (MPAA) announced the promotion of Jamie Cook to senior vice president of sales and marketing, succeeding Rick Mochulsky who will transition to a new role as senior vice president of business development. Cook, with extensive experience in the automotive aftermarket industry, has been with the company since 2007. The company expressed appreciation for Mochulsky's contributions and looks forward to benefiting from his industry knowledge in his new role. Cook is well-respected by customers and is committed to the company's strategic growth and competitive industry position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
none
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News
Motorcar Parts of America Extends Credit Facility Maturity With PNC Bank
Rhea-AI Summary
Motorcar Parts of America, Inc. (MPAA) extends the maturity date of its $238.62 million revolver credit facility with PNC Bank, N.A. to December 2028, providing working capital flexibility, liquidity, and favorable terms. The company also paid down its outstanding $11.25 million term loan. The extension reflects the company's strong position in the automotive aftermarket and reinforces its relationship with PNC and the bank lending syndicate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.6%
Tags
none
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News
Motorcar Parts of America Launches Initial Phase of Vendor Supply Chain Financing Program
Rhea-AI Summary
Motorcar Parts of America (MPAA) has launched a vendor supply chain financing program to improve payment terms and cash flow for vendors and the company. The program will be administered by a leading FinTech company and will provide suppliers with early payment options while maintaining non-recourse accounts payable treatment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.83%
Tags
none
News
Motorcar Parts of America Reports Record Results for Fiscal Second Quarter and Six Months
Rhea-AI Summary
Motorcar Parts of America, Inc. (Nasdaq: MPAA) reported record sales and gross profit in Q2 2024, with a 14.0% increase in net sales to $196.6 million and a net loss improvement to $2.0 million. The company generated $15 million of cash from operating activities and intentionally deferred collecting $15 million of receivables for interest expense savings. The strong demand for automotive parts is expected to drive further operational efficiencies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
earnings
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News
Motorcar Parts of America to Report Fiscal 2024 Second Quarter Results; Host Conference Call
Rhea-AI Summary
Motorcar Parts of America, Inc. (Nasdaq: MPAA) will release its fiscal 2024 second quarter results on November 9, 2023. Selwyn Joffe and David Lee will host an investor conference call at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be accessible through a live audio webcast or by phone. The call will be archived on the company's website, and a telephone playback will be available until November 16, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
conferences earnings
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News
Motorcar Parts of America to Present at Gabelli Funds 47Th Annual Automotive Aftermarket Symposium
Rhea-AI Summary
Motorcar Parts of America, Inc. (MPAA) to present at Gabelli Funds 47th Annual Automotive Aftermarket Symposium in Las Vegas on October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
conferences
News
Motorcar Parts of America Reports Fiscal First Quarter Results
Rhea-AI Summary
Motorcar Parts of America reports Q1 2024 results with net sales of $159.7 million, a net loss of $1.4 million, and gross profit of $26.6 million. The company's full-year outlook remains on track with strong positive cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.89%
Tags
earnings
Stock MPAA logo
Motorcar Parts of America Inc.

Nasdaq:MPAA

MPAA Rankings

#4193 Ranked by Market Cap
#4978 Ranked by Stock Gains
N/A Ranked by Dividends

MPAA Stock Data

122.69M
15.95M
5.32%
88.64%
2.95%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
Link
US
Torrance

About MPAA

motorcar parts of america, inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts -- including alternators, starters, wheel hub assembly and brake master cylinder products utilized in imported and domestic passenger vehicles, light trucks and heavy duty applications. motorcar parts of america’s products are sold to automotive retail outlets and the professional repair market throughout the united states and canada, with facilities located in california, mexico, malaysia and china; and administrative offices located in california, tennessee, mexico, singapore, malaysia and toronto. saving resources for future generations. remanufacturing is the most efficient process for replacement parts – potentially reducing material and energy consumption by as much as 91% versus traditional manufacturing.* mpa’s reclaims and reconditions all non-wearing parts during the remanufacturing process. by recovering these components, mpa saves both the energy and material to