Motorcar Parts Stock Price, News & Analysis

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.

Motorcar Parts of America (MPAA) announced key changes to its traditional sales team. Craig Meadows, with 28 years of automotive aftermarket experience, has been promoted to assistant vice president of traditional sales. Jake Boggs, bringing 20 years of industry experience, joins as director of traditional sales. The company's Quality-Built brake products are gaining market share in traditional channels, with management expressing optimism about the traditional market ahead of their participation in the Automotive Aftermarket Products Expo (AAPEX) in Las Vegas.

Motorcar Parts of America (MPAA) announced a significant expansion of its product coverage, introducing 505 new part numbers covering 302 million vehicles in operation. The expansion includes starters, alternators, brake calipers, brake pads, brake shoes, power brake boosters, and brake rotors. The products are offered through multiple brands including QB, Quality-Built, Quality-Built Black Series, and Pure Energy brands powered by MPA, targeting the professional installer market.

Motorcar Parts of America (Nasdaq:MPAA) has announced its scheduled participation in a fireside chat presentation at the Gabelli Funds 48th Annual Automotive Aftermarket Symposium in Las Vegas. The presentation is set for Tuesday, November 5, 2024, at 1:00 p.m. Pacific time. Interested parties can view the fireside chat by registering in advance through Gabelli's website. The symposium coincides with the company's participation in the Automotive Aftermarket Products Expo (AAPEX), also taking place in Las Vegas during the same week.

Motorcar Parts of America (Nasdaq: MPAA) reported results for its fiscal 2025 first quarter ended June 30, 2024. Net sales increased 6.4% to a record $169.9 million for a first quarter. Gross profit rose 9.8% to $29.2 million, with gross margin improving to 17.2%. However, the company faced challenges, including an $11.1 million non-cash foreign exchange loss and increased interest expenses. Despite these hurdles, MPAA implemented cost-reduction initiatives expected to yield $7 million in annual savings. The company maintains a positive full-year outlook, anticipating improvements in gross margins, profit, and cash flow in upcoming quarters.