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, Inc. (NASDAQ: MPAA) is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts and diagnostic testing equipment serving imported and domestic passenger vehicles, light trucks, and heavy-duty applications. This news page aggregates company-specific coverage so readers can follow developments that the company reports to investors and the market.
Company news frequently centers on financial results, including quarterly and annual earnings releases that discuss net sales, gross profit, operating income, cash flow from operating activities, and net bank debt levels. These updates often highlight record sales or gross profit figures for specific periods, as well as commentary on non-GAAP measures such as EBITDA as presented in company communications and related Form 8-K filings.
Motorcar Parts of America also issues news regarding capital allocation and share repurchases. The board of directors has authorized a share repurchase program, which has been increased to a total authorization of $57 million, and the company has reported repurchasing shares under this program, supported by cash generated from operations.
Other recurring news topics include guidance updates for upcoming fiscal years, commentary on industry dynamics in the non-discretionary automotive aftermarket, and information about index inclusion, such as the company’s addition to the Russell 3000 Index. The company also publishes announcements about investor conference participation, fireside chats, and automotive aftermarket symposiums, as well as notifications of upcoming earnings conference calls and webcasts.
Governance and leadership items, such as changes in general counsel roles or board resignations, appear in both press releases and related Form 8-K filings. Together, these news items provide context on Motorcar Parts of America’s operations, financial performance, governance, and strategic focus areas. Investors and observers can use this news feed to monitor how the company describes its progress in the non-discretionary automotive aftermarket and its activities in electric vehicle testing solutions.
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.
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.
FAQ
What is the current stock price of Motorcar Parts (MPAA)?
What is the market cap of Motorcar Parts (MPAA)?
