Motorcar Parts Stock Price, News & Analysis

Motorcar Parts of America (Nasdaq: MPAA) will release its fiscal 2023 third-quarter results on February 9, 2023. CEO Selwyn Joffe and CFO David Lee will host an investor conference call at 10:00 a.m. Pacific Time to discuss financial results and operations. Investors can access the call via a live audio Web broadcast on www.motorcarparts.com or by phone. A playback of the call will be available from 1:00 p.m. Pacific Time on February 9 through 8:59 p.m. Pacific Time on February 16, 2023. Motorcar Parts is engaged in the remanufacturing and distribution of automotive aftermarket parts.

Motorcar Parts of America (Nasdaq: MPAA) reported a net loss of $6.5 million for Q2 FY2023, a decline from net income in the prior year. Net sales increased by 6.6% to $172.5 million, though customers delayed orders, impacting performance. Gross profit decreased to $26.5 million with a margin of 15.4%. The company reaffirmed its FY2023 guidance with projected sales between $680 million and $700 million, indicating growth of 4.6% to 7.6%. Supply chain disruptions and inflationary costs were significant challenges.

Motorcar Parts of America (MPAA) will announce its fiscal 2023 Q2 results on November 9, 2022. CEO Selwyn Joffe and CFO David Lee will host a conference call at 10:00 a.m. Pacific Time to discuss the financial results and operations. Investors can join the call via a live audio web broadcast or by phone. An archived playback will be available from 1:00 p.m. on November 9 through November 16, 2022.

Motorcar Parts manufactures and distributes automotive parts across North America and has a division focused on electric vehicle solutions.

Motorcar Parts of America (Nasdaq:MPAA) is set to present a fireside chat at the Gabelli Funds 46th Annual Automotive Aftermarket Symposium in Las Vegas on November 1, 2022 at 9:30 a.m. PT. This event will be accessible via Zoom through the company's Events and Presentations section on www.motorcarparts.com. The symposium aligns with MPAA's participation in the Automotive Aftermarket Products Expo also in Las Vegas.

Motorcar Parts of America, Inc. (Nasdaq: MPAA) reported a record net sales of $164.0 million for Q1 fiscal 2023, up 10.0% year-over-year. Gross profit also surged to $30.3 million, reflecting a 28.6% increase. Despite these gains, the company recorded a net loss of $175,000, attributed to non-cash items and increased interest expenses totaling $3.0 million. The fiscal outlook is optimistic, with expectations for improved margins from price increases and enhanced efficiencies in brake-related products.

Motorcar Parts of America (Nasdaq: MPAA) has announced it will release its fiscal 2023 first quarter results on August 9, 2022. CEO Selwyn Joffe and CFO David Lee will host a conference call at 10:00 a.m. Pacific time to discuss the results and operations. Investors can access the call via a live audio Web broadcast on the company's website or by phone. An archived version will be available for later listening. The company specializes in automotive aftermarket parts and operates facilities in the U.S., Canada, Mexico, Malaysia, China, and India.

Motorcar Parts of America (Nasdaq: MPAA) reported record net sales of $650.3 million for fiscal 2022, a 20.3% increase year-over-year, driven by strong demand for aftermarket parts. However, net income fell to $7.4 million, or $0.38 per diluted share, due to supply chain disruptions and non-cash items. For fiscal 2023, the company projects net sales between $680 million and $700 million, marking 4.6% to 7.6% growth. Despite the challenges, expectations for margin improvement and strategic inventory investments remain positive.

Motorcar Parts of America, Inc. (MPAA) will announce its fiscal 2022 fourth quarter and year-end financial results on June 14, 2022. An investor conference call featuring CEO Selwyn Joffe and CFO David Lee is scheduled for 10:00 a.m. Pacific time on the same day. Investors can access the call via a live audio Web broadcast or by calling provided numbers. The conference call will also be archived for later access. The company specializes in the remanufacturing and distribution of automotive aftermarket parts across North America and beyond.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) will participate in a fireside chat on June 15, 2022, at 9:45 a.m. Eastern time during the 22nd Annual Oppenheimer Consumer Growth & E-Commerce Conference. This event will be held virtually, and a live audio webcast will be accessible at www.motorcarparts.com for 30 days following the presentation. The company specializes in remanufacturing and distributing a variety of automotive aftermarket parts.