Motorcar Parts Stock Price, News & Analysis

Motorcar Parts of America (MPAA) announced that its subsidiary, D&V Electronics, will provide a power hardware-in-the-loop inverter test system for NASA’s Dragonfly mission, which plans to explore Saturn’s moon Titan. The Dragonfly mission, part of NASA’s New Frontiers Program, aims to study Titan's environment by obtaining material samples. This partnership with NASA highlights D&V's capabilities in electric vehicle testing and its collaboration with Opal-RT and NI. The Dragonfly mission is scheduled for launch in 2027.

Motorcar Parts of America (MPAA) announced its fiscal 2022 second-quarter results will be revealed on November 9, 2021. CEO Selwyn Joffe and CFO David Lee will hold an investor conference call at 10:00 a.m. Pacific time to discuss financial outcomes and operations. Interested investors can access the call via www.motorcarparts.com or by phone. A playback will be available until November 16, 2021. MPAA specializes in automotive aftermarket parts and has facilities across the US, Canada, Mexico, Malaysia, China, and India.

NI (NASDAQ: NATI) has launched an Inverter Test System and formed a collaboration with D&V Electronics to enhance electric vehicle (EV) testing environments. The new system allows engineers to simulate EV powertrains and conduct hardware-in-the-loop (HIL) tests for traction inverter electronic control units (ECUs), improving testing scenarios. This partnership aims to streamline the testing process, enabling durability and thermal testing at full power safely and effectively, thereby accelerating EV innovation.

Motorcar Parts of America (Nasdaq:MPAA) is set to participate in a fireside chat at the Gabelli Funds 45th Annual Automotive Aftermarket Symposium, scheduled for November 2, 2021, at 10:30 a.m. PT in Las Vegas.

This event coincides with the company’s presence at the Automotive Aftermarket Products Expo that same week. Investors can access the chat via the company’s investor relations section on their website at www.motorcarparts.com.

Motorcar Parts of America (MPAA) was honored with the Vendor of the Year Award for Professional Excellence by Advance Auto Parts at their 2021 Partner Growth Summit. This recognition highlights MPAA's commitment to quality and excellent service across various automotive product categories, including brake-related products. CEO Selwyn Joffe expressed enthusiasm for the company's future and ongoing collaboration with Advance Auto Parts. MPAA operates across the U.S., Canada, and Mexico, manufacturing and distributing a wide range of automotive aftermarket parts.

Motorcar Parts of America (Nasdaq:MPAA) announced a strategic distribution partnership between its subsidiary D&V Electronics and TECTRA a.s., aiming to strengthen its presence in the Czech Republic's testing solutions market. This partnership is expected to leverage D&V's advanced testing equipment for electric vehicles, aligning with the automotive industry's shift towards electrification. Both companies anticipate significant growth opportunities stemming from this collaboration, particularly in the rapidly evolving electric and autonomous vehicle sector.

Motorcar Parts of America (Nasdaq:MPAA) will host a fireside chat presentation on September 14, 2021 at 2:00 p.m. Eastern time during the 19th Annual CL King Best Ideas Conference, held virtually. A live audio webcast will be accessible at www.motorcarparts.com and archived for 30 days. The company specializes in automotive aftermarket parts, including alternators, starters, and brake components, serving the US, Canada, and Mexico with facilities worldwide.

Motorcar Parts of America (MPAA) reported record sales for Q1 fiscal 2022, achieving net sales of $149.0 million, a 56.3% increase from the prior year. Net income reversed to $861,000 from a $3.0 million loss last year. The company attributes growth to strong demand for aftermarket parts and strategic expansion, particularly in brake-related products and electric vehicle solutions. Despite challenges, including $5.3 million in COVID-related costs, gross profit improved to $23.6 million, indicating a 15.8% margin.

Motorcar Parts of America, Inc. (MPAA) announced it will release its fiscal 2022 first-quarter results on August 9, 2021. CEO Selwyn Joffe and CFO David Lee will host an investor conference call at 10:00 AM PT on the same day to discuss financial outcomes and operations. Interested investors can listen via a live audio Web broadcast or call in. The call will also be archived for later access. Motorcar Parts specializes in remanufacturing and distributing automotive aftermarket parts across North America, as well as providing electric vehicle testing solutions.