Motorcar Parts SEC Filings

Motorcar Parts of America director David Bryan reported an open-market share purchase. On 02/12/2026, he bought 1,000 shares of common stock at a price of $9.67 per share. After this transaction, he directly owned 72,477 shares of Motorcar Parts of America common stock.

Motorcar Parts of America reported lower quarterly sales but a stronger year-to-date profit picture. For the quarter ended December 31, 2025, net sales were $167.7 million, down 9.9% from $186.2 million, and net income was $1.8 million versus $2.3 million a year earlier as gross margin compressed to 19.6% from 24.1%.

For the nine months, net sales rose to $577.5 million from $564.2 million, helped by $14.8 million of remanufactured core revenue tied to inventory realignment at customer distribution centers. Net income improved sharply to $2.7 million from a loss of $18.7 million, aided by lower interest expense, foreign-exchange gains on lease liabilities and derivatives, and a $3.9 million quarterly gain on the convertible-notes derivative.

The company generated $23.7 million of operating cash flow in the first nine months, increased inventory to $399.0 million as it supports multiple product lines, and ended the quarter with $17.5 million of cash, $88.0 million drawn on its revolving credit facility, and $39.9 million in related-party convertible notes while continuing share repurchases.

Motorcar Parts of America, Inc. reported fiscal 2026 third-quarter results, with net sales of $167.7 million versus $186.2 million a year earlier, mainly due to an approximately $17 million sales decline from a large customer that closed stores and consolidated distribution centers.

Gross margin fell to 19.6% from 24.1%, and operating income declined to $8.3 million from $17.6 million. Net income was $1.8 million, or $0.09 per diluted share, compared with $2.3 million, or $0.11 per diluted share.

For the nine months ended December 31, 2025, net sales rose to $577.5 million from $564.2 million despite an approximately $40 million decrease from the same large customer. The company generated net income of $2.7 million, or $0.13 per diluted share, versus a net loss of $18.7 million a year earlier, and reduced net bank debt to $70.5 million. Revised fiscal 2026 guidance calls for net sales between $750 million and $760 million and operating income between $72 million and $79 million.

Pacific Ridge Capital Partners, LLC has filed an amended Schedule 13G reporting beneficial ownership of approximately 3.5% of the common stock of Motorcar Parts of America, Inc. as of 12/31/2025.

The firm states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Motorcar Parts of America, nor in connection with any control-related transaction, other than activities solely in connection with a nomination under the specified proxy rule.

The Vanguard Group filed an amended Schedule 13G reporting beneficial ownership of 975,858 shares of Motorcar Parts of America common stock, representing 4.98% of the class.

Vanguard reports shared voting power over 124,212 shares and shared dispositive power over 975,858 shares, with no sole voting or dispositive power. Vanguard notes an internal realignment on January 12, 2026, after which certain subsidiaries are expected to report holdings separately.

Motorcar Parts of America, Inc. reported that Patricia W. Warfield resigned on January 2, 2026 from its Board of Directors and from the Board’s Human Resources and Compensation Committee. The company states that her resignation is due to personal and professional commitment reasons and not because of any disagreement with the company’s operations, policies, or procedures.

Her resignation letter is included as Exhibit 99.1 to this report, providing formal written confirmation of her decision and reasons.

Motorcar Parts of America (MPAA): Director Frederic Jack Liebau, Jr. reported the conversion of 1,245 restricted stock units into common stock at $0 on 11/10/2025 (Code M). Following the transaction, he beneficially owns 25,368 shares directly.

The derivative table shows the RSU award of 1,245 units (exercisable 09/05/2025, expiring 12/31/2025) settling into common shares, with 5,637 derivative securities remaining beneficially owned after the reported transaction.

Motorcar Parts of America (MPAA) reported a board change. On November 10, 2025, director F. Jack Liebau, Jr. resigned from the Board, the Audit Committee, and the Nominating and Corporate Governance Committee, effective the same day. The company stated his resignation was not due to any disagreement regarding operations, policies, or practices.

Following his departure, the Board size was reduced from ten to nine directors. The company attached Mr. Liebau’s resignation letter as Exhibit 99.1.

Motorcar Parts of America (MPAA) reported higher sales but a small quarterly loss. Net sales were $221.47 million, up 6.4% year over year, helped by $14.797 million of remanufactured core revenue recognized from an inventory realignment at certain customer distribution centers. Gross profit was $42.73 million with a 19.3% margin versus 19.8% a year ago, reflecting tariff timing and core-related amortization and revaluation.

Operating income rose to $16.37 million, driven in part by a $1.47 million non-cash foreign exchange gain. Net loss was $2.15 million (basic and diluted loss per share of $0.11) as interest expense of $12.70 million and a $2.26 million loss on the convertible-notes derivative weighed on results; the effective tax rate was 252.2%. For the first six months, net sales reached $409.83 million (up 8.4%) and net income was $0.89 million (diluted EPS $0.04). Operating cash flow strengthened to $31.89 million. At quarter-end, MPAA had $72.42 million drawn on its revolver at 7.42% with $145.38 million of availability. Customer concentration remained high, with three customers representing 38%, 28%, and 21% of quarterly sales.