Motorcar Parts of America

Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, drums and rotors, brake pads and shoes, calipers, brake master cylinders, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

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Motorcar Parts of America reports record sales and strategic investments

Motorcar Parts of America (MPAA) reported record sales levels for Q4 and fiscal year, with a positive outlook for product demand and gross margin improvement in fiscal 2024. The company announced a strategic convertible note investment to enhance liquidity and capital resources. However, high-interest rates continue to impact profitability, and the company faces ongoing challenges in managing operational and financial aspects of the business. Despite these challenges, there are opportunities for improved financial performance through enhanced gross margins, cash flow, and strategic growth initiatives.

MPAA anticipates margin expansion and strong sales despite fiscal challenges

MPAA's Q2 2023 earnings call reflects a strong recovery and record sales, with a focus on margin expansion and operational efficiencies. Despite challenges in achieving profitability, the company is well-positioned to capitalize on opportunities presented by strong demand for replacement parts and an aging car park.

Motorcar Parts of America faces challenges but anticipates record sales

Motorcar Parts of America (MPAA) faced challenges in Q3 with lower sales impacting production and gross margins, leading to a net loss for the nine-month period.
Despite these challenges, the company's CFO reported Q3 net sales of $151.8 million and gross profit of $21 million, with expectations of improved operating profit in Q4.
MPAA anticipates record sales for Q4 between $183.6 million and $191.6 million, with adjusted EBITDA expected to be between $27.5 million and $32.5 million.
Looking ahead, MPAA is excited about future growth prospects, with plans to participate in investor conferences and the next fiscal year-end call in June.

Motorcar Parts of America reports record sales and growth opportunities

Motorcar Parts of America (MPAA) delivered strong financial performance in Q4 2023, with a focus on margin improvement, cash flow generation, and strategic growth initiatives.
Despite challenges from high interest rates and margin pressures, the company is well-positioned to capitalize on opportunities for revenue growth and operational efficiency.
The commitment to enhancing cash flow, profitability, and addressing industry challenges underscores MPAA's resilience and strategic vision for sustainable growth.

Motorcar Parts of America posts strong Q1 results, eyes growth opportunities

Motorcar Parts of America (MPAA) delivered a robust performance in Q1 2024, focusing on sales recovery, margin expansion, and operational efficiencies. Despite challenges like weather-related slowdowns and supply chain disruptions, the company remains optimistic about growth opportunities and market leadership.

Motorcar Parts of America reports record sales and optimistic outlook

Motorcar Parts of America (MPAA) delivered a strong performance in Q2 2024, with record sales and improved financial metrics, driven by operational efficiencies and strategic focus.
Despite facing challenges in achieving profitability, MPAA's optimistic outlook, strong aftermarket fundamentals, and management's expertise present opportunities for sustained growth.
Investors can look forward to continued growth momentum, as MPAA aims to leverage market share gains, price increases, and operational enhancements for future success.

Motorcar Parts of America reports strong Q3 performance and growth outlook

MPAA's Q3 2024 performance showcased strong operating results, improved gross margins, and a focus on sales growth and profitability.
Despite challenges like higher interest expenses and working capital management, the company remains optimistic about long-term growth opportunities.
Expansion plans in Mexico and Malaysia, along with new product lines, position MPAA for growth and enhanced cash flow generation in the aftermarket parts market.

Motorcar Parts of America reports robust fiscal year '24 performance

Motorcar Parts of America (MPAA) demonstrated resilience and strategic focus in navigating industry challenges, with a strong emphasis on financial discipline and operational efficiency.
The company's performance in fiscal year '24 showcased improvements in key financial metrics, despite headwinds, setting a positive trajectory for future growth and profitability.
MPAA's commitment to margin accretion, growth opportunities, and governance excellence positions it well to capitalize on market opportunities and strengthen its competitive position.

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Motorcar Parts of America, Inc. engages in the manufacture, remanufacture, and distribution of automotive parts. It operates through the following segments: Hard Parts, Test Solutions and Diagnostic Equipment, and Heavy Duty. The Hard Parts segment is composed of light duty rotating electric products such as alternators and starters, wheel hub products, and brake-related products. The Test Solutions and Diagnostic Equipment segment represents bench top testers for alternators and starters, test solutions and diagnostic equipment for the pre- and post-production of electric vehicles, and software emulation of power systems applications for the electrification of all forms of transportation. The Heavy Duty segment deals with non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2025 second quarter results on Tuesday, November 12, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live a.

Motorcar Parts of America to Report Fiscal 2025 Second Quarter Results; Host Conference Call

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the promotion of Craig Meadows and the addition of Jake Boggs to its traditional sales team in advance of the company's participation at the Automotive Aftermarket Products Expo (AAPEX) being held in Las Vegas next week. Craig Meadows (47), an industry veteran with more than 28 years of automotive aftermarket experience, has been promoted to assistant vice president of traditional sales. He joined the co.

Motorcar Parts of America Announces Traditional Sales Promotion and New Appointment to Team

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company has expanded product coverage for its starter and alternator, brake caliper, brake pad, brake shoe, power brake booster and brake rotor programs, with more than 505 new part numbers covering 302 million vehicles in operation. The new part numbers are offered through QB, Quality-Built, Quality-Built Black Series, and Pure Energy brands powered by MPA, which serve the professional installer ma.

Motorcar Parts of America Expands Its Rotating Electrical and Brake-Related Coverage

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation at Gabelli Funds 48th Annual Automotive Aftermarket Symposium being held in Las Vegas on Tuesday, November 5, 2024 at 1:00 p.m. Pacific time. The fireside chat will be available for viewing by registering in advance via the link https://www.gabelli.com/conferences/automotive_symposium. The symposium coincides with the company's participation at the Automot.

Motorcar Parts of America to Present at Gabelli Funds 48th Annual Automotive Aftermarket Symposium

Motorcar Parts of America has expanded its product range and operations but continues to struggle with long-standing financial issues and poor stock performance. Despite global expansion and diversified offerings, MPAA's stock has plummeted over 83% since 2016, with no dividends to soften the blow. Recent financials show some growth, but ongoing earnings decline, market sentiment, and industry pressures make MPAA a risky investment.

Motorcar Parts of America On A Bumpy Ride, Investors May Want To Steer Clear

Motorcar Parts of America, Inc. (NASDAQ:MPAA ) Q1 2025 Earnings Call August 8, 2024 1:00 PM ET Company Participants Gary Maier - Vice President, Corporate Communications and Investor Relations Selwyn Joffe - Chairman, President and Chief Executive Officer David Lee - Chief Financial Officer Conference Call Participants Bill Dezellem - Tieton Capital Operator Thank you for standing by. My name is Kayla, and I will be your conference operator today.

Motorcar Parts of America, Inc. (MPAA) Q1 2025 Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2025 first quarter ended June 30, 2024, with a continued favorable full-year outlook supported by a strong competitive industry position and ongoing strategic initiatives to enhance profitability. Key highlights for the fiscal first quarter. Net sales increased 6.4 percent to $169.9 million. Gross profit increased 9.8 percent to $29.2 million. Gross margin increased modestly to 17.

Motorcar Parts of America Reports Fiscal First Quarter Results

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2025 first quarter results on Thursday, August 8, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live audi.

Motorcar Parts of America to Report Fiscal 2025 First Quarter Results; Host Conference Call

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced that the company filed its proxy statement for its 2024 annual meeting and that its board of directors has nominated Anil Shrivastava to stand for election. Mr. Shrivastava joins F. Jack Liebau, Jr. as two new candidates for election to the company's board this year. Mr. Liebau's nomination was previously announced in June. Current directors Rudolph J. Borneo and Jamy P. Rankin have informed the company.

Motorcar Parts of America Nominates Anil Shrivastava to Stand for Election to Its Board

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced the company has expanded product coverage for its starter and alternator, brake caliper, brake pad, power brake booster, brake rotor and wheel hub programs, with more than 150 new part numbers covering an additional 49 million vehicles in operation. The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series, Pure Energy brands powered by MPA, which serve the professional in.

Motorcar Parts of America Expands Its Rotating Electrical, Brake-Related and Wheel Hub Product Coverage

Motorcar Parts of America, Inc. (NASDAQ:MPAA ) Q4 2024 Earnings Conference Call June 11, 2024 1:00 PM ET Company Participants Gary Maier - VP-Corporate Communications & IR Selwyn Joffe - Chairman, President & CEO David Lee - CFO Conference Call Participants Carolina Jolly - Gabelli Funds Bill Dezellem - Tieton Capital Chris Riemenschneider - Morgan Stanley Operator Thank you for standing by. My name is Ellie, and I'll be your conference operator for today.

Motorcar Parts of America, Inc. (MPAA) Q4 2024 Earnings Call Transcript

Motorcar Parts (MPAA) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to loss of $0.05 per share a year ago.

Motorcar Parts (MPAA) Q4 Earnings and Revenues Lag Estimates

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2024 fourth quarter and year ended March 31, 2024 – reflecting year-over-year increases in sales, operating income and cash flow from operating activities, despite industry softness in the fourth quarter. Key highlights for the fiscal year. Net sales increased 5.1 percent to $717.7 million. Gross profit increased 16.3 percent to $132.6 million. Gross margin increased 1.8 percentage.

Motorcar Parts of America Reports Year-End Results

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced that its board of directors intends to nominate F. Jack Liebau, Jr. to stand for election to the company's board at the company's 2024 annual meeting of shareholders, in furtherance of the board's commitment to refreshment. Mr. Liebau is an accomplished investor and public company director. He has nearly 40 years of experience investing in public companies for leading institutional asset managers, includ.

Motorcar Parts of America Intends to Nominate Jack Liebau to Stand for Election to Its Board

The Motorcar Parts of America stock quote has declined significantly due to increased debt/interest expense, plus fears of recession. Enterprise valuations are now very low and the same as experienced during past recessions and business cycle bottoms. A double in share pricing to $10 is possible either through a swing back toward normalized investment valuations or a takeover/take private offer.

The Bottom Fishing Club: Motorcar Parts Of America, Recession-Like Deep Value

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced continued success in the strategic evolution of the company's emerging brake-related product offerings. To further enhance its strategic growth initiatives, the company announced the appointment of Dan Lelchuk as a director of business development for brake products. He will be focused on supporting and enhancing the company's brake caliper, brake pad and brake rotor product offerings. An industry vetera.

Motorcar Parts of America's Brake-Related Program Continues to Gain Traction; Appoints Industry Veteran to Brakes Team

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation on Wednesday, June 12, 2024 at 1:30 p.m. Eastern time at the 24th Annual Oppenheimer Consumer Growth & E-Commerce Conference being held this year in a virtual format. A live audio webcast of the discussion will be available through the link www.motorcarparts.com and archived for a period of 30 days. About Motorcar Parts of America, Inc. Motorcar Parts.

Motorcar Parts of America to Present at 24th Annual Oppenheimer Consumer Conference

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2024 fourth quarter and year-end results on Tuesday, June 11, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through.

Motorcar Parts of America to Report Fiscal 2024 Fourth Quarter and Year-End Results; Host Conference Call

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced Selwyn Joffe, the company's chairman, president and chief executive officer, and senior members of its leadership team will preside over the Nasdaq Closing Bell ceremony at 4:00 p.m. Eastern time on Wednesday, May 22, 2024. The ceremony will be held in the broadcast studio of the Nasdaq MarketSite located at 4 Times Square, 43rd Street and Broadway, in New York City. The ceremony can be viewed via the l.

Motorcar Parts of America to Ring Nasdaq Closing Bell

Motorcar Parts of America's business fundamentals have been improving due to demand tailwinds related to an aging vehicle fleet and an increase in miles driven per vehicle. Despite these tailwinds, higher interest rates have put downward pressure on earnings due to MPA's accounts receivable discount program. I believe this is creating an opportunity for investors to take advantage of short-term worries to purchase the stock at a low valuation with attractive upside.

Motorcar Parts Of America: Higher Rates Detracting From Improving Fundamentals

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America Inc.(Nasdaq: MPAA) today announced it has introduced expanded product coverage for its Quality-Built brake pad and brake rotor program, with more than 20 new part numbers covering an additional seven million vehicles in operation. The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MPA, which serve the professional installer market. A list of the new part numbers is available via the.

Motorcar Parts of America Introduces Additional Quality-Built Brake-Related Product Part Numbers to Catalog

Motorcar Parts of America, Inc. (MPAA) Q3 2024 Earnings Call Transcript

Motorcar Parts (MPAA) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.21 per share a year ago.

Motorcar Parts (MPAA) Reports Q3 Loss, Lags Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2024 third quarter and nine-months ended December 31, 2023 -- reflecting a strong increase in net sales, operating income and cash flow from operating activities. Key highlights for the fiscal third quarter. Net sales increased 13.2 percent to $171.9 million. Gross margin improved by 3.7 percentage points. Gross profit increased 43.1 percent to $30.0 million. Operating income incre.

Motorcar Parts of America Reports Results for Fiscal Third Quarter and Nine Months

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2024 third quarter on Friday, February 9, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live.

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