Motorcar Parts Of America Inc  (MPAA)
Other Ticker:  
Price: $9.3500 $0.13 1.410%
Day's High: $9.42 Week Perf: -1.58 %
Day's Low: $ 8.82 30 Day Perf: -8.15 %
Volume (M): 142 52 Wk High: $ 13.39
Volume (M$): $ 1,325 52 Wk Avg: $7.95
Open: $9.08 52 Wk Low: $4.26

 Market Capitalization (Millions $) 184
 Shares Outstanding (Millions) 20
 Employees 2,663
 Revenues (TTM) (Millions $) 721
 Net Income (TTM) (Millions $) -49
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 1

Motorcar Parts Of America Inc
We are a leading manufacturer, remanufacturer, and distributor of aftermarket automotive parts for import and domestic cars, light trucks, heavy duty, agricultural and industrial applications. We sell our products predominantly in North America to the largest auto parts retail and traditional warehouse chains and to major automobile manufacturers for both their aftermarket programs and their warranty replacement programs (“OES”).

The current population of vehicles in the U.S. is approximately 253 million and the average age of these vehicles is approximately 11.5 years. While the aged vehicle population is favorable today, miles driven continues to fluctuate primarily based on fuel prices. We believe demand and replacement rates for aftermarket automotive parts generally increase with the age of vehicles and increases in miles driven.

The aftermarket for automobile parts is divided into two markets. The first market is the do-it-yourself (“DIY”) market, which is generally serviced by the large retail chain outlets. Consumers who purchase parts from the DIY channel generally install parts into their vehicles themselves. In most cases, this is a less expensive alternative than having the repair performed by a professional installer. The second is the professional installer market, commonly known as the do-it-for-me (“DIFM”) market. This market is serviced by the traditional warehouse distributors, the dealer networks, and the commercial divisions of retail chains. Generally, the consumer in this channel is a professional parts installer. Our products are distributed to both the DIY and DIFM markets.

We are focused on growing our share in all channels within the aftermarket, including DIY, DIFM and OES. We are well positioned for growth in all channels, in particular the DIFM market in three ways: (i) our auto parts retail customers are expanding their efforts to target the DIFM market, (ii) we sell our products under private label and our own brand names directly to suppliers that focus on professional installers, and (iii) we sell our products to original equipment manufacturers for distribution to the professional installer both for warranty replacement and their general aftermarket channels. We have been successful in growing sales to all channels of the aftermarket.

Our goal is to take advantage of multiple growth strategies. To accomplish this, key elements of our strategy include:

Grow our product lines both with existing and potential new customers. We continue to develop and offer current and new sales programs to ensure that we are doing all we can to support our customers’ businesses. We remain dedicated to manage growth and continue to focus on enhancements to our infrastructure and making investments in resources to support our customers.

Introduction of new product lines. We continue to strive to expand our business by exploring new product lines including working with our existing customers to identify potential new product opportunities. We expect to launch a new product line in the second quarter of fiscal 2017.

The strategic acquisition of other companies or businesses. We have in the past and intend to continue to making strategic acquisitions to grow our business. We maintain an in-house acquisition team that continuously works to identify potential new targets.

Creating value for our customers. A core part of our strategy is ensuring that we add meaningful value for our customers. We consistently support and pilot our customers’ supply management initiatives in addition to providing demand analytics, inventory planning, market share, and retail store layout information to our customers.

   Company Address: 2929 California Street Torrance 90503 CA
   Company Phone Number: 212-7910   Stock Exchange / Ticker: NASDAQ MPAA


Stock Performances by Major Competitors

5 Days Decrease / Increase
GPC        2.87% 
SMP   -20.08%    
AN        2.63% 
AZO        2.76% 
KMX        4.67% 
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Motorcar Parts Of America Inc

Motorcar Parts Of America Inc Sees Impressive Revenue Growth of 12.662% Despite $37.28 Million Tax Charge

Motorcar Parts Of America Inc (MPAA) has shown significant growth in its revenue over the past year, with a 12.662% increase in the Dec 31, 2023 report. Despite this positive news, the company recorded a shortfall per stock at $-2.40 per share. However, it is important to note that this shortfall was largely due to a one-time tax charge of $37.28 million. Excluding this charge, MPAA would have shown a net profit for the most recent fiscal period.
In comparison to the preceding reporting period, MPAA's revenue deteriorated by -12.799% from $196.15 million. Moreover, the shortfall per share surged from $-0.10 to $-2.40 per share. These numbers may seem concerning, but it is crucial to understand the impact of the tax charge on the company's financials.

Motorcar Parts Of America Inc

Motorcar Parts Of America Inc Fails to Achieve Profitability Despite Strong Revenue Performance in Q2 2024

Motorcar Parts Of America Inc: A Bumpy Road Ahead
Motorcar Parts Of America Inc, a leading auto and truck parts company, recently reported an increase in revenue for the July to September 30, 2023 period. However, a closer look at the numbers reveals several concerning factors that paint a bearish outlook for the company.
While the company's revenue saw a healthy growth rate of 13.681% compared to the same reporting season a year ago, it is important to note that Motorcar Parts Of America Inc suffered a significant loss of $-0.10 per share. This negative earnings per share indicate that the company is currently underperforming and struggling to turn a profit.

Motorcar Parts Of America Inc

Motorcar Parts of America Inc Experiences Significant Decline in Q1 2024 Revenues, Raising Concerns for Company's Future

Depleting Business Leads to Diminishing Returns for Motorcar Parts of America Inc in Q1 2024
Motorcar Parts of America Inc, a leading provider of auto and truck parts, experienced a decline in business during the first quarter of 2024. This resulted in a diminishing return for the company, with revenue falling by -2.694% to $159.57 million compared to the same quarter the previous year. The shortfall per share also increased to $-0.07, in contrast to $-0.01 per share reported in the same quarter a year ago.
The decrease in top-line performance is noteworthy, particularly when compared to the overall performance of the Auto & Truck Parts sector, which saw a revenue improvement during the same period. This discrepancy may indicate underlying issues specific to Motorcar Parts of America Inc, impacting their ability to generate revenue.

Motorcar Parts Of America Inc

Motorcar Parts Of America Inc. Shocks with Soaring Revenues - EPS Leaps by 49.72% and Positive Profitability in Q1 2023!

Motorcar Parts Of America Inc, a leading Auto & Truck Parts company, has reported positive profitability for the most recent fiscal period, with earnings per share (EPS) of $0.07 per share. This is a significant improvement from the EPS of $-0.02 reported the previous year, as well as a 49.72% increase from the prior financial reporting period's EPS of $0.05 per share.
The company's revenue growth has also been impressive, increasing by 18.797% to $194.73 million from $163.92 million in the corresponding financial reporting period a year before. Sequentially, revenue also improved by 28.263%, from $151.82 million. The company's bottom line stood at $1.459 million in the most recent fiscal period, an improvement over the net shortfall of $-0.322 million recorded in the corresponding financial reporting period a year ago.


Motorcar Parts Of America Inc's Segments
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