Motorcar Parts of America, Inc. (MPAA)
Motorcar Parts of America, Inc. (MPAA) is a leading manufacturer and distributor of automotive replacement parts, primarily focusing on remanufactured alternators, starters, and other electrical components. Founded in 1977, the company serves the automotive aftermarket industry by providing quality refurbished parts to independent repair shops, retailers, and fleet operators worldwide. Its products are known for their durability and cost-effectiveness, supporting vehicle performance and reliability.
Company News
Motorcar Parts of America reported record Q1 revenue of $188.4 million, a 10.9% year-over-year increase, with improved operating income and reduced reliance on Chinese suppliers. Despite missing EPS expectations, the company remains optimistic about its fiscal 2026 outlook.
Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 in Las Vegas. The two-day event will feature presentations by senior management of leading automotive and trucking companies, providing investors with insights into the ever-changing dynamics within the automotive industry.
Motorcar Parts (MPAA) delivered earnings and revenue surprises of -62.50% and 4.59%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for ma...