BlackRock Inc. purchased a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ: MPAA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,054,314 shares of the auto parts company's stock, valued at approximately $16,152,000. BlackRock Inc. owned approximately
Motorcar Parts of America remains a "Buy" despite recent revenue and profit declines, with shares trading at very attractive valuation multiples. Management anticipates FY2027 annualized revenue around $900 million, driven by acquisitions and aftermarket growth, despite near-term operational disruptions. MPAA's products are non-discretionary, and rising vehicle age supports resilient aftermarket demand even as auto loan delinquencies rise.
Motorcar Parts of America, Inc. (MPAA) Q1 2027 Earnings Call Prepared Remarks Transcript
Motorcar Parts of America NASDAQ: MPAA reaffirmed its fiscal 2027 outlook after reporting first-quarter sales that were affected by the timing of customer orders, while management pointed to new business commitments, brake-category expansion and operating-efficiency efforts as drivers for the rest of the year.
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported financial results for its fiscal 2027 first quarter ended June 30, reflecting timing of orders, with the company still on target to meet its expectations for the full year. Positive Drivers: Reaffirms fiscal 2027 net sales guidance between $780 million and $800 million and operating income between $86 million and $91 million, excluding certain non-cash and one-time expenses. Expects to add more than $100.
AirBoss of America (OTCMKTS:ABSSF - Get Free Report) and Motorcar Parts of America (NASDAQ: MPAA - Get Free Report) are both consumer discretionary companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, earnings, risk, valuation, profitability and analyst recommendations. Profitability This table compares
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has extended the maturity date of the company's $238.62 million revolving credit facility led by PNC Bank, N.A., to August 2031. The amended facility includes enhancements that provide working capital flexibility, liquidity and other favorable terms. “The extension of the maturity date and enhancements recognize the company's milestones and solid position within the automotive aftermarket and compleme.
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2027 first quarter results on Monday, August 10, 2026. 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 Web b.
Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has acquired the intellectual and digital property associated with the Centric Parts brake bra
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has acquired the intellectual and digital property associated with the Centric Parts brake brands from First Brands Group through its Chapter 11 bankruptcy process. The transaction was managed through a court-supervised sales process under Section 363 of the U.S. Bankruptcy Code. The transaction was structured without assuming operational liabilities and certain assets were transferred free-and-clear.
