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.
Motorcar Parts of America, Inc. specializes in automotive aftermarket electrical components, brake products, diagnostics, and heavy-duty applications. I previously rated MPAA a Sell due to earnings declines, negative sentiment, and industry headwinds despite operational improvements. Upgrading to Hold reflected MPAA management's progress in efficiency, margin expansion, and product diversification, though cash flow and FX volatility remained concerns.
Motorcar Parts of America NASDAQ: MPAA reported stronger fiscal fourth-quarter and full-year results, with management pointing to sales momentum, new business commitments and improving profitability as key drivers heading into fiscal 2027.
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported financial results for its fiscal 2026 fourth quarter and year ended March 31 – reflecting solid sales, gross profit and net income for both periods. Fourth Quarter Highlights: Net sales increased 9.9 percent to $212.3 million. Gross profit increased 30.9 percent to $50.4 million. Gross margin increased to 23.7 percent from 19.9 percent. Operating income increased 29.4 percent to $21.1 million. Net income.