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Motorcar Parts of America, Inc. - MPAA STOCK NEWS

Welcome to our dedicated page for Motorcar Parts of America news (Ticker: MPAA), a resource for investors and traders seeking the latest updates and insights on Motorcar Parts of America stock.

Motorcar Parts of America, Inc. (MPAA) is a prominent manufacturer, remanufacturer, and distributor of automotive aftermarket parts. The company specializes in producing and distributing essential components such as alternators, starters, wheel hub assemblies, and brake master cylinders. These products cater to both imported and domestic passenger vehicles, light trucks, and even heavy-duty applications. Motorcar Parts of America’s extensive range of products is available through automotive retail outlets and the professional repair market across the United States and Canada.

MPAA’s operational infrastructure includes state-of-the-art facilities strategically located in California, Mexico, Malaysia, and China. The company also maintains administrative offices in California, Tennessee, Mexico, Singapore, Malaysia, and Toronto. This global footprint enhances the company’s ability to meet the diverse needs of the automotive aftermarket industry efficiently.

One of the distinguishing features of Motorcar Parts of America is its commitment to sustainability. The company employs a remanufacturing process that is highly efficient, potentially reducing material and energy consumption by up to 91% compared to traditional manufacturing methods. This eco-friendly approach involves reclaiming and reconditioning all non-wearing parts, thereby conserving both energy and raw materials.

Financially, MPAA derives a significant portion of its revenue from the sales of rotating electrical products, supported by a robust market for wheel hub assemblies and brake master cylinders. The company's products are available under its own brands, through private-label services, and as part of warranty replacement programs offered by automobile manufacturers.

Recent achievements include expanding its product lines and enhancing its market presence through strategic partnerships and innovative projects. As a result, Motorcar Parts of America continues to solidify its position as a key player in the automotive aftermarket industry.

Rhea-AI Summary
Motorcar Parts of America, Inc. (Nasdaq: MPAA) reported record sales and gross profit in Q2 2024, with a 14.0% increase in net sales to $196.6 million and a net loss improvement to $2.0 million. The company generated $15 million of cash from operating activities and intentionally deferred collecting $15 million of receivables for interest expense savings. The strong demand for automotive parts is expected to drive further operational efficiencies.
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Motorcar Parts of America, Inc. (Nasdaq: MPAA) will release its fiscal 2024 second quarter results on November 9, 2023. Selwyn Joffe and David Lee will host an investor conference call at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be accessible through a live audio webcast or by phone. The call will be archived on the company's website, and a telephone playback will be available until November 16, 2023.
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Motorcar Parts of America, Inc. (MPAA) to present at Gabelli Funds 47th Annual Automotive Aftermarket Symposium in Las Vegas on October 31, 2023.
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Motorcar Parts of America reports Q1 2024 results with net sales of $159.7 million, a net loss of $1.4 million, and gross profit of $26.6 million. The company's full-year outlook remains on track with strong positive cash flow.
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FAQ

What is the current stock price of Motorcar Parts of America (MPAA)?

The current stock price of Motorcar Parts of America (MPAA) is $7.02 as of November 15, 2024.

What is the market cap of Motorcar Parts of America (MPAA)?

The market cap of Motorcar Parts of America (MPAA) is approximately 135.5M.

What is Motorcar Parts of America, Inc.?

Motorcar Parts of America, Inc. (MPAA) is a manufacturer, remanufacturer, and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assemblies, and brake master cylinders.

Where are MPAA’s products sold?

MPAA’s products are sold through automotive retail outlets and the professional repair market across the United States and Canada.

What makes MPAA’s remanufacturing process efficient?

MPAA's remanufacturing process is efficient because it reclaims and reconditions all non-wearing parts, potentially reducing material and energy consumption by up to 91% compared to traditional manufacturing methods.

Where are MPAA’s facilities located?

MPAA has facilities in California, Mexico, Malaysia, and China, with administrative offices in California, Tennessee, Mexico, Singapore, Malaysia, and Toronto.

What types of vehicles does MPAA serve?

MPAA serves a range of vehicles including imported and domestic passenger vehicles, light trucks, and heavy-duty applications.

How does MPAA contribute to sustainability?

MPAA contributes to sustainability by employing a remanufacturing process that reclaims and reconditions non-wearing parts, thus saving energy and raw materials.

What products generate the most revenue for MPAA?

The majority of MPAA's revenue is derived from the sales of rotating electrical products, which include alternators and starters.

Does MPAA offer private-label services?

Yes, MPAA provides private-label services and also supplies products for warranty replacement programs of automobile manufacturers.

What recent achievements has MPAA accomplished?

MPAA has recently expanded its product lines and strengthened its market presence through strategic partnerships and innovative projects.

How does MPAA's global footprint benefit its operations?

MPAA's global footprint, with facilities and offices in multiple countries, allows it to efficiently meet the diverse needs of the automotive aftermarket industry.

Motorcar Parts of America, Inc.

Nasdaq:MPAA

MPAA Rankings

MPAA Stock Data

135.47M
19.66M
5.9%
82.99%
3%
Auto Parts
Motor Vehicle Parts & Accessories
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