Motorcar Parts of America, Inc. Aktie News

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced Selwyn Joffe, the company's chairman, president and chief executive officer, and senior members of its leadership team will preside over the Nasdaq Closing Bell ceremony at 4:00 p.m. Eastern time on Wednesday, May 22, 2024. The ceremony will be held in the broadcast studio of the Nasdaq MarketSite locat...

Motorcar Parts of America's business fundamentals have been improving due to demand tailwinds related to an aging vehicle fleet and an increase in miles driven per vehicle. Despite these tailwinds, higher interest rates have put downward pressure on earnings due to MPA's accounts receivable discount program. I believe this is creating an opportunity for investors to take advantage of short-term...

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America Inc.(Nasdaq: MPAA) today announced it has introduced expanded product coverage for its Quality-Built brake pad and brake rotor program, with more than 20 new part numbers covering an additional seven million vehicles in operation. The new part numbers are offered through QB, Quality-Built and Quality-Built Black Series brands powered by MP...

Motorcar Parts of America, Inc. (MPAA) Q3 2024 Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2024 third quarter and nine-months ended December 31, 2023 -- reflecting a strong increase in net sales, operating income and cash flow from operating activities. Key highlights for the fiscal third quarter. Net sales increased 13.2 percent to $171.9 million. Gross margin improved ...

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2024 third quarter on Friday, February 9, 2024. 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 fina...

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the promotion of Jamie Cook to senior vice president of sales and marketing, effective immediately -- succeeding Rick Mochulsky who will transition to a new role as senior vice president of business development. Cook, (54), has served as vice president of retail sales since 2012. She joined Motorcar Part...

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 revolver credit facility led by PNC Bank, N.A. to December 2028, with enhancements that provide working capital flexibility, liquidity, and other favorable terms -- including opportunities to benefit from reduced interest rates. As previo...