News & Videos - MOTORCAR PARTS OF AMERICA INC.

Encourages all Shareholders to read letter posted on CoveStreetCapital.com highlighting the disingenuous behavior of the Board which has compounded the impact of the disastrous management of the Company for 20 Years. EL SEGUNDO, CA / ACCESSWIRE / August 5, 2024 / Cove Street Capital, LLC, on behalf of its clients and related entities, issued a public letter to the shareholders of Motorcar Parts of America, Inc (Nasdaq:MPAA) announcing it has voted NO with respect to all "legacy" nominations to...

Motorcar Parts of America, Inc. ( Nasdaq: MPAA ) today reported results for its fiscal 2024 first quarter ended June 30, 2023, and reiterated the company’s full-year outlook. Fiscal 2024 First Quarter Results Net sales for the fiscal 2024 first quarter were $159.7 million compared with $164.0 million in the prior year – primarily reflecting timing of orders. The company noted that the fiscal second quarter is off to an excellent start based on record sales for a July month. Net loss for the...

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2024 first quarter results on Wednesday, August 9, 2023. 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 audio webcast at...

Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced it recently added more than 50 new late model vehicle brake pad and rotor part number applications to its catalog, providing additional coverage for more than five million vehicles. The new part numbers are available to the professional installer market through the company’s Quality-Built and Quality-Built Black Series brands Powered by MPA . For more information about the company’s Quality-Built brake program additions view the...

Motorcar Parts of America, Inc. ( Nasdaq: MPAA ) today reported results for its fiscal 2023 fourth quarter and year ended March 31, 2023, reflecting record sales and solid demand across multiple categories -- including the company’s rotating electrical and emerging brake-related products. Fiscal 2023 Fourth Quarter Results Net sales for the fiscal 2023 fourth quarter increased 18.8 percent to a record $194.7 million from $163.9 million in the prior year. Fiscal fourth quarter results benefited...

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2023 fourth quarter and year-end results on Tuesday, June 13, 2023. 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 audio webcast at...

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation on Wednesday, June 14, 2023 at 12:00 p.m. Eastern time at the 23 rd Annual Oppenheimer Consumer Growth & E-Commerce Conference being held this year in a virtual format. A live audio webcast of the discussion will be available through the link www.motorcarparts.com and archived for a period of 30 days. About Motorcar Parts of America, Inc. Motorcar Parts of America, Inc. is a...

Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced it has received the 2022 award for Outstanding Corporate Logistics Support from Parts Warehouse, a member of The Aftermarket Auto Parts Alliance, Inc., and Associate Stores at the organization’s 2023 Sales Conference & Vendor Expo recently held in Birmingham, Alabama. Separately, the company highlighted the recognition it received as one of the Most Trustworthy Companies in America based on a PwC consulting firm survey and...

Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced it has entered into a note purchase investment with funds affiliated with or advised by Los Angeles-based Bison Capital Asset Management, LLC, and the sale of $32,000,000 in aggregate principal amount Convertible Notes due in 2029. The Notes may be converted at any time by the Holder, subject to certain conditions, at a conversion price of $15.00 per share. The Company is also able to redeem the notes after three years. “This...

Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced it has added more than 100 new late model vehicle part number applications to its catalog in the last four months, providing coverage for more than 40 million vehicles. The new part numbers are available to the professional installer market through the company’s Quality-Built and Quality-Built Black Series brands Powered by MPA . “We embrace a culture of providing customer solutions by meeting the strong demand for...

Motorcar Parts of America, Inc. ( Nasdaq: MPAA ) today reported results for its fiscal 2023 third quarter ended December 31, 2022 – reflecting the impact of ordering patterns by two customers, higher interest rates for customer vendor financing programs and lingering supply chain disruptions for critical components. Fiscal 2023 Third Quarter Results Net sales for the fiscal 2023 third quarter were $151.8 million compared with $161.8 million in the prior year. Fiscal third quarter results were...

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2023 third quarter on Thursday, February 9, 2023. 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 audio Web broadcast via the...

Motorcar Parts of America, Inc. ( Nasdaq: MPAA ) today reported results for its fiscal 2023 second quarter ended September 30, 2022 – reflecting solid demand for aftermarket hard parts, offset by customers delaying orders and supply chain disruptions for critical components. Fiscal 2023 Second Quarter Results Net sales for the fiscal 2023 second quarter were $172.5 million -- representing a 6.6 percent increase compared with $161.8 million in the prior year, which excludes $13.7 million of...

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2023 second quarter on Wednesday, November 9, 2022. 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 audio Web broadcast via...

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation at Gabelli Funds 46 th Annual Automotive Aftermarket Symposium being held in Las Vegas on Tuesday, November 1, 2022 at 9:30 a.m. Pacific time. The fireside chat will be available via Zoom through the company’s investor relations Events and Presentations section at www.motorcarparts.com . The symposium coincides with the company’s participation at the Automotive Aftermarket Products...

Motorcar Parts of America, Inc. ( Nasdaq: MPAA ) today reported results for its fiscal 2023 first quarter ended June 30, 2022 – reflecting strong demand after a modest start, with momentum building in May and June. Fiscal 2023 First Quarter Highlights Net sales reached a fiscal first quarter record of $164.0 million, an increase of $15.0 million, or 10.0 percent year over year. Gross profit was $30.3 million, an increase of $6.7 million, or 28.6 percent year over year. Operating expenses were...

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2023 first quarter on Tuesday, August 9, 2022. 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 audio Web broadcast via the...

Motorcar Parts of America, Inc. ( Nasdaq: MPAA ) today reported results for its fourth quarter and 2022 fiscal year ended March 31, 2022 – reflecting record annual sales with strong demand for non-discretionary aftermarket parts and the completion of a multi-year build-out program for the company’s brake-related manufacturing operations. Fiscal 2022 Highlights Net sales reached a record $650.3 million, an increase of $109.5 million, or 20.3 percent year-over-year. Gross profit was $117.9...

Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2022 fourth quarter and year end on Tuesday, June 14, 2022. 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 audio Web...

Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation on Wednesday, June 15, 2022 at 9:45 a.m. Eastern time at the 22 nd Annual Oppenheimer Consumer Growth & E-Commerce Conference being held this year in a virtual format. A live audio webcast of the discussion will be available through the link www.motorcarparts.com and archived for a period of 30 days. About Motorcar Parts of America, Inc. Motorcar Parts of America, Inc. is a...