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Motorcar Parts of America (MPAA)

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearing and hub assemblies, brake calipers, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. In addition, the company designs and manufactures test solutions for performance, endurance and production testing of electric motors, inverters, alternators, starters, and belt starter generators for the OE, aerospace, and aftermarket. Motorcar Parts of America's products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in New York, California, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada.

Company profile

Ticker
MPAA
Exchange
CEO
Selwyn Joffe
Employees
Incorporated
Location
Fiscal year end
Former names
MOTORCAR PARTS AMERICA INC, MOTORCAR PARTS & ACCESSORIES INC
SEC CIK
Subsidiaries
MVR Products Pte. Limited, a company • Unijoh Sdn. Bhd., a company • Motorcar Parts de Mexico, S.A. de C.V., a company • Motorcar Parts of Canada, Inc., a company • Central Auto Parts (Shanghai) Co., Ltd, a company • D&V Electronics Ltd, a company • D&V Electronic Technology (Shanghai) Co., Ltd, a company • EPICQ MX, S.A. de C.V., a company • Dixie Electric Ltd., a company • Dixie Electric Inc., a company ...
IRS number
112153962

MPAA stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

14 Jun 22
26 Jun 22
31 Mar 23
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 23.02M 23.02M 23.02M 23.02M 23.02M 23.02M
Cash burn (monthly) (no burn) (no burn) (no burn) (no burn) 7.56M 3.74M
Cash used (since last report) n/a n/a n/a n/a 21.73M 10.74M
Cash remaining n/a n/a n/a n/a 1.28M 12.27M
Runway (months of cash) n/a n/a n/a n/a 0.2 3.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Jun 22 Mochulsky Richard K Common Stock Sell Dispose S No No 13.1923 4,700 62K 7,901
24 Jun 22 Mochulsky Richard K Common Stock Option exercise Acquire M No No 6.46 4,700 30.36K 12,601
24 Jun 22 Mochulsky Richard K Stock Option Common Stock Option exercise Dispose M No No 6.46 4,700 30.36K 37,243
21 Jun 22 Bryan David Common Stock Buy Acquire P No No 13.29 300 3.99K 17,803
18 Jun 22 Selwyn Joffe Common Stock Option exercise Acquire M No No 0 77,689 0 348,319
18 Jun 22 Selwyn Joffe Common Stock Payment of exercise Dispose F No No 13.03 39,894 519.82K 270,630
18 Jun 22 Selwyn Joffe Common Stock Option exercise Acquire M No No 0 6,683 0 310,524
18 Jun 22 Selwyn Joffe Performance Based Restricted Stock Common Stock Option exercise Dispose M No No 0 77,689 0 0
18 Jun 22 Selwyn Joffe RSU Common Stock Option exercise Dispose M No No 0 6,683 0 288,206
18 Jun 22 Mochulsky Richard K Common Stock Option exercise Acquire M No No 0 1,144 0 10,941
92.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 101 104 -2.9%
Opened positions 11 17 -35.3%
Closed positions 14 13 +7.7%
Increased positions 36 40 -10.0%
Reduced positions 37 25 +48.0%
13F shares Current Prev Q Change
Total value 314.42M 753.42M -58.3%
Total shares 17.64M 18.18M -3.0%
Total puts 0 0
Total calls 22.3K 28.1K -20.6%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 3M $53.58M -0.1%
Global Alpha Capital Management 2.2M $39.31M +6.8%
PZN Pzena Investment Management 1.88M $33.45M +4.4%
Dimensional Fund Advisors 1.35M $24.01M -3.6%
Vanguard 1.23M $21.94M +0.5%
Private Capital Management 1.15M $20.54M +5.0%
325 Capital 1.03M $18.42M +25.0%
STT State Street 628.77K $11.21M +4.3%
AMP Ameriprise Financial 425.52K $7.59M +0.1%
Azarias Capital Management 413.44K $7.37M +1.8%
Largest transactions Shares Bought/sold Change
Granahan Investment Management 260.43K -646.49K -71.3%
Wellington Management 0 -409.48K EXIT
Donald Smith & Co. 278.6K +278.6K NEW
325 Capital 1.03M +206.29K +25.0%
Global Alpha Capital Management 2.2M +140.8K +6.8%
PZN Pzena Investment Management 1.88M +78.62K +4.4%
Tieton Capital Management 369.82K +68.26K +22.6%
Millennium Management 0 -61.3K EXIT
Private Capital Management 1.15M +54.89K +5.0%
First Midwest Bank Trust Division 0 -54.23K EXIT

Financial report summary

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Risks
  • Developments in global and local conditions, such as slowing growth, inflation, the Russia/Ukraine conflict and the COVID-19 pandemic, have a material impact on our results of operations and financial condition, and the continuation of or worsening of such conditions could have a similar or worse impact.
  • Unfavorable economic conditions may adversely affect our business.
  • If we do not respond appropriately, the evolution of the automotive industry could adversely affect our business.
  • Work stoppages, production shutdowns and similar events could significantly disrupt our business.
  • An increase in the cost or a disruption in the flow of our imported products may significantly decrease our sales and profits.
  • Our operating results may continue to fluctuate significantly.
  • Regulations related to conflict minerals could adversely impact our business.
  • Natural disasters or other disruptions in our business in California and Baja California, Mexico could increase our operating expenses or cause us to lose revenues.
  • Our past material weakness, and any future failure to maintain effective internal control over financial reporting, may affect our ability to accurately report our financial results and could materially and adversely affect the market price of our common stock.
  • Unfavorable currency exchange rate fluctuations could adversely affect us.
  • Changes in trade policy and other factors beyond our control could materially adversely affect our business.
  • Possible new tariffs that might be imposed by the United States government could have a material adverse effect on our results of operations.
  • Our debt can impact our operating results and cash flows and limit our operations.
  • Our lenders may not waive future defaults under our credit agreements.
  • Our stock price may be volatile and could decline substantially.
  • Increasing attention to environmental, social, and governance matters may impact our business, financial results, or stock price.
  • If our technology and telecommunications systems were to fail, or we were not able to successfully anticipate, invest in or adopt technological advances in our industry, it could have an adverse effect on our operations.
  • Cyber-attacks or other breaches of information technology security could adversely impact our business and operations.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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