Docoh
Loading...

MPAA Motorcar Parts of America

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
IRS number
112153962

MPAA stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

14 Jun 21
17 Jun 21
31 Mar 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 15.52M 15.52M 15.52M 15.52M 15.52M 15.52M
Cash burn (monthly) (positive/no burn) 2.84M (positive/no burn) (positive/no burn) 5.47M (positive/no burn)
Cash used (since last report) n/a 7.27M n/a n/a 13.99M n/a
Cash remaining n/a 8.25M n/a n/a 1.54M n/a
Runway (months of cash) n/a 2.9 n/a n/a 0.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Mar 21 Adelson Scott Joseph Common Stock Option exercise Aquire M No No 13.53 3,000 40.59K 53,526
25 Mar 21 Adelson Scott Joseph Stock Option Common Stock Option exercise Dispose M No No 13.53 3,000 40.59K 6,000
10 Mar 21 Miller Duane Franklin Common Stock Sell Dispose S No No 24.1801 3,000 72.54K 8,549
10 Mar 21 Miller Duane Franklin Common Stock Sell Dispose S No No 24.2274 410 9.93K 11,549
10 Mar 21 Miller Duane Franklin Common Stock Option exercise Aquire M No No 6.12 3,000 18.36K 11,959
10 Mar 21 Miller Duane Franklin Common Stock Option exercise Aquire M No No 15.06 410 6.17K 8,959
10 Mar 21 Miller Duane Franklin Stock Option Common Stock Option exercise Dispose M No No 6.12 3,000 18.36K 0
10 Mar 21 Miller Duane Franklin Stock Option Common Stock Option exercise Dispose M No No 15.06 410 6.17K 3,000
9 Mar 21 Miller Duane Franklin Common Stock Sell Dispose S No No 24.1085 2,176 52.46K 8,549
9 Mar 21 Miller Duane Franklin Common Stock Option exercise Aquire M No No 15.06 2,176 32.77K 10,725

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 101 110 -8.2%
Opened positions 8 15 -46.7%
Closed positions 17 8 +112.5%
Increased positions 31 27 +14.8%
Reduced positions 45 51 -11.8%
13F shares
Current Prev Q Change
Total value 649.28M 505.81M +28.4%
Total shares 20.1M 20.85M -3.6%
Total puts 0 0
Total calls 0 26.5K EXIT
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 3.05M $68.59M +4.1%
Global Alpha Capital Management 2.1M $47.27M -0.3%
PZN Pzena Investment Management 1.97M $44.29M -0.4%
WELLINGTON TRUST Co N A 1.57M $30.86M 0.0%
Dimensional Fund Advisors 1.51M $33.74M -2.3%
Vanguard 1.4M $31.55M +3.0%
Wellington Management 1.21M $27.28M -24.6%
Private Capital Management 1.06M $23.75M -3.6%
AMP Ameriprise Financial 687.81K $15.48M -0.4%
STT State Street 568.91K $12.8M +2.8%
Largest transactions
Shares Bought/sold Change
Wellington Management 1.21M -396.33K -24.6%
BEN Franklin Resources 0 -297.93K EXIT
BLK Blackrock 3.05M +120.36K +4.1%
GS Goldman Sachs 10.81K -50.89K -82.5%
Kennedy Capital Management 50.06K -45.18K -47.4%
Manatuck Hill Partners 41.1K +41.1K NEW
Vanguard 1.4M +40.64K +3.0%
Private Capital Management 1.06M -39.61K -3.6%
WFC Wells Fargo & Co. 8.81K -39.19K -81.6%
IVZ Invesco 177.82K +39.07K +28.2%

Financial report summary

?
Risks
  • The current pandemic from the outbreak of COVID-19 could have a material impact on our results of operations and financial condition, and the continuation of this pandemic, further outbreaks of COVID-19, or any future outbreak of other highly infectious diseases or public health emergencies could have a similar or worse impact.
  • We rely on a few large customers for a majority of our business, and the loss of any of these customers, significant changes in the prices, marketing allowances or other important terms provided to any of these customers or adverse developments with respect to the financial condition of these customers could reduce our net income and operating results.
  • Failure to compete effectively could reduce our market share and significantly harm our financial performance.
  • 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.
  • Unfavorable economic conditions may adversely affect our business.
  • Interruptions or delays in obtaining component parts could impair our business and adversely affect our operating results.
  • Increases in the market prices of key component raw materials could increase the cost of our products and negatively impact our profitability.
  • Our financial results are affected by automotive parts failure rates that are outside of our control.
  • 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.
  • Our offshore remanufacturing and logistic activities expose us to increased political and economic risks and place a greater burden on management to achieve quality standards.
  • 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.
  • We may continue to make strategic acquisitions of other companies or businesses and these acquisitions introduce significant risks and uncertainties, including risks related to integrating the acquired businesses and achieving benefits from the acquisitions.
  • 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.
  • Weakness in conditions in the global credit markets and macroeconomic factors could adversely affect our financial condition and results of operations.
Management Discussion
  • Net Sales. Our net sales for fiscal 2021 were $540,782,000, which represents an increase of $4,951,000, or 0.9%, from fiscal 2020 of $535,831,000. Sales for fiscal 2021 included $12,779,000 in core revenue due to a realignment of inventory at two customer distribution centers with expected future sales benefits as product mix changes. This increase in sales was partially offset by the negative impact from a number of factors related to the global COVID-19 pandemic, including disruptions with worldwide supply chain and logistics services.
  • Sales mix for fiscal 2021 compared with fiscal 2020 for: (i) rotating electrical products represented 72.8% compared with 73.3%, (ii) wheel hubs products represented 15.6% compared with 14.9%; (iii) brake-related products represented 9.7% compared with 8.9%; and (iv) test solutions and diagnostic equipment and other products represented 1.9% compared with 2.9%.
  • Gross Profit. Our gross profit was $109,461,000, or 20.2% of net sales, for fiscal 2021 compared with $118,400,000, or 22.1% of net sales, for fiscal 2020.  Our gross profit was impacted by the global COVID-19 pandemic, including disruptions with worldwide supply chain, logistics services, and related higher freight costs. Higher freight costs impacted gross profit by approximately $1,785,000, or 0.3%. Additionally, our gross profit was further impacted by $5,268,000, or 1.0%, due to COVID-19 related costs for wages and personal protective equipment.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accuracy, Addressed, advocated, African, appointed, ban, belt, brought, buildup, capita, car, cardboard, challenging, characterize, commitment, committed, compelling, concerted, conserved, constant, consumption, convenient, Culture, daily, decency, demonstrated, detainable, display, downturn, driver, durable, embedded, embodied, embraced, EPICQ, ethnic, evidenced, evolution, Excellence, excellent, family, feedback, firmly, flexible, food, footprint, formatted, frontline, green, hall, hallmark, halt, headcount, healthcare, healthy, heavily, house, incidence, indefinitely, inline, intention, intrusion, intuitive, leakage, Medical, men, mental, missing, mobility, NaN, narrative, occurrence, onsite, opposed, personal, phishing, pool, pooled, proximity, realignment, reconditioning, redemption, reinforce, rejoined, retention, ride, ringgit, routinely, sample, sanitizing, satisfaction, sensitive, shutdown, sponsorship, sport, stewardship, stoppage, style, Subsidy, surveyed, tailored, talent, tier, town, uncollectible, undercar, underrepresented, unrecorded, unskilled, water, weekend, win, women, worse, wrote, WTO
Removed: Accountant, analyze, analyzed, approach, attributable, Avenue, Beatrix, began, Beneficial, blended, broker, building, Bulletin, caption, complexity, constitute, correction, CV, de, deductible, deemed, developed, enactment, entity, exclusion, expedient, Flourie, Geoffroy, Golkar, highest, intend, legacy, legal, letter, Maple, medium, Mine, October, originally, point, practical, preliminary, properly, provisional, remained, request, requiring, retrospective, RGA, ringit, SAB, satisfactory, show, steadily, subsidiary, Suit, Supplementary, Tenant, threshold, Unresolved, warrant