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
Website
CEO
Selwyn Joffe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • BorgWarner • Dana • Visteon ...
Former names
MOTORCAR PARTS AMERICA INC, MOTORCAR PARTS & ACCESSORIES INC
SEC CIK
Corporate docs
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
News
Stocks That Hit 52-Week Lows On Wednesday
22 Jun 22
Looking Into Motorcar Parts of America's Return On Capital Employed
15 Jun 22
12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session
14 Jun 22
Motorcar Parts of America: Q4 Earnings Insights
14 Jun 22
Motorcar Parts of America Q4 EPS $0.25 Misses $0.47 Estimate, Sales $163.92M Beat $150.50M Estimate
14 Jun 22
Press releases
Motorcar Parts of America Reports 20.3 Percent Sales Increase for Fiscal 2022
14 Jun 22
Motorcar Parts of America to Report Fiscal 2022 Fourth Quarter and Year-end Results; Host Conference Call
8 Jun 22
Motorcar Parts of America to Present at 22nd Annual Oppenheimer Consumer Conference
7 Jun 22
Motorcar Parts of America Expands Brake-Related Product Offerings with Introduction of Pads and Rotors
6 Jun 22
Motorcar Parts of America's D&V Electronics Receives Inverter Test System Order From Taiwanese Agency for Development of Electric Vehicles
9 May 22
Investment data
Securities sold
Number of investors
Calendar
14 Jun 22
26 Jun 22
31 Mar 23
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Annual (USD) | Mar 22 | Mar 21 | Mar 20 | Mar 19 | |
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| Cost of revenue | |||||
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| 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 |
Recent insider trades
| 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 |
Institutional ownership, Q1 2022
92.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 101 |
| Opened positions | 11 |
| Closed positions | 14 |
| Increased positions | 36 |
| Reduced positions | 37 |
| 13F shares | Current |
|---|---|
| Total value | 314.42M |
| Total shares | 17.64M |
| Total puts | 0 |
| Total calls | 22.3K |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 3M | $53.58M |
| Global Alpha Capital Management | 2.2M | $39.31M |
| PZN Pzena Investment Management | 1.88M | $33.45M |
| Dimensional Fund Advisors | 1.35M | $24.01M |
| Vanguard | 1.23M | $21.94M |
| Private Capital Management | 1.15M | $20.54M |
| 325 Capital | 1.03M | $18.42M |
| STT State Street | 628.77K | $11.21M |
| AMP Ameriprise Financial | 425.52K | $7.59M |
| Azarias Capital Management | 413.44K | $7.37M |
Financial report summary
?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
?| Positive | ||
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| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
administered, advocacy, Built, caliper, campaigned, clicking, cliff, climate, coefficient, correlation, cybersecurity, Delta, Detroit, discourse, efficacy, esg, estate, EV, faster, formulation, ID, inflationary, investor, lingering, mandated, Michigan, Omicron, omitted, ordinary, outsource, peer, pension, percent, proportionately, PSU, real, resurgence, Russell, saving, shareholder, slower, society, speed, thermal, ticker, TSR, undue, variant, voting, worsening
Removed:
adding, affecting, ASU, bad, Bill, cancellation, channel, clarify, combined, commenced, conjunction, directed, duty, gasoline, heavy, hedging, impacting, independently, inquiry, lifetime, milestone, narrow, opening, optional, permitted, plumbing, positively, pronouncement, prospectively, reflecting, refusal, remediation, removing, reportable, September, shown, strain, structured, sum, Talon, thereof, unconsolidated, viii, Xtreme, yielded
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
14 Jun 22
8-K
Motorcar Parts of America Reports Fiscal 2022 Third Quarter Results
9 Feb 22
8-K
Motorcar Parts of America Announces Appointment of Veteran International Executive to Board
1 Feb 22
8-K
Motorcar Parts of America Reports Strong Fiscal 2022
9 Nov 21
8-K
Submission of Matters to a Vote of Security Holders
15 Sep 21
8-K
Motorcar Parts of America Reports Strong Fiscal 2022
9 Aug 21
8-K
Performance Vesting Restricted Stock Unit Award Agreement
24 Jun 21
8-K
Results of Operations and Financial Condition
14 Jun 21
8-K
Entry into a Material Definitive Agreement
2 Jun 21
8-K
Results of Operations and Financial Condition
9 Feb 21
Registration and prospectus
S-8
Registration of securities for employees
3 Sep 20
S-8
Registration of securities for employees
14 Mar 18
S-8
Registration of securities for employees
27 Jul 15
424B5
Prospectus supplement for primary offering
26 Aug 14
424B5
Prospectus supplement for primary offering
19 Aug 14
S-3
Shelf registration
29 Apr 14
POS AM
Prospectus update (post-effective amendment)
2 Mar 14
POS AM
Prospectus update (post-effective amendment)
2 Mar 14
POS AM
Prospectus update (post-effective amendment)
11 Nov 13
S-1/A
IPO registration (amended)
11 Nov 13
Proxies
DEFA14A
Additional proxy soliciting materials
29 Jul 21
DEFA14A
Additional proxy soliciting materials
23 Aug 20
DEFA14A
Additional proxy soliciting materials
31 Jul 20
DEFA14A
Additional proxy soliciting materials
24 Jul 20
DEFA14A
Additional proxy soliciting materials
20 Aug 18
DEF 14A
Definitive proxy
29 Jul 18
DEFA14A
Additional proxy soliciting materials
7 Dec 17
Other
SD
Conflict minerals disclosure
10 May 21
UPLOAD
Letter from SEC
8 Jun 20
SD
Conflict minerals disclosure
22 May 20
CORRESP
Correspondence with SEC
10 May 20
CORRESP
Correspondence with SEC
19 Apr 20
UPLOAD
Letter from SEC
13 Apr 20
CORRESP
Correspondence with SEC
1 Mar 20
CORRESP
Correspondence with SEC
18 Feb 20
UPLOAD
Letter from SEC
4 Feb 20
SD
Conflict minerals disclosure
31 May 19
Ownership
4
MOTORCAR PARTS AMERICA / Richard K Mochulsky ownership change
24 Jun 22
4
MOTORCAR PARTS AMERICA / JOFFE SELWYN ownership change
23 Jun 22
4
MOTORCAR PARTS AMERICA / Douglas Earl Schooner ownership change
23 Jun 22
4
MOTORCAR PARTS AMERICA / David Sung Lee ownership change
23 Jun 22
4
MOTORCAR PARTS AMERICA / Kamlesh Shah ownership change
23 Jun 22
4
MOTORCAR PARTS AMERICA / Richard K Mochulsky ownership change
23 Jun 22
4
MOTORCAR PARTS AMERICA / Juliet Lynn Stone ownership change
23 Jun 22
4
MOTORCAR PARTS AMERICA / Juliet Lynn Stone ownership change
22 Jun 22
4
MOTORCAR PARTS AMERICA / Kamlesh Shah ownership change
22 Jun 22
4
MOTORCAR PARTS AMERICA / David Sung Lee ownership change
22 Jun 22
Transcripts
2022 Q4
Earnings call transcript
14 Jun 22
2022 Q3
Earnings call transcript
9 Feb 22
2022 Q2
Earnings call transcript
10 Nov 21
2022 Q1
Earnings call transcript
9 Aug 21
2021 Q4
Earnings call transcript
14 Jun 21
2021 Q3
Earnings call transcript
10 Feb 21
2021 Q2
Earnings call transcript
9 Nov 20
2021 Q1
Earnings call transcript
10 Aug 20
2020 Q4
Earnings call transcript
15 Jun 20
2020 Q3
Earnings call transcript
10 Feb 20
Reddit threads
(6/16) Thursday's Pre-Market Stock Movers & News
16 Jun 22
(6/14) Tuesday's Pre-Market Stock Movers & News
14 Jun 22
Daily Discussion Thread - June 14th, 2022
14 Jun 22
Daily Discussion Thread - June 13th, 2022
13 Jun 22
Daily Discussion Thread - June 10th, 2022
10 Jun 22
consultant: this will make our earnings skyrocket!
23 Apr 22
Twitter Counters a Musk Takeover With a Plan to Thwart the Bid
15 Apr 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22
Daily Discussion Thread - February 8th, 2022
8 Feb 22
Daily Discussion Thread - February 7th, 2022
7 Feb 22