MPAA Motorcar Parts of America
Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, brake master cylinders, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.
Company profile
Ticker
MPAA
Exchange
Website
CEO
Selwyn Joffe
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • Visteon • Allison Transmission • Dana • Tenneco ...
Former names
MOTORCAR PARTS AMERICA INC, MOTORCAR PARTS & ACCESSORIES INC
SEC CIK
Corporate docs
IRS number
112153962
MPAA stock data
()
News
Motorcar Parts Of America Announces Subsidiary D&V Electronics USA Has Received Notification That Its Emulator Being Utilized By Delta Electronics' Automotive Division
25 Feb 21
92 Biggest Movers From Yesterday
10 Feb 21
12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session
9 Feb 21
Recap: Motorcar Parts of America Q3 Earnings
9 Feb 21
Motorcar Parts of America Q3 Adj. EPS $0.44 Misses $0.49 Estimate, Sales $122.60M Miss $140.07M Estimate
9 Feb 21
Press releases
D&V Electronics Announces Opening of New Technical Center
30 Mar 21
Electric Charging Station Development Program Accelerates With Motorcar Parts of America's D&V Electronics Emulator
25 Feb 21
Motorcar Parts of America, Inc. to Host Earnings Call
9 Feb 21
Motorcar Parts of America to Report Fiscal 2021 Third Quarter Results; Host Conference Call
3 Feb 21
Investment data
Securities sold
Number of investors
Calendar
9 Feb 21
11 Apr 21
31 Mar 22
Financial summary
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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) | 12.8M | 12.8M | 12.8M | 12.8M | 12.8M | 12.8M |
| Cash burn (monthly) | 2.7M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 9.09M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 3.71M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 1.4 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| 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 |
Institutional ownership Q4 2020
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 |
|---|---|
| Total holders | 110 |
| Opened positions | 15 |
| Closed positions | 8 |
| Increased positions | 27 |
| Reduced positions | 51 |
13F shares |
Current |
|---|---|
| Total value | 505.81M |
| Total shares | 20.85M |
| Total puts | 0 |
| Total calls | 26.5K |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 2.93M | $57.45M |
| Global Alpha Capital Management | 2.11M | $41.34M |
| PZN Pzena Investment Management | 1.98M | $38.76M |
| Wellington Management | 1.61M | $31.56M |
| WELLINGTON TRUST Co N A | 1.57M | $30.86M |
| Dimensional Fund Advisors | 1.54M | $30.25M |
| Vanguard | 1.36M | $26.71M |
| Private Capital Management | 1.1M | $21.49M |
| AMP Ameriprise Financial | 690.36K | $13.54M |
| STT State Street | 553.61K | $10.86M |
Financial report summary
?Risks
- Our business, results of operations, and financial condition could be materially adversely affected by the effects of widespread public health crises, including the novel coronavirus (“COVID-19”) pandemic, that are beyond our control.
- Unfavorable economic conditions may adversely affect our business.
- Our operating results may continue to fluctuate significantly.
- Our lenders may not waive future defaults under our credit agreements.
- Unfavorable currency exchange rate fluctuations could adversely affect us.
- An increase in the cost or a disruption in the flow of our imported products may significantly decrease our sales and profits.
- 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.
- 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.
- 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 stock price may be volatile and could decline substantially.
- 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.
Management Discussion
- Net Sales. Our net sales for fiscal 2020 increased by $63,034,000, or 13.3%, to $535,831,000 compared with net sales for fiscal 2019 of $472,797,000, reflecting continued growth across all of our product lines. In addition, our net sales for fiscal 2020 were positively impacted by: (i) our expansion of automotive aftermarket brake product offerings with the introduction of brake calipers in August 2019, which contributed net sales of $28,118,000 and (ii) $19,663,000 due to the full-year impact of acquisitions completed during the latter part of fiscal 2019.
- Sales mix for fiscal 2020 compared with 2019 for: (i) rotating electrical products represented 73.3% versus 78.9%, (ii) wheel hubs, 14.9% versus 15.7%; (iii) brake-related products, which include brake calipers, brake boosters, brake master cylinders, and brake rotors, represented 8.9% versus 3.1% ; and (iv) diagnostics and other products, which include diagnostics systems, advanced power emulators used for the development of electric vehicles and aerospace applications, and custom power electronic products for quality control in the development and production of electric vehicles and turbochargers, represented 2.9% versus 2.3%.
- Gross Profit. Our gross profit was $118,400,000, or 22.1% of net sales for fiscal 2020 compared with $89,174,000, or 18.9% of net sales for fiscal 2019.
Content analysis
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New words:
achieved, Additionally, buildup, freight, put, settlement
Financial reports
10-Q
2021 Q3
Quarterly report
9 Feb 21
10-Q
2021 Q2
Quarterly report
9 Nov 20
10-Q
2021 Q1
Quarterly report
10 Aug 20
10-K
2020 FY
Annual report
15 Jun 20
10-Q
2020 Q3
Quarterly report
10 Feb 20
10-Q
2020 Q2
Quarterly report
12 Nov 19
10-Q
2020 Q1
Quarterly report
9 Aug 19
10-K
2019 FY
Annual report
28 Jun 19
NT 10-K
Notice of late annual filing
14 Jun 19
10-Q
2019 Q3
Quarterly report
11 Feb 19
Current reports
8-K
Results of Operations and Financial Condition
9 Feb 21
8-K
Motorcar Parts of America Announces Appointment of Former Ford Executive to Board
4 Jan 21
8-K
Results of Operations and Financial Condition
9 Nov 20
8-K
Submission of Matters to a Vote of Security Holders
3 Sep 20
8-K
Motorcar Parts of America Reports Fiscal 2021
10 Aug 20
8-K
Motorcar Parts of America Reports Fiscal 2020
15 Jun 20
8-K
Departure of Directors or Certain Officers
8 May 20
8-K
Departure of Directors or Certain Officers
1 Apr 20
8-K
Departure of Directors or Certain Officers
26 Mar 20
8-K
Motorcar Parts of America Reports Fiscal 2020 Third Quarter Results
10 Feb 20
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
23 Aug 20
DEFA14A
Additional proxy soliciting materials
31 Jul 20
DEFA14A
Additional proxy soliciting materials
24 Jul 20
DEF 14A
Definitive proxy
24 Jul 20
DEF 14A
Definitive proxy
29 Jul 19
DEFA14A
Additional proxy soliciting materials
20 Aug 18
DEF 14A
Definitive proxy
29 Jul 18
DEFA14A
Additional proxy soliciting materials
7 Dec 17
DEF 14A
Definitive proxy
19 Nov 17
DEFA14A
Additional proxy soliciting materials
9 Mar 17
Other
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
CT ORDER
Confidential treatment order
22 Aug 18
Ownership
4
MOTORCAR PARTS AMERICA / Scott Joseph Adelson ownership change
29 Mar 21
4
MOTORCAR PARTS AMERICA / Duane Franklin Miller ownership change
10 Mar 21
SC 13G/A
MOTORCAR PARTS AMERICA / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G/A
MOTORCAR PARTS AMERICA / Global Alpha Capital Management ownership change
10 Feb 21
SC 13G/A
MOTORCAR PARTS AMERICA / VANGUARD ownership change
10 Feb 21
SC 13G/A
MOTORCAR PARTS AMERICA / Private Capital Management ownership change
5 Feb 21
SC 13G/A
MOTORCAR PARTS AMERICA / WELLINGTON MANAGEMENT ownership change
4 Feb 21
SC 13G/A
MOTORCAR PARTS AMERICA / WELLINGTON TRUST Co N A ownership change
3 Feb 21
SC 13G/A
MOTORCAR PARTS AMERICA / PZENA INVESTMENT MANAGEMENT ownership change
29 Jan 21
4
MOTORCAR PARTS AMERICA / Jeffrey P Mirvis ownership change
26 Jan 21
Transcripts
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
2020 Q2
Earnings call transcript
12 Nov 19
2020 Q1
Earnings call transcript
11 Aug 19
2019 Q4
Earnings call transcript
28 Jun 19
2019 Q3
Earnings call transcript
11 Feb 19
2019 Q2
Earnings call transcript
8 Jan 19