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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
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

9 Feb 21
11 Apr 21
31 Mar 22
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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 20 Mar 19 Mar 18 Mar 17
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) 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

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 110 103 +6.8%
Opened positions 15 11 +36.4%
Closed positions 8 9 -11.1%
Increased positions 27 22 +22.7%
Reduced positions 51 46 +10.9%
13F shares
Current Prev Q Change
Total value 505.81M 379.91M +33.1%
Total shares 20.85M 19.41M +7.4%
Total puts 0 0
Total calls 26.5K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 2.93M $57.45M +3.1%
Global Alpha Capital Management 2.11M $41.34M -4.8%
PZN Pzena Investment Management 1.98M $38.76M +3.2%
Wellington Management 1.61M $31.56M -5.8%
WELLINGTON TRUST Co N A 1.57M $30.86M NEW
Dimensional Fund Advisors 1.54M $30.25M -1.8%
Vanguard 1.36M $26.71M +0.1%
Private Capital Management 1.1M $21.49M -4.5%
AMP Ameriprise Financial 690.36K $13.54M +4.9%
STT State Street 553.61K $10.86M -4.2%
Largest transactions
Shares Bought/sold Change
WELLINGTON TRUST Co N A 1.57M +1.57M NEW
Fairhaven Wealth Management 516.13K +516.13K NEW
Granahan Investment Management 21.1K -176.95K -89.3%
Rutabaga Capital Management 109.87K -138.72K -55.8%
Heartland Advisors 275K -125.2K -31.3%
Kennedy Capital Management 95.24K -115.36K -54.8%
Global Alpha Capital Management 2.11M -105.4K -4.8%
Wellington Management 1.61M -99.83K -5.8%
BLK Blackrock 2.93M +88.28K +3.1%
PZN Pzena Investment Management 1.98M +61.46K +3.2%

Financial report summary

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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