Headquartered in Torrance, CA Fiscal year ends March NASDAQ: MPAA motorcarparts.com
Motorcar Parts of America, Inc. (Nasdaq: MPAA) remanufactures, manufactures and distributes automotive aftermarket parts.
Its products include alternators, starters, wheel bearings and hub assemblies, and a range of brake components: calipers, pads, rotors, master cylinders and power boosters. It also sells diagnostic testing equipment. The parts serve imported and domestic passenger vehicles, light trucks and heavy-duty applications.
Customers are automotive retail outlets and the professional repair market across the United States, Canada and Mexico. The company relies heavily on core-exchange arrangements with large aftermarket retail customers, as reflected in sizable contract assets and liabilities.
Manufacturing and operating facilities are in California, New York, Mexico, Malaysia, China and India. It recently consolidated its heavy-duty program into its existing Mexican manufacturing operations.
The company is expanding in the brake aftermarket, including relaunching the Centric Parts brand amid competitive shifts following the First Brands bankruptcy. Its rotating electrical diagnostic testing equipment business is growing with North American and international customers.
An electric vehicle subsidiary designs and manufactures testing solutions for electric power train components. It provides simulation, emulation and production applications for automotive and aerospace electrification, including EV charging systems. Updated
Motorcar Parts of America's full-year sales outlook now tops out below its old floor: guidance cut to $715 million to $740 million from $780 million to $800 million after customers delayed orders while working down inventory from bankrupt First Brands. Management says roughly $60 million in new annualized business awards starts shipping by fiscal year end, with a Centric Parts brake relaunch not yet in the numbers.
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Motorcar Parts of America, Inc. (Nasdaq: MPAA) remanufactures, manufactures and distributes automotive aftermarket parts. Its products include alternators, starters, wheel bearings and hub assemblies, and a range of brake components: calipers, pads, rotors, master cylinders and power boosters.
The Wall Street consensus 12-month price target for MPAA is $17.33.
