Motorcar Parts of America (MPAA)
Market Price (11/8/2026): $10.53 | Market Cap: $199.4 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Motorcar Parts of America (MPAA)
Market Price (11/8/2026): $10.53Market Cap: $199.4 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Electrification of Everything, and Sustainable Consumption. Themes include Automotive Parts Remanufacturing, Show more. | Weak multi-year price returns3Y Excs Rtn is -27% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.23 | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 104% Weak revenue growthRev Chg QQuarterly Revenue Change % is -11% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.3% Key risksMPAA key risks include [1] a significant debt load and persistent financial underperformance, Show more. |
| Megatrend and thematic driversMegatrends include Circular Economy & Recycling, Electrification of Everything, and Sustainable Consumption. Themes include Automotive Parts Remanufacturing, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -27% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.23 |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 104% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -11% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.3% |
| Key risksMPAA key risks include [1] a significant debt load and persistent financial underperformance, Show more. |
Qualitative Assessment
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Motorcar Parts of America (MPAA) stock has lost about 20% since 7/31/2026 because of the following key factors:
1. Significant Fiscal Q1 2027 Earnings and Revenue Miss.
Motorcar Parts of America reported its fiscal Q1 2027 results on August 9, 2026 (for the quarter ended June 30, 2026), significantly missing analyst expectations. The company posted an earnings per share (EPS) loss of -$0.34, a substantial miss compared to analysts' consensus estimate of a $0.17 profit. Some reports indicated an even larger loss of $0.71 per share against a $0.19 profit estimate. Furthermore, net sales for the quarter were $168.0 million, falling short of the estimated $183.0 million. This underperformance was attributed to factors such as the timing of customer orders, competitive inventory liquidations, and the relocation of Canadian heavy-duty operations. The stock experienced a notable decline of approximately 10% following this announcement.
2. Negative Revisions in Analyst Ratings and Price Targets.
Following the disappointing fiscal Q1 2027 results and a challenging industry outlook, several analysts downgraded Motorcar Parts of America's stock and adjusted their price targets downward. Wall Street Zen downgraded the stock from a "strong-buy" rating to a "hold" on August 15, 2026. Weiss Ratings further cut MPAA from a "sell (d+)" rating to a "sell (d)" on August 25, 2026. Most notably, Zacks Research downgraded MPAA from a "hold" rating to a "strong sell" on October 12, 2026. Raymond James Financial also set a price target of $16.00 on August 18, 2026. The consensus rating for MPAA shifted to "Hold" with an average target price of $18.00 as of November 2, 2026.
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Motorcar Parts of America (MPAA) stock has lost about 20% since 7/31/2026 because of the following key factors:
1. Significant Fiscal Q1 2027 Earnings and Revenue Miss.
Motorcar Parts of America reported its fiscal Q1 2027 results on August 9, 2026 (for the quarter ended June 30, 2026), significantly missing analyst expectations. The company posted an earnings per share (EPS) loss of -$0.34, a substantial miss compared to analysts' consensus estimate of a $0.17 profit. Some reports indicated an even larger loss of $0.71 per share against a $0.19 profit estimate. Furthermore, net sales for the quarter were $168.0 million, falling short of the estimated $183.0 million. This underperformance was attributed to factors such as the timing of customer orders, competitive inventory liquidations, and the relocation of Canadian heavy-duty operations. The stock experienced a notable decline of approximately 10% following this announcement.
2. Negative Revisions in Analyst Ratings and Price Targets.
Following the disappointing fiscal Q1 2027 results and a challenging industry outlook, several analysts downgraded Motorcar Parts of America's stock and adjusted their price targets downward. Wall Street Zen downgraded the stock from a "strong-buy" rating to a "hold" on August 15, 2026. Weiss Ratings further cut MPAA from a "sell (d+)" rating to a "sell (d)" on August 25, 2026. Most notably, Zacks Research downgraded MPAA from a "hold" rating to a "strong sell" on October 12, 2026. Raymond James Financial also set a price target of $16.00 on August 18, 2026. The consensus rating for MPAA shifted to "Hold" with an average target price of $18.00 as of November 2, 2026.
3. Broader Automotive Industry Headwinds.
The overall automotive aftermarket industry faced significant challenges during the period, contributing to MPAA's stock decline. Global auto sales in 2026 were projected to decrease by 2.5%, largely due to anticipated drops in the U.S. and China markets. Specifically, U.S. auto sales were down 3.6% through the first half of fiscal 2027 (calendar 2026), with full-year 2026 sales expected to be 3% lower than 2025, driven by increased costs, lower electric vehicle (EV) sales demand, and general economic uncertainty. The equity performance of public companies within the automotive sector broadly underperformed the S&P 500 through June 2026. MPAA also cited competitive inventory liquidations in the market as impacting its fiscal Q1 2027 net sales.
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Stock Movement Drivers
Fundamental Drivers
The -21.5% change in MPAA stock from 7/31/2026 to 11/7/2026 was primarily driven by a -20.1% change in the company's P/S Multiple.| (LTM values as of) | 7312026 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.40 | 10.52 | -21.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 790 | 769 | -2.6% |
| P/S Multiple | 0.3 | 0.3 | -20.1% |
| Shares Outstanding (Mil) | 19 | 19 | 0.9% |
| Cumulative Contribution | -21.5% |
Market Drivers
7/31/2026 to 11/7/2026| Return | Correlation | |
|---|---|---|
| MPAA | -21.5% | |
| Market (SPY) | -1.6% | 28.6% |
| Sector (XLY) | 1.3% | 28.5% |
Fundamental Drivers
The -6.2% change in MPAA stock from 4/30/2026 to 11/7/2026 was primarily driven by a -8.4% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.22 | 10.52 | -6.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 771 | 769 | -0.2% |
| P/S Multiple | 0.3 | 0.3 | -8.4% |
| Shares Outstanding (Mil) | 19 | 19 | 2.5% |
| Cumulative Contribution | -6.2% |
Market Drivers
4/30/2026 to 11/7/2026| Return | Correlation | |
|---|---|---|
| MPAA | -6.2% | |
| Market (SPY) | 2.6% | 13.5% |
| Sector (XLY) | -0.5% | 18.0% |
Fundamental Drivers
The -38.3% change in MPAA stock from 10/31/2025 to 11/7/2026 was primarily driven by a -39.3% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.06 | 10.52 | -38.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 776 | 769 | -0.8% |
| P/S Multiple | 0.4 | 0.3 | -39.3% |
| Shares Outstanding (Mil) | 19 | 19 | 2.4% |
| Cumulative Contribution | -38.3% |
Market Drivers
10/31/2025 to 11/7/2026| Return | Correlation | |
|---|---|---|
| MPAA | -38.3% | |
| Market (SPY) | 8.7% | 13.4% |
| Sector (XLY) | -1.4% | 19.0% |
Fundamental Drivers
The 45.7% change in MPAA stock from 10/31/2023 to 11/7/2026 was primarily driven by a 24.7% change in the company's P/S Multiple.| (LTM values as of) | 10312023 | 11072026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.22 | 10.52 | 45.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 679 | 769 | 13.4% |
| P/S Multiple | 0.2 | 0.3 | 24.7% |
| Shares Outstanding (Mil) | 20 | 19 | 3.1% |
| Cumulative Contribution | 45.7% |
Market Drivers
10/31/2023 to 11/7/2026| Return | Correlation | |
|---|---|---|
| MPAA | 45.7% | |
| Market (SPY) | 81.9% | 22.8% |
| Sector (XLY) | 58.2% | 22.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MPAA Return | -13% | -31% | -21% | -19% | 62% | -15% | -46% |
| Peers Return | 39% | -10% | -1% | -2% | 11% | 3% | 40% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| MPAA Win Rate | 33% | 42% | 50% | 42% | 50% | 45% | |
| Peers Win Rate | 70% | 40% | 42% | 47% | 53% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| MPAA Max Drawdown | -39% | -50% | -72% | -53% | -31% | -37% | |
| Peers Max Drawdown | -16% | -31% | -30% | -25% | -27% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DORM, SMP, LKQ, GPC, BWA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | MPAA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.8% | -18.8% |
| % Gain to Breakeven | 21.6% | 23.1% |
| Time to Breakeven | 36 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.5% | -9.5% |
| % Gain to Breakeven | 32.4% | 10.5% |
| Time to Breakeven | 20 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -67.2% | -6.7% |
| % Gain to Breakeven | 204.5% | 7.1% |
| Time to Breakeven | 839 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.8% | -24.5% |
| % Gain to Breakeven | 32.9% | 32.4% |
| Time to Breakeven | 111 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.5% | -33.7% |
| % Gain to Breakeven | 83.4% | 50.9% |
| Time to Breakeven | 221 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.1% | -19.2% |
| % Gain to Breakeven | 49.4% | 23.8% |
| Time to Breakeven | 711 days | 105 days |
In The Past
Motorcar Parts of America's stock fell -17.8% during the 2025 US Tariff Shock. Such a loss loss requires a 21.6% gain to breakeven.
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Asset Allocation
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| Event | MPAA | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.5% | -9.5% |
| % Gain to Breakeven | 32.4% | 10.5% |
| Time to Breakeven | 20 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -67.2% | -6.7% |
| % Gain to Breakeven | 204.5% | 7.1% |
| Time to Breakeven | 839 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.8% | -24.5% |
| % Gain to Breakeven | 32.9% | 32.4% |
| Time to Breakeven | 111 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.5% | -33.7% |
| % Gain to Breakeven | 83.4% | 50.9% |
| Time to Breakeven | 221 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -33.1% | -19.2% |
| % Gain to Breakeven | 49.4% | 23.8% |
| Time to Breakeven | 711 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.3% | -6.8% |
| % Gain to Breakeven | 32.1% | 7.3% |
| Time to Breakeven | 104 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -45.7% | -17.9% |
| % Gain to Breakeven | 84.3% | 21.8% |
| Time to Breakeven | 746 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -70.2% | -53.4% |
| % Gain to Breakeven | 235.8% | 114.4% |
| Time to Breakeven | 601 days | 1085 days |
In The Past
Motorcar Parts of America's stock fell -17.8% during the 2025 US Tariff Shock. Such a loss loss requires a 21.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Motorcar Parts of America (MPAA)
Motorcar Parts of America, Inc. (MPAA) specializes in manufacturing, remanufacturing, and distributing a wide array of replacement parts for diverse applications. Their core product offerings traditionally cater to heavy-duty trucks, industrial machinery, marine vessels, and agricultural equipment. This segment includes essential components such as rotating electrical products (alternators and starters), wheel hub assemblies and bearings, and a comprehensive line of brake-related products like calipers, rotors, pads, boosters, and master cylinders.
In addition to its established parts business, MPAA has expanded its capabilities to provide advanced test solutions and diagnostic equipment. This newer focus includes specialized systems for electric vehicle (EV) powertrain development and manufacturing, such as electric motor and e-axle test systems, advanced power emulators, and charging unit testers. The company also supplies testing equipment for alternators, starters, and turbochargers, utilized in both manufacturing and automotive retail settings. MPAA serves a broad customer base across North America, selling its products to automotive retail chain stores, warehouse distributors, and directly to automobile manufacturers for their aftermarket and warranty replacement programs.
AI Analysis | Feedback
Here are 1-2 brief analogies for Motorcar Parts of America (MPAA):
- Think of them as a primary supplier for major auto parts retailers like AutoZone or O'Reilly Auto Parts, making and remanufacturing everything from alternators to brake calipers for cars and trucks.
- They also function like a crucial industrial parts provider, similar to a specialized Grainger, supplying heavy-duty replacement components for trucks, farm equipment, and marine applications.
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- Rotating Electrical Products: Manufactures and remanufactures alternators and starters for heavy-duty truck, industrial, marine, and agricultural applications.
- Wheel Hub Assemblies and Bearings: Provides crucial components for vehicle wheel systems.
- Brake-Related Products: Offers a comprehensive range including brake calipers, boosters, rotors, pads, and master cylinders.
- Turbochargers: Manufactures and distributes devices used to increase an engine's power output.
- Electric Vehicle (EV) Powertrain Test Systems: Develops test solutions and diagnostic equipment for EV motors, e-axles, power emulators, and charging units.
- Automotive Aftermarket Test Systems: Provides diagnostic equipment for alternators, starters, belt starter generators, and general bench-top testing in the automotive retail segment.
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Motorcar Parts of America (MPAA) sells its products primarily to other companies (B2B) in North America. The provided background information does not list specific customer company names. However, it identifies the following categories of business customers:
- Automotive retail chain stores
- Warehouse distributors
- Automobile manufacturers (for their aftermarket programs and warranty replacement programs)
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Selwyn Joffe, Chairman, President and Chief Executive Officer
Selwyn Joffe was appointed Chief Executive Officer in February 2003, and has served as Chairman of the Board since 1999 and a director since 1994. Prior to joining Motorcar Parts of America, Mr. Joffe served as chairman and chief executive officer of Protea Group, Inc., a company specializing in consulting and acquisition services. He was also president and chief executive officer of Netlock Technologies. Mr. Joffe co-founded Palace Entertainment, Inc., a roll-up of amusement parks, where he served as president and chief operating officer. Earlier, he was president and chief executive officer of Wolfgang Puck Food Company. He is a certified public accountant and holds degrees in both business and law from Emory University.
David Lee, Chief Financial Officer
David Lee has served as Chief Financial Officer since February 2008. Before this, he held roles within Motorcar Parts of America as Vice President, Finance & Strategic Planning (2006–2008) and Director of Finance & Strategic Planning (2005–2006). He is a Certified Public Accountant with a Bachelor of Arts in Economics from UC San Diego and an MBA from UCLA Anderson. His earlier career included various corporate controller and finance positions for several domestic companies, including Palace Entertainment, where he worked with Selwyn Joffe, and audit experience at Deloitte LLP.
Juliet Stone, Senior Vice President, Government Affairs and Special Projects
Juliet Stone transitioned to the newly created position of Senior Vice President, Government Affairs and Special Projects in June 2025. She previously served as the company's General Counsel. This new role is considered particularly important due to the geopolitical environment and its impact on business.
Glenn Burlingame, Vice President, General Counsel and Secretary
Glenn Burlingame was appointed Vice President, General Counsel and Secretary in June 2025. He brings over 30 years of experience representing corporate clients. His career includes serving as a partner at Sichenzia Ross Ference Carmel LLP, where his focus was on corporate governance, securities law compliance, securities offerings, acquisitions, and financings. He also served as a partner at Zeicher Ellman & Krause LLP and began his career as an associate at Cravath Swaine & Moore LLP. Mr. Burlingame earned his Juris Doctor degree from New York University School of Law.
Kamlesh Shah, Chief Accounting Officer
Kamlesh Shah was promoted to Chief Accounting Officer in February 2008. Prior to this, he served as Vice President, Controller, and Assistant Controller for Motorcar Parts of America. His earlier experience includes finance positions at Nestle S.A. and Galadari Brothers. He is a Certified Public Accountant and holds a Bachelor of Science degree in accounting from the University of Bombay, India.
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- Shift to Electric Vehicles (EVs): The long-term shift towards electric vehicles poses a significant technological challenge to Motorcar Parts of America. As the U.S. Hybrid & Electric Vehicle Manufacturing industry grows, the addressable market for MPAA's traditional internal combustion engine-related products, such as alternators and starters, is expected to shrink. While the company is focusing on non-electrical parts and its D&V Electronics segment to mitigate this, the core business remains exposed to this evolving market trend.
- High Financial Leverage: Motorcar Parts of America carries a substantial amount of debt, with its liabilities significantly outweighing its cash and near-term receivables. In March 2025, the company had $126.0 million in debt. Its interest coverage ratio is notably low, indicating potential difficulty in easily paying off its debt obligations, which casts a shadow over the company's financial stability.
- Customer Concentration: The company faces a considerable risk due to its reliance on a limited number of major customers. In fiscal year 2025, sales to the three largest customers collectively represented 86% of the company's net sales, with the single largest customer accounting for 39%. A substantial reduction in sales or the loss of any of these key customers could have a materially adverse impact on Motorcar Parts of America's business, financial condition, and results of operations.
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The widespread adoption of electric vehicles (EVs) poses a significant emerging threat to Motorcar Parts of America's traditional business segments. As the global vehicle fleet transitions from internal combustion engine (ICE) vehicles to EVs, the demand for many of MPAA's core products, such as alternators, starters, and certain brake-related components (due to regenerative braking in EVs), will diminish substantially over time. This technological shift directly impacts the necessity for many of the replacement parts that form the foundation of their manufacturing, remanufacturing, and distribution operations for heavy-duty truck, industrial, marine, and agricultural applications, as these sectors also increasingly explore electrification.
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Motorcar Parts of America (MPAA) operates in several addressable markets for its diverse range of products and services.
Rotating Electrical Products (Alternators and Starters)
- The global automotive electrical products market, which includes alternators and starters, is projected to grow from USD 45.15 billion in 2023 to USD 78.21 billion by 2033.
Wheel Hub Assemblies and Bearings
- The global wheel hub assembly market is estimated to reach USD 6.11 billion in 2025 and is projected to grow to USD 9.72 billion by 2030.
- The global automotive bearing market was valued at USD 15.74 billion in 2025 and is projected to reach USD 23.12 billion by 2034.
- The global automotive wheel hub bearing aftermarket is projected to grow from USD 1.068 billion in 2024 to an estimated USD 1.602 billion by 2032.
Brake-Related Products (Brake Calipers, Boosters, Rotors, Pads, Master Cylinders)
- The global automotive brake components aftermarket was valued at USD 56.08 billion in 2025 and is expected to increase to USD 74.30 billion by 2030.
- The global automotive aftermarket brake friction parts market increased from USD 12.42 billion in 2025 to USD 13.32 billion in 2026, with a projection to reach USD 20.34 billion by 2032.
Test Solutions and Diagnostic Equipment for EV Powertrain Development and Manufacturing
- The global automotive powertrain testing market expanded from USD 19.32 billion in 2025 to USD 21.32 billion in 2026 and is projected to reach USD 41.29 billion by 2032.
Turbochargers
- The global turbochargers aftermarket market reached USD 12.1 billion in 2024 and is projected to reach USD 22.7 billion by 2033.
- The overall global turbocharger market was estimated at USD 37.09 billion in 2024 and is predicted to increase to USD 73.12 billion by 2034.
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Here are 3-5 expected drivers of future revenue growth for Motorcar Parts of America (MPAA) over the next 2-3 years:
- Growth in Existing Product Lines, particularly Brake-Related Products and Rotating Electrical Products: Motorcar Parts of America anticipates continued sales growth from its current product offerings. The company has explicitly mentioned focusing on growing sales of existing product lines. Its brake-related product lines, including brake calipers, brake pads, and brake rotors, are experiencing growth, with expectations for improved operating efficiencies as volumes increase. The company has also expanded its product coverage programs for starters, alternators, and brake products, adding over 120 new part numbers covering an additional thirty million vehicles in operation.
- Expansion in the Electric Vehicle (EV) Test Solutions and Diagnostic Equipment Market: MPAA is strategically positioned in the evolving EV market through its D&V Electronics subsidiary, which offers advanced test solutions and diagnostic equipment for EV powertrain development. The company has invested in research and development for next-generation emulators, believing they will be a significant product for the EV market. Furthermore, the acquisition of E&M Power has expanded D&V Electronics' EV powertrain portfolio and provided entry into the aerospace market, with management highlighting that the increasing complexity of electric powertrain systems is a key growth catalyst. The diagnostic business overall is also showing promising growth.
- Geographic Expansion, notably in the Mexican Market: The company is experiencing strong growth in its Mexican market sales and expects this momentum to continue and expand throughout the region. Management has highlighted increased demand for its aftermarket parts in Mexico and expressed confidence in utilizing its established footprint to meet this growing demand, with plans to expand its business across Latin America.
- Benefiting from Favorable Industry Dynamics: Motorcar Parts of America is poised to benefit from macro-level automotive aftermarket trends, including an aging vehicle fleet and an increase in miles driven. Analysts and company management point to record net sales and strong cash flow supported by the demand for nondiscretionary repairs. The average age of U.S. light vehicles is rising, supporting increased replacement part opportunities, which provides a long-term tailwind for the company's core business.
- New Business Commitments and Market Share Gains: The company has secured significant new business commitments driven by a changing competitive landscape and industry dynamics, including the bankruptcy of a competitor. Motorcar Parts of America has reported continued market share gains in key areas, particularly within its brake business. These gains, coupled with efforts to improve pricing and operational efficiencies, are expected to contribute to future revenue growth.
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Share Repurchases
- In December 2025, Motorcar Parts of America's board of directors authorized a $20 million increase to its share repurchase program, raising the total authorization to $57 million from the previous $37 million.
- During fiscal year 2025, the company repurchased 542,134 shares for $4.8 million.
- As of February 24, 2026, Motorcar Parts of America had returned $8.4 million to shareholders through its ongoing share repurchase program year-to-date.
Share Issuance
- The number of shares outstanding experienced minor fluctuations in recent years, with a 0.76% increase in 2024 and a 2.11% decrease in 2025.
- Restricted Stock Unit (RSU) awards were granted to company directors in September 2025.
Capital Expenditures
- Capital expenditures were approximately $4.6 million as of March 8, 2026.
- For fiscal year 2025, the net investment, which likely includes capital expenditures, was -$4.47 million.
- Recent infrastructure investments by the company are focused on enabling more effective leverage and driving expansion.
Peer Outperformance in Automotive Parts & Equipment
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| MPAA | Motorcar Parts of America | 4.3% | -48.9x | -39.5% | 28.9% | -46.8% | — |
| PATK | Patrick Industries | 2.7% | 18.6x | -24.2% | 61.2% | 63.5% | +110pp |
| ALV | Autoliv | 3.2% | 14.4x | 4.5% | 38.4% | 40.6% | +87pp |
| BWA | BorgWarner | 0.6% | 20.6x | 9.9% | 56.9% | 26.8% | +74pp |
| DORM | Dorman Products | 3.9% | 20.1x | 1.8% | 103.5% | 19.7% | +66pp |
| LCII | LCI Industries | 1.3% | 12.0x | -6.3% | 1.0% | -21.3% | +26pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -14.6% | 32.4% | 41.0% | CVSA 246% · GHC 109% · LRN 107% |
| Homebuilding | 17 | 2.8% | 29.0% | 29.7% | PHM 175% · TOL 159% · GRBK 150% |
| Automotive Retail | 17 | -4.5% | 18.3% | 11.3% | MUSA 209% · PAG 115% · ORLY 111% |
| Hotels, Resorts & Cruise Lines | 21 | 19.1% | 65.4% | 7.0% | RCL 250% · MAR 159% · HLT 147% |
| Home Improvement Retail | 5 | -4.8% | 4.3% | 5.3% | HD 6% · LOW 5% · FND -62% |
| Home Furnishings | 3 | 3.8% | 76.0% | -1.2% | SGI 50% · MHK -15% |
| Footwear | 9 | 75.5% | 83.0% | -15.7% | DECK 23% · SHOO -11% · CROX -16% |
| Restaurants | 36 | 1.5% | -3.8% | -24.2% | EAT 363% · CAKE 158% · TXRH 110% |
| Computer & Electronics Retail | 3 | 32.8% | 80.3% | -24.5% | BBY -3% · GME -53% |
| Specialized Consumer Services | 10 | -12.1% | 33.3% | -25.5% | FTDR 168% · HRB 146% · ADT 24% |
| Distributors | 4 | -6.7% | -16.6% | -26.0% | ARMK 96% · GPC 4% · POOL -56% |
| Leisure Products | 14 | -18.0% | -5.2% | -34.4% | GOLF 51% · HAS 50% · BC -14% |
| Leisure Facilities | 12 | 16.8% | 5.3% | -39.5% | OSW 160% · LTH 143% · PLNT -37% |
| Household Appliances | 18 | 36.3% | 16.7% | -40.3% | WHR -82% |
| Broadline Retail | 12 | -4.4% | 16.3% | -45.7% | EBAY 76% · AMZN 47% · OLLI 24% |
| Apparel Retail | 27 | -5.5% | 2.6% | -48.8% | ANF 223% · VSXY 110% · TJX 104% |
| Automotive Parts & Equipment ← | 37 | -13.5% | -25.6% | -48.8% | GTX 197% · PATK 64% · ALV 41% |
| Casinos & Gaming | 21 | -25.1% | -16.3% | -51.8% | RRR 22% · BYD 19% · LVS 3% |
| Apparel, Accessories & Luxury Goods | 29 | 14.6% | 20.9% | -53.7% | TPR 255% · RL 225% · KTB 59% |
| Other Specialty Retail | 25 | -5.3% | -10.5% | -57.7% | ULTA 65% · ASO 53% · ARHS 26% |
| Automobile Manufacturers | 8 | -57.1% | -43.4% | -70.5% | GM 54% · TSLA -12% · F -12% |
| Consumer Electronics | 11 | -31.6% | -31.4% | -80.5% | GRMN 122% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Motorcar Parts of America Earnings Notes | 12/16/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 47.00 |
| Mkt Cap | 4.6 |
| Rev LTM | 7,841 |
| Op Inc LTM | 618 |
| FCF LTM | 440 |
| FCF 3Y Avg | 392 |
| CFO LTM | 549 |
| CFO 3Y Avg | 588 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.3% |
| Rev Chg 3Y Avg | 3.6% |
| Rev Chg Q | -0.6% |
| QoQ Delta Rev Chg LTM | -0.1% |
| Op Inc Chg LTM | -9.2% |
| Op Inc Chg 3Y Avg | 11.7% |
| Op Mgn LTM | 7.6% |
| Op Mgn 3Y Avg | 7.8% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 7.8% |
| CFO/Rev 3Y Avg | 7.0% |
| FCF/Rev LTM | 6.2% |
| FCF/Rev 3Y Avg | 4.8% |
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Hard Parts | 742 | 708 | 671 | 639 | 611 |
| Other | 49 | 50 | 48 | 45 | 43 |
| Intersegment sales | -1 | -1 | -1 | -1 | -3 |
| Total | 790 | 757 | 718 | 683 | 650 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Hard Parts | 67 | 41 | 48 | 45 | 32 |
| Elimination of intersegment operating income (loss) | 0 | 0 | 0 | -0 | -0 |
| Other | -2 | -1 | -2 | -8 | -4 |
| Total | 66 | 40 | 46 | 36 | 29 |
| $ Mil | 2026 | 2025 | 2024 | 2023 | 2013 |
|---|---|---|---|---|---|
| Hard Parts | 1,038 | 967 | 1,020 | 1,033 | |
| Other | 55 | 58 | 55 | 50 | |
| Elimination of intersegment assets | -73 | -68 | -63 | -54 | |
| Eliminations | -8 | ||||
| Rotating Electrical | 277 | ||||
| Under-the-Car Product Line | 98 | ||||
| Total | 1,019 | 958 | 1,012 | 1,029 | 367 |
Price Behavior
| Market Price | $10.52 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 03/23/1994 | |
| Distance from 52W High | -39.5% | |
| 50 Days | 200 Days | |
| DMA Price | $10.67 | $11.74 |
| DMA Trend | down | down |
| Distance from DMA | -1.4% | -10.4% |
| 3M | 1YR | |
| Volatility | 32.2% | 60.9% |
| Downside Capture | 160.60 | 149.71 |
| Upside Capture | 52.35 | 73.62 |
| Correlation (S&P 500) | 31.0% | 14.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.06 | 0.39 | 0.60 | 0.50 | 0.56 | 0.93 |
| Up Beta | 0.48 | -0.31 | 0.55 | -0.80 | -0.37 | 0.58 |
| Down Beta | -0.26 | 0.69 | -0.05 | -1.02 | -0.16 | 1.01 |
| Up Capture | 2% | -0% | 12% | 119% | 59% | 113% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 9 | 16 | 30 | 60 | 121 | 364 |
| Down Capture | 28% | 92% | 162% | 142% | 127% | 104% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 13 | 26 | 33 | 65 | 128 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MPAA | |
|---|---|---|---|---|
| MPAA | -40.8% | 60.9% | -0.63 | - |
| Sector ETF (XLY) | -1.9% | 19.8% | -0.22 | 18.5% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 13.1% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 4.0% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -11.1% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 6.8% |
| Bitcoin (BTCUSD) | -27.2% | 43.6% | -0.61 | 13.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MPAA | |
|---|---|---|---|---|
| MPAA | -11.0% | 63.1% | 0.07 | - |
| Sector ETF (XLY) | 4.0% | 24.2% | 0.12 | 26.2% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 27.9% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | -2.3% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | 3.7% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 23.8% |
| Bitcoin (BTCUSD) | 4.0% | 51.6% | 0.26 | 10.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MPAA | |
|---|---|---|---|---|
| MPAA | -8.8% | 55.4% | 0.06 | - |
| Sector ETF (XLY) | 12.8% | 22.3% | 0.52 | 32.2% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 33.9% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | -2.3% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 12.5% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 28.3% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 9.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/16/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -8.9% | -8.6% | -14.1% |
| 6/8/2026 | 34.6% | 42.5% | 31.4% |
| 2/9/2026 | -17.5% | -23.6% | -22.5% |
| 11/10/2025 | -26.0% | -24.7% | -21.9% |
| 8/11/2025 | 22.4% | 21.8% | 31.2% |
| 6/9/2025 | -18.5% | -10.2% | 0.1% |
| 2/10/2025 | 10.6% | 61.7% | 84.5% |
| 11/12/2024 | 14.7% | 12.5% | 33.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 13 | 11 |
| # Negative | 15 | 11 | 13 |
| Median Positive | 12.4% | 12.5% | 31.2% |
| Median Negative | -8.9% | -15.8% | -14.1% |
| Max Positive | 34.6% | 61.7% | 84.5% |
| Max Negative | -26.0% | -26.3% | -44.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/10/2026 | -8.9% | -8.6% | -14.1% |
| 6/8/2026 | 34.6% | 42.5% | 31.4% |
| 2/9/2026 | -17.5% | -23.6% | -22.5% |
| 11/10/2025 | -26.0% | -24.7% | -21.9% |
| 8/11/2025 | 22.4% | 21.8% | 31.2% |
| 6/9/2025 | -18.5% | -10.2% | 0.1% |
| 2/10/2025 | 10.6% | 61.7% | 84.5% |
| 11/12/2024 | 14.7% | 12.5% | 33.5% |
| 8/8/2024 | -0.8% | 2.2% | -2.7% |
| 6/11/2024 | -8.7% | 17.1% | 22.3% |
| 2/9/2024 | -10.2% | 1.3% | -13.8% |
| 11/9/2023 | -1.3% | 8.8% | 14.6% |
| 8/9/2023 | -13.9% | -15.8% | -16.6% |
| 6/13/2023 | 16.9% | 21.8% | 56.9% |
| 2/9/2023 | -8.4% | -10.0% | -32.5% |
| 11/9/2022 | -10.7% | -26.3% | -44.6% |
| 8/9/2022 | -1.7% | 7.1% | -1.3% |
| 6/14/2022 | -7.2% | -16.7% | -12.6% |
| 2/9/2022 | 5.8% | 1.7% | 1.4% |
| 11/9/2021 | -0.3% | 1.3% | -1.1% |
| 8/9/2021 | 0.3% | -2.0% | -15.3% |
| 6/14/2021 | 3.7% | -4.4% | 1.6% |
| 2/9/2021 | -12.9% | -21.5% | -7.9% |
| 11/9/2020 | 12.4% | 13.9% | 48.7% |
| SUMMARY STATS | |||
| # Positive | 9 | 13 | 11 |
| # Negative | 15 | 11 | 13 |
| Median Positive | 12.4% | 12.5% | 31.2% |
| Median Negative | -8.9% | -15.8% | -14.1% |
| Max Positive | 34.6% | 61.7% | 84.5% |
| Max Negative | -26.0% | -26.3% | -44.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 06/08/2026 | 10-K |
| 12/31/2025 | 02/09/2026 | 10-Q |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 06/09/2025 | 10-K |
| 12/31/2024 | 02/10/2025 | 10-Q |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 06/11/2024 | 10-K |
| 12/31/2023 | 02/09/2024 | 10-Q |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 06/14/2023 | 10-K |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 06/08/2026 | 10-K |
| 12/31/2025 | 02/09/2026 | 10-Q |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 06/09/2025 | 10-K |
| 12/31/2024 | 02/10/2025 | 10-Q |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 06/11/2024 | 10-K |
| 12/31/2023 | 02/09/2024 | 10-Q |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 06/14/2023 | 10-K |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 06/14/2022 | 10-K |
| 12/31/2021 | 02/09/2022 | 10-Q |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 06/14/2021 | 10-K |
| 12/31/2020 | 02/09/2021 | 10-Q |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 06/15/2020 | 10-K |
| 12/31/2019 | 02/10/2020 | 10-Q |
| 09/30/2019 | 11/12/2019 | 10-Q |
Recent Forward Guidance
Updated 11/2/2026Latest: Q1 2027 Earnings Reported 8/10/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Net Sales | Reported | 780.00 Mil | 790.00 Mil | 800.00 Mil | 0 | Affirmed | Guidance: 790.00 Mil for 2027 | |
| 2027 Annualized Net Sales | Reported | 900.00 Mil | ||||||
| 2027 Operating Income | Reported | 86.00 Mil | 88.50 Mil | 91.00 Mil | 0 | Affirmed | Guidance: 88.50 Mil for 2027 | |
Prior: Q4 2026 Earnings Reported 6/8/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2027 Revenue | Reported | 780.00 Mil | 790.00 Mil | 800.00 Mil | 4.6% | Higher New | Guidance: 755.00 Mil for 2026 | |
| 2027 Revenue Growth | Reported | 7.5% | 8.85% | 10.2% | ||||
| 2027 Operating Income | Reported | 86.00 Mil | 88.50 Mil | 91.00 Mil | 17.2% | Higher New | Guidance: 75.50 Mil for 2026 | |
| 2027 Operating Income Growth | Reported | 12.3% | 15.55% | 18.8% | ||||
| 2027 EBITDA | Reported | 95.00 Mil | 97.50 Mil | 100.00 Mil | ||||
Investor Activity (13F)
Updated Nov 8, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Automotive Parts & Equipment Resources |
| AftermarketNews |
| Tire Review |
| Motor Age |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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