Motorcar Parts of AmericaNASDAQ: MPAA

Motorcar Parts (MPAA) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to loss of $0.05 per share a year ago.

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2024 fourth quarter and year ended March 31, 2024 – reflecting year-over-year increases in sales, operating income and cash flow from operating activities, despite industry softness in the fourth quarter. Key highlights for the fiscal year. Net sales increased 5.1 percent to $717.7 million. Gross profit increased 16.3 percent to $132.6 million. Gross margin increased 1.8 percentage.

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced that its board of directors intends to nominate F. Jack Liebau, Jr. to stand for election to the company's board at the company's 2024 annual meeting of shareholders, in furtherance of the board's commitment to refreshment. Mr. Liebau is an accomplished investor and public company director. He has nearly 40 years of experience investing in public companies for leading institutional asset managers, includ.

The Motorcar Parts of America stock quote has declined significantly due to increased debt/interest expense, plus fears of recession. Enterprise valuations are now very low and the same as experienced during past recessions and business cycle bottoms. A double in share pricing to $10 is possible either through a swing back toward normalized investment valuations or a takeover/take private offer.

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced continued success in the strategic evolution of the company's emerging brake-related product offerings. To further enhance its strategic growth initiatives, the company announced the appointment of Dan Lelchuk as a director of business development for brake products. He will be focused on supporting and enhancing the company's brake caliper, brake pad and brake rotor product offerings. An industry vetera.

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2024 fourth quarter and year-end results on Tuesday, June 11, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through.

Motorcar Parts of America, Inc. (MPAA) Q3 2024 Earnings Call Transcript

Motorcar Parts (MPAA) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.21 per share a year ago.

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2024 third quarter on Friday, February 9, 2024. Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be open to all interested investors either through a live.