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MPAA Motorcar Parts of America News Story

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Motorcar Parts of America's Q4 sales rise, helped by growth in brake products

Motorcar Parts of America's Q4 sales rise, helped by growth in brake products


Overview

  • US auto parts maker's fiscal Q4 net sales rose 9.9% yr/yr, returning to profit

  • Gross margin improved to 23.7% from 19.9% a year earlier

  • Company expects fiscal 2027 sales growth of 7.5% to 10.2% yr/yr


Outlook

  • Motorcar Parts of America expects fiscal 2027 net sales of $780 mln to $800 mln

  • Company expects fiscal 2027 operating income of $86 mln to $91 mln

  • Motorcar Parts of America expects EBITDA of $95 mln to $100 mln for fiscal 2027


Result Drivers

  • BRAKE-RELATED PRODUCT SALES - Co said strong brake-related product sales contributed to Q4 results

  • INVENTORY REALIGNMENT - Q4 net sales included $19.9 mln of core revenue from inventory realignment at customer distribution centers

  • OPERATING EFFICIENCIES - Co said overall operating efficiencies supported improved operating income and margins


Company press release: ID:nBw2ylQzma


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

$212.3 mln

Q4 EPS

$0.42

Q4 Gross Margin

23.7%

Q4 Gross Profit

$50.4 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

  • Wall Street's median 12-month price target for Motorcar Parts of America Inc is $18.00, about 70% above its June 5 closing price of $10.59

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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