Picture of Motorcar Parts of America logo

MPAA Motorcar Parts of America News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer CyclicalsAdventurousSmall CapContrarian

Motorcar Parts of America Q1 sales beat estimates, raises FY forecast

Overview

Motorcar fiscal Q1 sales rise 10.9%, beating analyst expectations

EPS for fiscal Q1 misses analyst estimates

Co repurchased 197,796 shares, reducing net bank debt by $7 mln

Outlook

Company raises fiscal 2026 sales guidance to $800 mln-$820 mln

Motorcar Parts reaffirms operating income guidance at $86 mln-$91 mln

Company expects 5.6%-8.3% sales growth year-over-year

Motorcar Parts sees 4.3%-10.4% operating income growth year-over-year

Result Drivers

INDUSTRY DYNAMICS - Increasing number of vehicles on the road and aging car parc driving automotive aftermarket, per CEO Selwyn Joffe

SUPPLY CHAIN EFFICIENCIES - Co focused on enhancing supply chain and operating efficiencies to capitalize on market position

TARIFF MITIGATION - Efforts to reduce reliance on Chinese suppliers and offset tariff costs contributing to operational strategy

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 SalesBeat$188.40 mln$172 mln (1 Analyst)
Q1 EPSMiss$0.15$0.18 (1 Analyst)
Q1 Net Income$33.90 mln
Q1 Gross Profit$33.90 mln
Analyst Coverage The one available analyst rating on the shares is "buy" 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 $16.00, about 29.5% above its August 8 closing price of $11.28 The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago Press Release: ID:nBw7g1RlBa (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.)

Recent news on Motorcar Parts of America

See all news