Market Overview

Recap: Motorcar Parts of America Q2 Earnings

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Shares of Motorcar Parts of America (NASDAQ:MPAA) were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share increased 14.71% over the past year to $0.78, which beat the estimate of $0.46.

Revenue of $154,730,000 up by 2.18% year over year, which beat the estimate of $148,670,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 09, 2020

Time: 01:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.motorcarparts.com%2F&eventid=2628413&sessionid=1&key=B4DA154FF7F7BFA1D38E64ED0191DF5A&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $24.60

Company's 52-week low was at $10.43

Price action over last quarter: down 12.51%

Company Description

Motorcar Parts of America Inc is a US-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the US, of which a majority of the revenue is derived from the sales of rotating electrical products.

 

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