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MPAA

Motorcar Parts of America, Inc.

MPAA

Motorcar Parts of America, Inc. • NASDAQ
$13.18 ▲ 0.46% (+0.06)
Market Cap $257.15 M
52w High $18.12
52w Low $5.38
Dividend Yield 0%
P/E 109.83
Volume 40.02K
Outstanding Shares 19.51M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $221.47M ▲ $27.825M ▲ $-2.149M ▼ -0.97% ▼ $-0.11 ▼ $16.484M ▼
Q1-2026 $188.364M ▼ $26.542M ▲ $3.042M ▲ 1.615% ▲ $0.16 ▲ $20.728M ▲
Q4-2025 $193.105M ▲ $22.217M ▼ $-722K ▼ -0.374% ▼ $-0.037 ▼ $16.296M ▼
Q3-2025 $186.176M ▼ $27.301M ▼ $2.291M ▲ 1.231% ▲ $0.12 ▲ $20.373M ▲
Q2-2025 $208.186M $28.757M $-2.954M -1.419% $-0.15 $14.741M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $17.735M ▲ $989.968M ▲ $731.432M ▲ $258.536M ▼
Q1-2026 $14.49M ▲ $973.35M ▲ $713.237M ▲ $260.113M ▲
Q4-2025 $11.31M ▼ $957.636M ▲ $699.937M ▲ $257.699M ▼
Q3-2025 $12.719M ▲ $949.508M ▼ $686.837M ▼ $262.671M ▼
Q2-2025 $12.314M $986.242M $722.279M $263.963M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-2.149M ▼ $21.865M ▲ $-936K ▼ $-17.563M ▼ $3.231M ▲ $20.839M ▲
Q1-2026 $3.042M ▲ $10.028M ▲ $-806K ▲ $-6.778M ▲ $3.05M ▲ $9.221M ▲
Q4-2025 $-722K ▼ $9.109M ▼ $-2.855M ▼ $-7.859M ▲ $-1.381M ▼ $6.247M ▼
Q3-2025 $2.291M ▲ $34.357M ▲ $-635K ▼ $-32.431M ▼ $397K ▼ $33.688M ▲
Q2-2025 $-2.954M $22.852M $-467K $-19.531M $2.882M $22.295M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Other Operating Segment
Other Operating Segment
 $10.00M ▲$40.00M ▲$10.00M ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily over the past several years, and gross profit has generally improved, which suggests the core business remains in demand and pricing/efficiency have not collapsed. However, this has not translated into stable bottom‑line results. Earnings have swung from small profits to losses, with the last couple of years showing meaningful red ink. That points to thin margins, higher overhead, and likely rising interest and investment costs, especially as the company leans into new technologies. The overall picture is of a company that can grow sales, but whose profitability is still fragile and sensitive to cost pressures and execution risk.

Balance Sheet

Balance Sheet The balance sheet looks adequate but not especially conservative. Total assets have grown modestly, but the cash cushion is quite small, which limits flexibility if conditions worsen. Debt sits at a moderate level for a business of this type—manageable, but not trivial—and has come down a bit from its peak. Equity built up earlier in the period but has flattened and edged lower more recently as losses accumulated. Overall, the company appears reasonably solvent, yet it does not have a large safety buffer, so sustained profitability improvement will be important to strengthen the capital base over time.

Cash Flow

Cash Flow Cash generation has been uneven. A few years ago, the business was consuming cash from operations, but more recently it has swung back to producing positive operating and free cash flow. Capital spending has been relatively light, which helps free cash flow but also means growth investments must be chosen carefully. The current pattern suggests better discipline around working capital and costs, but the margin for error is modest: a downturn in earnings or a buildup of inventory and receivables could quickly tighten liquidity given the low cash balance.

Competitive Edge

Competitive Edge MPAA operates in a mature, highly competitive auto‑parts aftermarket, but it has carved out a defensible position. Its long experience and scale in remanufacturing give it cost and process advantages that are difficult for smaller or newer rivals to copy. A broad product line and wide vehicle coverage make it convenient for large retailers and distributors to source from one partner. Deep, long‑term relationships with major aftermarket chains, plus value‑added services like private label programs, merchandising, and technical support, help embed MPAA with customers and reduce churn. On the other hand, heavy reliance on a concentrated group of powerful retailers, persistent price competition, and the gradual shift toward electric drivetrains all pose ongoing competitive challenges.

Innovation and R&D

Innovation and R&D The company is not just a traditional remanufacturer; it has invested meaningfully in diagnostics and testing technology, including proprietary power emulators and advanced test systems. Through its D&V Electronics unit, MPAA is building a presence in electric‑vehicle powertrain testing—motors, inverters, batteries, and related systems—working with global automakers and research centers. This gives it an early foothold in a fast‑growing niche that could offset long‑term pressure on internal‑combustion parts. MPAA also continues to extend its catalog with many new part numbers and hints at applying its testing expertise to adjacent areas like aerospace. The opportunity is significant, but it requires continued spending and strong execution to turn these initiatives into durable, profitable revenue streams.

Summary

Overall, MPAA looks like a traditional aftermarket parts business in transition. The legacy remanufacturing operation provides steady demand and supports gradual revenue growth, but profitability has been inconsistent and recently weak. The balance sheet and cash flows are acceptable but leave limited room for prolonged missteps. Strategically, the company appears well aware of industry shifts: it is doubling down on its process and service strengths while pushing into EV testing and other technology‑driven niches. The key questions going forward are whether MPAA can restore and sustain healthy margins in its core business, scale its newer EV‑related offerings into a meaningful profit contributor, and do so while keeping leverage and liquidity at comfortable levels.

NEWS

November 10, 2025 · 8:00 AM UTC

Motorcar Parts of America Reports Strong Fiscal Second Quarter Results

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November 3, 2025 · 8:00 AM UTC

Motorcar Parts of America to Report Fiscal 2026 Second Quarter Results; Host Conference Call

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October 15, 2025 · 8:30 AM UTC

Motorcar Parts of America to Present at Gabelli Funds 49th Annual Automotive Aftermarket Symposium

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