Motorcar Parts Of America IncMPAA

NasdaqConsumer SpendingMotor Vehicle Parts & Accessories
Price (close)
$10.56
Market cap
$199.9M
P/E
—
Revenue (TTM)
$769.5M
Net income
-$4.1M
Dividend yield
—
1-year total return
-34.8%
Net margin
-0.5%
Revenue growth
-0.8%
Debt / equity
—

What Motorcar Parts Of America Inc does.

We are a leading supplier of automotive aftermarket non-discretionary replacement parts and test solutions and diagnostic equipment -- building upon industry leading technology to be “The Global Leader for Parts and Solutions that Move Our World Today and Tomorrow” . We operate in the $130 billion automotive aftermarket for replacement hard parts in North America. Our hard parts products include light-duty rotating electrical products and brake-related products. In addition, we sell test solutions and diagnostic equipment, which were added with our acquisitions of D&V Electronics Ltd. in July 2017 and Mechanical Power Conversion, LLC in December 2018 and heavy-duty rotating electrical products, which were added with our January 2019 acquisition of Dixie Electric, Ltd.

The automotive aftermarket is divided into two markets. The first is the do-it-yourself (“DIY”) market, which is generally serviced by the large retail chain outlets and online resellers. Consumers who purchase parts from the DIY market generally install parts into their vehicles themselves. In most cases, this is a less expensive alternative than having the repair performed by a professional installer. The second is the professional installer market, commonly known as the do-it-for-me (“DIFM”) market. Traditional warehouse distributors, dealer networks, and commercial divisions of retail chains service this market. Generally, the consumer in this market is a professional parts installer. Our products are distributed to both the DIY and DIFM markets. The distinction between these two markets has become less defined over the years, as retail outlets leverage their distribution strength and store locations to attract customers.

Revenue and profit, by fiscal year.

Fiscal year202120222023202420252026
Revenue$540.8M$650.3M$683.1M$717.7M$757.4M$789.8M
Net income$21.5M$7.4M-$4.2M-$49.2M-$19.5M$12.4M
Free cash flow$42.1M-$52.4M-$26.0M$38.2M$40.9M$15.5M

More on MPAA.

Figures from Motorcar Parts Of America Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.