Motorcar Parts Of America: Higher Rates Detracting From Improving Fundamentals [Seeking Alpha]
Motorcar Parts of America, Inc. (MPAA)
Last motorcar parts of america, inc. earnings: 2/10 08:00 am
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US:NASDAQ Investor Relations:
investors.motorcarparts.com/investor-relations
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Source: Seeking Alpha
Despite these tailwinds, higher interest rates have put downward pressure on earnings due to MPA's accounts receivable discount program. I believe this is creating an opportunity for investors to take advantage of short-term worries to purchase the stock at a low valuation with attractive upside. I see a credible case for the stock to reach $8.25 based on EBITDA of $72mm in FY2025, a 5x multiple and $200mm of net debt. This is supported by positive industry fundamentals as confirmed by earnings from Genuine Parts Company, and by past private equity transactions involving industry peers. Motorcar Parts of America, Inc. ( NASDAQ: MPAA ) primarily manufactures and remanufactures aftermarket automotive parts, and sells diagnostic equipment for alternators and starters with applications in ICE and electric vehicles. In the aftermarket car parts segment, Motorcar Parts of America's ("MPA") largest product types are rotating Recommended For You Recommended For You About MPAA S
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MPAA
News
- Motorcar Parts of America (NASDAQ:MPAA shareholders incur further losses as stock declines 12% this week, taking three-year losses to 68% [Yahoo! Finance]Yahoo! Finance
- Insider Stock Buying Reaches US$784.2k On Motorcar Parts of America [Yahoo! Finance]Yahoo! Finance
- PLCE and DLA among Consumer Discretionary movers [Seeking Alpha]Seeking Alpha
- Motorcar Parts of America Introduces Additional Quality-Built Brake-Related Product Part Numbers to Catalog [Yahoo! Finance]Yahoo! Finance
- Motorcar Parts of America Introduces Additional Quality-Built Brake-Related Product Part Numbers to CatalogBusiness Wire
MPAA
Earnings
- 2/9/24 - Miss
MPAA
Sec Filings
- 4/24/24 - Form SD
- 3/26/24 - Form 4
- 3/5/24 - Form 4
- MPAA's page on the SEC website