Tue, Jun. 14, 2:19 PM
- Motorcar Parts of America (MPAA +8.5%) pops over the $30 level for the first time this month after releasing FQ4 results.
- During the company's conference call, management guided for FY17 sales of $420M to $440M vs. $433.2 consensus. An adjusted gross margin rate of between 27.5% to 30.5% is expected.
- MPAA earnings call transcript
- Previously: Motorcar Parts of America misses by $0.04, misses on revenue (June 14)
Tue, Jun. 14, 12:00 PM
Wed, Jan. 20, 3:40 PM
- Auto suppliers Federal-Mogul Holdings (FDML +11.1%), Motorcar Parts of America (MPAA +6.2%), Gentherm (THRM +5%), Meritor (MTOR +4.3%), and Stonebridge (SRI +2.8%) are all showing outsized gains on the day, despite global stock market declines. The sector has been off to a volatile start this year.
- Tire stocks Goodyear Tire & Rubber (GT +2.2%) and Cooper Tire & Rubber (CTB +0.7%) are also in solid shape today.
- Though some forecasts call for automobile sales growth to slow in China and the U.S. this year, strong demand from Europe is making up for some of the slack.
- Previously: European automobile market stays on promising track (Jan. 18 2016)
Nov. 9, 2015, 10:46 AM
- Motorcar Parts of America (MPAA +11.4%) rallies after riding strength in the rotating electrical and wheel hub business to a FQ2 EPS beat.
- Management also struck a confident tone on demand for the second half of the fiscal year.
- Shares of MPAA reached a 52-week high of $38.64 in trading early.
- Previously: Motorcar Parts of America beats by $0.07, misses on revenue (Nov. 09 2015)
May 29, 2015, 10:39 AM
- Automobile industry supplier stocks are tilting lower after WABCO and Modine Manufacturing issued guidance below the expectations of analysts.
- F/X pressure and some uncertainty in the markets in Brazil and China are weighing on the sector.
- Decliners: WABCO (NYSE:WBC) -2.9%, Modine Manufacturing (NYSE:MOD) -2.5%, Meritor (NYSE:MTOR) -2.4%, Motorcar Parts of America (NASDAQ:MPAA) -2.3%, Westport Innovations (NASDAQ:WPRT) -2.0%, Federal-Mogul (NASDAQ:FDML) -1.8%, Stoneridge (NYSE:SRI) -1.3%, Lydall (NYSE:LDL) -1.3%, Cooper-Standard Holdings (NYSE:CPS) -1.2%.
May 13, 2015, 11:06 AM
Jun. 16, 2014, 11:34 AM
Jun. 12, 2014, 9:54 AM
- Motorcar Parts of America (MPAA +5.9%) pops on the open on heavy volume without any news releases out from the company.
- Shares have crested the $25 mark for the first time in the month.
Feb. 10, 2014, 9:11 AM
Nov. 12, 2013, 12:45 PM
Nov. 12, 2013, 9:15 AM
Sep. 23, 2013, 12:47 PM
Sep. 23, 2013, 9:09 AM
Jun. 10, 2013, 2:07 PM
Motorcar Parts of America (MPAA +12.1%) jumps double-digits after saying two of its separately capitalized subsidiaries will file for bankruptcy, resulting in their deconsolidation from MPAA's financial statements. CEO Selwyn Joffe says the company's rotating electrical base business is still strong and should turn in record revenue of $213M when the company reports full year results this month. (PR)| Jun. 10, 2013, 2:07 PM
Jun. 10, 2013, 12:45 PM
Feb. 15, 2013, 8:15 AMMotorcar Parts of America (MPAA): FQ3 EPS of $0.06 may not be comparable to consensus of by -$0.06. Revenue of $116.3M (+38% Y/Y). Shares +2.8% premarket. (PR) | Feb. 15, 2013, 8:15 AM