Motorcar Parts of America, Inc.NASDAQ
Tue, Oct. 11, 9:33 AM
- The German Bundesrat has fired a warning shot across the automobile industry that is yet another indication that seismic changes could be coming down the road.
- In a vote intended to pressure the EU, the Bundesrat approved a measure to ban gas and diesel vehicles by 2030. The Bundesrat doesn't set policy across Europe, but is considered influential.
- Naturally, the fact that the push is coming from the home of Mercedes, BMW, and Volkswagen also adds a degree of intrigue to the news and the underlying electrification push out of the trio.
- Wall Street analysts with their 1-year price target mindset haven't weighed in on the development, but there's plenty of discussion on Seeking Alpha about the implications.
- Previously: Germany says nein to internal combustion engines (Oct. 10)
- Related auto parts stocks: ACW, ALSN, ALV, AXL, BWA, CAAS, CPS, DAN, DLPH, DORM, FDML, FENX, GNTX, JCI, LDL, LEA, LKQ, MBLY, MLR, MNRO, MOD, MPAA, MPG, MTOR, PLOW, SMP, SRI, STRT, SUP, STRT, TEN, THRM, TEN, TOWR, UFAB, VC, VOXX, WBC, ZX.
Wed, Aug. 31, 10:26 AM
- U.S. auto sales are expected to show a decline of 2% to 5% for August amid a dialing back of discounting activity, according to the range of forecasts from Kelley Blue Book, Edmunds, J.D. Power, and LMC Automotive. General Motors is poised to report a loss of market share as its plan to cut out fleet sales impacts volume.
- Bloomberg estimates the seasonally adjusted selling rate for the month will be 17.2M, down from 17.9M last month.
- The sales dip isn't necessarily a bottom line drag for the sector due to reduced discounting and the increasing mix of higher-profit SUVs and trucks. But higher profit hasn't lifted automaker stocks this year, with the group having trouble gaining traction and trading with low forward PE multiples (GM 5.5, Ford 6.8, Honda 10.5, Toyota 10.9).
- Auto parts stocks (LEA, TEN, BWA, DAN, MPAA, CPS, DLPH, AXL, TOWR, ACW, FENX, MTOR, THRM, SMP, ALV, MOD, SRI) will be on watch tomorrow when the reports roll in as the sector frequently sees some extra volatility on days U.S. auto sales are disclosed.
- Related stocks: GM, FCAU, F, TM, HMC, OTCPK:NSANY, OTCPK:VLKAY, OTCPK:BMWYY, OTCPK:DDAIF, TSLA, OTCPK:MZDAY, TSLA, OTC:HYMLF, OTCPK:FUJHY, RACE.
Wed, Aug. 10, 12:04 PM
Tue, Aug. 9, 12:46 PM
Tue, Aug. 9, 12:02 PM
Tue, Aug. 9, 10:46 AM
- Motorcar Parts of America (MPAA +16.6%) rallies after a solid Q2 earnings beat.
- Cooper-Standard Holdings (CPS +5.3%) is higher after catching a bullish initiation from Seaport Global Securities at a Buy rating.
- The boutique firm also sets Delphi Automotive (DLPH +0.6%) at Buy.
- Other sector movers on the day include Accuride (ACW +3.6%), American Axle & Manufacturing (AXL +2.1%), Autoliv (ALV +1.4%), and Tower International (TOWR +1.4%).
Tue, Aug. 9, 8:02 AM
Mon, Aug. 8, 5:30 PM
- ACM, AER, AMAG, AMRC, AMSC, ARES, BDSI, BERY, BITA, BR, CECE, CHTR, CNK, COH, CORE, EGRX, ENZY, EVEP, EXC, GLPI, GWPH, HCP, HHS, HPT, HRI, HWCC, INCY, IONS, IPXL, JEC, LABL, LAMR, LGIH, LNCE, LNG, LRN, LXP, MCC, MPAA, MWW, NCLH, NCT, NRG, NXST, NYLD, OCUL, PDCE, PMC, PPL, RDNT, RRGB, RSTI, SATS, SNI, SSH, STE, TDG, TESO, TGH, TLP, TRCO, UNVR, VRTU, VRX, W, WAC, WPRT, WWAV, ZBRA
Tue, Aug. 2, 10:33 AM
- Auto parts stocks after lower after Detroit automakers disappoint with July U.S. sales growth.
- The sector has been on watch since last week when Ford warned on a plateauing of the U.S. automobile market.
- Leading decliners include Lear (LEA -4.7%), Tenneco (TEN -3.8%), BorgWarner (BWA -3.8%), Dana Holding (DAN -3.2%), Motorcar Parts of America (MPAA -3.3%), Cooper-Standard Holdings (CPS -2.9%), and Delphi Automotive (DLPH -2.4%).
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
Tue, Jun. 14, 8:03 AM
Tue, Feb. 9, 8:03 AM
- Motorcar Parts of America (NASDAQ:MPAA): FQ3 EPS of $0.52 beats by $0.01.
- Revenue of $94M (+11.9% Y/Y) beats by $1.99M.
Mon, Feb. 8, 5:30 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)