MPAA | Motorcar Parts of America | Profile | Summary
GM could announce an IPO this week, automobile industry hasn't seen a resurgence like this in years, Car companies are actually making money, we know that sounds incredible comparing to just a year ago when Two of the Big Three were in Bankruptcy proceedings.
MPAA, Motorcar Parts of America, is in a sweet spot, rising revenues, solid distribution network helping it gain market share. This Re-Manufacturer for Imports and Domestic vehicles, in addition to light and heavy duty trucks, is poised to become one of the major suppliers of OE replacement and warranty parts for major brands.
MPAA is trading not far from its 52WK highs, members should keep this stock on their list.
category: Automotive stocks, transportation, Big Three
Disclosure: NO position