Motorcar Parts of America Inc MPAA

Consumer DiscretionaryAutomobiles & Auto PartsUnited States of America

Last close 10.31 USD on Nov 1, 2026, −16.5% year to date

Quant rating

Quant rating C Rank 218 of 344 in Consumer Discretionary

Growth A 15 of 344
Valuation D 272 of 344
Quality C 186 of 344
Revisions C 153 of 344
Momentum D 270 of 344

Wall Street consensus Buy (1.67)Average target 18.00 USD +74.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 195M
Enterprise value: 334M
52-week range: 9.34 – 17.99
3-year range: 4.75 – 17.99
Dividend yield: –
Beta (5 years): 1.25
Shares outstanding: 18.9M
Next earnings: Nov 9, 2026

About the company

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts. The Hard Parts segment includes light-duty rotating electric products such as alternators and starters; wheel hub products; brake-related products, including brake calipers, brake boosters, brake rotors, brake pads and brake master cylinders, and turbochargers. The Test Solutions and Diagnostic Equipment segment offers applications for combustion engine vehicles, including bench-top testers for alternators and starters; equipment for the pre- and post-production of electric vehicles, and software emulation of power system applications for the electrification of all forms of transportation. The Heavy Duty segment includes non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and others. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	790	757	718	683	650	–
Revenue growth	4.3%	5.5%	5.1%	5.0%	20.3%	7.9%
EPS (basic, normalized)	1.01	0.28	0.41	0.64	1.96	–
EPS growth	260.7%	−31.7%	−35.9%	−67.3%	–	–
Gross margin	20.5%	20.3%	18.5%	16.7%	18.1%	18.8%
Net margin	1.6%	−2.6%	−6.9%	−0.6%	1.1%	−1.5%
ROE	4.7%	−7.2%	−16.3%	−1.3%	2.4%	−3.5%

Balance sheet, last quarter
Cash & short-term investments (mil)	21.4
Current ratio	1.44x
Long-term debt (mil)	39.8
Net debt (mil)	139
Total equity (mil)	253
Net debt / equity	0.55x
Net debt / EBITDA	1.59x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	790	+4.3%	0.4x	86.9	−4.4%	3.8x	1.01	+260.7%	10.2x
2027	790	0.0%	0.4x	95.0	+9.4%	3.5x	1.67	+64.9%	6.2x
2028	842	+6.7%	0.4x	103	+8.5%	3.2x	1.72	+3.3%	6.0x
2029	890	+5.7%	0.4x	110	+6.7%	3.0x	1.86	+8.1%	5.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	790	−0.6%	−1.3%	−2.4%	1.67	0.0%	−4.3%	+9.2%
2028	842	+1.1%	−2.2%	−1.8%	1.72	0.0%	−9.0%	+52.2%
2029	890	+2.5%	−1.6%	−5.3%	1.86	0.0%	−9.7%	+35.8%

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	189	170	208	186	193	188	221	168	212	168
Sales mean (mil)	199	172	204	180	191	172	208	189	176	183
Surprise	−4.6%	−1.5%	+1.8%	+3.7%	+1.3%	+9.5%	+6.5%	−11.3%	+20.6%	−8.2%
EPS reported	0.12	−0.33	0.31	0.35	0.10	0.13	0.17	0.11	0.60	−0.46
EPS mean	0.16	0.07	0.18	0.43	0.20	0.18	0.38	0.23	0.33	0.20
Surprise	−25.0%	−571.4%	+72.2%	−18.6%	−50.0%	−27.8%	−55.3%	−52.2%	+81.8%	−324.4%

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MPAA Motorcar Parts of America Inc	195M	1.59x	1.6%	0.77x	6.2x	6.0x	3.5x	3.2x
DNZOY DENSO CORPORATION	34.4B	–	5.9%	0.91x	–	–	–	–
ASEKY AISIN CORPORATION	9.6B	–	–	–	–	–	–	–
GNTX Gentex Corporation	4.2B	–	15.0%	1.69x	9.9x	9.3x	6.7x	6.5x
DORM Dorman Products, Inc.	4.0B	0.63x	9.6%	2.57x	15.7x	15.0x	10.2x	11.1x
QS QuantumScape Corporation	2.5B	3.13x	–	2.54x	−6.3x	−6.2x	−6.7x	−7.3x
Mean		1.79x	8.0%	1.69x	6.4x	6.0x	3.4x	3.4x
Median		1.59x	7.7%	1.69x	8.1x	7.7x	5.1x	4.9x

Technical analysis

1M−2.1%
3M−26.9%
1Y−39.2%
3Y+46.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Motorcar Parts of America Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	790	757	718	683	650	541
Cost of revenue	628	604	585	569	532	431
Gross profit	162	154	133	114	118	109
Selling, general & administrative expenses	88.3	83.6	79.7	75.1	80.1	70.7
Research & development	14.2	11.4	10.0	10.3	10.5	8.6
Interest expense (income), operating	−8.4	18.9	−3.3	−7.9	−1.4	−16.5
Unusual expense (income)	2.1	0	0.2	–	–	–
Other operating expenses	0	0	0	0	0	0
Operating income	65.8	39.9	46.0	36.4	28.7	46.6
Net interest income (expense)	−45.6	−55.6	−59.0	−39.6	−15.6	−15.8
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	20.3	−15.7	−13.1	−3.1	13.1	30.9
Provision for taxes	7.9	3.8	36.2	1.1	5.8	9.4
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	12.4	−19.5	−49.2	−4.2	7.4	21.5
Extraordinary items	–	–	–	–	–	–
Net income	12.4	−19.5	−49.2	−4.2	7.4	21.5
EBIT, normalized	59.5	58.8	42.8	30.5	33.4	37.5
EBITDA, normalized	69.3	69.2	54.4	41.5	44.7	47.1
Basic EPS, normalized	1.01	0.28	0.41	0.64	1.96	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Motorcar Parts of America Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	16.7	11.3	15.8	13.6	25.2	17.2
Receivables	152	125	129	147	113	90.5
Total inventory	397	360	397	356	386	303
Prepaid expenses	17.9	15.6	18.2	20.1	13.4	12.3
Other current assets	0	0	0	0	0	0
Total current assets	584	511	560	537	537	423
Property, plant & equipment	93.8	98.6	122	134	133	125
Goodwill	3.2	3.2	3.2	3.2	3.2	3.2
Intangibles	0.2	0.6	1.1	2.1	3.8	5.3
Long-term investments	–	–	–	–	–	–
Note receivable	331	336	320	318	310	270
Other long-term assets	7.0	7.5	4.7	33.7	28.4	20.9
Total assets	1,019	958	1,012	1,029	1,016	848
Liabilities
Accounts payable	167	142	155	119	147	129
Payable/accrued	–	–	–	–	–	–
Accrued expenses	72.2	74.6	76.8	69.1	65.8	61.4
Short-term debt	94.7	90.8	128	145	155	84.0
Current portion of long-term debt	1.3	1.2	1.6	5.5	6.0	6.3
Other current liabilities	64.3	42.5	43.0	43.4	52.1	45.1
Total current liabilities	400	351	404	383	426	326
Long-term debt	35.9	37.2	32.7	43.0	16.4	21.8
Minority interest	–	–	–	–	–	–
Other liabilities	318	312	290	282	258	199
Total liabilities	753	700	727	708	700	547
Shareholders' equity
Preferred stock	0	0	–	0	0	0
Common stock	0.2	0.2	0.2	0.2	0.2	0.2
Additional paid-in capital	227	234	236	232	227	223
Retained earnings (accumulated deficit)	32.4	20.0	39.5	88.7	93.0	85.6
Treasury stock	–	–	–	–	–	–
Other equity	6.7	3.1	9.2	−0.3	−5.1	−7.7
Total equity	266	258	285	320	315	301
Total liabilities & shareholders' equity	1,019	958	1,012	1,029	1,016	848

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Motorcar Parts of America Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	12.4	−19.5	−49.2	−4.2	7.4	21.5
Depreciation, depletion & amortization	9.8	10.4	11.6	12.4	12.9	11.1
Deferred taxes	0.5	−1.8	29.6	−5.2	−7.4	−0.4
Non-cash items	34.3	65.3	44.8	39.8	42.3	15.0
Changes in working capital	−37.9	−9.0	2.4	−64.6	−99.9	9.0
Cash from operations	19.2	45.5	39.2	−21.8	−44.9	56.1
Investing activities
Capital expenditures	−3.7	−4.6	−1.0	−4.2	−7.5	−13.9
Other investing cash flows	0.1	0.1	0.5	0	−0.4	−0.3
Cash from investing	−3.6	−4.5	−0.5	−4.2	−7.9	−14.2
Financing activities
Financing cash flow items	−2.1	−0.9	−4.3	−2.7	−2.9	−2.0
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−8.9	−43.8	−32.2	17.0	63.1	−74.6
Cash from financing	−11.0	−44.7	−36.4	14.3	60.2	−76.6
Foreign exchange effects	0.6	−0.9	0.1	0.2	0.1	0.6
Net change in cash	5.2	−4.5	2.4	−11.4	7.5	−34.1
Free cash flow	15.5	40.9	38.2	−26.0	−52.4	42.1

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.