10-K · June 8, 2026
Motorcar Parts of America, Inc. demonstrated strong financial performance in fiscal 2026, achieving a net sales increase of 4.3% to a record $789.8 million, and a significant turnaround with net income of $12.4 million…
Earnings analysis · 10-Q
MPAA earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
Motorcar Parts of America reported fiscal 2027 first-quarter revenue of $168.021 million and EPS of negative $0.34, missing consensus revenue of $183.236 million and EPS of $0.17. The filing does not provide sufficient…
Read full summary
Motorcar Parts of America reported fiscal 2027 first-quarter revenue of $168.021 million and EPS of negative $0.34, missing consensus revenue of $183.236 million and EPS of $0.17. The filing does not provide sufficient current-period data to quantify gross margin, operating margin, free cash flow, balance-sheet changes, or segment revenue. Management nevertheless reaffirmed fiscal 2027 sales guidance of $780 million-$800 million and operating income guidance of $86 million-$91 million, while the company remains subject to a $24.325 million fiscal-year limit on dividends and repurchases.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.34
What stood out
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Revenue and EPS missed estimates
Fiscal 2027 first-quarter revenue was $168.021 million, below the $183.236 million consensus estimate, while reported EPS was negative $0.34 versus the $0.17 estimate.
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Full-year outlook reaffirmed
Management reaffirmed fiscal 2027 net sales guidance of $780 million-$800 million and operating income guidance of $86 million-$91 million.
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Shareholder-return capacity remains
The Credit Facility permits up to $24.325 million of dividends and share repurchases during fiscal 2027, subject to pro forma compliance with amended covenants.
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Repurchase program remains active
The company repurchased 129,523 shares in June at an average price of $14.89, with $20.143 million remaining under the authorized repurchase program as of June 30, 2026.
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Disclosure controls effective
Management concluded that disclosure controls and procedures were effective as of June 30, 2026.
What to watch
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Material quarterly earnings miss
Revenue of $168.021 million was $15.215 million below consensus of $183.236 million, and EPS was negative $0.34 versus the $0.17 estimate, highlighting execution and demand-timing risk.
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Covenant-constrained capital returns
The company has only $20.143 million remaining under its repurchase authorization, while the Credit Facility limits fiscal 2027 dividends and repurchases to $24.325 million subject to covenant compliance.
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Existing risks remain unchanged
Item 1A states that there were no material changes to the risk factors in the March 31, 2026 Form 10-K; accordingly, the filing reports 0 material risk-factor updates rather than removing existing risks.
Management's outlook
The company reaffirmed fiscal 2027 net sales guidance of $780 million-$800 million and operating income guidance of $86 million-$91 million. Management also expects more than $100 million of additional annualized net sales by fiscal year-end, implying annualized sales above $900 million.
Earlier filings 4
10-Q · February 9, 2026
Motorcar Parts of America, Inc. reported lower net sales and earnings in its Q3 fiscal 2026 results compared to the same period last year, driven largely by reduced orders from a major customer. The company's gross and…
10-Q · November 10, 2025
Motorcar Parts of America, Inc. reported a strong revenue growth of 6.4% year-over-year in Q2 2026, reaching $221.5 million despite a decline in gross margin. The decrease in EPS to -$0.11 reflects ongoing cost…
10-Q · August 11, 2025
Motorcar Parts of America, Inc. reported solid financial results for Q1 2026, with revenue reaching $188.36 million, representing a 10.9% increase compared to $169.89 million in Q1 2025. Gross profit margin improved to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.