Motorcar Parts of America (NASDAQ: MPAA) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “MPAA delivered a FQ3 miss and lowered FY’20 sales guidance. The quarter was impacted by mild weather that resulted in general industry softness and deferral of product orders. We believe the revenue miss represents as a temporary setback as MPAA remains on track to complete its expanded footprint by the end of FQ2’21, including two additional facilities in Mexico. We see the new manufacturing capability supporting sales growth and the expansion of margins. Maintain Buy, PT to $24 from $25PT.”
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About Motorcar Parts of America, Inc.
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer and distributor of automotive aftermarket parts — including alternators, starters, wheel bearing and hub assemblies, brake calipers, brake master cylinders, brake power boosters, rotors, brake pads and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. In addition, the company designs and manufactures test solutions for performance, endurance and production testing of electric motors, inverters, alternators, starters, and belt starter generators for the OE, aerospace and aftermarket. Motorcar Parts of America’s products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in New York, California, Mexico, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia and Canada. Additional information is available at www.MotorCarParts.com.
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