24/7 Market News Snapshot 10 February, 2025 – Motorcar Parts of America, Inc. (NASDAQ:MPAA)

February 10, 2025

DENVER, Colo., 10 February, 2025 (247marketnews.com) – (NASDAQ:MPAA) are discussed in this article.
Motorcar Parts of America, Inc. (MPAA) is currently experiencing notable market activity, opening the trading session at $7.67 but declining to about $6.28, reflecting a substantial drop of approximately 9.27%. The previous session ended at $5.75, signaling increased volatility in the stock. With a trading volume of 542.80K, there is heightened interest in the stock, potentially influenced by external factors or recent news developments. Analysts are closely observing support levels near $5.75 and resistance around $7.00, as the current bearish sentiment suggests caution before undertaking further investment actions.

In contrast to the market fluctuations, Motorcar Parts of America recently reported robust financial results for the third quarter of fiscal 2025, showcasing a marked recovery and growth trajectory. The company achieved record net sales of $186.2 million, an 8.3% year-over-year increase, while gross profit surged by 49.4% to $44.9 million, enhancing the gross margin to 24.1%. This remarkable turnaround is underscored by a net income of $2.3 million, compared to a loss of $47.2 million in the same quarter last year.

Chairman and CEO Selwyn Joffe highlighted the company’s strategies aimed at amplifying profitability, asserting confidence in its leadership role within the non-discretionary aftermarket parts market. For the nine-month period ending December 31, 2024, net sales reached $564.2 million, a 6.8% increase from the previous year, with gross profit climbing 18.0% to $115.3 million.

As Motorcar Parts of America pursues its strategic initiatives, the focus remains on enhancing financial performance and shareholder value, reinforcing its position in the automotive aftermarket industry while navigating the complexities of the current market environment.

Related news for (MPAA)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.