Overview
Motorcar fiscal Q1 sales rise 10.9%, beating analyst expectations
EPS for fiscal Q1 misses analyst estimates
Co repurchased 197,796 shares, reducing net bank debt by $7 mln
Outlook
Company raises fiscal 2026 sales guidance to $800 mln-$820 mln
Motorcar Parts reaffirms operating income guidance at $86 mln-$91 mln
Company expects 5.6%-8.3% sales growth year-over-year
Motorcar Parts sees 4.3%-10.4% operating income growth year-over-year
Result Drivers
INDUSTRY DYNAMICS - Increasing number of vehicles on the road and aging car parc driving automotive aftermarket, per CEO Selwyn Joffe
SUPPLY CHAIN EFFICIENCIES - Co focused on enhancing supply chain and operating efficiencies to capitalize on market position
TARIFF MITIGATION - Efforts to reduce reliance on Chinese suppliers and offset tariff costs contributing to operational strategy
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$188.40 mln
$172 mln (1 Analyst)
Q1 EPS
Miss
$0.15
$0.18 (1 Analyst)
Q1 Net Income
$33.90 mln
Q1 Gross Profit
$33.90 mln
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Motorcar Parts of America Inc is $16.00, about 29.5% above its August 8 closing price of $11.28
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nBw7g1RlBa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)