Motorcar Parts of America
MPAA on Nasdaq. Motorcar Parts of America sells replacement car parts and testing equipment to repair shops and drivers. Market value $201m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to March 2026.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-3.05 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 57 of 100. Price score: 16 of 100. Our list needs 70 on quality and 60 on price.
$10.68 a share, 15% above its 1-year low
Over the past year the price has ranged from $9.29 to $18.12.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $6 million in the past 12 months, $15 million in the year to March 2026.
| Revenue | |||||
| Revenue | $650m | $683m | $718m | $757m | $790m |
| Operating margin | |||||
| Operating margin | 4.4% | 5.3% | 6.4% | 5.3% | 8.3% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive2 of 4 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)6 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsSlow, 7.9% a year
- Buying back its own sharesYes, 3% fewer since 2022
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $168 million last quarter, down 11% on a year ago.
- A loss of $13 million, after a profit of $3 million a year ago.
- It keeps 6 cents of each $1 of sales as operating profit, down from 9 cents a year earlier.
- Over the past 12 months it spent $6 million more cash than it brought in. A year earlier it had $71 million spare.
- 5% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in 2 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $208m |
| December 2024 | $186m |
| March 2025 | $193m |
| June 2025 | $188m |
| September 2025 | $221m |
| December 2025 | $168m |
| March 2026 | $212m |
| June 2026 | $168m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$3m |
| December 2024 | $2m |
| March 2025 | -$722,000 |
| June 2025 | $3m |
| September 2025 | -$2m |
| December 2025 | $2m |
| March 2026 | $10m |
| June 2026 | -$13m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 8 June 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
2 long-term investors we follow own it, down from 3 last quarter. 108 funds in all.
- Donald Smith & Co.Jon Hartsel
- Value
- $19m
- Share of fund
- 0.3%
- LSV Asset ManagementJosef Lakonishok
- Value
- $141,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Donald Smith & Co.Jon Hartsel | $19m | 0.3% | |
| LSV Asset ManagementJosef Lakonishok | $141,000 | <0.1% |
Sold out this quarter
Largest holders overall
- Private Capital Management$36mAdded
- 325 Capital$31m
- Donald Smith & Co.$19m
- Dimensional Fund Advisors LP$18mAdded
- BlackRock$16mAdded
- Pacific Ridge Capital Partners$12m
- Vanguard Capital Management$11mCut
- American Century Companies$10mAdded
- JPMorgan Chase$7mCut
- Morgan Stanley$7mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Donald Smith & Co.Passive investorat least 6.5%−0.1 pts(filed with 2 related holders)Since 30 June 2026
- Dimensional Fund Advisors LPPassive investor6.2%+1.2 ptsSince 30 June 2026
- BlackRock, Inc.Passive investor5.2%−1.0 ptsSince 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 31 December 2025
- Pacific Ridge Capital Partners, LLCPassive investorSold down below 5%Since 31 December 2025
- Tieton Capital Management, LLCPassive investorSold down below 5%Since 31 March 2025
- Azarias Capital Management, L.P.Passive investorSold down below 5%Since 31 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
Donald Smith & Co. Passive investor | at least 6.5%−0.1 pts (filed with 2 related holders) | 30 June 2026 | |
Dimensional Fund Advisors LP Passive investor | 6.2%+1.2 pts | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.2%−1.0 pts | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 31 December 2025 | |
Pacific Ridge Capital Partners, LLC Passive investor | Sold down below 5% | 31 December 2025 | |
Tieton Capital Management, LLC Passive investor | Sold down below 5% | 31 March 2025 | |
Azarias Capital Management, L.P. Passive investor | Sold down below 5% | 31 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $9,670 of shares on the open market. 1 sold $211,473.
- Cook Jamie LeighSVP, Sales, Merch. & Mktg.Sold
- Date
- 23 June 2026
- Shares
- 14,074
- Price
- $15.03
- Value
- $211,473
- Bryan DavidDirectorBought
- Date
- 12 February 2026
- Shares
- 1,000
- Price
- $9.67
- Value
- $9,670
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 23 June 2026 | Cook Jamie Leigh SVP, Sales, Merch. & Mktg. | Sold | 14,074 | $15.03 | $211,473 |
| 12 February 2026 | Bryan David Director | Bought | 1,000 | $9.67 | $9,670 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 8 Jun 2026, plus the 10-Q filed 10 Aug 2026 and 3 later 8-Ks.
One big customer
Worth knowingOne customer brings in a big share of sales: 42% last year. Losing that customer would hurt.
“Sales to our three largest customers in the aggregate represented 85%, 86%, and 83%, and sales to our largest customer, represented 42%, 39%, and 35% of our net sales during fiscal 2026, 2025 and 2024, respectively.”
From the 10-K filed 8 June 2026, Item 1. Business. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.