---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-006561"
form_type: "8-K"
ticker: "MPAA"
cik: "0000918251"
company_name: "MOTORCAR PARTS OF AMERICA INC"
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T05:06:27.876332+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Motorcar Parts Q3 net sales up 13% to $171.9M; operating income +170%; net loss $47.2M on $37.5M valuation allowance

## Summary
- Net sales $171.9M (+13.2% YoY); gross margin 17.5% vs 13.8%; operating income $9.5M (+170.1%).
- Net loss $47.2M ($2.40/sh) includes $40.4M non-cash items, primarily $37.5M deferred tax asset valuation allowance (operating metrics unaffected).
- Generated $53.6M cash from operations; reduced net bank debt to $102.8M from $146.5M in nine months.
- Nine-month sales record $528.2M (+8.2%); operating income $33.9M (+166.7%); net loss $50.6M ($2.58/sh).
- Management cites brake-related product momentum and expects improved efficiencies as volume increases.

## SEC filing metadata
- accession: 0001140361-24-006561
- form_type: 8-K
- ticker: MPAA
- cik: 0000918251
- company_name: MOTORCAR PARTS OF AMERICA INC
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918251/000114036124006561/0001140361-24-006561-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918251/000114036124006561/ef20020660_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-006561
- JSON: https://secwatch.observer/filing/0001140361-24-006561.json
- Plain text: https://secwatch.observer/filing/0001140361-24-006561.txt

## Key facts
- Earnings Releases
  MOTORCAR PARTS OF AMERICA INC reported the fiscal quarter ended December 31, 2023 results: revenue $171.9 million, net income net loss for the fiscal 2024 third quarter was $47.2 million, or $2.40 per share, EPS $2.40 per share.
  - Period: the fiscal quarter ended December 31, 2023
  - Revenue: $171.9 million
  - Net income: net loss for the fiscal 2024 third quarter was $47.2 million, or $2.40 per share
  - EPS: $2.40 per share
  - Result: reported results
  source text: a strong increase in net sales, operating income and cash flow from operating activities. Key highlights for the fiscal third quarter. • Net sales increased 13.2 percent to $171.9 million. • Gross margin improved by 3.7 percentage points. • Gross profit increased 43.1 percent to $30.0 million. • Operating income increased 170.1 percent to $9.5 million. • The
  evidence_url: https://www.sec.gov/Archives/edgar/data/918251/000114036124006561/0001140361-24-006561-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.