---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-036287"
form_type: "8-K"
ticker: "MPAA"
cik: "0000918251"
company_name: "MOTORCAR PARTS OF AMERICA INC"
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:31:36.982643+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Motorcar Parts posts Q1 net loss $18.1M vs $1.4M loss prior year; sales up 6.4% to record $169.9M

## Summary
- Net loss $18.1M vs $1.4M loss a year ago; non-cash FX loss of $11.1M and $2.9M severance expenses.
- Net sales record $169.9M (+6.4% YoY); gross profit $29.2M (+9.8%); gross margin 17.2% (up from 16.6%).
- Cost-reduction initiatives expected to provide ~$7M in annualized savings; full-year outlook on track.
- Two new directors nominated for election at Sep 5, 2024 annual meeting; board refreshment commitment.

## SEC filing metadata
- accession: 0001140361-24-036287
- form_type: 8-K
- ticker: MPAA
- cik: 0000918251
- company_name: MOTORCAR PARTS OF AMERICA INC
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/918251/000114036124036287/0001140361-24-036287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918251/000114036124036287/ef20033577_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-036287
- JSON: https://secwatch.observer/filing/0001140361-24-036287.json
- Plain text: https://secwatch.observer/filing/0001140361-24-036287.txt

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