{"id":917232,"date":"2025-12-08T09:03:24","date_gmt":"2025-12-08T14:03:24","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/motorcar-parts-of-america-announces-share-repurchase-program-increase\/"},"modified":"2025-12-08T09:03:24","modified_gmt":"2025-12-08T14:03:24","slug":"motorcar-parts-of-america-announces-share-repurchase-program-increase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/motorcar-parts-of-america-announces-share-repurchase-program-increase\/","title":{"rendered":"Motorcar Parts of America Announces Share Repurchase Program Increase"},"content":{"rendered":"

<\/p>\n

Motorcar Parts of America Announces <\/b>Share Repurchase Program Increase<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–
\nMotorcar Parts of America, Inc. (Nasdaq:MPAA) today announced its board of directors has authorized an increase to $57 million for the company\u2019s share purchase program of outstanding common stock from time to time in the open market and in private transactions at prices deemed appropriate by management.\n<\/p>\n

\nThe company\u2019s previous share repurchase program was limited to $37 million. Motorcar Parts of America currently has approximately 19.6 million shares outstanding.\n<\/p>\n

\n\u201cThis share repurchase program is consistent with management\u2019s commitment to increasing shareholder value — leveraging the company\u2019s financial strength and prominent position within the non-discretionary automotive aftermarket,\u201d said Selwyn Joffe, chairman, president and chief executive officer.\n<\/p>\n

About Motorcar Parts of America, Inc.<\/b><\/p>\n

\nMotorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts — including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, Canada, New York, Mexico, Malaysia, China and India, with administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company\u2019s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train \u2013 providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.motorcarparts.com<\/a>.\n<\/p>\n

The Private Securities Litigation Reform Act of 1995 provides a \u201csafe harbor\u201d for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company\u2019s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company\u2019s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2025 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251208438497\/en\/<\/a><\/span><\/p>\n

\nGary S. Maier
\n
Vice President, Corporate Communications & IR
\n
(310) 972-5124\n<\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Automotive Manufacturing Manufacturing Vehicle Technology Aftermarket Automotive<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Motorcar Parts of America Announces Share Repurchase Program Increase LOS ANGELES–(BUSINESS WIRE)– Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced its board of directors has authorized an increase to $57 million for the company\u2019s share purchase program of outstanding common stock from time to time in the open market and in private transactions at prices deemed appropriate by management. The company\u2019s previous share repurchase program was limited to $37 million. Motorcar Parts of America currently has approximately 19.6 million shares outstanding. \u201cThis share repurchase program is consistent with management\u2019s commitment to increasing shareholder value — leveraging the company\u2019s financial strength and prominent position within the non-discretionary automotive aftermarket,\u201d said Selwyn Joffe, chairman, president and chief executive officer. About Motorcar Parts … <\/p>\n

Continue reading “Motorcar Parts of America Announces Share Repurchase Program Increase”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-917232","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMotorcar Parts of America Announces Share Repurchase Program Increase - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/motorcar-parts-of-america-announces-share-repurchase-program-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Motorcar Parts of America Announces Share Repurchase Program Increase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Motorcar Parts of America Announces Share Repurchase Program Increase LOS ANGELES–(BUSINESS WIRE)– Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced its board of directors has authorized an increase to $57 million for the company\u2019s share purchase program of outstanding common stock from time to time in the open market and in private transactions at prices deemed appropriate by management. The company\u2019s previous share repurchase program was limited to $37 million. Motorcar Parts of America currently has approximately 19.6 million shares outstanding. \u201cThis share repurchase program is consistent with management\u2019s commitment to increasing shareholder value — leveraging the company\u2019s financial strength and prominent position within the non-discretionary automotive aftermarket,\u201d said Selwyn Joffe, chairman, president and chief executive officer. 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