The strong Q4 beat and FY2027 guidance for 7.5%-10.2% revenue growth with expanding operating margins signal a recovery from the prior customer disruption. Watch for the ramp of new business commitments in H2 FY2027 and the potential to exceed $900M annualized sales. The $22.1M remaining buyback authorization provides downside support.
Price Chart
Executive Summary
Motorcar Parts of America reported fiscal Q4 2026 results with net sales of $212.3M (+9.9% YoY) and GAAP diluted EPS of $0.42, swinging from a net loss of $0.04 per share in the prior year. The company issued fiscal 2027 guidance for net sales of $780M-$800M (7.5%-10.2% YoY growth) and operating income of $86M-$91M, with expectations to exceed $900M in annualized sales by year-end. The strong quarter and forward guidance signal a recovery from the prior customer ordering disruption.
Key Financial Metrics
Key Facts
- Q4 net sales $212.3M, +9.9% YoY from $193.1M
- Q4 gross margin expanded to 23.7% from 19.9% YoY
- Q4 GAAP net income $9.7M ($0.42 diluted) vs net loss of $722K ($0.04 loss) YoY
- FY2026 full-year net sales $789.8M, +4.3% YoY
- FY2027 guidance: net sales $780M-$800M (7.5%-10.2% growth), operating income $86M-$91M
- Company expects annualized net sales to exceed $900M by end of FY2027
- Repurchased 286,136 shares for $3.0M in Q4; $22.1M remaining on buyback authorization
- Net bank debt $80.0M at March 31, 2026; generated ~$103.8M operating cash flow over three years
Financial Impact
Q4 net sales increased $19.2M YoY; gross profit up $11.9M; net income swung from -$722K to +$9.7M. FY2027 guidance implies operating income growth of 12.3%-18.8%.
Risk Factors
- Customer concentration risk — one large customer reduced ordering by ~$30M in FY2026
- Tariff exposure — guidance reflects tariffs enacted as of June 8, 2026, but further changes could impact margins
- Execution risk on new business commitments ramping in H2 FY2027
- High leverage with net bank debt of $80.0M and total debt including convertible notes of ~$133.7M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-024365 |
| Document: ef20075282_8k.htm | 0001140361-26-024365 |
| Document: 0001140361-26-024365-index-headers.html | 0001140361-26-024365 |
| Document: 0001140361-26-024365-index.html | 0001140361-26-024365 |
| Document: 0001140361-26-024365.txt | 0001140361-26-024365 |
| 8-K Data (Synthetic) | 0001140361-26-024365 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 8-K | $12.42 $11.71 | ▲ +5.72% | ▲ +4.80% | $10.14 (+18.36%) |
Jul 2, 2026 16w ago | 8-K | $14.67 $13.76 | ▼ −6.20% | ▼ −5.79% | $10.14 (−30.88%) |
Jun 8, 2026 20w ago | 8-K | $14.25 $14.54 | ▲ +2.04% | ▲ +0.40% | $10.14 (−28.84%) |
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