MOTORCAR PARTS OF AMERICA INC (MPAA) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 28, 2026
MOTORCAR PARTS OF AMERICA INC (MPAA)
A forensic read on MOTORCAR PARTS OF AMERICA INC built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
2.1
Altman Z-score
Clean
Earnings quality
5
Forensic signals
23.7
P / E (ttm)
4.8%
ROE
$294M
Market cap
MOTORCAR PARTS OF AMERICA INC earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 2.1, placing it in the Grey zone. 5 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
52d DSOReceivables vs revenue.Days sales outstanding moved from 44 to 52 days FY2025→FY2026 (receivables +24% vs revenue +4%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
+1.1%/yrShare-count dilution.Diluted share count changed +3% over the last 3 years to FY2026 (+1.1%/yr). The count is GROWING — existing holders are being diluted. That's ~1.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~3%.
1% of revStock-based comp load.Stock-based compensation ran 1% of revenue and 36% of free cash flow in FY2026 — about $0.28 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
221dInventory days.Days inventory outstanding moved from 206 to 221 FY2025→FY2026 (against cost of goods sold; inventory +12% vs +4% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
7%Return on invested capital.Return on invested capital is 7% and rising from 5% — around its ~9% cost of capital, so growth is roughly value-neutral — watch the trend.
Key fundamentals
Net Margin1.6%
Debt / Equity0.06x
Free Cash Flow$15.5M
Latest Revenue$789.8M
Return on Equity4.7%
Revenue Growth YoY+4.3%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on MOTORCAR PARTS OF AMERICA INC:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about MPAA's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown