Motorcar Parts of America Surprises with Q1 Earnings Beat, Analysts Lift Estimates

Motorcar Parts of America reported a surprise profit, with revenues of $188m, beating expectations by 9.5%. The company's share price jumped 29% to $14.58. Analysts lifted their estimates, with forecasts expecting revenues of $820m in 2026, a 5.7% increase from last year, and per-share earnings of $0.52, a 507% increase. The analyst raised their price target 13% to $18.00 per share.