Motorcar Parts adopts 10b5-1 share repurchase program

Motorcar Parts (MPAA) announced the company has adopted a written trading plan under Rule 10b5-1 of the Securities and Exchange Commission rule to facilitate share repurchases under its current $37M authorized program, with $16.2M available as of December 31, 2024. As disclosed in the company’s 10-Q filing for its fiscal third quarter ended December 31, 2024, the company repurchased 268,130 shares for $2.1M at an average share price of $7.82 during the open trading window. The adoption of a 10b5-1 plan allows Motorcar Parts of America the ability to repurchase shares when it would be ordinarily restricted from purchases due to blackout periods or being in possession of material non-public information.