Motorcar Parts of America (MPAA) Announces Share Buyback
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Motorcar Parts of America Adopts 10b5-1 Share Repurchase Plan
March 27, 2025 8:30 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today 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 $37 million authorized program, with $16.2 million available as of December 31, 2024.
As disclosed in the companys 10-Q filing for its fiscal third quarter ended December 31, 2024, the company repurchased 268,130 shares for $2.1 million at an average share price of $7.82 during the open trading window.
The adoption of a 10b5-1 plan allows... More
