Motorcar Parts Shares Head for Key Test After Uneventful Rebound
Motorcar Parts of America Inc. ticked up over the holiday-shortened week, giving shares some traction ahead of CEO Selwyn Joffe’s upcoming appearance at Oppenheimer’s virtual consumer conference. The company said Thursday that Joffe will join a fireside chat June 9 at 11:15 a.m. Eastern. Timing is key here. Motorcar Parts, which sells aftermarket automotive parts, wants investors to see its weak fiscal third quarter as the result of a short-term slowdown from one big customer. The company says the problem isn’t a sign of broader demand trouble.