An investigation on behalf of investors of Motorcar Parts of America, Inc. (NASDAQ: MPAA) shares over potential securities laws violations by Motorcar Parts of America, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Motorcar Parts of America, Inc. (NASDAQ: MPAA) concerning whether a series of statements by Motorcar Parts of America, Inc. (NASDAQ: MPAA regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Torrance, CA based Motorcar Parts of America, Inc. manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. Motorcar Parts of America, Inc. reported that its Total Revenue rose from $421.25 million for the 12 months period that ended on March 31, 2017 to $428.07 million for the 12 months period that ended on March 31, 2018 and that its Net Income declined from $37.57 million to $16.31 million.

On November 9, 2018, Motorcar Parts of America, Inc announced that filing would be delayed for its fiscal second quarter Form 10-Q while it evaluates its accounting policies for new business contracts.

Shares of Motorcar Parts of America, Inc. (NASDAQ: MPAA) declined to as low as $15.06 per share on December 26, 2018.

On January 9, 2019 , NASDAQ: MPAA shares closed at $20.29 per share.