MPAA Acquires Centric Parts Brake Brands Out of First Brands Bankruptcy. Reiterate OW, $20 PT.

Research evidence excerpt

MPAA Acquires Centric Parts Brake Brands Out of First Brands Bankruptcy. Reiterate OW, $20 PT.

Clean Tech

Motorcar Parts of America, Inc. (MPAA)

EQUITY RESEARCH Quick Take

June 30, 2026

MPAA Acquires Centric Parts Brake Brands Out of First Price: $15.19

Price Target: $20.00 Brands Bankruptcy. Reiterate OW, $20 PT.

Rating: Overweight Takeaways

Key Statistics: This morning (6/30), MPAA announced it has acquired the intellectual and

Symbol NSQ: MPAA digital property tied to the Centric Parts brake brands from First Brands

52-Week Range 9.29 - 18.12 Group (private) through its Chapter 11 bankruptcy process. Per industry Market Cap 287.5

ADV (3 mo) 95,825 reports cited by the company, the Centric brake business had estimated

Shares Out (M) 18.9 gross sales as high as $400 million at the supplier level. We view this as

another positive development supporting our braking vertical thesis. We

Research Analysts: are not updating our estimates today given the undisclosed terms, but see

Derek Soderberg the deal as additive to the medium-term braking margin and market-share

212-359-8721 story. We reiterate our Overweight rating and $20 price target.

Derek.Soderberg@cantor.com

Drew Nordquist MPAA buys the Centric Parts brake brands through the First Brands

469-250-2315 bankruptcy. MPAA acquired the intellectual and digital property tied Drew.Nordquist@cantor.com

to the Centric Parts brake brands from First Brands Group through its

One-Year Price History Chapter 11 process. The deal was structured without assuming operational

liabilities, and certain assets transferred free and clear of liens, claims

18 and encumbrances. The acquired brands include Centric Parts, Posi

14 Quiet, StopTech, C-TEK and GCX, along with the associated catalogues,