Business
Motorcar Parts of America Added to Russell Index
LOS ANGELES, June 30, 2025--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has been added as a member of the broad-market Russell 3000® index, effective today at the open of market, as part of the 2025 Russell indexes reconstitution.
About this update from Motorcar Parts Of America, Inc.
[{"type":"text","content":"LOS ANGELES, June 30, 2025--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has been added as a member of the broad-market Russell 3000® index, effective today at the open of market, as part of the 2025 Russell indexes reconstitution.","length":268,"tagName":"p"},{"type":"text","content":"The reconstitution of the Russell U.S. indexes captures the 4,000 largest U.S. stocks as of April 30, ranking them by total market capitalization. It was final after the close of the U.S. equity markets on Friday, June 27. Membership in the Russell 3000® Index means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.","length":552,"tagName":"p"},{"type":"text","content":""Inclusion in the Russell 3000® Index highlights the company’s ongoing commitment to enhancing shareholder value. We look forward to continued success as we further capitalize on our leadership position within the non-discretionary automotive aftermarket business," said Selwyn Joffe, chairman, president and chief executive officer.","length":343,"tagName":"p"},{"type":"text","content":"About FTSE Russell","length":18,"tagName":"p"},{"type":"text","content":"FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.","length":414,"tagName":"p"},{"type":"text","content":"Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on...