Motorcar Parts takes old alternators and starters and remanufactures them for the "do-it-yourself" auto repair market. The key underlying driver of revenue growth is an aging auto fleet, as new car sales have trailed the scappage rate for several years now. Tack-on acquisitions have served the firm well, and MPAA has also improved their cost structure by moving operations to Mexico and Malaysia. One of the best operated small auto parts businesses you will find.
TTM year-over-year Revenue Growth: 24%
TeleNav offers its GPS Navigator voice-guided navigation software for mobile phones and other general-purpose computing devices. Contracts with Sprint and AT&T comprise the bulk of its business. This is a tough one, as there is a plethora of competition, much of it free, such as Android's built-in navigation app. However, TeleNav could make a nice acquisition candidate for one of the mobile OS providers looking for a quality navigation offering to add to or improve upon existing offerings.
TTM year-over-year Revenue Growth: 23% (not including yesterday's quarter)
DG provides digital delivery of traditional television and radio spots, as opposed to traditional physical "dub and ship" methods. The transition alone is attractive enough, as both television and radio move to digital distribution technologies. DG has also entered the online video ad creation/distribution business and integrated it with its TV offerings, creating a way to distribute video ads between the two mediums. There are a lot of underlying growth trends at play here.
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