Joseph Edwin Ferguson, a director at Motorcar Parts of America Inc. (NASDAQ:MPAA), has increased his stake in the company by purchasing 1,200 shares of common stock. The transaction, which took place on November 29, was executed at a price of $7.08 per share, amounting to a total investment of $8,496. According to InvestingPro data, the stock has shown strong momentum with a 43% gain over the past six months, and analysts are forecasting profitability for the company this year. Following this acquisition, Ferguson now holds a total of 45,608 shares in the company. This move reflects Ferguson's continued confidence in Motorcar Parts of America, a company known for its automotive components and accessories. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.
In other recent news, Motorcar Parts of America reported a record sales figure of $208.2 million in its fiscal Q2 2025 earnings call, marking a 5.9% increase year-over-year. Despite a net loss of $3 million for the quarter, the company managed to reduce its net bank debt and generate $23 million in cash from operating activities. The firm expects to introduce over 800 new part numbers annually and anticipates over $100 million in diagnostic equipment sales within three years. Analysts noted that the company's growth is partly due to its brake-related products, which have become its second-largest category. Despite facing challenges such as a stronger dollar and non-cash foreign exchange losses, Motorcar Parts of America remains focused on improving operating income and gross margins in fiscal 2025. The company also plans to save $7.1 million annually from recent relocations and anticipates improved margins from the introduction of new product lines.
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