BISON CAPITAL PARTNERS VI, L.P.

Director Bison Capital Partners VI acquired 50,000 shares of MPAA at $6.86; part of cluster with 2 other insider buys in 14 days.

Bison Capital Partners VI, a director of Motorcar Parts of America, purchased 50,000 shares ($343.0K) on 2024-11-14 at $6.86, increasing holdings by 18.5% to 320.3K shares. This acquisition is notable because two other insiders also bought within the past 14 days, forming a cluster buy pattern. Across this insider's same-ticker history at MPAA, 3 of 4 prior measurable buys proved well-timed at the 90-day mark, with cumulative 90-day returns of +7.0%, -5.6%, and +13.5%. However, the company's fundamentals remain challenged: it generated $208.2M in revenue but posted a net loss of $-3.0M in the latest quarter and remains unprofitable on a full-year basis, despite +5.1% annual revenue growth. The stock is currently -34.7% from its 52-week high, though up +9.7% over the past 30 days, but the insider's purchase price of $6.86 sits below the current market price of $6.65, creating near-term underwater positioning relative to the buy.

Director BISON CAPITAL PARTNERS VI, L.P. bought 20,300 shares of MPAA at $5.73 on 2024-06-17; cluster of 5 other insiders also buying within past 14 days

BISON CAPITAL PARTNERS VI, L.P. purchased 20,300 shares at $5.73, raising holdings to 270,300 shares (+8.1% from prior position). This transaction is part of a broader cluster pattern: 5 other insiders also acquired shares within the past 14 days, suggesting coordinated or independently aligned conviction at current price levels. At the same-ticker level, the insider's 3 prior measurable buys at MPAA (all in September 2023) showed 90-day positive returns ranging from +9.6% to +13.5%, establishing a timing pattern of well-timed accumulation at this company. However, the company is currently unprofitable with net income of $-47.2M against quarterly revenue of $171.9M, and the stock is trading -35.4% below its 52-week high despite a strong 30-day rebound (+32.9%). The cluster buying activity at a materially depressed valuation, combined with the insider's demonstrated ability to time subsequent 90-day rallies at this ticker, warrants tracking whether this accumulation precedes fundamental stabilization or further deterioration.

Bison Capital Partners VI purchases 150.0K shares at $5.83 blended avg; director holdings triple to 250.0K amid unprofitable quarter

Bison Capital Partners VI, a Director, executed 2 separate purchases totaling 150,000 shares for $874,000.00 between June 13 and June 14, 2024, increasing holdings by 150.0% to 250.0K shares. The timing is notable: the stock trades at $6.09 currently, -40.2% from its 52-week high of $10.18, and the insider's prior 4 completed trades at MPAA all posted positive 90-day returns. However, this purchase arrives during material headwinds: the company reported a latest-quarter net income of $-47.2M against revenue of $171.9M, and full-year net income was negative. A cluster pattern of 5 other insiders buying within 14 days suggests coordinated confidence, yet the company's profitability remains impaired despite +5.1% annual revenue growth. The combination of significant scale-up by a director, consistent prior trade timing at this ticker, and concentrated unprofitable fundamentals warrants careful monitoring of whether operational turnaround materializes.