Bet_Noire
Automobiles and Parts Account for the Lion's Share of the US Economy, and Motorcar Parts of America (NASDAQ:MPAA) Is Bracing for the Industry Tailwind
Not only are cars and parts driving up spending on goods, but they're also among the
Motorcar Parts of America Prepares For A Recovery
Summary
- Motorcar Parts of America braces itself for tailwinds in the auto and parts industry. The industry is currently driving the expansion of the US economy.
- Before market open on Thursday, February 9, the U.S. auto parts maker released financial results for the third quarter of fiscal 2023, which ended December 30, 2022.
- Temporary headwinds are hurting sales and profit margins, but these are expected to weaken going forward. In fact, the company already anticipated a strong finish to fiscal 2023.
- Based on the likely direction of macroeconomic conditions, analysts at Motorcar Parts of America have expressed reasonable expectations.
- The stock deserves a Buy rating, but investors may also want to wait for the current downtrend to run out to take advantage of cheaper entry points.
Alberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whether they are dividend investors or interested in a value proposition or growth opportunity.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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