Jamie Leigh Cook, who serves as the Senior Vice President of Sales, Merchandising & Marketing at Motorcar Parts of America Inc. (NASDAQ: MPAA), has fully liquidated her equity position in the company. According to a recent filing submitted to the Securities and Exchange Commission, the transaction was executed on June 23, 2026. The move results in Cook holding zero shares of the company, effectively ending her direct financial stake in the aftermarket auto parts distributor.
The divestment involved the sale of 14,074 shares of common stock. These shares were transacted at a weighted average price of $15.0258. The individual transactions within this block ranged from a low of $14.76 to a high of $15.7599 per share. The aggregate value of the stock disposed of by Cook totaled $211,473. Following the completion of these sales, Cook no longer maintains any direct ownership in Motorcar Parts of America.
This executive exit occurs shortly after Motorcar Parts of America reported strong financial performance for its fiscal fourth quarter of 2026. The company posted net sales of $212.3 million, representing a 9.9% increase. This top-line growth significantly surpassed the FactSet consensus estimate of $176.0 million. Additionally, the company reported earnings per share of $0.42, which exceeded the projected $0.28. The sales increase was partially driven by a major customer resuming orders after a pause related to distribution facility consolidation.
Strategic developments also accompanied the financial results. Motorcar Parts acquired the Centric Parts brake brands from First Brands Group through a Chapter 11 bankruptcy process. This acquisition focused on intellectual and digital property and was completed without the company assuming any operational liabilities. Cantor Fitzgerald reiterated an Overweight rating for the stock, maintaining a $20.00 price target, citing the robust quarterly results. The stock currently trades at $13.79, below the sale price executed by Cook. Valuation models suggest the stock may be undervalued with significant upside potential.