Industry Overview - The average age of U.S. vehicles reached a record 12.4 years in 2024, marking a two-month increase from 2023 and the seventh consecutive year of rising vehicle age [1] - The aging vehicle population is driving increased demand for repairs and maintenance, creating opportunities for companies in the aftermarket and vehicle service industries [2] Factors Driving Vehicle Longevity - Advancements in technology have improved vehicle quality, allowing cars to last longer [3] - The high cost of new vehicles, with an average selling price exceeding $45,000, is causing consumers to delay new purchases and extend the lifespan of their current vehicles [4] - Uncertainty regarding the future of electric vehicles (EVs) is leading consumers to hold onto their existing cars longer [4] Key Insights from S&P Global Mobility Report - Over 110 million vehicles, nearly 38% of the fleet, are entering the prime range for aftermarket service (6-14 years old), expected to grow to 40% by 2028 [5] - The U.S. vehicle fleet reached 286 million vehicles in operation, a 2 million increase from 2023, with a notable shift in age distribution [6] - Vehicles aged 6-14 years and older will account for about 70% of the fleet over the next five years, boosting aftermarket service opportunities [7] Company Analysis Rush Enterprises - A leading provider of solutions to the commercial vehicle industry, Rush Enterprises has over 150 locations and experienced healthy growth in aftermarket demand [8] - The company has increased its payout seven times in the last five years, with an average annualized growth rate of 30.4% [8] - Rush Enterprises holds a Zacks Rank 1 (Strong Buy) with positive EPS estimate revisions [9] Dorman Products - Dorman is a key player in the motor vehicle aftermarket, focusing on replacement and upgrade parts, with a strong balance sheet and manageable debt-to-capitalization ratio of 29% [10] - The company is witnessing northbound estimate revisions for sales and EPS, indicating growth potential [11] Genuine Parts - Genuine Parts has strengthened its position through acquisitions and efforts to improve supply chain efficiency, with a dividend increase representing its 68th consecutive annual increase [12] - The company is also experiencing positive estimate revisions for sales and EPS, indicating growth prospects [13]

COLMAR, Pa., May 15, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing today the release of hundreds of new aftermarket automotive components and assemblies. The new products add to an expansive catalog of more than 120,000 SKUs, a depth and diversity of coverage offering millions of new sales and repair opportunities for customers throughout North America. Noteworthy among the hundreds of releases are ten Dorman® OE FIX™ innovations, adding to this flagship line of parts designed t ...

David Hession - CFO Kevin Olsen - CEO Dorman Products, Inc. (NASDAQ:DORM) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Conference Call Participants Operator I'd now like to turn the conference over to David Hession, Dorman's Chief Financial Officer. Thank you, sir. Please go ahead. Thank you. Good morning and welcome to Dorman's first quarter 2024 earnings conference call. I'm joined today by Kevin Olsen, our Chief Executive Officer. First, Kevin will provide a business update. Then I will review ...

Exhibit 99.1 Dorman Products, Inc. Reports First Quarter 2024 Results Highlights (All comparisons are to the prior year period unless otherwise noted): COLMAR, PA (May 7, 2024) – Dorman Products, Inc. (the "Company" or "Dorman") (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced its financial results for the first quarter ended March 30, 2024. Kevin Olsen, Dorman's President and Chief Executive Officer, stated, "We're pleased with our first quarter results and the ...

COLMAR, Pa., April 16, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the "Company" or "Dorman") (NASDAQ:DORM) today announced the Company will report its financial results for the first quarter ended March 30, 2024 before the opening of the Nasdaq Stock Market on May 7, 2024. The Company also announced that it is scheduled to conduct a conference call and webcast of its first quarter 2024 financial results on May 7, 2024 at 8 a.m. ET. The conference call can be accessed by dialing (888) 440-4182 within th ...

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Dorman Products (DORM) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Dorman Products is one of 111 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measur ...

COLMAR, Pa., March 12, 2024 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (NASDAQ:DORM) is announcing a strong finish to the first quarter of 2024, releasing hundreds of new products in March. More than half of the new releases are aftermarket firsts and dozens more are innovative repair solutions designed to save time or money. Underscoring Dorman's status as the leading brand for technicians and dedicated DIYers, this month's list adds to an unrivaled catalog of 122,000 SKUs. That depth and diversity of cover ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

Dorman Products (DORM) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since ...

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Dorman Products (DORM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.Dorman Products is one of 111 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #11 within the Zacks Sector Rank. The Zac ...