Dorman Products (DORM) Is Up 11.21% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Dorman Products (DORM) - Dorman Products currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - DORM shares have increased by 11.21% over the past week, while the Zacks Automotive - Replacement Parts industry has declined by 1.21% during the same period [5] - Over the past month, DORM's price change is 20.68%, significantly outperforming the industry's 0.18% [5] - In the last quarter, DORM shares rose by 23.99%, and over the past year, they have gained 99.93%, compared to the S&P 500's increases of 15.2% and 38.09%, respectively [6] Trading Volume - DORM's average 20-day trading volume is 181,714 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, three earnings estimates for DORM have been revised upwards, increasing the consensus estimate from $6.15 to$6.90 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Dorman Products is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a compelling investment option [9]