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Are Auto-Tires-Trucks Stocks Lagging Dorman Products (DORM) This Year?
DORMDorman(DORM) ZACKS·2024-11-14 15:45

Group 1 - Dorman Products (DORM) is currently outperforming its peers in the Auto-Tires-Trucks sector, with a year-to-date return of approximately 65.3% compared to the sector average of 6.8% [4] - The Zacks Rank for Dorman Products is 1 (Strong Buy), indicating a positive earnings outlook and strong analyst sentiment, with a 12.3% increase in the full-year earnings estimate over the past three months [3][4] - Dorman Products belongs to the Automotive - Replacement Parts industry, which has an average loss of 17.2% this year, further highlighting DORM's strong performance [6] Group 2 - REE Automotive Ltd. (REE) has also shown strong performance in the Auto-Tires-Trucks sector, with a year-to-date return of 48.3% and a Zacks Rank of 2 (Buy) [5][7] - The Automotive - Original Equipment industry, which includes REE, has experienced a decline of 19.4% this year, contrasting with Dorman Products' positive performance [7]