Dorman Products (DORM) is a Great Momentum Stock: Should You Buy?

Company Overview - Dorman Products (DORM) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance [4] Price Performance - DORM shares have increased by 1.16% over the past week, while the Zacks Automotive - Replacement Parts industry has declined by 1.14% during the same period [6] - Over the last month, DORM's price change is 5.02%, outperforming the industry's 4.05% [6] - In the last quarter, DORM shares have risen by 34.36%, and over the past year, they have gained 46.38%, compared to the S&P 500's increases of 9.68% and 20%, respectively [7] Trading Volume - DORM's average 20-day trading volume is 178,574 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for DORM have been revised upwards, increasing the consensus estimate from $7.85 to $8.75 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10] Conclusion - Considering the positive price performance, trading volume, and earnings outlook, DORM is positioned as a strong momentum stock with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]