NasdaqGS:DORMAuto Components
Dorman Products (DORM) Stock Rally Leans On Refund Fueled Profit Surge
Dorman Products came into this week as a premium priced auto parts stock, trading on a P/E near 20x and sitting just under an estimated fair value of about US$148. After the earnings release, the market did not hesitate. The stock jumped about 16% in a single session to roughly US$148, effectively pricing in a strong beat on profits.
The headline in this quarter is profit strength. Basic earnings per share reached about US$2.94 in Q2 on revenue of roughly US$544.6m, helped by tariff related...