Jupiter Topco LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,754 shares of the auto parts company’s stock, valued at approximately $1,605,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP acquired a new position in Dorman Products in the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in Dorman Products during the second quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its stake in Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. Miller Capital Partners Inc. acquired a new stake in Dorman Products in the 4th quarter worth about $37,000. Finally, Sankala Group LLC purchased a new stake in Dorman Products in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.
Dorman Products Price Performance Shares of NASDAQ DORM opened at $131.30 on Friday. Dorman Products, Inc. has a twelve month low of $98.44 and a twelve month high of $166.89. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $135.16 and a two-hundred day moving average of $122.69. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 18.19 and a beta of 0.99.
Dorman Products (NASDAQ:DORM – Get Free Report) last issued its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The business had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $582.24 million. During the same period in the previous year, the firm posted $2.06 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year. Insider Transactions at Dorman Products In other news, CAO Gregory Bowen sold 3,531 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the sale, the chief accounting officer owned 5,340 shares of the company’s stock, valued at $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 7.70% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Freedom Capital lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.00.
View Our Latest Report on Dorman Products
(Free Report)
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
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Dorman Products (DORM - Free Report) closed the last trading session at $128.85, gaining 0.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $162.38 indicates a 26% upside potential.
The mean estimate comprises eight short-term price targets with a standard deviation of $5.32. While the lowest estimate of $154.00 indicates a 19.5% increase from the current price level, the most optimistic analyst expects the stock to surge 31.9% to reach $170.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in DORM. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Price, Consensus and EPS Surprise
Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Why DORM Could Witness a Solid UpsideThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The Zacks Consensus Estimate for the current year has increased 5.3% over the past month, as three estimates have gone higher compared to no negative revision.
Moreover, DORM currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Therefore, while the consensus price target may not be a reliable indicator of how much DORM could gain, the direction of price movement it implies does appear to be a good guide.
BlackRock Inc. purchased a new position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,078,727 shares of the auto parts company’s stock, valued at approximately $556,542,000. BlackRock Inc. owned 13.65% of Dorman Products at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Dorman Products by 37.4% during the first quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after purchasing an additional 1,148 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock worth $453,000 after purchasing an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock worth $1,854,000 after purchasing an additional 662 shares in the last quarter. Millennium Management LLC raised its position in shares of Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after purchasing an additional 14,110 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Dorman Products during the 1st quarter valued at $215,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth DORM has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company raised their price target on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Barrington Research reissued an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Freedom Capital cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Roth Capital reissued a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.33.
Read Our Latest Analysis on Dorman Products Dorman Products Stock Down 0.8% Shares of NASDAQ DORM opened at $131.09 on Tuesday. The stock has a market cap of $3.89 billion, a PE ratio of 18.16 and a beta of 0.98. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. Dorman Products, Inc. has a 12-month low of $98.44 and a 12-month high of $166.89. The company has a 50-day moving average of $134.97 and a 200 day moving average of $122.72.
Dorman Products (NASDAQ:DORM – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating the consensus estimate of $1.89 by $1.19. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The firm had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. During the same quarter last year, the firm earned $2.06 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.
Insider Buying and Selling In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of Dorman Products stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.70% of the stock is owned by company insiders.
Dorman Products Company Profile (Free Report)
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
Read More Five stocks we like better than Dorman Products Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORM – Free Report).
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American Capital Management Inc. purchased a new position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 284,244 shares of the auto parts company’s stock, valued at approximately $38,785,000. Dorman Products makes up 1.7% of American Capital Management Inc.’s holdings, making the stock its 24th biggest position. American Capital Management Inc. owned approximately 0.96% of Dorman Products as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of Dorman Products during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Dorman Products in the 2nd quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. Miller Capital Partners Inc. bought a new position in shares of Dorman Products during the 4th quarter valued at about $37,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Dorman Products during the fourth quarter valued at about $48,000. 84.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes DORM has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.
Check Out Our Latest Stock Report on DORM Dorman Products Stock Performance Shares of Dorman Products stock opened at $129.40 on Thursday. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. The stock’s fifty day moving average price is $135.20 and its 200-day moving average price is $122.74. The firm has a market cap of $3.84 billion, a P/E ratio of 17.92 and a beta of 0.98. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89.
Dorman Products (NASDAQ:DORM – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $1.19. The company had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. Dorman Products’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, equities research analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.
Insiders Place Their Bets In other news, CAO Gregory C. Bowen sold 3,531 shares of Dorman Products stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.70% of the company’s stock.
Dorman Products Company Profile (Free Report)
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
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Aurora Investment Counsel acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,165 shares of the auto parts company’s stock, valued at approximately $3,161,000. Dorman Products accounts for about 1.6% of Aurora Investment Counsel’s holdings, making the stock its 2nd largest position. Aurora Investment Counsel owned approximately 0.08% of Dorman Products at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its stake in Dorman Products by 3.7% during the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock worth $420,000 after purchasing an additional 97 shares in the last quarter. Corient Private Wealth LLC grew its position in Dorman Products by 2.6% in the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after acquiring an additional 99 shares in the last quarter. Mackenzie Financial Corp grew its position in Dorman Products by 6.4% in the 3rd quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock valued at $271,000 after acquiring an additional 105 shares in the last quarter. Keybank National Association OH increased its stake in Dorman Products by 1.5% during the first quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock worth $741,000 after purchasing an additional 106 shares during the period. Finally, Huntington National Bank increased its stake in Dorman Products by 12.8% during the fourth quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock worth $121,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.
Analyst Upgrades and Downgrades DORM has been the topic of several recent research reports. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Freedom Capital cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Wells Fargo & Company boosted their price target on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Monday, May 4th. Finally, Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $160.33.
View Our Latest Analysis on DORM Insider Transactions at Dorman Products In other news, CAO Gregory C. Bowen sold 3,531 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This represents a 39.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.70% of the stock is owned by company insiders.
Dorman Products Trading Up 1.0% Shares of NASDAQ:DORM opened at $134.12 on Thursday. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89. The company’s 50 day moving average is $134.73 and its two-hundred day moving average is $122.58. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. The company has a market cap of $3.98 billion, a PE ratio of 18.58 and a beta of 0.98.
Dorman Products (NASDAQ:DORM – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The business had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Equities analysts predict that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.
Dorman Products Profile (Free Report)
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
Read More Five stocks we like better than Dorman Products Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORM – Free Report).
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Dorman Products, Inc. (NASDAQ:DORM – Get Free Report) CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, the chief accounting officer owned 5,340 shares of the company’s stock, valued at $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Dorman Products Price Performance Shares of DORM opened at $140.91 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98. The stock has a fifty day moving average of $133.55 and a 200-day moving average of $122.07.
Dorman Products (NASDAQ:DORM – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $1.19. The business had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.Dorman Products’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Dorman Products A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Dorman Products during the 2nd quarter worth about $556,542,000. Dimensional Fund Advisors LP lifted its holdings in Dorman Products by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company’s stock worth $114,725,000 after acquiring an additional 51,653 shares during the period. State Street Corp grew its position in Dorman Products by 0.7% during the fourth quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock valued at $130,792,000 after buying an additional 7,846 shares during the period. Jennison Associates LLC raised its holdings in shares of Dorman Products by 1.5% in the 1st quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company’s stock worth $86,231,000 after purchasing an additional 12,504 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Dorman Products by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock valued at $87,880,000 after buying an additional 26,229 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.
Wall Street Analyst Weigh In A number of research analysts recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company raised their price target on shares of Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Roth Capital reiterated a “buy” rating on shares of Dorman Products in a report on Wednesday. Finally, Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.33.
Check Out Our Latest Stock Analysis on Dorman Products
Dorman Products Company Profile (Get Free Report)
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
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American Axle & Manufacturing (NYSE:DCH – Get Free Report) and Dorman Products (NASDAQ:DORM – Get Free Report) are both consumer discretionary companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, institutional ownership, risk, valuation, analyst recommendations, dividends and earnings.
Profitability This table compares American Axle & Manufacturing and Dorman Products’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets American Axle & Manufacturing -1.87% 13.65% 1.69% Dorman Products 10.18% 19.37% 11.53% Analyst Recommendations This is a breakdown of recent recommendations for American Axle & Manufacturing and Dorman Products, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score American Axle & Manufacturing 1 5 3 0 2.22 Dorman Products 0 2 6 0 2.75 American Axle & Manufacturing currently has a consensus price target of $9.43, suggesting a potential upside of 48.41%. Dorman Products has a consensus price target of $160.33, suggesting a potential upside of 13.78%. Given American Axle & Manufacturing’s higher possible upside, equities research analysts clearly believe American Axle & Manufacturing is more favorable than Dorman Products.
Institutional & Insider Ownership 91.4% of American Axle & Manufacturing shares are owned by institutional investors. Comparatively, 84.7% of Dorman Products shares are owned by institutional investors. 2.1% of American Axle & Manufacturing shares are owned by insiders. Comparatively, 7.7% of Dorman Products shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Volatility and Risk American Axle & Manufacturing has a beta of 1.6, indicating that its share price is 60% more volatile than the S&P 500. Comparatively, Dorman Products has a beta of 0.98, indicating that its share price is 2% less volatile than the S&P 500.
Valuation & Earnings This table compares American Axle & Manufacturing and Dorman Products”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio American Axle & Manufacturing $5.84 billion 0.26 -$19.70 million ($0.76) -8.36 Dorman Products $2.13 billion 1.96 $204.19 million $7.22 19.52 Dorman Products has lower revenue, but higher earnings than American Axle & Manufacturing. American Axle & Manufacturing is trading at a lower price-to-earnings ratio than Dorman Products, indicating that it is currently the more affordable of the two stocks.
Summary Dorman Products beats American Axle & Manufacturing on 10 of the 14 factors compared between the two stocks.
About American Axle & Manufacturing (Get Free Report)
American Axle & Manufacturing Holdings, Inc. is a leading supplier of driveline and drivetrain systems, modules and components for the light vehicle market world wide. It manufactures Driveline and Metal Forming technologies to support electric, hybrid and internal combustion vehicles. It’s the primary supplier of driveline components to its major customers include General Motors, Stellantis and Ford. It also sells various products to Ford & Stellantis from Metal Forming segment. It has the 2 operating segments. Driveline segment comprises front & rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric & hybrid driveline products and systems for light trucks, SUVs, crossover vehicles, passenger cars and commercial vehicles. Metal Forming segment comprises axle & transmission shafts, ring and pinion gears, differential gears & assemblies, connecting rods and variable valve timing products for OEM and Tier 1 automotive suppliers.
About Dorman Products (Get Free Report)
Dorman Products, Inc. supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise. The company also provides air tanks, shock absorbers, and air springs; transmission control modules, variable geometry timing actuators, and other control modules and sensors; new control arms, suspension components, door lock actuators, and handles for electric vehicles; and leaf springs, intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, UTV windshields, and complex electronics modules. It markets its products under the DORMAN, DORMAN OE FIX, HELP!, Conduct-Tite, Dayton Parts, SuperATV, Keller Performance Products, Assault Industries, Gboost, and GDP brands. Dorman Products, Inc. was founded in 1918 and is headquartered in Colmar, Pennsylvania.
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Dorman Products (DORM - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Dorman Products basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Dorman Products imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Dorman ProductsThis distributor of parts to automotive retailers is expected to earn $8.35 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Dorman Products. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Dorman Products to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Dorman Products (NASDAQ:DORM) reported record second-quarter sales, earnings and cash flow for 2026, while lowering its full-year revenue growth outlook to reflect reduced pricing tied to a more stable tariff environment.
Second-quarter net sales rose about 1% from a year earlier to a record $545 million. Adjusted diluted earnings per share increased 50% to a record $3.08, though results included a one-time benefit from refunds of tariffs assessed under the International Emergency Economic Powers Act, or IEEPA.
Chairman, President and Chief Executive Officer Kevin Olsen said the company began targeted price reductions during the quarter as tariff costs declined. Dorman expects the reductions to continue through the second half of the year.
“Our tariff philosophy has always been to treat this as a pass-through cost,” Olsen said during the call. He said the replacement of IEEPA tariffs with Section 301 tariffs created a lower ongoing tariff environment for much of the company’s portfolio, particularly because Section 301 tariffs do not stack on top of Section 232 auto-parts and steel-and-aluminum tariffs in the same way.
Guidance Updated for Pricing Changes Dorman now expects 2026 net sales growth of 3% to 5%, compared with its previous outlook for 7% to 9% growth. Chief Financial Officer Charles Rayfield said the revised forecast reflects first-half performance, including lower volume in certain businesses, as well as pricing reductions expected through the remainder of the year.
The company raised its full-year adjusted diluted EPS outlook to a range of $8.50 to $8.80, from prior guidance of $8.10 to $8.50. The increase primarily reflects an approximately $0.30 benefit related to the recovery of IEEPA tariff costs recognized in the fourth quarter of 2025.
Excluding that benefit, Dorman expects comparable adjusted diluted EPS of $8.20 to $8.50. Rayfield said the midpoint of that range would represent 10% growth over the company’s 2025 comparable base.
For the second half, Dorman expects sales growth in the mid-single-digit range, driven largely by volume from new business wins and product introductions. The company expects Light Duty sales to grow in that range, Heavy Duty sales to grow slightly faster, and Specialty Vehicle sales to grow slightly slower.
Dorman expects full-year adjusted operating margin of approximately 15.5% to 16.5%, compared with its prior outlook of 15% to 16%. Rayfield said gross margin is expected to exit the year at a more normalized rate of about 40% in the fourth quarter.
Tariff Refund Boosted Quarterly Profitability Adjusted gross margin reached 46.1% in the second quarter, up 550 basis points from a year earlier. Excluding the tariff-refund benefit, comparable gross margin was 38%.
Adjusted operating income was $122 million, and adjusted operating margin was 22.3%, up 600 basis points year over year. Excluding the refund benefit, comparable adjusted operating margin was 14.2%, down 210 basis points from the prior-year period, which Rayfield attributed largely to volume deleverage in the Light Duty segment.
The IEEPA tariff refund added about $1.18 to second-quarter adjusted diluted EPS, representing recovery of tariff costs recognized during the fourth quarter of 2025 and the first quarter of 2026. Excluding the refund, comparable adjusted EPS was $1.90 for the quarter.
Operating cash flow totaled $153 million, while free cash flow was $144 million. Excluding the IEEPA refund, Dorman generated approximately $62 million in comparable free cash flow, aided by working-capital improvements.
The company spent $47 million on share repurchases during the quarter, retiring about 398,000 shares at an average price of roughly $118 per share. Dorman had $363 million remaining under its repurchase authorization, which runs through 2027.
Dorman also refinanced its debt during the quarter, expanding its revolving credit facility to $800 million from $600 million and extending its maturity to 2031. The company issued $450 million of senior unsecured notes due in 2034 and used the proceeds to repay a prior term loan. It ended the quarter with approximately $318 million of net debt, $931 million of total liquidity and net leverage of 0.69 times adjusted EBITDA.
Segment Trends Remained Mixed Light Duty sales were flat at $424 million, as lower pricing offset other factors and volume declined against a strong comparison in the prior-year quarter. Olsen noted that Light Duty had posted 10% year-over-year growth in the second quarter of 2025. Point-of-sale dollars among top customers remained up in the mid-single-digit range, he said.
The company continued to see modest pressure in relatively discretionary, do-it-yourself-oriented categories, though Olsen said those products represent a smaller part of Dorman’s portfolio. The larger, predominantly non-discretionary do-it-for-me portion of the business was more stable. Dorman cited the average light-duty vehicle age of 12.9 years and rising vehicle miles traveled as supportive of long-term replacement-part demand.
Heavy Duty sales increased about 7% to $66 million, helped by the full-year effect of prior pricing actions and business wins in certain categories and channels. The segment’s operating margin rose to 4.2%; excluding the refund benefit, comparable margin was 2.3%, up 150 basis points.
Olsen said freight-market conditions remain difficult and Dorman does not expect meaningful growth in trucking mileage or tonnage during 2026. However, the company is pursuing opportunities with original-equipment dealers seeking additional service-center revenue and is expanding its above-frame product offerings.
Specialty Vehicle sales declined 1% to $54 million as softer customer demand was partly offset by pricing initiatives. Excluding the tariff-refund benefit, comparable adjusted operating margin was 17.8%, up 50 basis points year over year. Dorman said higher fuel prices and inflation weighed on consumer demand, while sales of both high-end cab models and lower-priced entry-level vehicles created different accessory and repair opportunities.
Olsen said the company remains focused on product innovation, supplier diversification, automation and productivity initiatives, while its balance sheet provides capacity for investments, acquisitions and additional share repurchases.
About Dorman Products (NASDAQ:DORM) Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Dorman Products, Inc. (DORM) Q2 2026 Earnings Call August 4, 2026 8:00 AM EDT
Company Participants
Alexander Whitelam
Kevin Olsen - Chairman, President & CEO
Charles Rayfield - Senior VP & Chief Financial Officer
Conference Call Participants
Scott Stember - ROTH Capital Partners, LLC, Research Division
Jeffrey Lick - Stephens Inc., Research Division
David Lantz - Wells Fargo Securities, LLC, Research Division
Bret Jordan - Jefferies LLC, Research Division
Tristan Thomas-Martin - BMO Capital Markets Equity Research
Presentation
Operator
Good morning. My name is Nikki, and I will be your conference operator today. At this time, I would like to welcome everyone to the Dorman Products Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]
I will now turn the call over to Alex Whitelam, Vice President of Investor Relations. Please go ahead.
Alexander Whitelam
Thank you. Good morning, everyone. Welcome to Dorman's Second Quarter 2026 Earnings Conference Call. I'm joined by Kevin Olsen, Dorman's Chairman, President and Chief Executive Officer; and Charles Rayfield, Dorman's Chief Financial Officer. Kevin will begin with a high-level overview of the quarter and current business environment, along with our segment level performance and market trends. Charles will walk through our second quarter financial results in more detail, discuss cash flow and capital allocation as well as our updated guidance before turning it back to Kevin for closing remarks. After that, we'll open the call for questions.
By now, everyone should have access to our earnings release and earnings call presentation, which are available on our website at investors.dormanproducts.com. Before we begin, I would like to remind everyone that our prepared remarks, earnings release and investor presentation include forward-looking statements within the meaning of federal securities laws. We advise listeners to review the risk factors and cautionary statements in our most recent 10-Q, 10-K and
Dorman Products Is A Buy For Small-Cap Growth Investors Dorman Products NASDAQ: DORM reported record second-quarter sales, earnings and cash flow for 2026, while lowering its full-year revenue growth outlook to reflect reduced pricing tied to a more stable tariff environment.
Second-quarter net sales rose about 1% from a year earlier to a record $545 million. Adjusted diluted earnings per share increased 50% to a record $3.08, though results included a one-time benefit from refunds of tariffs assessed under the International Emergency Economic Powers Act, or IEEPA.
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It’s Time To Hitch A Ride With Dorman Products StockChairman, President and Chief Executive Officer Kevin Olsen said the company began targeted price reductions during the quarter as tariff costs declined. Dorman expects the reductions to continue through the second half of the year.
“Our tariff philosophy has always been to treat this as a pass-through cost,” Olsen said during the call. He said the replacement of IEEPA tariffs with Section 301 tariffs created a lower ongoing tariff environment for much of the company’s portfolio, particularly because Section 301 tariffs do not stack on top of Section 232 auto-parts and steel-and-aluminum tariffs in the same way.
Guidance Updated for Pricing Changes Dorman now expects 2026 net sales growth of 3% to 5%, compared with its previous outlook for 7% to 9% growth. Chief Financial Officer Charles Rayfield said the revised forecast reflects first-half performance, including lower volume in certain businesses, as well as pricing reductions expected through the remainder of the year.
The company raised its full-year adjusted diluted EPS outlook to a range of $8.50 to $8.80, from prior guidance of $8.10 to $8.50. The increase primarily reflects an approximately $0.30 benefit related to the recovery of IEEPA tariff costs recognized in the fourth quarter of 2025.
Excluding that benefit, Dorman expects comparable adjusted diluted EPS of $8.20 to $8.50. Rayfield said the midpoint of that range would represent 10% growth over the company’s 2025 comparable base.
For the second half, Dorman expects sales growth in the mid-single-digit range, driven largely by volume from new business wins and product introductions. The company expects Light Duty sales to grow in that range, Heavy Duty sales to grow slightly faster, and Specialty Vehicle sales to grow slightly slower.
Dorman expects full-year adjusted operating margin of approximately 15.5% to 16.5%, compared with its prior outlook of 15% to 16%. Rayfield said gross margin is expected to exit the year at a more normalized rate of about 40% in the fourth quarter.
Tariff Refund Boosted Quarterly Profitability Adjusted gross margin reached 46.1% in the second quarter, up 550 basis points from a year earlier. Excluding the tariff-refund benefit, comparable gross margin was 38%.
Adjusted operating income was $122 million, and adjusted operating margin was 22.3%, up 600 basis points year over year. Excluding the refund benefit, comparable adjusted operating margin was 14.2%, down 210 basis points from the prior-year period, which Rayfield attributed largely to volume deleverage in the Light Duty segment.
The IEEPA tariff refund added about $1.18 to second-quarter adjusted diluted EPS, representing recovery of tariff costs recognized during the fourth quarter of 2025 and the first quarter of 2026. Excluding the refund, comparable adjusted EPS was $1.90 for the quarter.
Operating cash flow totaled $153 million, while free cash flow was $144 million. Excluding the IEEPA refund, Dorman generated approximately $62 million in comparable free cash flow, aided by working-capital improvements.
The company spent $47 million on share repurchases during the quarter, retiring about 398,000 shares at an average price of roughly $118 per share. Dorman had $363 million remaining under its repurchase authorization, which runs through 2027.
Dorman also refinanced its debt during the quarter, expanding its revolving credit facility to $800 million from $600 million and extending its maturity to 2031. The company issued $450 million of senior unsecured notes due in 2034 and used the proceeds to repay a prior term loan. It ended the quarter with approximately $318 million of net debt, $931 million of total liquidity and net leverage of 0.69 times adjusted EBITDA.
Segment Trends Remained Mixed Light Duty sales were flat at $424 million, as lower pricing offset other factors and volume declined against a strong comparison in the prior-year quarter. Olsen noted that Light Duty had posted 10% year-over-year growth in the second quarter of 2025. Point-of-sale dollars among top customers remained up in the mid-single-digit range, he said.
The company continued to see modest pressure in relatively discretionary, do-it-yourself-oriented categories, though Olsen said those products represent a smaller part of Dorman’s portfolio. The larger, predominantly non-discretionary do-it-for-me portion of the business was more stable. Dorman cited the average light-duty vehicle age of 12.9 years and rising vehicle miles traveled as supportive of long-term replacement-part demand.
Heavy Duty sales increased about 7% to $66 million, helped by the full-year effect of prior pricing actions and business wins in certain categories and channels. The segment’s operating margin rose to 4.2%; excluding the refund benefit, comparable margin was 2.3%, up 150 basis points.
Olsen said freight-market conditions remain difficult and Dorman does not expect meaningful growth in trucking mileage or tonnage during 2026. However, the company is pursuing opportunities with original-equipment dealers seeking additional service-center revenue and is expanding its above-frame product offerings.
Specialty Vehicle sales declined 1% to $54 million as softer customer demand was partly offset by pricing initiatives. Excluding the tariff-refund benefit, comparable adjusted operating margin was 17.8%, up 50 basis points year over year. Dorman said higher fuel prices and inflation weighed on consumer demand, while sales of both high-end cab models and lower-priced entry-level vehicles created different accessory and repair opportunities.
Olsen said the company remains focused on product innovation, supplier diversification, automation and productivity initiatives, while its balance sheet provides capacity for investments, acquisitions and additional share repurchases.
About Dorman Products (NASDAQ:DORM)Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman's offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company's extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Dorman Products (DORM - Free Report) came out with quarterly earnings of $3.08 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $2.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +73.03%. A quarter ago, it was expected that this distributor of parts to automotive retailers would post earnings of $1.52 per share when it actually produced earnings of $1.57, delivering a surprise of +3.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Dorman Products, which belongs to the Zacks Automotive - Replacement Parts industry, posted revenues of $544.6 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 6.41%. This compares to year-ago revenues of $540.96 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dorman Products shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 9.4%.
What's Next for Dorman Products?While Dorman Products has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dorman Products was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.44 on $584.33 million in revenues for the coming quarter and $8.22 on $2.29 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Replacement Parts is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Auto-Tires-Trucks sector, Atmus Filtration Technologies (ATMU - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 7.
This industrial filtration product company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of +5.3%. The consensus EPS estimate for the quarter has been revised 0.7% higher over the last 30 days to the current level.
Atmus Filtration Technologies' revenues are expected to be $510.5 million, up 12.6% from the year-ago quarter.
The Zacks Automotive–Replacement Partsindustry faces a challenging near-term outlook despite benefiting from an aging U.S. vehicle fleet. While older vehicles continue to support demand for replacement parts, rising repair complexity driven by electric vehicles is increasing costs for diagnostics, software and calibration, pressuring margins. Ongoing tariff uncertainty and elevated sourcing costs further weigh on profitability, particularly for companies reliant on imported components. Despite these challenges, industry players like Genuine Parts Company (GPC - Free Report) , Dorman Products, Inc. (DORM - Free Report) and Standard Motor Products, Inc. (SMP - Free Report) remain well-positioned to deliver sustained growth.
Industry Overview The Zacks Automotive – Replacement Parts industry includes companies involved in the manufacturing, marketing and distribution of replacement components for the automotive aftermarket. Industry participants supply systems, components and equipment used to repair and maintain vehicles, including engine, steering, drivetrain, suspension, brake and transmission parts. Demand for replacement parts is generally more resilient than new vehicle sales, as consumers tend to maintain existing vehicles rather than purchase new ones during periods of economic uncertainty. Repairs may be undertaken either by vehicle owners themselves or through professional service providers.
Factors Influencing the Industry's Prospects Vehicle Aging to Boost Aftermarket Demand:The U.S. vehicle fleet has been steadily aging over the past decade, with the average vehicle age increasing from 12.8 years in 2025 to an estimated 13 years in 2026, per CCC Intelligent Solutions. This trend reflects consumers holding onto their vehicles longer amid economic uncertainty and high auto financing costs. As of the first quarter of 2026, the average annual percentage rate for new-vehicle loans rose to 6.9%, up from 6.7% in the fourth quarter of 2025, per Edmunds. A larger fleet of older vehicles is likely to have boosted demand for replacement parts, driving sustained growth in the auto replacement market.
Repair Complexity Due to EV Technology: Vehicle repair has become increasingly complex with the growing adoption of electric vehicles. While conventional repairs primarily involved replacing damaged components and repainting body panels, EV repairs often require additional procedures such as sensor replacement, software diagnostics and system recalibration after the physical work is completed. These extra requirements increase repair costs and operational complexity, forcing replacement parts manufacturers to invest in advanced technologies and capabilities. The higher costs can weigh on profit margins, particularly for smaller companies with limited scale.
Tariff Risks: Replacement parts manufacturers continue to face uncertainty from evolving U.S. trade policies. The United States has imposed tariffs on various imported materials and automotive components from China and other countries, while also considering additional trade restrictions. The scope and duration of these tariffs, along with potential retaliatory measures, could increase sourcing costs and disrupt supply chains. Although companies may pass on some of these higher costs through pricing, incomplete cost recovery could pressure margins and adversely affect financial performance, especially for manufacturers with significant reliance on imported components.
Zacks Industry Rank is Unfavorable The Zacks Automotive – Replacements Parts industry is part of the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #218, which places it in the bottom 11% of around 240 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates concerning near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate.
Before we present a few stocks from the industry worth considering for your portfolio, let's take a look at the industry’s stock market performance and current valuation.
Industry Lags Sector and S&P 500 The Zacks Automotive – Replacement Parts industry has underperformed the Auto, Tires and Truck sector and the S&P 500 composite over the past year. The industry has declined 9.5% against the S&P 500 and the sector’s growth of 21.1% and 7.8%, respectively.
One-Year Price Performance
Image Source: Zacks Investment Research
Industry's Current Valuation Since automotive companies are debt-laden, it makes sense to value them based on the Enterprise Value/ Earnings before Interest, Tax, Depreciation and Amortization (EV/EBITDA) ratio. On the basis of trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 6.86X compared with the S&P 500’s 18.52X and the sector’s trailing 12-month EV/EBITDA of 25.28X. Over the past five years, the industry has traded as high as 8.2X, as low as 5.76X and at a median of 7.37X, as the chart below shows.
EV/EBITDA Ratio (Past 5 Years)
Image Source: Zacks Investment Research
Image Source: Zacks Investment Research
3 Stocks to Watch Genuine Parts: It distributes automotive and industrial replacement parts and materials. GPC's Industrial segment, led by Motion, is currently the company's biggest growth engine. With manufacturing activity remaining healthy and deferred maintenance normalizing, the Industrial business is well-positioned to deliver both revenue growth and expanding margins. Despite inflationary pressures, GPC continues to improve profitability through pricing, sourcing and restructuring initiatives. These initiatives provide a cushion against rising costs while supporting earnings growth.
GPC currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for 2026 sales and EPS implies year-over-year growth of 4.7% and 4.8%, respectively. The Zacks Consensus Estimate for 2026 EPS has moved up 2 cents in the last 30 days.
Price & Consensus: GPC
Image Source: Zacks Investment Research
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dorman Products:It is a leading supplier in the motor vehicle aftermarket industry. Despite continued uncertainty surrounding the macroeconomic and geopolitical landscape, the company reported a 4.2% year-over-year increase in first-quarter 2026 net sales. Supported by its solid first-quarter results and encouraging momentum across all three business segments, the company reaffirmed its 2026 net sales and earnings guidance. The company expects net sales to grow 7-9% year over year in 2026.
DORM currently carries a Zacks Rank #3. The Zacks Consensus Estimate for 2026 EPS has moved up 2 cents in the last 90 days. It has surpassed earnings estimates in each of the trailing four quarters, the average earnings surprise being 8.67%.
Price & Consensus: DORM
Image Source: Zacks Investment Research
Standard Motor: It is one of the leading manufacturers, distributors and marketers of premium automotive replacement parts for engine management and temperature control systems. The acquisition of Nissens, completed in November 2024, has helped SMP expand its geographic presence and establish a significant global growth platform. The Engineered Solutions segment's rebound, which began in mid-2025, reflects improving demand across commercial vehicle and powersports markets. Although this business is more cyclical than the aftermarket operations, the recovery provides SMP with an additional growth engine beyond its traditional repair-focused business.
SMP currently carries a Zacks Rank #3. The Zacks Consensus Estimate for 2026 sales and EPS implies year-over-year growth of 4.6% and 9.5%, respectively. It has surpassed earnings estimates in each of the trailing four quarters, the average earnings surprise being 22.27%.
Price & Consensus: SMP
Image Source: Zacks Investment Research
Dimensional Fund Advisors LP lifted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,099,352 shares of the auto parts company’s stock after buying an additional 51,653 shares during the period. Dimensional Fund Advisors LP owned about 3.64% of Dorman Products worth $114,725,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. Miller Capital Partners Inc. bought a new position in shares of Dorman Products in the fourth quarter worth about $37,000. Kestra Advisory Services LLC bought a new position in shares of Dorman Products in the fourth quarter worth about $48,000. Sankala Group LLC acquired a new stake in shares of Dorman Products in the 4th quarter valued at approximately $47,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Dorman Products in the 4th quarter valued at approximately $60,000. 84.70% of the stock is currently owned by institutional investors.
Dorman Products Stock Up 4.9% Shares of NASDAQ DORM opened at $143.17 on Wednesday. The company has a 50 day simple moving average of $130.79 and a 200 day simple moving average of $121.46. The firm has a market cap of $4.28 billion, a PE ratio of 23.09 and a beta of 0.97. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28.
Dorman Products (NASDAQ:DORM – Get Free Report) last posted its earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.52 by $0.05. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The business had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. During the same period last year, the company earned $2.02 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. On average, research analysts forecast that Dorman Products, Inc. will post 8.22 EPS for the current year.
Wall Street Analyst Weigh In Several equities research analysts recently issued reports on DORM shares. Wells Fargo & Company lifted their price target on shares of Dorman Products from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Barrington Research reissued an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.50.
Get Our Latest Analysis on Dorman Products
Dorman Products Company Profile (Free Report)
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
See Also Five stocks we like better than Dorman Products These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORM – Free Report).
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American Capital Management Inc. lifted its stake in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 196.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,435 shares of the auto parts company’s stock after purchasing an additional 40,028 shares during the period. American Capital Management Inc. owned 0.20% of Dorman Products worth $6,307,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Dorman Products by 11.6% in the fourth quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock valued at $102,000 after buying an additional 86 shares during the period. Coldstream Capital Management Inc. grew its holdings in Dorman Products by 3.7% during the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock valued at $420,000 after purchasing an additional 97 shares during the period. Corient Private Wealth LLC grew its holdings in Dorman Products by 2.6% during the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 99 shares during the period. Mackenzie Financial Corp increased its stake in Dorman Products by 6.4% in the third quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock valued at $271,000 after purchasing an additional 105 shares in the last quarter. Finally, Keybank National Association OH raised its holdings in Dorman Products by 1.5% in the first quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock worth $741,000 after purchasing an additional 106 shares during the period. 84.70% of the stock is owned by institutional investors and hedge funds.
Dorman Products Stock Up 1.7% Shares of DORM stock opened at $136.44 on Tuesday. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $166.89. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 22.01 and a beta of 0.97. The firm’s 50-day moving average is $130.18 and its 200-day moving average is $121.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29.
Dorman Products (NASDAQ:DORM – Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The firm had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 8.22 EPS for the current year.
Analysts Set New Price Targets Several research firms have recently weighed in on DORM. Barrington Research reiterated an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Wells Fargo & Company increased their price target on Dorman Products from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dorman Products currently has a consensus rating of “Moderate Buy” and an average target price of $159.50.
View Our Latest Report on DORM
About Dorman Products (Free Report)
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
See Also Five stocks we like better than Dorman Products AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There? Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORM – Free Report).
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COLMAR, Pa., July 13, 2026 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM) will report its financial results for the second quarter ended June 27, 2026, after the close of the market on August 3, 2026.
Dorman is scheduled to conduct a conference call to discuss its second quarter 2026 financial results on August 4, 2026, at 8:00 a.m. ET. The conference call can be accessed by dialing (800) 420-1459 within the U.S. or +1 (203) 518-9861 outside the U.S. When prompted, enter the conference ID “DORMQ226”. A live audio webcast, along with the accompanying presentation materials, can be accessed on the Company’s Investor Relations website at investors.dormanproducts.com. A replay of the webcast will be made available on the website shortly after the conclusion of the call.
About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money, and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control), which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. For additional information concerning factors that could cause actual results to differ materially from the information contained in this press release, please see Dorman’s prior press releases and filings with the U.S. Securities and Exchange Commission (“SEC”), including Dorman’s most recent annual report on Form 10-K and its other SEC filings. Dorman is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Investor Relations Contact
Alex Whitelam, VP, Investor Relations [email protected]
(445) 448-9522
Algert Global LLC lessened its position in shares of Dorman Products, Inc. (NASDAQ: DORM) by 10.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,732 shares of the auto parts company's stock after selling 16,247 shares during
April 02, 2026 08:00 ET | Source: Dorman Products, Inc.
COLMAR, Pa., April 02, 2026 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced that its Board of Directors has appointed Kevin Olsen, the Company’s President and Chief Executive Officer, as Chairman of the Board. Dorman’s prior Chairman, Steven Berman, will continue to serve on the Board of Directors, having served as Chairman since 2011.
“Today’s announcement underscores the Board’s confidence in Kevin’s strategic vision and leadership,” said Richard Riley, Dorman’s independent Lead Director. “This planned succession comes at a time of strength for the Company, allowing for a thoughtful and well‑coordinated transition.”
Mr. Olsen has served as a member of the Board of Directors and as the Company’s President and Chief Executive Officer since 2019. He joined Dorman in 2016 as the Company’s Chief Financial Officer and was appointed President and Chief Operating Officer in 2018 before assuming his current role in 2019.
“Under Kevin’s leadership, Dorman has experienced significant growth,” continued Riley. “Combining the roles of Chairman and Chief Executive Officer provides unified leadership and direction for the Company and draws on Kevin’s extensive operational and strategic expertise. On behalf of the Board, we congratulate Kevin and the entire team on their continued success.
“We also extend our deepest appreciation to Steven for his leadership as Chairman of the Board over the last 15 years, following decades of service on the Board that began in 1978. His aftermarket knowledge and steady leadership have been instrumental in guiding Dorman’s evolution and success. We are thankful that he will remain on the Board, ensuring we continue to benefit from his perspective and experience as the Company continues its strong momentum,” concluded Riley.
For more information on Dorman’s Board of Directors, please visit the Governance page on the Company’s Investor Relations site at investors.dormanproducts.com.
About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates,” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: competition in and the evolution of the motor vehicle aftermarket industry; changes in our relationships with, or the loss of, any customers or suppliers; our ability to develop, market and sell new and existing products; our ability to anticipate and meet customer demand; our ability to purchase necessary materials from our suppliers and the impacts of any related logistics constraints; widespread public health pandemics; political and regulatory matters, such as changes in trade policy, the imposition of tariffs and climate regulation; our ability to protect our information security systems and defend against cyberattacks; our ability to protect our intellectual property and defend against any claims of infringement; and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Contacts
Investor Relations: Alex Whitelam, VP, Investor Relations, [email protected]
Marketing: Steve Gisondi, Vice President of Marketing, [email protected]
Visit our website at dormanproducts.com. The Investor Relations section of the website contains important Company information, including financial data and investor materials. Dorman encourages investors to visit its website periodically to view new and updated information.
COLMAR, Pa., April 13, 2026 (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 28, 2026, after the closing of the Nasdaq Stock Market on May 4, 2026.
The Company also announced that it is scheduled to conduct a conference call and webcast to discuss its first quarter 2026 financial results on May 5, 2026, at 8:00 a.m. ET. The conference call can be accessed by dialing (888) 440-4182 within the U.S. or +1 (646) 960-0653 outside the U.S. When prompted, enter the conference ID number 1698878. A live audio webcast, along with the accompanying presentation materials, can be accessed on the Company’s website at Dorman Products, Inc. - Events. A replay of the webcast will be available on the Investor section of the Company’s website after the call.
About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money, and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control), which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. For additional information concerning factors that could cause actual results to differ materially from the information contained in this press release, please see Dorman’s prior press releases and filings with the U.S. Securities and Exchange Commission (“SEC”), including Dorman’s most recent annual report on Form 10-K and its other SEC filings. Dorman is under no obligation to (and expressly disclaims any such obligation to) update any of the information in this press release if any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Investor Relations Contact
Alex Whitelam, VP, Investor Relations [email protected]
(445) 448-9522
On April 15, 2026, Dorman Products Inc DORM shares fell 3.1% to $106.72. The stock has experienced a 52-week range of $98.45 to $166.89, reflecting significant volatility over the past year.
GF Value™ verdict: Current price is $106.72, 12.2% undervalued compared to GF Value of $121.59. GF Score™ of 93/100 indicates a strong overall performance in key financial metrics. Most notable signal: Insider activity shows that insiders sold $0.1M in the last 3 months with no buying. Is DORM Overvalued or Undervalued? The current price of Dorman Products Inc DORM at $106.72 is below the GF Value™ estimate of $121.59, indicating that the stock is 12.2% undervalued. This presents a potential opportunity for investors, as the market may not fully recognize the underlying value of the company at this time. The GF Valuation label suggests that DORM is modestly undervalued, offering a margin of safety for potential buyers.
However, investors should approach this opportunity with caution. The company's predictability rating is low at 1 star, which may indicate volatility in future performance. Additionally, while the company appears undervalued, other factors such as market conditions and broader economic uncertainties could impact its future price performance.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does DORM's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 16.1x 22.0x Forward P/E 12.6x - Dorman Products' current P/E ratio of 16.1x is 27% below its 5-year median P/E of 22.0x, suggesting that the stock is trading at a lower valuation compared to its historical levels. This finding aligns with the GF Value™ verdict, supporting the notion that the stock is undervalued based on its historical performance metrics.
What Does DORM's GF Score™ Tell Us? Metric Rating GF Score™ 93 Financial Strength 7/10 Profitability 9/10 Growth 9/10 Valuation 10/10 Momentum 5/10 The GF Score™ of 93/100 reflects Dorman Products' strong performance across multiple key aspects. The company excels in profitability and growth, with scores of 9/10 in both areas, indicating robust earnings and potential for expansion. However, the momentum rank of 5/10 suggests that the stock may not be experiencing significant upward price movement at this time, which could be a concern for short-term investors.
What Are Insiders Doing with DORM Stock? Over the past three months, insider activity has shown that insiders sold $0.1 million worth of shares, with no reported buying. This selling activity may suggest a lack of confidence among insiders regarding the stock's immediate future performance. While insider selling does not necessarily indicate a negative outlook for the company, it is a signal that investors should monitor closely.
Overall, the absence of insider buying could also be interpreted as a cautious stance from those closest to the company's operations.
What This Means for Investors Based on the analysis of GF Value™, Dorman Products Inc DORM appears to be undervalued with a current price of $106.72 compared to a GF Value of $121.59. However, investors should remain aware of the potential risks associated with market volatility and insider activity before making investment decisions.
For the complete analysis, visit the Dorman Products Inc DORM stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is DORM's GF Score™?
Dorman Products Inc DORM has a GF Score™ of 93/100, indicating a strong overall performance based on financial metrics.
Is DORM overvalued or undervalued?
According to GF Value™, DORM is currently undervalued, trading at $106.72 while the GF Value estimate is $121.59.
What is DORM's P/E ratio?
The current P/E ratio for Dorman Products Inc DORM is 16.1x, which is 27% below its historical 5-year median P/E of 22.0x, indicating a lower valuation compared to its past performance.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
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Dorman Products (DORM - Free Report) is a Zacks Rank #5 (Strong Sell) despite recently beating the Zacks Consensus Estimate. The stock has a Zacks Style Score for Value of f and an A for Growth. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day.
Description
Dorman Products, Inc. engages in the supply of automotive replacement and upgrade parts for the motor vehicle aftermarket industry. Its products include automotive body, steering and suspension, undercar, underhood, hardware and accessories, and heavy-duty components. The company was founded by Steven L. Berman and Richard N. Berman on October 16, 1978 and is headquartered in Colmar, PA.
NY.
Earnings History
When I look at a stock, the first thing I do is look to see if the company is beating the number. This tells me right away where the market’s expectations have been for the company and how management has communicated to the market. A stock that consistently beats has management communicating expectations to Wall Street that can be achieved. That is what you want to see.
In the case of Dorman Products (DORM - Free Report) I see the company has beaten the Zacks Consensus Estimate in each of the last four quarters. This alone does not make the stock a Zacks Rank #1 (Strong Buy) and it doesn’t make it a Zacks Rank #5 (Strong Sell) either.
The Zacks Rank does care about the earnings history, but it is much more heavily influenced by the movement of earnings estimates.
The most recent earnings report from Dorman Products (DORM - Free Report) saw the company post $2.17 in EPS when the Zacks Consensus Estimate was calling for $2.15. That 2 cent beat translates to a 1% positive earnings surprise.
Earnings Estimate Revisions
The Zacks Rank tells us which stocks are seeing earnings estimates move higher or in this case lower. For Dorman Products (DORM - Free Report) I see annual estimates for next year moving lower of late.
The current fiscal year consensus number has decreased from $9.58 to $8.25 over the last 60 days.
The next fiscal year has estimates holding still at $9.27 over the last 30 days.
Negative movement in earnings estimates are the primary is why this stock is a Zacks Rank #5 (Strong Sell).
It should be noted that a lot of stocks in the Zacks universe are seeing negative earnings estimate revisions. That means that the stocks that are seeing small but negative earnings estimate revisions are falling to a Zacks Rank #5 (Strong Sell).
Dorman is undervalued after a 10% YTD decline, with strong long-term aftermarket demand and robust earnings growth potential. DORM's Q1 earnings are set for a sizable beat, driven by margin expansion, heavy-duty segment strength, and favorable mix. Despite a premium valuation to peers, DORM's superior margins and double-digit growth justify further multiple expansion.
Standard Motor Products (SMP - Free Report) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +12.33%. A quarter ago, it was expected that this auto parts maker would post earnings of $0.45 per share when it actually produced earnings of $0.56, delivering a surprise of +24.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Standard Motor Products, which belongs to the Zacks Automotive - Replacement Parts industry, posted revenues of $451.17 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.81%. This compares to year-ago revenues of $413.38 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Standard Motor Products shares have added about 0.1% since the beginning of the year versus the S&P 500's gain of 4.2%.
What's Next for Standard Motor Products?While Standard Motor Products has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Standard Motor Products was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.49 on $509.1 million in revenues for the coming quarter and $4.40 on $1.84 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Replacement Parts is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Dorman Products (DORM - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 4.
This distributor of parts to automotive retailers is expected to post quarterly earnings of $1.52 per share in its upcoming report, which represents a year-over-year change of -24.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Dorman Products' revenues are expected to be $518.54 million, up 2.1% from the year-ago quarter.
Highlights (All comparisons are to the prior year period unless otherwise noted):
Net sales of $528.8 million for the quarter, up 4.2%Diluted earnings per share (“EPS”) of $1.43, down 24%Adjusted diluted EPS* of $1.57, down 22%Generated $43.8 million of cash from operating activities; repurchased $51 million of its shares COLMAR, Pa., May 04, 2026 (GLOBE NEWSWIRE) -- 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 28, 2026.
Kevin Olsen, Dorman’s Chairman, President, and Chief Executive Officer, stated, “We started the year with solid financial performance that was in line with our expectations. Despite ongoing uncertainty in the broader economy and geopolitical environment, we delivered first quarter net sales growth of 4.2% year over year. Diluted EPS was $1.43, and adjusted diluted EPS* was $1.57, down 24% and 22%, respectively, compared to the same period in 2025, driven largely by the anticipated impact of higher costs associated with tariffs implemented in 2025. In addition, we generated cash from operations of $44 million and returned capital to stockholders through $51 million of share repurchases at an average price of $118 per share.
“Based on our first-quarter performance and our positive outlook across all three of our segments, we are reaffirming our net sales and earnings guidance for 2026.
“As we continue to navigate through recent market dynamics, we remain confident in our strategy and position as the innovation leader in the aftermarket, and we will continue to manage and execute on the factors within our control to support long-term growth.”
First Quarter Financial Results
The Company reported first quarter 2026 net sales of $528.8 million, up 4.2% compared to net sales of $507.7 million in the first quarter of 2025.
Gross profit was $190.2 million in the first quarter of 2026, or 36.0% of net sales, compared to $207.7 million, or 40.9% of net sales, in the same quarter last year.
Selling, general, and administrative (“SG&A”) expenses were $131.4 million, or 24.8% of net sales, in the first quarter of 2026, compared to $127.6 million, or 25.1% of net sales, in the same quarter last year. Adjusted SG&A expenses* were $126.0 million, or 23.8% of net sales, in the first quarter of 2026, compared to $121.6 million, or 23.9% of net sales, in the same quarter last year.
Diluted EPS was $1.43 in the first quarter of 2026, down 24% compared to diluted EPS of $1.87 in the same quarter last year. Adjusted diluted EPS* was $1.57 in the first quarter of 2026, down 22% compared to adjusted diluted EPS* of $2.02 in the same quarter last year.
Segment results were as follows:
Net Sales Segment Profit Margin($ in millions)Q1 2026 Q1 2025 Change Q1 2026 Q1 2025 ChangeLight Duty$423.8 $408.8 4% 14.1% 19.9% -580 bpsHeavy Duty$57.8 $51.7 12% 0.8% -0.3% 110 bpsSpecialty Vehicle$47.2 $47.2 0% 8.7% 10.2% -150 bps 2026 Guidance
The Company reaffirms its full-year 2026 guidance as detailed in the table below. The Company's guidance includes the expected impact of tariffs enacted as of May 4, 2026. The Company’s guidance excludes impacts from potential IEEPA tariff refunds, potential tariff changes after May 4, 2026, future acquisitions and divestitures, and additional share repurchases.
2026 GuidanceNet Sales Change vs. 20257% – 9%Diluted EPS$7.57 – $7.97Change vs. 202514% – 20%Adjusted Diluted EPS*$8.10 – $8.50Change vs. 2025(9)% – (4)%Tax Rate Estimate23.5% Conference Call and Webcast
The Company will hold a conference call and webcast for investors on Tuesday, May 5, 2026, beginning at 8:00 a.m. Eastern time. The conference call can be accessed by telephone at (888) 440-4182 within the U.S. or +1 (646) 960-0653 outside the U.S. When prompted, enter the conference ID number 1698878. A live audio webcast and accompanying presentation materials can be accessed on the Company’s website at Dorman Products, Inc. - Events. After the call, a replay of the session will be available on the Investor section of the Company’s website.
About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
*Non-GAAP Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains Non-GAAP financial measures. The reasons why we believe these measures provide useful information to investors and a reconciliation of these measures to the most directly comparable GAAP measures and other information relating to these Non-GAAP measures are included in the supplemental schedules attached.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates,” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: competition in and the evolution of the motor vehicle aftermarket industry; changes in our relationships with, or the loss of, any customers or suppliers; our ability to develop, market and sell new and existing products; our ability to anticipate and meet customer demand; our ability to purchase necessary materials from our suppliers and the impacts of any related logistics constraints; widespread public health pandemics; political and regulatory matters, such as changes in trade policy, the imposition of tariffs and climate regulation; our ability to protect our information security systems and defend against cyberattacks; our ability to protect our intellectual property and defend against any claims of infringement; and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Visit our website at dormanproducts.com. The Investor Relations section of the website contains important Company information, including financial data and investor materials. Dorman encourages investors to visit its website periodically to view new and updated information.
DORMAN PRODUCTS, INC.
Consolidated Statements of Operations
(in thousands, except per-share amounts)
Three Months Ended Three Months Ended(unaudited)3/28/26 Pct.* 3/29/25 Pct. *Net sales$528,770 100.0 $507,692 100.0 Cost of goods sold 338,615 64.0 299,984 59.1 Gross profit 190,155 36.0 207,708 40.9 Selling, general, and administrative expenses 131,372 24.8 127,634 25.1 Income from operations 58,783 11.1 80,074 15.8 Interest expense, net 5,807 1.1 7,358 1.4 Other income, net (3,246) (0.6) (1,361) (0.3)Income before income taxes 56,222 10.6 74,077 14.6 Provision for income taxes 12,671 2.4 16,572 3.3 Net income$43,551 8.2 $57,505 11.3 Diluted earnings per share$1.43 $1.87 Weighted average diluted shares outstanding 30,423 30,810 * Percentage of sales. Data may not add due to rounding.
DORMAN PRODUCTS, INC.
Consolidated Balance Sheets
(in thousands, except share data)
(unaudited)3/28/26 12/31/25Assets Current assets: Cash and cash equivalents$43,056 $49,436 Accounts receivable, less allowance for doubtful accounts of $1,879 and $1,948 503,026 479,252 Inventories 902,422 959,019 Prepaids and other current assets 26,896 33,819 Total current assets 1,475,400 1,521,526 Property, plant, and equipment, net 166,621 168,777 Operating lease right-of-use assets 110,155 112,805 Goodwill 387,334 387,334 Intangible assets, net 251,785 257,079 Other assets 43,836 45,557 Total assets$2,435,131 $2,493,078 Liabilities and shareholders’ equity Current liabilities: Accounts payable$133,549 $185,125 Accrued compensation 17,577 30,756 Accrued customer rebates and returns 184,966 197,398 Revolving credit facility 15,000 — Current portion of long-term debt 37,500 37,500 Other accrued liabilities 59,533 42,048 Total current liabilities 448,125 492,827 Long-term debt 402,512 402,413 Long-term operating lease liabilities 93,226 96,568 Deferred tax liabilities 3,868 3,977 Other long-term liabilities 20,697 20,218 Commitments and contingencies Shareholders’ equity: Common stock, $0.01 par value; 50,000,000 shares authorized; 30,031,601 and 30,391,955 shares issued and outstanding in 2026 and 2025, respectively 300 304 Additional paid-in capital 134,230 137,109 Retained earnings 1,337,092 1,344,183 Accumulated other comprehensive loss (4,919) (4,521)Total shareholders’ equity 1,466,703 1,477,075 Total liabilities and shareholders' equity$2,435,131 $2,493,078 Selected Cash Flow Information (unaudited):
Three Months Ended (in thousands)3/28/26 3/29/25Cash provided by operating activities$43,759 $51,237Depreciation and amortization$13,998 $13,843Capital expenditures$8,449 $10,985 DORMAN PRODUCTS, INC.
Non-GAAP Financial Measures
(in thousands, except per-share amounts)
Our financial results include certain financial measures not derived in accordance with generally accepted accounting principles (GAAP). Non-GAAP financial measures should not be used as a substitute for GAAP measures, or considered in isolation, for the purpose of analyzing our operating performance, financial position or cash flows. Additionally, these non-GAAP measures may not be comparable to similarly titled measures reported by other companies. However, we have presented these non-GAAP financial measures because we believe this presentation, when reconciled to the corresponding GAAP measure, provides useful information to investors by offering additional ways of viewing our results, profitability trends, and underlying growth relative to prior and future periods and to our peers. Management uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating our performance. Non-GAAP financial measures may reflect adjustments for charges such as fair value adjustments, amortization, transaction costs, severance, accelerated depreciation, and other similar expenses related to acquisitions as well as other items that we believe are not related to our ongoing performance.
Adjusted Net Income:
Three Months Ended (unaudited)3/28/26* 3/29/25*Net income (GAAP)$43,551 $57,505 Pretax acquisition-related intangible assets amortization [1] 5,174 5,471 Pretax acquisition-related transaction and other costs [2] 242 492 Pretax reduction in workforce costs [3] — 114 Tax adjustment (related to above items) [4] (1,284) (1,474)Adjusted net income (Non-GAAP)$47,683 $62,108 Diluted earnings per share (GAAP)$1.43 $1.87 Pretax acquisition-related intangible assets amortization [1] 0.17 0.18 Pretax acquisition-related transaction and other costs [2] 0.01 0.02 Pretax reduction in workforce costs [3] — 0.00 Tax adjustment (related to above items) [4] (0.04) (0.05)Adjusted diluted earnings per share (Non-GAAP)$1.57 $2.02 Weighted average diluted shares outstanding 30,423 30,810 * Amounts may not add due to rounding.
See accompanying notes at the end of this supplemental schedule.
Adjusted SG&A Expenses:
Three Months Ended Three Months Ended (unaudited)3/28/26 Pct.** 3/29/25 Pct.**SG&A expenses (GAAP)$131,372 24.8 $127,634 25.1 Pretax acquisition-related intangible assets amortization [1] (5,174) (1.0) (5,471) (1.1)Pretax acquisition-related transaction and other costs [2] (242) (0.0) (492) (0.1)Pretax reduction in workforce costs [3] — — (114) (0.0)Adjusted SG&A expenses (Non-GAAP)$125,956 23.8 $121,557 23.9 Net sales$528,770 $507,692 * *Percentage of sales. Data may not add due to rounding.
[1] – Pretax acquisition-related intangible asset amortization results from allocating the purchase price of an acquisition to the acquired tangible and intangible assets of the acquired business and recognizing the cost of the intangible asset over the period of benefit. Such costs were $5.2 million pretax (or $3.9 million after tax) during the three months ended March 28, 2026. Such costs were $5.5 million pretax (or $4.1 million after tax) during the three months ended March 29, 2025.
[2] – Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions. During the three months ended March 28, 2026, and March 29, 2025, we incurred charges included in selling, general, and administrative expenses to complete and integrate acquisitions of $0.2 million pretax (or $0.2 million after tax) and $0.5 million pretax (or $0.4 million after tax), respectively.
[3] – Pretax reduction in workforce costs represents costs incurred in connection with our planned workforce reduction, including insurance continuation costs. During the three months ended March 29, 2025, the expenses were $0.1 million pretax (or $0.1 million after tax).
[4] – Tax adjustments represent the aggregate tax effect of all non-GAAP adjustments reflected in the table above and totaled $(1.3) million during the three months ended March 28, 2026, and $(1.5) million during the three months ended March 29, 2025. Such items are estimated by applying our statutory tax rate to the pretax amount, or an actual tax amount for discrete items.
2026 Guidance:
The Company reaffirms the following guidance ranges related to its full year 2026 outlook:
Year Ending 12/31/2026(unaudited)Low End High EndDiluted earnings per share (GAAP)$7.57 $7.97 Pretax acquisition-related intangible assets amortization 0.66 0.66 Pretax acquisition transaction and other costs 0.03 0.03 Tax adjustment (related to above items) (0.16) (0.16)Adjusted diluted earnings per share (Non-GAAP)$8.10 $8.50 Weighted average diluted shares outstanding 30,500 30,500
Dorman Products (DORM - Free Report) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.63%. A quarter ago, it was expected that this distributor of parts to automotive retailers would post earnings of $2.15 per share when it actually produced earnings of $2.17, delivering a surprise of +0.93%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Dorman Products, which belongs to the Zacks Automotive - Replacement Parts industry, posted revenues of $528.77 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.97%. This compares to year-ago revenues of $507.69 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Dorman Products shares have lost about 8.4% since the beginning of the year versus the S&P 500's gain of 5.6%.
What's Next for Dorman Products?While Dorman Products has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Dorman Products was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.83 on $583.63 million in revenues for the coming quarter and $8.20 on $2.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Replacement Parts is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
ChargePoint Holdings, Inc. (CHPT - Free Report) , another stock in the broader Zacks Auto-Tires-Trucks sector, has yet to report results for the quarter ended April 2026.
This company is expected to post quarterly loss of $1.11 per share in its upcoming report, which represents a year-over-year change of +7.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
ChargePoint Holdings, Inc.'s revenues are expected to be $94.86 million, down 2.9% from the year-ago quarter.
On May 6, 2026, Aurora Investment Counsel disclosed a new position in Dorman Products (DORM +1.09%), acquiring 25,612 shares in an estimated $3.05 million trade based on the quarterly average price.
What happenedAccording to an SEC filing dated May 6, 2026, Aurora Investment Counsel established a new stake in Dorman Products, acquiring 25,612 shares during the first quarter of 2026. The estimated transaction value, calculated using the average quarterly closing price, is $3.05 million. Post-trade, the quarter-end value of Aurora's new Dorman Products position was $2.67 million, reflecting both share accumulation and changes in the underlying stock price.
What else to knowThis is a new position for Aurora, now accounting for 1.48% of its $180.32 million in 13F reportable U.S. equity assets as of March 31, 2026.
Top holdings after the filing:
NYSE:ZTO: $3.76 million (2.1% of AUM)NYSE:DELL: $3.53 million (2.0% of AUM)NASDAQ:INTU: $3.30 million (1.8% of AUM)NYSE:ETR: $3.27 million (1.8% of AUM)NYSE:WTRG: $2.85 million (1.6% of AUM)As of May 5, 2026, shares of Dorman Products were priced at $119.52, up 4.0% over the past year, underperforming the S&P 500 by 24.5 percentage points.
Company overviewMetricValueRevenue (TTM)$2.15 billionNet income (TTM)$190.24 millionPrice (as of market close May 5, 2026)$119.52One-year price change4.0%Company snapshotOffers a broad portfolio of replacement parts and fasteners for passenger cars, light trucks, and heavy-duty vehicles, including manifolds, electronics modules, fluid reservoirs, and chassis components.Generates revenue through the design, sourcing, and distribution of aftermarket automotive parts sold primarily under proprietary brands to various distribution channels.Serves automotive aftermarket retailers, warehouse distributors, specialty markets, salvage yards, and independent parts wholesalers globally.Dorman Products is a leading supplier in the automotive aftermarket, providing a comprehensive range of replacement parts and fasteners for a wide spectrum of vehicles. The company leverages its proprietary brands and broad product offering to address both common and complex repair needs, supporting a diverse customer base across multiple distribution channels. Its scale, product innovation, and established relationships with retailers and distributors underpin its competitive position within the auto parts industry.
What this transaction means for investorsAurora Investment Counsel, a Georgia-based investment advisor, recently disclosed the purchase of more than 25,000 shares of Dorman Products stock during the first quarter (the three months ending on March 31, 2026). Here are some key takeaways for investors.
First, Dorman stock has delivered decent returns, but not outstanding ones, in recent years. Shares have advanced by about 39% over the last three years, equating to a compound annual growth rate (CAGR) of 11.6%.
That doesn’t quite match up to the benchmark S&P 500 index, which has delivered gains of 82% over the same period, with a CAGR of 22.2%.
Among other challenges, Dorman’s gross margins have come under pressure. Quarterly gross margins fell to 36% in the most recent quarter, down from a three-year high of 44%. Rising input costs and tariffs are among the macroeconomic culprits that have cut into the company’s profitability.
June 02, 2026 08:25 ET | Source: Dorman Products, Inc.
COLMAR, Pa., June 02, 2026 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, announced today the commencement of a private offering of $450.0 million aggregate principal amount of senior notes due 2034 (the “Notes”), subject to market and other conditions. The interest rate and other terms of the Notes will be determined at pricing.
The Notes will be guaranteed by each of Dorman’s existing and future wholly-owned domestic subsidiaries that is a guarantor or other obligor under its credit agreement and certain other indebtedness, subject to certain exceptions.
Dorman intends to use the net proceeds from the offering to repay indebtedness under existing credit facilities and, to the extent of any remainder, for general corporate purposes.
The offering of the Notes will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), only to investors who are reasonably believed to be “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act, or to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money, and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “intends,” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: the terms of and completion of the offering of the Notes, the anticipated use of the net proceeds from the offering, competition in and the evolution of the motor vehicle aftermarket industry and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Investor Relations Contact
Alex Whitelam, VP, Investor Relations [email protected]
(445) 448-9522
June 02, 2026 17:42 ET | Source: Dorman Products, Inc.
COLMAR, Pa., June 02, 2026 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, announced today that it priced its private offering of $450.0 million aggregate principal amount of 6.25% senior notes due 2034 (the “Notes”) at an issue price of 100.000%. The sale of the Notes is expected to close on June 16, 2026, subject to customary closing conditions.
The Notes will be guaranteed by each of Dorman’s existing and future wholly-owned domestic subsidiaries that is a guarantor or other obligor under its credit agreement and certain other indebtedness, subject to certain exceptions.
Dorman intends to use the net proceeds from the offering to repay indebtedness under existing credit facilities and, to the extent of any remainder, for general corporate purposes.
The offering of the Notes will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), only to investors who are reasonably believed to be “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act, or to certain non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money, and increase convenience and reliability.
Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “will,” “intends,” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: the completion of the offering of the Notes, the anticipated use of the net proceeds from the offering, competition in and the evolution of the motor vehicle aftermarket industry and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Investor Relations Contact
Alex Whitelam, VP, Investor Relations [email protected]
(445) 448-9522
Dorman is undervalued, with earnings power projected at $10/share in 2027 and a price target of $160. Q1 results were impacted by peak tariff costs under FIFO accounting, but margin normalization and growth are expected through year-end. Management reaffirmed full-year guidance, anticipating 7-9% sales growth and operating margins exiting 2024 in the high teens.
