On Monday, Dorman Products got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Dorman Products is now out of buy range after breaking out from a 146.60 buy point in a consolidation.
The stock sports a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted a 23% rise in earnings for Q2. Revenue was flat, matching the prior quarter's 8%.
Dorman Products holds the No. 1 rank among its peers in the Auto/Truck-Replacement Parts industry group. Motorcar Parts of Amer and Standard Motor Products are also among the group's highest-rated stocks.
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