Dorman Disappoints as Growth Rates Slow
In recent years, extremely good conditions in the auto industry have helped create strong demand for high-quality auto parts. That's been good news for Dorman Products (NASDAQ: DORM), which already offers a wide array of valuable products and has worked even harder to come up with innovative new parts to serve the changing needs of its customers.
Coming into Friday's third-quarter financial report, investors expected the company to produce the same solid rate of growth that it has seen recently. Dorman wasn't able to match its previous performance, however, and that even though the auto parts company still managed to produce some growth, the report raised questions about what's coming down the road. Let's take a closer look at how Dorman Products did and what's next for the company.
Image source: Dorman Products.
Source: Fool.com
Dorman Products Stock
Dorman Products is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 135 € there is a slightly positive potential of 13.45% for Dorman Products compared to the current price of 119.0 €.
