Dorman Products 株価情報 (NASDAQ: DORM)

Dorman Products (NASDAQ:DORM) 株価情報

Dorman Prods

Dorman Products Inc is a supplier of original equipment parts for automobiles. It offers automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, Super ATV, etc., through aftermarket retailers, warehouse distributors, specialty markets, and salvage yards. The company operates through three business segments, which include Light Duty, Heavy Duty, and Specialty Vehicle. A majority of its revenue is generated from the Light Duty segment, which designs and markets replacement parts and fasteners mainly for passenger cars and light trucks. Geographically, it derives key revenue from the United States.

Dorman Products

Dorman Products Inc

DORMAKABA HLD AG UNSP/ADR by Dormakaba Hldg AG

dorma+kaba Holding AG

DORMAKABA HLD AG ORD by Dormakaba Hldg AG

Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) is looking for FY2025 GAAP EPS of $7.00-$7.30 vs $7.24 analyst estimate..

News

Guidance

DORM

Dorman Prods Sees FY2025 GAAP EPS $7.00-$7.30 vs $7.24 Est

Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) is looking for FY2025 Adj EPS of $7.55-$7.85 vs $7.53 analyst estimate..

Dorman Prods Sees FY2025 Adj EPS $7.55-$7.85 vs $7.53 Est

Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $1.97 by 11.68 percent. This is a 40.13 percent increase over earnings of $1.57 per share from the same period last year. The company reported quarterly sales of $533.77 million which beat the analyst consensus estimate of $524.78 million by 1.71 percent. This is a 7.99 percent increase over sales of $494.30 million the same period last year.

Earnings

Earnings Beats

Dorman Prods Q4 Adj $2.20 Beats $1.97 Estimate, Sales $533.77M Beat $524.78M Estimate

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Earnings Scheduled For February 26, 2025

John McKnight, President at Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>), reported a large exercise of company stock options on December 5, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000868780/000162828024050092//Archives/edgar/data/868780/000162828024050092/0001628280-24-050092-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that McKnight, President at Dorman Prods, a company in the Consumer Discretionary sector, just exercised stock options worth 4,860 shares of DORM stock with an exercise price of $74.85.
The Friday morning update indicates Dorman Prods shares down by 0.0%, currently priced at $139.25. At this value, McKnight's 4,860 shares are worth $312,999.
<h3>Delving into Dorman Prods's Background</h3>
Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. It operates as a single reportable operating segment, namely, the sale of replacement and upgrades parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks as well as specialty vehicles. The company operates in the United States.
<h3>Unraveling the Financial Story of Dorman Prods</h3>
Revenue Growth: Over the 3 months period, Dorman Prods showcased positive performance, achieving a revenue growth rate of 3.19% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 40.46%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Dorman Prods's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.81.
</li>
</ul>
Debt Management: Dorman Prods's debt-to-equity ratio is below the industry average at 0.51, reflecting a lower dependency on debt financing and a more conservative financial approach.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 23.32, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.2 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 14.11 positions the company as being more valued compared to industry benchmarks.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000868780">Check Out The Full List Of Dorman Prods's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Witnessing An Insider Decision, John McKnight Exercises Options Valued At $312K At Dorman Prods

A significant insider transaction involving the exercise of company stock options was reported on November 27, by Eric Luftig, Senior Vice President at Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>), as per the latest SEC filing.
What Happened: In an insider options sale disclosed in a Form 4 filing on Wednesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000868780/000162828024049368//Archives/edgar/data/868780/000162828024049368/0001628280-24-049368-index.htm">U.S. Securities and Exchange Commission</a>, Luftig, Senior Vice President at Dorman Prods, exercised stock options for 2,062 shares of DORM. The transaction value amounted to $64,540.
The latest update on Wednesday morning shows Dorman Prods shares down by 0.0%, trading at $142.83. At this price, Luftig's 2,062 shares are worth $64,540.
<h3>All You Need to Know About Dorman Prods</h3>
Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. It operates as a single reportable operating segment, namely, the sale of replacement and upgrades parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks as well as specialty vehicles. The company operates in the United States.
<h3>Dorman Prods's Financial Performance</h3>
Revenue Growth: Over the 3 months period, Dorman Prods showcased positive performance, achieving a revenue growth rate of 3.19% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 40.46%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.81, Dorman Prods showcases strong earnings per share.
</li>
</ul>
Debt Management: Dorman Prods's debt-to-equity ratio is below the industry average. With a ratio of 0.51, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 23.92, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.26, Dorman Prods's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 14.43, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000868780">Check Out The Full List Of Dorman Prods's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Eric Luftig Exercises Options, Realizes $64K

A large exercise of company stock options by JEFFERY DARBY, SVP at Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) was disclosed in a new SEC filing on November 25, as part of an insider exercise.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000868780/000162828024049164//Archives/edgar/data/868780/000162828024049164/0001628280-24-049164-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that DARBY, SVP at Dorman Prods, a company in the Consumer Discretionary sector, just exercised stock options worth 4,422 shares of DORM stock with an exercise price of $61.86.
The Tuesday morning market activity shows Dorman Prods shares down by 0.71%, trading at $140.7. This implies a total value of $348,630 for DARBY's 4,422 shares.
<h3>About Dorman Prods</h3>
Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. It operates as a single reportable operating segment, namely, the sale of replacement and upgrades parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks as well as specialty vehicles. The company operates in the United States.
<h3>Dorman Prods's Financial Performance</h3>
Revenue Growth: Over the 3 months period, Dorman Prods showcased positive performance, achieving a revenue growth rate of 3.19% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: Achieving a high gross margin of 40.46%, the company performs well in terms of cost management and profitability within its sector.
</li>
<li>
Earnings per Share (EPS): Dorman Prods's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.81.
</li>
</ul>
Debt Management: Dorman Prods's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.51.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 23.74, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.24 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 14.33, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Illuminating the Importance of Insider Transactions</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000868780">Check Out The Full List Of Dorman Prods's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JEFFERY DARBY At Dorman Prods Executes Options Exercise, Realizing $348K

Disclosed in a recent SEC filing on November 19, Long, SVP at Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000868780/000162828024048347//Archives/edgar/data/868780/000162828024048347/0001628280-24-048347-index.htm">U.S. Securities and Exchange Commission</a>, Long, SVP at Dorman Prods, executed a strategic derivative sale. This involved exercising stock options for 3,277 shares of DORM, resulting in a transaction value of $237,025.
During Tuesday's morning session, Dorman Prods shares down by 0.0%, currently priced at $134.01. Considering the current price, Long's 3,277 shares have a total value of $237,025.
<h3>All You Need to Know About Dorman Prods</h3>
Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. It operates as a single reportable operating segment, namely, the sale of replacement and upgrades parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks as well as specialty vehicles. The company operates in the United States.
<h3>A Deep Dive into Dorman Prods's Financials</h3>
Revenue Growth: Dorman Prods's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 3.19%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 40.46%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Dorman Prods's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.81.
</li>
</ul>
Debt Management: Dorman Prods's debt-to-equity ratio is below the industry average at 0.51, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 22.45 is lower than the industry average, implying a discounted valuation for Dorman Prods's stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.12 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 13.65, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000868780">Check Out The Full List Of Dorman Prods's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Donna Long Exercises Options, Realizes $237K

A substantial insider activity was disclosed on November 6, as Leff, SVP at Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>), reported the exercise of a large sell of company stock options.
What Happened: Leff, SVP at Dorman Prods, exercised stock options for 5,536 shares of DORM stock. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000868780/000162828024045638//Archives/edgar/data/868780/000162828024045638/0001628280-24-045638-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The exercise price of the options was $61.68 per share.
As of Thursday morning, Dorman Prods shares are down by 0.01%, with a current price of $136.91. This implies that Leff's 5,536 shares have a value of $416,473.
<h3>Discovering Dorman Prods: A Closer Look</h3>
Dorman Products Inc is a supplier of original equipment parts for automobiles. The company produces automotive and heavy-duty replacement parts, automotive hardware, brake parts, and fasteners for the automotive and heavy-duty aftermarket. The products are sold under the Dorman brand and its sub-brands OE Solutions, Help!, Conduct-Tite, and HD Solutions through aftermarket retailers, regional and local warehouse distributors, specialty markets, and salvage yards. It operates as a single reportable operating segment, namely, the sale of replacement and upgrades parts in the motor vehicle aftermarket industry, serving passenger cars, light-, medium-, and heavy-duty trucks as well as specialty vehicles. The company operates in the United States.
<h3>A Deep Dive into Dorman Prods's Financials</h3>
Revenue Growth: Dorman Prods displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.19%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 40.46%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.81, Dorman Prods showcases strong earnings per share.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.51.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 22.93 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.16, Dorman Prods's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Dorman Prods's EV/EBITDA ratio of 13.91 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Essential Transaction Codes Unveiled</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000868780">Check Out The Full List Of Dorman Prods's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
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SVP At Dorman Prods Exercises Options Worth $416K

WIIM

Dorman Products shares are trading higher after the company reiterated its Buy rating and raised its price target on the stock from $126 to $153.

Roth MKM analyst Scott Stember reiterates Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) with a Buy and raises the price target from $126 to $153.

Price Target

Reiteration

Analyst Ratings

Roth MKM Reiterates Buy on Dorman Prods, Raises Price Target to $153

Dorman Products shares are trading higher after the company raised its FY24 adjusted EPS guidance.

U.S. stocks were higher, with the Dow Jones index gaining around 450 points on Friday.
Shares of Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose sharply during Friday's session as the company posted stronger-than-expected results for the <a href="https://www.benzinga.com/quote/AMZN">third quarter on Thursday</a>.
Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion, according to data from Benzinga Pro. The company said it sees fourth-quarter net sales to come in a range of $181.5 billion to $188.5 billion, up 7% to 11% year-over-year.
Amazon.com shares jumped 7.1% to $199.63 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Proto Labs, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRLB#NYSE">PRLB</a>) shares jumped 31.8% to $36.10 after the company reported better-than-expected third-quarter financial results and issued fourth-quarter adjusted EPS guidance with its midpoint above estimates.</li>
<li>Interface, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) gained 30% to $22.72 after the company reported better-than-expected third-quarter financial results and raised its FY24 net sales guidance above estimates.</li>
<li>Globalstar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NYSE">GSAT</a>) jumped 25.3% to $1.3145 after the company amended its services agreement with Apple to launch an extended MSS network with new satellites and infrastructure.</li>
<li>ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) gained 19.7% to $19.52.</li>
<li>Waters Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAT#NYSE">WAT</a>) rose 17.3% to $378.98 after the company reported third-quarter earnings and sales that beat analyst estimates.</li>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) gained 16.5% to $96.73 following third-quarter results.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) climbed 15.8% to $218.37 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
<li>Pediatrix Medical Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MD#NYSE">MD</a>) rose 15.6% to $14.26 following better-than-expected quarterly earnings.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) gained 14.2% to $7.98. ASP Isotopes announced the pricing of public offering of common stock.</li>
<li>Select Medical Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEM#NYSE">SEM</a>) surged 13.2% to $36.32 following better-than-expected quarterly earnings.</li>
<li>Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) gained 12% to $366.93 after the company reported better-than-expected quarterly EPS and revenues.</li>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) gained 11.5% to $89.49.</li>
<li>Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) gained 9.9% to $55.56 after the company reported better-than-expected quarterly financial results and issued FY24 adjusted EPS guidance above estimates.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) rose 9.6% to $14.92.</li>
<li>MasTec, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) surged 8.2% to $133.01 after the company raised its FY2024 adjusted EPS guidance.</li>
<li>Chart Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NASDAQ">GTLS</a>) gained 8.1% to $130.46 following quarterly results.</li>
<li>Dorman Products, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) gained 7.9% to $123.05 following upbeat earnings.</li>
<li>Magna International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) jumped 7.8% to $42.54 following third-quarter results.</li>
<li>Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) gained 7.1% to $116.21 after the company reported better-than-expected first-quarter EPS and revenues and raised its FY2025 adjusted EPS guidance.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/24/11/41685620/top-3-energy-stocks-that-are-preparing-to-pump-in-november">Top 3 Energy Stocks That Are Preparing To Pump In November</a></li>
</ul>

Intraday Update

Markets

Movers

ADMA

AMZN

ASPI

CHTR

GSAT

GTLS

HALO

LBRDA

MBLY

PRLB

TEAM

TILE

Amazon Posts Upbeat Results, Joins Cardinal Health, Waters, Atlassian, Charter Communications, MasTec And Other Big Stocks Moving Higher On Friday

Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.53 by 28.1 percent. This is a 40 percent increase over earnings of $1.40 per share from the same period last year. The company reported quarterly sales of $503.773 million which missed the analyst consensus estimate of $510.153 million by 1.25 percent. This is a 3.19 percent increase over sales of $488.186 million the same period last year.

Earnings Misses

Dorman Prods Q3 2024 Adj. EPS $1.96 Beats $1.53 Estimate, Sales $503.773M Miss $510.153M Estimate

Dorman Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DORM#NASDAQ">DORM</a>) raises FY2024 Adj EPS guidance from $6.00-6.20 to $6.85-6.95 vs $6.14 analyst estimate..

Dorman Prods Raises FY2024 Adj EPS Guidance from $6.00-6.20 to $6.85-6.95 vs $6.14 Est;  Anticipate net sales growth to be in the range of 3.5% to 4.5%.

General Motors&#39; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) autonomous vehicle division, Cruise, is set to pay a $1.5 million fine after failing to fully report a crash involving a pedestrian, per the National Highway Traffic Safety Administration (NHTSA). The incident, which occurred in October 2023 in San Francisco, involved a robotaxi that dragged a pedestrian for 20 feet after she got hit by another vehicle. It led Cruise to halt its driverless operations nationwide after California regulators deemed its vehicles a public safety risk. As a result, the California Department of Motor Vehicles revoked Cruise&#39;s license to operate without human drivers in San Francisco.
The U.S. Department of Justice and the Securities and Exchange Commission are still investigating the incident. A GM-commissioned report revealed that Cruise employees attempted to dissuade the NHTSA from launching an investigation into the pedestrian&#39;s injuries and failed to disclose that the pedestrian had been dragged.
Per Reuters, the NHTSA pointed out that Cruise filed incomplete reports for multiple crashes involving its automated driving systems, which includes two reports related to the October 2023 accident. The California Public Utilities Commission also fined GM $112,500 for not providing full details about the crash.
One month after the incident, Cruise recalled all 950 of its vehicles to update software. Under a consent order with NHTSA, Cruise is required to submit a corrective action plan outlining how it will improve compliance with regulations for crashes involving automated driving systems. The consent order lasts two years and the NHTSA holds the option to extend it for a third year.
Per Steve Kenner, Cruise&#39;s chief safety officer, the agreement with NHTSA marks a positive step in a new phase for Cruise, reflecting the company&#39;s advancements under new leadership, enhanced processes and culture and a strong commitment to increased transparency with regulators. The company is committed to working closely with the NHTSA to enhance road safety. Cruise will meet quarterly with the NHTSA to review the periodic reporting and development toward the requirements of the consent order. Cruise will submit a final report summarizing its compliance and operations 90 days before the consent order&#39;s term ends.
<h2>General Motors&#39; Zacks Rank &amp; Key Picks</h2>
GM currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Dorman Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dorm#NASDAQ">DORM</a>), Blue Bird Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blbd#NASDAQ">BLBD</a>) and BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus estimate for DORM&#39;s 2024 sales and earnings suggests year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 51 cents and 37 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for BLBD&#39;s 2024 sales and earnings suggests year-over-year growth of 17.58% and 215.89%, respectively. EPS estimates for 2024 and 2025 have improved 65 cents and 80 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for BYDDY&#39;s 2024 sales and earnings suggests year-over-year growth of 21.88% and 17.12%. EPS estimates for 2024 and 2025 have each improved by a penny in the past 60 days.
<a href="https://www.zacks.com/stock/news/2344210/general-motors-to-pay-1-5m-penalty-for-failing-a-crash-disclosure?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2344210">To read this article on Zacks.com click here.</a>

Government

Large Cap

Mid Cap

Regulations

Small Cap

BLBD

BYDDY

General Motors to Pay $1.5M Penalty for Failing a Crash Disclosure

THOR Industries, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tho#NYSE">THO</a>) has solidified its leadership in recreational vehicle (RV) innovation by introducing the THOR Test Vehicle, the world&#39;s first hybrid Class A motorhome. Built on an electric vehicle&nbsp;platform developed in collaboration with EV manufacturer Harbinger, the vehicle features a low-emissions gasoline range extender capable of recharging the battery system, with an estimated range of 500 miles.
The hybrid RVs will be available in 2025 through the THOR family of companies and are expected to meet Near-Zero Emission Vehicle standards under Advanced Clean Truck legislation adopted by the California Air Resources Board. Per Bob Martin, president and CEO of THOR Industries, the innovative hybrid platform and the ongoing partnership with Harbinger underscore THOR&#39;s leadership and introduce significant product differentiation.
The THOR Test Vehicle is uniquely designed for RV range requirements, exclusively for THOR. This is the first electrified chassis specifically tailored for Class A motorhomes. This platform aims to reduce range anxiety while enhancing travel freedom and sustainability. The hybrid chassis is powered by a 140-kWh battery pack, supplemented by a gasoline range extender and solar rooftop. Its 800-volt electrical system enables fast charging at DC Fast Charger stations, which aids extended travel. Charging can also occur at campsites, through the range extender, or via solar energy to provide flexibility for both on-road and off-grid use.
The hybrid platform can serve as a backup power source for homes and may eventually allow users to sell excess energy back to the grid. The electric powertrain delivers exceptional acceleration and torque, providing up to twice the torque of a diesel engine, ensuring strong highway performance on mountain roads and tough terrain. Harbinger&#39;s chassis design includes all the core systems of an EV, such as the drivetrain, high-voltage battery system, steering and brakes. With a double-wishbone front suspension, a steer-by-wire system and an advanced driver assistance system, the chassis ensures a smooth and safe ride, even for large vehicles.
The THOR Test Vehicle is available for test drives by RV dealers on the THOR RV Experience Track at the Elkhart Dealer Open House, the largest dealer event in North America, from Monday, Sept. 23, 2024, in Elkhart, IN. Dealers will get to experience this future-forward RV and contribute to its market launch.
<h2>THO&#39;s Zacks Rank &amp; Key Picks</h2>
THO currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Dorman Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dorm#NASDAQ">DORM</a>), Blue Bird Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blbd#NASDAQ">BLBD</a>) and Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus estimate for DORM&#39;s 2024 sales and earnings suggests year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 51 cents and 37 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for BLBD&#39;s 2024 sales and earnings suggests year-over-year growth of 17.58% and 215.89%, respectively. EPS estimates for 2024 and 2025 have improved 65 cents and 80 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for PLOW&#39;s 2024 earnings suggests year-over-year growth of 60.4%. EPS estimates for 2024 have improved 15 cents in the past 60 days.
<a href="https://www.zacks.com/stock/news/2340663/thor-harbinger-introduce-world-s-first-hybrid-class-a-motorhome?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2340663">To read this article on Zacks.com click here.</a>

Tech

PLOW

THOR & Harbinger Introduce World's First Hybrid Class A Motorhome

Li Auto Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>) reported second-quarter 2024 adjusted earnings per ADS of 20 cents, down from 36 cents reported in the year-ago quarter. Rising costs and price reductions due to higher competition amid falling EV demand resulted in a year-over-year decline. The China-based EV maker generated total revenues of $4.36 billion, up from $3.95 billion reported in the year-ago quarter on higher year-over-year vehicle deliveries. It sold 108,581 units, up from 86,533 in the second quarter of 2023.
The company reported gross profit of $850 million, down from $859.9 million in the year-ago quarter. The gross margin fell to 19.5% compared with 21.8% in the second quarter of 2023 due to a dip in vehicle margin. Research and development expenses rose to $416.6 million from $334.5 million in the second quarter of 2023 due to higher expenses to support the expanding range of products and technologies as well as increased employee compensation resulting from a larger workforce. Selling, general and administrative expenses increased to $387.4 million from $318.5 million in the year-ago period due to increased employee compensation and higher rental and other expenses on sales and servicing network expansion.
As of June 30, 2024, Li Auto had cash and cash equivalents of $11.12 billion, up from $8.38 billion as of June 30, 2023. It had a long-term debt of $1.1 billion compared with $199.9 million as of June 30, 2023.
In the second quarter of 2024, net cash used in operating activities was $59.1 million compared with net cash provided by operating activities of $1.53 billion in the second quarter of 2023. In the second quarter of 2024, Li Auto reported a negative free cash flow of $254.9 million compared with a positive free cash flow of $1.33 billion reported in the second quarter of 2023.
Li Auto&#39;s second-quarter results were also adversely affected by the costs associated with ramping up production of the new Li L6 five-seat family SUV. However, the company anticipates improvements in margins and cash flow in the second half of the year as Li L6 production stabilizes and measures to reduce costs and enhance efficiency are fully implemented. For the third quarter of 2024, Li Auto expects total vehicle deliveries in the range of 145,000-155,000, suggesting a rise of 38-47.5% from the third quarter of 2023. It expects total revenues in the range of $5.4-$5.8 billion, indicating a rise of 13.6-22.1% from the year-ago quarter.
<h2>Zacks Rank &amp; Key Picks</h2>
LI currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Dorman Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dorm#NASDAQ">DORM</a>), Blue Bird Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blbd#NASDAQ">BLBD</a>) and Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus estimate for DORM&#39;s 2024 sales and earnings suggests year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 51 cents and 37 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for BLBD&#39;s 2024 sales and earnings suggests year-over-year growth of 17.58% and 215.89%, respectively. EPS estimates for 2024 and 2025 have improved 65 cents and 80 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for PLOW&#39;s 2024 earnings suggests year-over-year growth of 60.4%. EPS estimates for 2024 have improved 15 cents in the past 30 days.
<a href="https://www.zacks.com/stock/news/2329104/li-auto-q2-earnings-fall-y-y-due-to-higher-costs-pricing-pressures?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2329104">To read this article on Zacks.com click here.</a>

Li Auto Q2 Earnings Fall Y/Y Due to Higher Costs & Pricing Pressures

Toyota Motor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) and BMW AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>) are set to deepen their collaboration on fuel cell vehicles (FCV) to boost the competitiveness of their hydrogen-powered cars.
Per Nikkei Asia, under this expanded partnership, which is expected to be officially announced on Sept. 5, 2024, Toyota will supply essential components like hydrogen tanks and fuel cell systems to BMW, which will then manufacture and sell mass-produced FCVs over the next few years.
Toyota and BMW originally teamed up on FCV development in 2012 to create greener vehicles amid stricter environmental regulations. Hydrogen fuel-cell vehicles produce only water as emissions and don&#39;t face the range anxiety associated with battery electric vehicles (BEVs). They also refuel as quickly as traditional internal-combustion-engine vehicles. However, FCVs are currently expensive to produce, resulting in low profit margins, and require hydrogen storage at extremely low temperatures. The expanded partnership aims to standardize components and reduce the cost of FCVs, which have struggled to gain popularity due to affordability issues.
Toyota, a leader in FCV technology, launched the world&#39;s first mass-produced FCV, the Mirai, in 2014. However, due to the high price of the model of more than 7 million yen compared with the average car price in Japan of 2.64 million yen in 2023, TM sold only about 26,000 units since then, making a small fraction of the company&#39;s total annual sales of more than 10 million vehicles.
Per WardsAuto, BMW has developed a concept FCV, the iX5 Hydrogen, which features two hydrogen tanks and offers a range of more than 310 miles, with a refueling time of just 3-4 minutes. Incorporating Toyota&#39;s fuel cell system could help BMW accelerate the iX5 Hydrogen&#39;s production timeline. Despite the potential of FCVs, they have not yet achieved widespread success, mainly due to the scarcity of hydrogen refueling stations. The expanded alliance is also expected to focus on the development of hydrogen infrastructure in Europe. Per the European Automobile Manufacturers&#39; Association, there are currently only 270 hydrogen filling stations, much less than 632,000 public BEV charging stations in the European Union as of the end of 2023.
<h2>Zacks Rank &amp; Key Picks</h2>
TM &amp; BMWYY currently carry a Zacks Rank #3 (Hold) each.
Some better-ranked stocks in the auto space are Dorman Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dorm#NASDAQ">DORM</a>) and Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus estimate for DORM&#39;s 2024 sales and earnings suggests year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 51 cents and 37 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for PLOW&#39;s 2024 earnings suggests year-over-year growth of 60.4%. EPS estimates for 2024 have improved 15 cents in the past 30 days.
<a href="https://www.zacks.com/stock/news/2328316/toyota-bmw-to-solidify-partnership-to-expedite-fcv-development?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2328316">To read this article on Zacks.com click here.</a>

BMWYY

Toyota & BMW to Solidify Partnership to Expedite FCV Development

Shares of Magna International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mga#NYSE">MGA</a>) have lost 7.9% since the company reported second-quarter 2024 results. The auto equipment provider reported adjusted earnings of $1.35 per share, which declined from the year-ago quarter&#39;s $1.50 and missed the Zacks Consensus Estimate of $1.46.
Net sales remained flat year over year at $11 billion and missed the Zacks Consensus Estimate of $11.11 billion.
<div class="chart_embed">
<h3>Magna International Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Magna International Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/84/1723643008.png" style="height:268px; width:574px" title="" />
Magna International Inc. price-consensus-eps-surprise-chart | Magna International Inc. Quote
</div>
<h3>Segmental Performance</h3>
The Body Exteriors &amp; Structures segment&#39;s revenues were $4.47 billion, down 2% year over year. This can be attributed to the end of production of certain programs, the weakening of foreign currencies against the U.S. dollar and customer price concessions. Revenues also lagged the Zacks Consensus Estimate of $4.59 billion. The segment reported an adjusted EBIT of $341 million, down from $394 million recorded in the year-ago period. The metric also missed the Zacks Consensus Estimate of $371 million because of higher production input costs net of customer recoveries, reduced earnings on lower sales and higher supply chain and restructuring costs.
The Power &amp; Vision segment&#39;s revenues increased 13.4% year over year to $3.93 billion on higher production on certain programs, smart pricing, the launch of new programs and benefits from acquisitions. The metric, however, missed the Zacks Consensus Estimate of $3.96 billion. Segmental adjusted EBIT rose from $124 million to $198 million due to an increase in earnings on higher sales and lower engineering costs. The metric, however, missed the Zacks Consensus Estimate of $214 million.
Revenues from the Seating Systems segment fell 9.2% year over year to $1.46 billion and missed the Zacks Consensus Estimate of $1.51 billion on customer price concessions, the end of production of certain programs and net weakening of foreign currencies against the U.S. dollar. Segmental adjusted EBIT fell from $67 million to $53 million due to reduced earnings on lower sales. The metric, however, surpassed the Zacks Consensus Estimate of $52 million.
The Complete Vehicles segment&#39;s revenues decreased 18.6% year over year to $1.24 billion and missed the Zacks Consensus Estimate of $1.26 billion due to lower assembly volumes. The segment reported an adjusted EBIT of $20 million, which fell from the $34 million reported in the year-ago period but outpaced the Zacks Consensus Estimate of $5.55 million.
<h3>Financials</h3>
Magna had $999 million in cash and cash equivalents as of Jun 30, 2024, down from $1.2 billion as of Dec 31, 2023. As of Jun 30, 2024, long-term debt was $4.86 billion, up from $4.18 billion as of Dec 31, 2023.
In the reported quarter, cash provided from operating activities totaled $736 million, up from the year-ago figure of $547 million.
The company declared a second-quarter dividend of 47.5 cents per common share. The dividend will be paid on Aug 30, 2024, to shareholders of record as of Aug 16, 2024.
<h3>Updated 2024 View</h3>
Magna has revised its full-year projections. It now expects 2024 revenues in the band of $42.5-$44.1 billion, down from $42.6-$44.2 billion guided earlier. Adjusted EBIT margin is now projected in the band of 5.4-5.8%, down from the earlier estimate of 5.4-6%. Adjusted net income is estimated between $1.5 billion and $1.7 billion. Capex is projected in the band of $2.3-$2.4 billion, down from the previous estimate of $2.4-$2.5 billion.
<h3>Zacks Rank &amp; Key Picks</h3>
MGA currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the auto space are Dorman Products, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dorm#NASDAQ">DORM</a>), BYD Company Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/byddy#OTC">BYDDY</a>) and Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The consensus estimate for DORM&#39;s 2024 sales and earnings suggests a year-over-year growth of 3.71% and 35.46%, respectively. EPS estimates for 2024 and 2025 have improved 4 cents each in the past seven days.
The Zacks Consensus Estimate for BYDDY&#39;s 2024 sales and earnings suggests year-over-year growth of 21.11% and 14.73%, respectively. EPS estimates for 2024 and 2025 have improved 14 cents and 19 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for PLOW&#39;s 2024 sales and earnings suggests year-over-year growth of 6.45% and 60.4%, respectively. EPS estimates for 2024 and 2025 have improved 15 cents and 2 cents, respectively, in the past 30 days.
<a href="https://www.zacks.com/stock/news/2322137/magna-mga-shares-fall-7-9-since-q2-earnings-miss-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2322137">To read this article on Zacks.com click here.</a>

Dividends

Magna Shares Fall 7.9% Since Q2 Earnings Miss Estimates

Press Releases

General

Aftermarket exclusives top Dorman's October new product releases

Gabelli Funds to Host 48th Annual Automotive Symposium at The Encore at Wynn, Las Vegas, Nevada

Dorman Products, Inc. Reports Third Quarter 2024 Results; Raises Full Year 2024 Earnings Guidance

Management

Dorman appoints Tayfun Uner as President of its Light Duty business segment

Dorman Products, Inc. Announces Date to Report Fourth Quarter and Full Year 2024 Financial Results

Dorman Products, Inc. Reports Fourth Quarter and Full Year 2024 Results; Issues 2025 Guidance

Dorman releases more Dorman® OE FIX™ auto repair innovations and dozens of first-to-the-aftermarket solutions

Dorman Products, Inc. Announces Date to Report First Quarter 2025 Financial Results

Dorman's Light Duty automotive segment announces more than 100 first-to-aftermarket repair solutions and innovations for April 2025

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