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Fly News Breaks for July 31, 2018
DORM
Jul 31, 2018 | 16:44 EDT
Barrington analyst Gary Prestopino kept his Market Perform rating on Dorman Products but raised his FY18 EPS view to $4.15 from $4.10 after the company's Q2 EPS beat. The analyst notes that the company's growth remains fueled by market share gains given the "aging car parc", with car owners keeping their vehicles longer through performing the necessary maintenance. Prestopino also cites higher miles driven and unique competitive advantages that include a feedback network as positives for Dorman Products.
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