How to Buy Dorman Products Stock
Dorman Products Inc
Dorman Products, Inc. supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide.
Dorman Products stock last closed at $89.81, down 0.45% from the previous day, and has increased 4.02% in one year. It has overperformed other stocks in the Auto Parts industry by 0.12 percentage points. Dorman Products stock is currently +49.66% from its 52-week low of $60.01, and -8.87% from its 52-week high of $98.55.
At the moment, there are 31.09M DORM shares outstanding. The market value of DORM is $2.79B. In the past 24 hours, 64,100 DORM shares were traded.
How to Buy Dorman Products Stock
Not sure how to invest in Dorman Products stock? Here's how.
- Figure out where to buy Dorman Products stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Dorman Products stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your payment method and add your info.
- Evaluate Dorman Products stock: The Dorman Products ticker symbol is DORM. Is Dorman Products stock a good investment? Should you buy shares of DORM? How do DORM's underlying business fundamentals look? Do top analysts think Dorman Products is a good buy? Why has DORM's stock price moved recently? (Hint: Our stock research tools can help you evaluate if DORM is a good stock to buy).
- Execute your DORM purchase: Decide if you will purchase DORM shares at the current market price or use a limit order to purchase DORM stock at a specific price.
- Keep an eye on your DORM investment: Create a watchlist to the latest updates on your position in Dorman Products shares.
Step 1: Figure out where to buy Dorman Products stock
You need an online brokerage account in order to access the NASDAQ market and buy DORM shares.
Our favorite brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world markets: From Technology to Real Estate, New York to London — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal details so you are able to invest in DORM stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have created your account on mobile trading apps, you need to deposit funds:
Check out the video below to see the process of transferring money into your new investment account.
Step 4: Evaluate Dorman Products stock
Once you have chosen the best place to buy Dorman Products stock, it's very important to analyze their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.
Dorman Products quick stats
DORM Fundamentals
WallStreetZen was built to help part-time investors do more accurate fundamental analysis quickly.
You can see all of the due diligence checks on DORM's stock page.
Is DORM stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DORM's intrinsic value.
Using relative valuations metrics:
- DORM could be undervalued based on its P/E ratio of 21.85x, relative to Auto Parts industry P/E ratio of -163.02x
- DORM may be overvalued based on its P/B ratio of 2.39x, relative to Auto Parts industry P/B ratio of 1.8x
- DORM may be undervalued based on its PEG ratio of 0.51x
You can do additional valuation research on DORM's stock here.
A look at DORM Cashflows and Balance Sheet
Pros:
- There are more short-term assets than short-term liabilities on the DORM balance sheet.
- DORM's operating cash flow of $208.76M allows it to safely service it's debt of $666.89M.
- There are more short-term assets than long-term liabilities on the DORM balance sheet.
Cons:
- DORM earnings of $216.56M is not sufficient to cover its interest payments.
- DORM profit margin has gone down from 7% to 6.7% in the past year.
- Total DORM debt is higher than 5 years ago, relative to shareholder equity.
- DORM has a relatively high debt to equity ratio of 0.96.
Is Dorman Products stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who give ratings on DORM, the consensus analyst rating on DORM is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are projecting on the Dorman Products stock forecast page.
DORM Trading Indicators
DORM Growth Metrics
Last year, DORM earnings were $129.26M. Over the last five year, DORM's earnings have increased by 0.34% per year. This was slower than the Auto Parts industry average of 4.36%.
Last year, DORM revenue was $1.93B. In the last 5 year, DORM's revenue has increased by 14.66% per year. This was faster than the Auto Parts industry average of 10.73%.
Dig into DORM's earnings and revenue performance here.
What are DORM executives and large shareholders up to?
In the last year, executives and large shareholders at DORM have sold more shares than they have bought.
Donna M. Long, SVP CIO of DORM, was the latest DORM insider to sell. They sold $32,854.61 worth of DORM stock on Mar 6, 2024.
Research more about who owns DORM stock here.
Can I rely on DORM as an income stream?
No, Dorman Products doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your DORM purchase
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open Trade button and eToro will place your order.
If you want more info about buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your DORM investment
Now that you own some DORM stock, you'll want to stay up-to-date on your new company.
Add DORM to a watchlist to get alerted to the latest events about your DORM stock.
DORM Feed
How to Buy Stock in Dorman Products
To reiterate, here are the 6 steps for buying Dorman Products stock:
- Figure out where to buy Dorman Products stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Dorman Products stock
- Execute your DORM purchase
- Keep an eye on your DORM investment
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Dorman Products, click below.
More Content You Might Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.