Dorman Products saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 94 the day before.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Dorman Products is currently extended beyond a proper buy zone after clearing the 119.28 buy point in a flat base.
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The stock earns a 96 EPS Rating, which means its recent quarterly and annual earnings growth tops 96% 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 40% increase in earnings for Q3. Top line growth came in at 3%, down from 5% in the previous quarter.
Dorman Products holds the No. 1 rank among its peers in the Auto/Truck-Replacement Parts industry group. XPEL and Standard Motor Products are also among the group's highest-rated stocks.
