One company that should be on your radar is Remy International, Inc. (REMY). The stock of this company in Auto/Truck Replacement space has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For REMY’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to just no downward revision. This trend has helped the consensus estimate to trend higher, going from $1.66 a share a month ago to its current level at $1.73.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, REMY has seen some pretty solid trading lately, as the company has moved higher by 13.8% in the past month.
If Remy can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put REMY on your watch list for the future.
Other top-ranked stocks worth considering in this space include Douglas Dynamics, Inc. (PLOW), Motorcar Parts of America Inc. (MPAA), and Dorman Products, Inc. (DORM). While Douglas Dynamics and Motorcar Parts carry a Zacks Rank #1 (Strong Buy), Dorman Products holda a Zacks Rank #2 (Buy).
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REMY INTERNATIONAL INC (REMY): Free Stock Analysis Report
DOUGLAS DYNAMICS INC (PLOW): Free Stock Analysis Report
MOTORCAR PARTS AMERICA INC (MPAA): Free Stock Analysis Report
DORMAN PRODUCTS INC (DORM): Free Stock Analysis Report
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