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Best Auto Part Stocks to Buy Now (2022)
Top auto part stocks in 2022 ranked by overall Zen Score. See the best auto part stocks to buy now, according to analyst forecasts for the auto parts industry.

Industry: Auto Parts
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
BWA
BORGWARNER INC
NYSE
Auto Parts
$8.97B$37.45-1.96%$958.00M13.33x1.33
ALV
AUTOLIV INC
NYSE
Auto Parts
$6.45B$73.85-3.15%$962.00M17.88x1.92
MGA
MAGNA INTERNATIONAL INC
NYSE
Auto Parts
$17.92B$60.41-3.36%$1.60B14.28x1.44
CVGI
COMMERCIAL VEHICLE GROUP INC
NASDAQ
Auto Parts
$201.96M$6.13-0.97%$52.87M10.22x3.21
DAN
DANA INC
NYSE
Auto Parts
$2.10B$14.64-3.81%$730.00M14.79x3.04
XPEL
XPEL INC
NASDAQ
Auto Parts
$1.28B$46.18-6.39%$46.84M39.47x1.04
MTOR
MERITOR INC
NYSE
Auto Parts
$2.56B$36.060.03%$301.00M11.63x3.83
WPRT
WESTPORT FUEL SYSTEMS INC
NASDAQ
Auto Parts
$184.87M$1.08-7.69%$34.30M6.35x0.89
SMP
STANDARD MOTOR PRODUCTS INC
NYSE
Auto Parts
$842.21M$38.580.63%$150.10M9.55x1.12
LKQ
LKQ CORP
NASDAQ
Auto Parts
$13.84B$48.93-0.73%$1.76B13.01x1.21
GNTX
GENTEX CORP
NASDAQ
Auto Parts
$6.92B$29.50-0.41%$482.60M20.92x0.13
ALSN
ALLISON TRANSMISSION HOLDINGS INC
NYSE
Auto Parts
$3.66B$37.70-0.84%$848.00M8.61x5.67
LEA
LEAR CORP
NYSE
Auto Parts
$7.65B$127.92-3.55%$989.70M35.05x1.91
MOD
MODINE MANUFACTURING CO
NYSE
Auto Parts
$444.90M$8.57-0.46%$134.90M7.26x2.19
KNDI
KANDI TECHNOLOGIES GROUP INC
NASDAQ
Auto Parts
$186.99M$2.47-2.76%$45.35M6.68x0.15
THRM
GENTHERM INC
NASDAQ
Auto Parts
$2.13B$64.32-1.29%$130.21M29.50x0.48
STRT
STRATTEC SECURITY CORP
NASDAQ
Auto Parts
$125.77M$31.75-1.40%$30.28M12.75x0.52
PLOW
DOUGLAS DYNAMICS INC
NYSE
Auto Parts
$688.21M$30.07-0.46%$62.40M27.59x1.66
WKSP
WORKSPORT LTD
NASDAQ
Auto Parts
$34.17M$2.01-3.37%-$9.09M-3.00x0.07
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
NASDAQ
Auto Parts
$90.40M$2.931.03%$40.74M11.27x1.20
VC
VISTEON CORP
NASDAQ
Auto Parts
$2.84B$100.99-2.21%$192.00M60.11x2.96
AEVA
AEVA TECHNOLOGIES INC
NYSE
Auto Parts
$580.76M$2.68-7.59%-$111.63M-4.96x0.05
LIDR
AEYE INC
NASDAQ
Auto Parts
$766.32M$4.87-4.13%-$72.57M-3.16x0.21
DORM
DORMAN PRODUCTS INC
NASDAQ
Auto Parts
$3.06B$97.422.09%$214.59M23.09x0.80
MPAA
MOTORCAR PARTS AMERICA INC
NASDAQ
Auto Parts
$265.90M$13.920.51%$49.49M31.64x2.00
MLR
MILLER INDUSTRIES INC
NYSE
Auto Parts
$277.77M$24.330.75%$32.91M18.43x0.62
GTX
GARRETT MOTION INC
NASDAQ
Auto Parts
$369.62M$5.73-0.35%$930.00M1.66x-8.53
ADNT
ADIENT PLC
NYSE
Auto Parts
$2.89B$30.44-4.31%$1.59B3.80x3.16
APTV
APTIV PLC
NYSE
Auto Parts
$24.67B$91.07-3.12%$1.38B76.53x1.41
MNRO
MONRO INC
NASDAQ
Auto Parts
$1.45B$43.210.54%$183.09M23.74x1.39
SYPR
SYPRIS SOLUTIONS INC
NASDAQ
Auto Parts
$46.00M$2.08-3.70%$10.82M9.45x2.99
GT
GOODYEAR TIRE & RUBBER CO
NASDAQ
Auto Parts
$3.21B$11.36-4.38%$1.96B3.58x3.36
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
NASDAQ
Auto Parts
$286.51M$0.89-6.72%-$15.79M-17.76x0.10
HYLN
HYLIION HOLDINGS CORP
NYSE
Auto Parts
$521.52M$3.00-4.15%-$104.83M-4.92x0.04
RMO
ROMEO POWER INC
NYSE
Auto Parts
$122.80M$0.81-8.76%-$160.30M-0.66x0.28
SRI
STONERIDGE INC
NYSE
Auto Parts
$503.15M$18.42-4.41%$38.55M-122.80x1.21
ALLG
ALLEGO NV
NYSE
Auto Parts
$2.24B$8.393.71%-$323.30M-0.00x-3.86
XL
XL FLEET CORP
NYSE
Auto Parts
$166.27M$1.17-4.88%-$47.07M-3.34x0.06
INVZ
INNOVIZ TECHNOLOGIES LTD
NASDAQ
Auto Parts
$522.13M$3.89-4.89%-$158.19M-3.24x0.19
TEN
TENNECO INC
NYSE
Auto Parts
$1.35B$16.25-0.98%$951.00M-19.58x212.38
QS
QUANTUMSCAPE CORP
NYSE
Auto Parts
$4.66B$10.82-8.31%-$40.58M-83.23x0.09
SES
SES AI CORP
NYSE
Auto Parts
$2.28B$6.55-9.66%-$56.42M-1.78x0.21
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
NYSE
Auto Parts
$778.51M$6.80-5.69%$669.30M-25.19x10.82
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
NYSE
Auto Parts
$101.77M$3.79-5.01%$150.77M-2.89x-24.42
CPS
COOPER-STANDARD HOLDINGS INC
NYSE
Auto Parts
$79.85M$4.68-3.51%-$100.71M-0.23x7.30
HLLY
HOLLEY INC
NYSE
Auto Parts
$1.16B$9.750.31%$68.16MN/A2.68
HZN
HORIZON GLOBAL CORP
NYSE
Auto Parts
$60.74M$2.20-7.17%$5.19M-1.38x-10.04
UFAB
UNIQUE FABRICATING INC
NYSEMKT
Auto Parts
$16.07M$1.37-4.86%$103.00k-2.21x2.46
GGR
GOGORO INC
NASDAQ
Auto Parts
$976.75M$4.10-4.87%$18.94M-2.81x8.96

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in May 2022?

According to Zen Score, the 3 best auto part stocks to buy right now are:

1. BORGWARNER (NYSE:BWA)


BORGWARNER (NYSE:BWA) is the top auto part stock with a Zen Score of 69, which is 30 points higher than the auto part industry average of 39. It passed 25 out of 38 due diligence checks and has strong fundamentals. BORGWARNER has seen its stock lose -25.32% over the past year, overperforming other auto part stocks by 4 percentage points.

BORGWARNER has an average 1 year price target of $47.17, an upside of 25.95% from BORGWARNER's current stock price of $37.45.

BORGWARNER stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering BORGWARNER, 16.67% have issued a Strong Buy rating, 0% have issued a Buy, 83.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. AUTOLIV (NYSE:ALV)


AUTOLIV (NYSE:ALV) is the second best auto part stock with a Zen Score of 67, which is 28 points higher than the auto part industry average of 39. It passed 24 out of 38 due diligence checks and has strong fundamentals. AUTOLIV has seen its stock lose -28.84% over the past year.

AUTOLIV has an average 1 year price target of $96.70, an upside of 30.94% from AUTOLIV's current stock price of $73.85.

AUTOLIV stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering AUTOLIV, 36.36% have issued a Strong Buy rating, 27.27% have issued a Buy, 27.27% have issued a hold, while 9.09% have issued a Sell rating, and 0% have issued a Strong Sell.

3. MAGNA INTERNATIONAL (NYSE:MGA)


MAGNA INTERNATIONAL (NYSE:MGA) is the third best auto part stock with a Zen Score of 64, which is 25 points higher than the auto part industry average of 39. It passed 23 out of 38 due diligence checks and has strong fundamentals. MAGNA INTERNATIONAL has seen its stock lose -37.93% over the past year, underperforming other auto part stocks by -9 percentage points.

MAGNA INTERNATIONAL has an average 1 year price target of $78.13, an upside of 29.32% from MAGNA INTERNATIONAL's current stock price of $60.41.

MAGNA INTERNATIONAL stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering MAGNA INTERNATIONAL, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the auto part stocks with highest dividends?

Out of 12 auto part stocks that have issued dividends in the past year, the 3 auto part stocks with the highest dividend yields are:

1. AUTOLIV (NYSE:ALV)


AUTOLIV (NYSE:ALV) has an annual dividend yield of 4.28%, which is 2 percentage points higher than the auto part industry average of 2.55%. AUTOLIV's dividend payout is stable, having never dropped by more than 10% in the last 10 years. AUTOLIV's dividend has shown consistent growth over the last 10 years.

AUTOLIV's dividend payout ratio of 61% indicates that its high dividend yield is sustainable for the long-term.

2. DOUGLAS DYNAMICS (NYSE:PLOW)


DOUGLAS DYNAMICS (NYSE:PLOW) has an annual dividend yield of 3.81%, which is 1 percentage points higher than the auto part industry average of 2.55%. DOUGLAS DYNAMICS's dividend payout is stable, having never dropped by more than 10% in the last 10 years. DOUGLAS DYNAMICS's dividend has shown consistent growth over the last 10 years.

DOUGLAS DYNAMICS's dividend payout ratio of 105% indicates that its dividend yield might not be sustainable for the long-term.

3. MILLER INDUSTRIES (NYSE:MLR)


MILLER INDUSTRIES (NYSE:MLR) has an annual dividend yield of 2.96%, which is the same as the auto part industry average of 2.55%. MILLER INDUSTRIES's dividend payout is stable, having never dropped by more than 10% in the last 10 years. MILLER INDUSTRIES's dividend has shown consistent growth over the last 10 years.

MILLER INDUSTRIES's dividend payout ratio of 54.5% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks down?

Auto part stocks were down -2.01% in the last day, and down -5.27% over the last week. SES AI was the among the top losers in the auto parts industry, dropping -9.66% yesterday.

Shares of several companies in the broader industrial space are trading lower amid a continued selloff in stocks.

What are the most undervalued auto part stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued auto part stocks right now are:

1. CHINA AUTOMOTIVE SYSTEMS (NASDAQ:CAAS)


CHINA AUTOMOTIVE SYSTEMS (NASDAQ:CAAS) is the most undervalued auto part stock based on WallStreetZen's Valuation Score. CHINA AUTOMOTIVE SYSTEMS has a valuation score of 100, which is 62 points higher than the auto part industry average of 38. It passed 7 out of 7 valuation due diligence checks.

CHINA AUTOMOTIVE SYSTEMS's stock has dropped -32.33% in the past year. It has underperformed other stocks in the auto part industry by -3 percentage points.

2. STRATTEC SECURITY (NASDAQ:STRT)


STRATTEC SECURITY (NASDAQ:STRT) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. STRATTEC SECURITY has a valuation score of 86, which is 48 points higher than the auto part industry average of 38. It passed 6 out of 7 valuation due diligence checks.

STRATTEC SECURITY's stock has dropped -35.43% in the past year. It has underperformed other stocks in the auto part industry by -6 percentage points.

3. COMMERCIAL VEHICLE GROUP (NASDAQ:CVGI)


COMMERCIAL VEHICLE GROUP (NASDAQ:CVGI) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. COMMERCIAL VEHICLE GROUP has a valuation score of 86, which is 48 points higher than the auto part industry average of 38. It passed 6 out of 7 valuation due diligence checks.

COMMERCIAL VEHICLE GROUP's stock has dropped -51.35% in the past year. It has underperformed other stocks in the auto part industry by -22 percentage points.

Are auto part stocks a good buy now?

46.67% of auto part stocks rated by analysts are a strong buy right now. On average, analysts expect auto part stocks to rise by 49.29% over the next year.

What is the average p/e ratio of the auto parts industry?

The average P/E ratio of the auto parts industry is 22.69x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.