Sectors & Industries Consumer CyclicalAuto Parts
Best Auto Part Stocks to Buy Now (2023)
Top auto part stocks in 2023 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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
BWA	BORGWARNER INC	NYSE	Auto Parts	$11.00B	$46.97	-1.34%	$1.12B	13.58x	1.33
XPEL	XPEL INC	NASDAQ	Auto Parts	$2.17B	$78.41	-0.10%	$57.98M	55.61x	0.64
ALV	AUTOLIV INC	NYSE	Auto Parts	$7.86B	$90.53	0.29%	$970.00M	20.67x	1.95
MGA	MAGNA INTERNATIONAL INC	NYSE	Auto Parts	$18.73B	$65.06	-2.62%	$1.35B	20.02x	1.52
ALSN	ALLISON TRANSMISSION HOLDINGS INC	NYSE	Auto Parts	$4.26B	$46.04	0.20%	$902.00M	8.85x	5.03
VC	VISTEON CORP	NASDAQ	Auto Parts	$4.41B	$156.57	-1.27%	$273.00M	36.33x	3.02
MOD	MODINE MANUFACTURING CO	NYSE	Auto Parts	$1.23B	$23.66	2.82%	$172.80M	17.27x	1.91
GNTX	GENTEX CORP	NASDAQ	Auto Parts	$6.87B	$29.28	-3.11%	$460.94M	21.69x	0.14
DORM	DORMAN PRODUCTS INC	NASDAQ	Auto Parts	$3.07B	$97.70	-2.17%	$224.94M	22.36x	0.76
LKQ	LKQ CORP	NASDAQ	Auto Parts	$15.07B	$56.39	-1.90%	$1.87B	13.33x	1.21
HLLY	HOLLEY INC	NYSE	Auto Parts	$408.13M	$3.42	-1.72%	$148.37M	5.90x	2.01
LEA	LEAR CORP	NYSE	Auto Parts	$8.30B	$140.45	-0.47%	$1.01B	36.29x	2.08
PLOW	DOUGLAS DYNAMICS INC	NYSE	Auto Parts	$935.84M	$40.89	-0.80%	$76.88M	26.90x	1.84
LIDR	AEYE INC	NASDAQ	Auto Parts	$131.10M	$0.81	-7.18%	-$94.61M	-1.18x	0.36
SMP	STANDARD MOTOR PRODUCTS INC	NYSE	Auto Parts	$889.12M	$41.22	-1.20%	$128.18M	13.65x	1.18
STRT	STRATTEC SECURITY CORP	NASDAQ	Auto Parts	$86.68M	$21.59	-3.18%	$26.53M	11.86x	0.53
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	NASDAQ	Auto Parts	$227.89M	$0.71	1.00%	-$16.83M	N/A	0.11
GT	GOODYEAR TIRE & RUBBER CO	NASDAQ	Auto Parts	$3.17B	$11.20	-2.27%	$2.08B	3.53x	3.56
EVTV	ENVIROTECH VEHICLES INC	NASDAQ	Auto Parts	$58.28M	$3.88	-0.89%	-$8.57M	-5.88x	0.02
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	NASDAQ	Auto Parts	$243.38M	$8.06	-16.13%	$55.52M	11.19x	1.18
WPRT	WESTPORT FUEL SYSTEMS INC	NASDAQ	Auto Parts	$212.41M	$1.24	0.00%	$6.11M	-24.80x	0.85
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	NYSE	Auto Parts	$1.09B	$9.48	-1.25%	$666.60M	316.00x	10.67
AEVA	AEVA TECHNOLOGIES INC	NYSE	Auto Parts	$423.37M	$1.94	1.57%	-$130.82M	-3.08x	0.06
MLR	MILLER INDUSTRIES INC	NYSE	Auto Parts	$332.34M	$29.11	-0.55%	$32.09M	24.26x	0.65
KNDI	KANDI TECHNOLOGIES GROUP INC	NASDAQ	Auto Parts	$188.57M	$2.54	-2.31%	$3.57M	-31.75x	0.20
WKSP	WORKSPORT LTD	NASDAQ	Auto Parts	$26.13M	$1.52	-2.56%	-$11.90M	-1.88x	0.33
CVGI	COMMERCIAL VEHICLE GROUP INC	NASDAQ	Auto Parts	$277.00M	$8.30	-2.24%	$44.88M	21.28x	2.84
DAN	DANA INC	NYSE	Auto Parts	$2.68B	$18.68	-0.85%	$558.00M	-71.85x	3.57
MNRO	MONRO INC	NASDAQ	Auto Parts	$1.64B	$52.19	-2.56%	$164.71M	36.50x	1.57
HYLN	HYLIION HOLDINGS CORP	NYSE	Auto Parts	$634.39M	$3.53	-3.81%	-$151.61M	-4.01x	0.06
THRM	GENTHERM INC	NASDAQ	Auto Parts	$2.43B	$73.15	-0.34%	$106.83M	49.76x	0.99
INVZ	INNOVIZ TECHNOLOGIES LTD	NASDAQ	Auto Parts	$739.03M	$5.45	-3.37%	-$122.40M	-6.19x	0.29
APTV	APTIV PLC	NYSE	Auto Parts	$31.15B	$114.95	-0.67%	$1.43B	99.09x	1.41
GGR	GOGORO INC	NASDAQ	Auto Parts	$1.13B	$4.76	-4.99%	-$61.86M	-8.50x	1.99
SPRU	SPRUCE POWER HOLDING CORP	NYSE	Auto Parts	$188.80M	$1.31	-2.24%	-$60.17M	-2.85x	1.76
GTX	GARRETT MOTION INC	NASDAQ	Auto Parts	$558.73M	$8.62	1.41%	$620.00M	-4.03x	-26.52
CPS	COOPER-STANDARD HOLDINGS INC	NYSE	Auto Parts	$301.27M	$17.61	3.16%	$35.00k	-1.32x	10.64
SYPR	SYPRIS SOLUTIONS INC	NASDAQ	Auto Parts	$42.53M	$1.92	2.13%	$3.86M	-19.20x	4.26
QS	QUANTUMSCAPE CORP	NYSE	Auto Parts	$4.08B	$9.35	1.30%	-$338.32M	-10.87x	0.11
SES	SES AI CORP	NYSE	Auto Parts	$1.19B	$3.40	-0.29%	-$53.13M	-2.38x	0.12
SRI	STONERIDGE INC	NYSE	Auto Parts	$645.73M	$23.63	-0.51%	$16.88M	-31.93x	1.40
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	NYSE	Auto Parts	$157.77M	$5.84	3.36%	$165.90M	-8.11x	-14.15
MPAA	MOTORCAR PARTS OF AMERICA INC	NASDAQ	Auto Parts	$299.49M	$15.42	-2.16%	$42.99M	-73.43x	2.27
UFAB	UNIQUE FABRICATING INC	NYSEMKT	Auto Parts	$9.15M	$0.78	0.00%	-$14.50M	-0.39x	7.93
ADNT	ADIENT PLC	NYSE	Auto Parts	$4.33B	$45.67	-1.10%	$539.00M	-35.96x	3.27
ALLG	ALLEGO NV	NYSE	Auto Parts	$1.30B	$4.86	4.07%	N/A	N/A	3.79
HZN	HORIZON GLOBAL CORP	NYSE	Auto Parts	$48.81M	$1.76	1.15%	-$38.80M	-0.54x	-4.85

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in Feb 2023?

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 60, which is 28 points higher than the auto part industry average of 32. It passed 21 out of 38 due diligence checks and has strong fundamentals. Borgwarner has seen its stock return 8.28% over the past year, overperforming other auto part stocks by 10 percentage points.

Borgwarner has an average 1 year price target of $47.25, an upside of 0.6% from Borgwarner's current stock price of $46.97.

Borgwarner stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Borgwarner, 25% have issued a Strong Buy rating, 12.5% have issued a Buy, 62.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Xpel (NASDAQ:XPEL)

Xpel (NASDAQ:XPEL) is the second best auto part stock with a Zen Score of 55, which is 23 points higher than the auto part industry average of 32. It passed 19 out of 33 due diligence checks and has strong fundamentals. Xpel has seen its stock return 34.1% over the past year, overperforming other auto part stocks by 36 percentage points.

Xpel has an average 1 year price target of $104.00, an upside of 32.64% from Xpel's current stock price of $78.41.

Xpel stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Xpel, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Autoliv (NYSE:ALV)

Autoliv (NYSE:ALV) is the third best auto part stock with a Zen Score of 53, which is 21 points higher than the auto part industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Autoliv has seen its stock lose -10.83% over the past year, underperforming other auto part stocks by -9 percentage points.

Autoliv has an average 1 year price target of $98.78, an upside of 9.11% from Autoliv's current stock price of $90.53.

Autoliv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Autoliv, 44.44% have issued a Strong Buy rating, 11.11% have issued a Buy, 44.44% 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 2.85%, which is 1 percentage points higher than the auto part industry average of 2.27%. 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 58.4% indicates that its dividend yield is sustainable for the long-term.

2. Douglas Dynamics (NYSE:PLOW)

Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 2.84%, which is 1 percentage points higher than the auto part industry average of 2.27%. 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 76% indicates that its dividend yield is sustainable for the long-term.

3. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) has an annual dividend yield of 2.77%, which is the same as the auto part industry average of 2.27%. Magna International's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Magna International's dividend has shown consistent growth over the last 10 years.

Magna International's dividend payout ratio of 54.8% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks down?

Auto part stocks were down -1.06% in the last day, and up 3.25% over the last week.

We couldn't find a catalyst for why auto part stocks are down.

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. Strattec Security (NASDAQ:STRT)

Strattec Security (NASDAQ:STRT) is the most undervalued auto part stock based on WallStreetZen's Valuation Score. Strattec Security has a valuation score of 86, which is 57 points higher than the auto part industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Strattec Security's stock has dropped -43.03% in the past year. It has underperformed other stocks in the auto part industry by -41 percentage points.

2. Goodyear Tire & Rubber Co (NASDAQ:GT)

Goodyear Tire & Rubber Co (NASDAQ:GT) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Goodyear Tire & Rubber Co has a valuation score of 71, which is 42 points higher than the auto part industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Goodyear Tire & Rubber Co's stock has dropped -46.39% in the past year. It has underperformed other stocks in the auto part industry by -44 percentage points.

3. Borgwarner (NYSE:BWA)

Borgwarner (NYSE:BWA) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Borgwarner has a valuation score of 71, which is 42 points higher than the auto part industry average of 29. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has gained 8.28% in the past year. It has overperformed other stocks in the auto part industry by 10 percentage points.

Are auto part stocks a good buy now?

43.18% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 12.15% 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 34.1x.

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.