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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
MOD
MODINE MANUFACTURING CO
NYSE
Auto Parts
$710.48M$13.66-2.78%$186.10M7.34x2.22
CVGI
COMMERCIAL VEHICLE GROUP INC
NASDAQ
Auto Parts
$150.32M$4.50-2.81%$48.80M8.65x3.17
VC
VISTEON CORP
NASDAQ
Auto Parts
$3.41B$121.123.30%$228.00M41.48x2.86
BWA
BORGWARNER INC
NYSE
Auto Parts
$8.11B$34.240.20%$929.00M12.73x1.30
XPEL
XPEL INC
NASDAQ
Auto Parts
$1.81B$65.512.36%$50.45M53.26x0.83
ALV
AUTOLIV INC
NYSE
Auto Parts
$6.46B$74.180.77%$915.00M19.27x1.76
DAN
DANA INC
NYSE
Auto Parts
$1.85B$12.93-0.23%$686.00M19.01x3.15
MGA
MAGNA INTERNATIONAL INC
NYSE
Auto Parts
$14.80B$50.84-0.04%$979.00M22.30x1.45
GNTX
GENTEX CORP
NASDAQ
Auto Parts
$5.86B$24.93-0.12%$465.04M18.33x0.15
LKQ
LKQ CORP
NASDAQ
Auto Parts
$13.71B$49.98-0.50%$1.89B11.79x1.17
ALSN
ALLISON TRANSMISSION HOLDINGS INC
NYSE
Auto Parts
$3.41B$35.42-1.03%$863.00M7.65x5.05
PLOW
DOUGLAS DYNAMICS INC
NYSE
Auto Parts
$659.60M$28.82-2.04%$69.14M23.06x1.79
SMP
STANDARD MOTOR PRODUCTS INC
NYSE
Auto Parts
$719.98M$33.63-0.47%$141.64M9.09x1.19
LIDR
AEYE INC
NASDAQ
Auto Parts
$187.97M$1.180.85%-$88.56M-1.71x0.26
STRT
STRATTEC SECURITY CORP
NASDAQ
Auto Parts
$89.34M$22.555.42%$27.05M12.39x0.52
LEA
LEAR CORP
NYSE
Auto Parts
$7.68B$129.340.93%$871.20M68.80x1.98
THRM
GENTHERM INC
NASDAQ
Auto Parts
$1.85B$55.890.72%$110.80M34.08x0.47
MPAA
MOTORCAR PARTS OF AMERICA INC
NASDAQ
Auto Parts
$310.90M$16.170.31%$50.75M50.53x2.18
AEVA
AEVA TECHNOLOGIES INC
NYSE
Auto Parts
$472.63M$2.172.84%-$121.63M-3.68x0.05
MNRO
MONRO INC
NASDAQ
Auto Parts
$1.51B$46.781.50%$181.28M27.20x1.36
KNDI
KANDI TECHNOLOGIES GROUP INC
NASDAQ
Auto Parts
$176.55M$2.331.75%-$5.21M-12.26x0.19
WKSP
WORKSPORT LTD
NASDAQ
Auto Parts
$29.05M$1.70-1.16%-$11.34M-2.15x0.30
MLR
MILLER INDUSTRIES INC
NYSE
Auto Parts
$256.76M$22.49-0.13%$29.67M20.82x0.73
DORM
DORMAN PRODUCTS INC
NASDAQ
Auto Parts
$2.72B$86.611.68%$223.75M19.51x0.78
ADNT
ADIENT PLC
NYSE
Auto Parts
$2.95B$31.10-0.99%$1.60B3.68x3.23
EVTV
ENVIROTECH VEHICLES INC
NASDAQ
Auto Parts
$62.25M$4.15-1.89%-$9.56M-6.19x0.02
GT
GOODYEAR TIRE & RUBBER CO
NASDAQ
Auto Parts
$3.17B$11.22-1.92%$2.16B3.22x3.39
HLLY
HOLLEY INC
NYSE
Auto Parts
$469.33M$3.94-2.23%$82.53M131.33x2.28
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
NASDAQ
Auto Parts
$128.78M$4.203.19%$49.83M8.94x1.16
APTV
APTIV PLC
NYSE
Auto Parts
$23.94B$88.371.46%$1.18B210.40x1.44
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
NASDAQ
Auto Parts
$175.59M$0.54-3.03%-$16.28M-7.77x0.11
HYLN
HYLIION HOLDINGS CORP
NYSE
Auto Parts
$482.07M$2.77-3.15%-$114.98M-4.13x0.05
RMO
ROMEO POWER INC
NYSE
Auto Parts
$79.94M$0.433.86%-$171.75M-0.34x0.31
WPRT
WESTPORT FUEL SYSTEMS INC
NASDAQ
Auto Parts
$155.98M$0.91-3.19%$12.55M-91.10x0.85
XL
XL FLEET CORP
NYSE
Auto Parts
$126.54M$0.89-1.55%-$49.03M-2.47x0.06
GGR
GOGORO INC
NASDAQ
Auto Parts
$912.43M$3.831.86%-$163.96M-2.92x3.43
INVZ
INNOVIZ TECHNOLOGIES LTD
NASDAQ
Auto Parts
$733.02M$5.430.93%-$115.65M-6.54x0.24
SRI
STONERIDGE INC
NYSE
Auto Parts
$470.01M$17.200.00%$5.10M-14.96x1.34
QS
QUANTUMSCAPE CORP
NYSE
Auto Parts
$3.96B$9.15-1.08%-$212.19M-16.64x0.10
SES
SES AI CORP
NYSE
Auto Parts
$1.89B$5.42-0.91%-$36.21M-2.54x0.10
GTX
GARRETT MOTION INC
NASDAQ
Auto Parts
$396.60M$6.120.00%$589.00M-3.17x-11.66
ALLG
ALLEGO NV
NYSE
Auto Parts
$1.23B$4.62-3.35%-$446.81M-0.00x2.85
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
NYSE
Auto Parts
$88.07M$3.26-2.69%$161.78M-3.33x-15.88
CPS
COOPER-STANDARD HOLDINGS INC
NYSE
Auto Parts
$116.66M$6.823.49%-$54.58M-0.36x8.44
TEN
TENNECO INC
NYSE
Auto Parts
$1.51B$18.100.50%$847.00M-8.42x-42.56
HZN
HORIZON GLOBAL CORP
NYSE
Auto Parts
$33.49M$1.21-0.82%-$18.82M-0.49x-8.16
SYPR
SYPRIS SOLUTIONS INC
NASDAQ
Auto Parts
$46.48M$2.103.96%$6.56M210.00x2.89
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
NYSE
Auto Parts
$918.70M$8.020.88%$645.50M-38.19x11.30
UFAB
UNIQUE FABRICATING INC
NYSEMKT
Auto Parts
$6.57M$0.565.66%-$9.77M-0.44x3.79

Auto Part Stocks FAQ

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

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

1. Modine Manufacturing Co (NYSE:MOD)


Modine Manufacturing Co (NYSE:MOD) is the top auto part stock with a Zen Score of 62, which is 26 points higher than the auto part industry average of 36. It passed 20 out of 33 due diligence checks and has strong fundamentals. Modine Manufacturing Co has seen its stock return 18.68% over the past year, overperforming other auto part stocks by 42 percentage points.

Modine Manufacturing Co has an average 1 year price target of $19.50, an upside of 42.75% from Modine Manufacturing Co's current stock price of $13.66.

Modine Manufacturing Co stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Modine Manufacturing Co, 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.

2. Commercial Vehicle Group (NASDAQ:CVGI)


Commercial Vehicle Group (NASDAQ:CVGI) is the second best auto part stock with a Zen Score of 61, which is 25 points higher than the auto part industry average of 36. It passed 19 out of 33 due diligence checks and has strong fundamentals. Commercial Vehicle Group has seen its stock lose -53.37% over the past year, underperforming other auto part stocks by -30 percentage points.

Commercial Vehicle Group has an average 1 year price target of $10.00, an upside of 122.22% from Commercial Vehicle Group's current stock price of $4.50.

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

3. Visteon (NASDAQ:VC)


Visteon (NASDAQ:VC) is the third best auto part stock with a Zen Score of 61, which is 25 points higher than the auto part industry average of 36. It passed 20 out of 33 due diligence checks and has strong fundamentals. Visteon has seen its stock return 26.22% over the past year, overperforming other auto part stocks by 50 percentage points.

Visteon has an average 1 year price target of $134.67, an upside of 11.18% from Visteon's current stock price of $121.12.

Visteon stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Visteon, 41.67% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 8.33% 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. Douglas Dynamics (NYSE:PLOW)


Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 4.01%, which is 1 percentage points higher than the auto part industry average of 2.78%. 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 92% indicates that its dividend yield might not be sustainable for the long-term.

2. Magna International (NYSE:MGA)


Magna International (NYSE:MGA) has an annual dividend yield of 3.5%, which is 1 percentage points higher than the auto part industry average of 2.78%. 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 77.2% indicates that its dividend yield is sustainable for the long-term.

3. Autoliv (NYSE:ALV)


Autoliv (NYSE:ALV) has an annual dividend yield of 3.45%, which is 1 percentage points higher than the auto part industry average of 2.78%. 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 66% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 0.84% in the last day, and up 6.71% over the last week.

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

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. Commercial Vehicle Group (NASDAQ:CVGI)


Commercial Vehicle Group (NASDAQ:CVGI) is the 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 -53.37% in the past year. It has underperformed other stocks in the auto part industry by -30 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 -42.46% in the past year. It has underperformed other stocks in the auto part industry by -19 percentage points.

3. Monro (NASDAQ:MNRO)


Monro (NASDAQ:MNRO) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Monro has a valuation score of 71, which is 33 points higher than the auto part industry average of 38. It passed 5 out of 7 valuation due diligence checks.

Monro's stock has dropped -15.61% in the past year. It has overperformed other stocks in the auto part industry by 8 percentage points.

Are auto part stocks a good buy now?

39.13% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 45.93% 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 56.49x.
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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.