Sectors & IndustriesConsumer CyclicalAuto Parts

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.

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

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.

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.

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.

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:

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.

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.

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.

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.

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

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.

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.

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.