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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

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	$8.97B	$37.45	-1.96%	$958.00M	13.33x	1.33
ALV	AUTOLIV INC	NYSE	Auto Parts	$6.45B	$73.85	-3.15%	$962.00M	17.88x	1.92
MGA	MAGNA INTERNATIONAL INC	NYSE	Auto Parts	$17.92B	$60.41	-3.36%	$1.60B	14.28x	1.44
CVGI	COMMERCIAL VEHICLE GROUP INC	NASDAQ	Auto Parts	$201.96M	$6.13	-0.97%	$52.87M	10.22x	3.21
DAN	DANA INC	NYSE	Auto Parts	$2.10B	$14.64	-3.81%	$730.00M	14.79x	3.04
XPEL	XPEL INC	NASDAQ	Auto Parts	$1.28B	$46.18	-6.39%	$46.84M	39.47x	1.04
MTOR	MERITOR INC	NYSE	Auto Parts	$2.56B	$36.06	0.03%	$301.00M	11.63x	3.83
WPRT	WESTPORT FUEL SYSTEMS INC	NASDAQ	Auto Parts	$184.87M	$1.08	-7.69%	$34.30M	6.35x	0.89
SMP	STANDARD MOTOR PRODUCTS INC	NYSE	Auto Parts	$842.21M	$38.58	0.63%	$150.10M	9.55x	1.12
LKQ	LKQ CORP	NASDAQ	Auto Parts	$13.84B	$48.93	-0.73%	$1.76B	13.01x	1.21
GNTX	GENTEX CORP	NASDAQ	Auto Parts	$6.92B	$29.50	-0.41%	$482.60M	20.92x	0.13
ALSN	ALLISON TRANSMISSION HOLDINGS INC	NYSE	Auto Parts	$3.66B	$37.70	-0.84%	$848.00M	8.61x	5.67
LEA	LEAR CORP	NYSE	Auto Parts	$7.65B	$127.92	-3.55%	$989.70M	35.05x	1.91
MOD	MODINE MANUFACTURING CO	NYSE	Auto Parts	$444.90M	$8.57	-0.46%	$134.90M	7.26x	2.19
KNDI	KANDI TECHNOLOGIES GROUP INC	NASDAQ	Auto Parts	$186.99M	$2.47	-2.76%	$45.35M	6.68x	0.15
THRM	GENTHERM INC	NASDAQ	Auto Parts	$2.13B	$64.32	-1.29%	$130.21M	29.50x	0.48
STRT	STRATTEC SECURITY CORP	NASDAQ	Auto Parts	$125.77M	$31.75	-1.40%	$30.28M	12.75x	0.52
PLOW	DOUGLAS DYNAMICS INC	NYSE	Auto Parts	$688.21M	$30.07	-0.46%	$62.40M	27.59x	1.66
WKSP	WORKSPORT LTD	NASDAQ	Auto Parts	$34.17M	$2.01	-3.37%	-$9.09M	-3.00x	0.07
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	NASDAQ	Auto Parts	$90.40M	$2.93	1.03%	$40.74M	11.27x	1.20
VC	VISTEON CORP	NASDAQ	Auto Parts	$2.84B	$100.99	-2.21%	$192.00M	60.11x	2.96
AEVA	AEVA TECHNOLOGIES INC	NYSE	Auto Parts	$580.76M	$2.68	-7.59%	-$111.63M	-4.96x	0.05
LIDR	AEYE INC	NASDAQ	Auto Parts	$766.32M	$4.87	-4.13%	-$72.57M	-3.16x	0.21
DORM	DORMAN PRODUCTS INC	NASDAQ	Auto Parts	$3.06B	$97.42	2.09%	$214.59M	23.09x	0.80
MPAA	MOTORCAR PARTS AMERICA INC	NASDAQ	Auto Parts	$265.90M	$13.92	0.51%	$49.49M	31.64x	2.00
MLR	MILLER INDUSTRIES INC	NYSE	Auto Parts	$277.77M	$24.33	0.75%	$32.91M	18.43x	0.62
GTX	GARRETT MOTION INC	NASDAQ	Auto Parts	$369.62M	$5.73	-0.35%	$930.00M	1.66x	-8.53
ADNT	ADIENT PLC	NYSE	Auto Parts	$2.89B	$30.44	-4.31%	$1.59B	3.80x	3.16
APTV	APTIV PLC	NYSE	Auto Parts	$24.67B	$91.07	-3.12%	$1.38B	76.53x	1.41
MNRO	MONRO INC	NASDAQ	Auto Parts	$1.45B	$43.21	0.54%	$183.09M	23.74x	1.39
SYPR	SYPRIS SOLUTIONS INC	NASDAQ	Auto Parts	$46.00M	$2.08	-3.70%	$10.82M	9.45x	2.99
GT	GOODYEAR TIRE & RUBBER CO	NASDAQ	Auto Parts	$3.21B	$11.36	-4.38%	$1.96B	3.58x	3.36
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	NASDAQ	Auto Parts	$286.51M	$0.89	-6.72%	-$15.79M	-17.76x	0.10
HYLN	HYLIION HOLDINGS CORP	NYSE	Auto Parts	$521.52M	$3.00	-4.15%	-$104.83M	-4.92x	0.04
RMO	ROMEO POWER INC	NYSE	Auto Parts	$122.80M	$0.81	-8.76%	-$160.30M	-0.66x	0.28
SRI	STONERIDGE INC	NYSE	Auto Parts	$503.15M	$18.42	-4.41%	$38.55M	-122.80x	1.21
ALLG	ALLEGO NV	NYSE	Auto Parts	$2.24B	$8.39	3.71%	-$323.30M	-0.00x	-3.86
XL	XL FLEET CORP	NYSE	Auto Parts	$166.27M	$1.17	-4.88%	-$47.07M	-3.34x	0.06
INVZ	INNOVIZ TECHNOLOGIES LTD	NASDAQ	Auto Parts	$522.13M	$3.89	-4.89%	-$158.19M	-3.24x	0.19
TEN	TENNECO INC	NYSE	Auto Parts	$1.35B	$16.25	-0.98%	$951.00M	-19.58x	212.38
QS	QUANTUMSCAPE CORP	NYSE	Auto Parts	$4.66B	$10.82	-8.31%	-$40.58M	-83.23x	0.09
SES	SES AI CORP	NYSE	Auto Parts	$2.28B	$6.55	-9.66%	-$56.42M	-1.78x	0.21
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	NYSE	Auto Parts	$778.51M	$6.80	-5.69%	$669.30M	-25.19x	10.82
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	-0.23x	7.30
HLLY	HOLLEY INC	NYSE	Auto Parts	$1.16B	$9.75	0.31%	$68.16M	N/A	2.68
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	-2.21x	2.46
GGR	GOGORO INC	NASDAQ	Auto Parts	$976.75M	$4.10	-4.87%	$18.94M	-2.81x	8.96

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.