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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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
BWA
BORGWARNER INC
NYSE
Auto Parts
$11.00B$46.97-1.34%$1.12B13.58x1.33
XPEL
XPEL INC
NASDAQ
Auto Parts
$2.17B$78.41-0.10%$57.98M55.61x0.64
ALV
AUTOLIV INC
NYSE
Auto Parts
$7.86B$90.530.29%$970.00M20.67x1.95
MGA
MAGNA INTERNATIONAL INC
NYSE
Auto Parts
$18.73B$65.06-2.62%$1.35B20.02x1.52
ALSN
ALLISON TRANSMISSION HOLDINGS INC
NYSE
Auto Parts
$4.26B$46.040.20%$902.00M8.85x5.03
VC
VISTEON CORP
NASDAQ
Auto Parts
$4.41B$156.57-1.27%$273.00M36.33x3.02
MOD
MODINE MANUFACTURING CO
NYSE
Auto Parts
$1.23B$23.662.82%$172.80M17.27x1.91
GNTX
GENTEX CORP
NASDAQ
Auto Parts
$6.87B$29.28-3.11%$460.94M21.69x0.14
DORM
DORMAN PRODUCTS INC
NASDAQ
Auto Parts
$3.07B$97.70-2.17%$224.94M22.36x0.76
LKQ
LKQ CORP
NASDAQ
Auto Parts
$15.07B$56.39-1.90%$1.87B13.33x1.21
HLLY
HOLLEY INC
NYSE
Auto Parts
$408.13M$3.42-1.72%$148.37M5.90x2.01
LEA
LEAR CORP
NYSE
Auto Parts
$8.30B$140.45-0.47%$1.01B36.29x2.08
PLOW
DOUGLAS DYNAMICS INC
NYSE
Auto Parts
$935.84M$40.89-0.80%$76.88M26.90x1.84
LIDR
AEYE INC
NASDAQ
Auto Parts
$131.10M$0.81-7.18%-$94.61M-1.18x0.36
SMP
STANDARD MOTOR PRODUCTS INC
NYSE
Auto Parts
$889.12M$41.22-1.20%$128.18M13.65x1.18
STRT
STRATTEC SECURITY CORP
NASDAQ
Auto Parts
$86.68M$21.59-3.18%$26.53M11.86x0.53
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
NASDAQ
Auto Parts
$227.89M$0.711.00%-$16.83MN/A0.11
GT
GOODYEAR TIRE & RUBBER CO
NASDAQ
Auto Parts
$3.17B$11.20-2.27%$2.08B3.53x3.56
EVTV
ENVIROTECH VEHICLES INC
NASDAQ
Auto Parts
$58.28M$3.88-0.89%-$8.57M-5.88x0.02
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
NASDAQ
Auto Parts
$243.38M$8.06-16.13%$55.52M11.19x1.18
WPRT
WESTPORT FUEL SYSTEMS INC
NASDAQ
Auto Parts
$212.41M$1.240.00%$6.11M-24.80x0.85
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
NYSE
Auto Parts
$1.09B$9.48-1.25%$666.60M316.00x10.67
AEVA
AEVA TECHNOLOGIES INC
NYSE
Auto Parts
$423.37M$1.941.57%-$130.82M-3.08x0.06
MLR
MILLER INDUSTRIES INC
NYSE
Auto Parts
$332.34M$29.11-0.55%$32.09M24.26x0.65
KNDI
KANDI TECHNOLOGIES GROUP INC
NASDAQ
Auto Parts
$188.57M$2.54-2.31%$3.57M-31.75x0.20
WKSP
WORKSPORT LTD
NASDAQ
Auto Parts
$26.13M$1.52-2.56%-$11.90M-1.88x0.33
CVGI
COMMERCIAL VEHICLE GROUP INC
NASDAQ
Auto Parts
$277.00M$8.30-2.24%$44.88M21.28x2.84
DAN
DANA INC
NYSE
Auto Parts
$2.68B$18.68-0.85%$558.00M-71.85x3.57
MNRO
MONRO INC
NASDAQ
Auto Parts
$1.64B$52.19-2.56%$164.71M36.50x1.57
HYLN
HYLIION HOLDINGS CORP
NYSE
Auto Parts
$634.39M$3.53-3.81%-$151.61M-4.01x0.06
THRM
GENTHERM INC
NASDAQ
Auto Parts
$2.43B$73.15-0.34%$106.83M49.76x0.99
INVZ
INNOVIZ TECHNOLOGIES LTD
NASDAQ
Auto Parts
$739.03M$5.45-3.37%-$122.40M-6.19x0.29
APTV
APTIV PLC
NYSE
Auto Parts
$31.15B$114.95-0.67%$1.43B99.09x1.41
GGR
GOGORO INC
NASDAQ
Auto Parts
$1.13B$4.76-4.99%-$61.86M-8.50x1.99
SPRU
SPRUCE POWER HOLDING CORP
NYSE
Auto Parts
$188.80M$1.31-2.24%-$60.17M-2.85x1.76
GTX
GARRETT MOTION INC
NASDAQ
Auto Parts
$558.73M$8.621.41%$620.00M-4.03x-26.52
CPS
COOPER-STANDARD HOLDINGS INC
NYSE
Auto Parts
$301.27M$17.613.16%$35.00k-1.32x10.64
SYPR
SYPRIS SOLUTIONS INC
NASDAQ
Auto Parts
$42.53M$1.922.13%$3.86M-19.20x4.26
QS
QUANTUMSCAPE CORP
NYSE
Auto Parts
$4.08B$9.351.30%-$338.32M-10.87x0.11
SES
SES AI CORP
NYSE
Auto Parts
$1.19B$3.40-0.29%-$53.13M-2.38x0.12
SRI
STONERIDGE INC
NYSE
Auto Parts
$645.73M$23.63-0.51%$16.88M-31.93x1.40
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
NYSE
Auto Parts
$157.77M$5.843.36%$165.90M-8.11x-14.15
MPAA
MOTORCAR PARTS OF AMERICA INC
NASDAQ
Auto Parts
$299.49M$15.42-2.16%$42.99M-73.43x2.27
UFAB
UNIQUE FABRICATING INC
NYSEMKT
Auto Parts
$9.15M$0.780.00%-$14.50M-0.39x7.93
ADNT
ADIENT PLC
NYSE
Auto Parts
$4.33B$45.67-1.10%$539.00M-35.96x3.27
ALLG
ALLEGO NV
NYSE
Auto Parts
$1.30B$4.864.07%N/AN/A3.79
HZN
HORIZON GLOBAL CORP
NYSE
Auto Parts
$48.81M$1.761.15%-$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.
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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.