According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best auto part stocks to buy right now are:
1. Garrett Motion (NASDAQ:GTX)
The Component Grade breakdown for Garrett Motion (NASDAQ:GTX) is: Value: A, Growth: C, Momentum: B, Sentiment: B, Safety: B, Financials: A, and AI: C.
Garrett Motion (NASDAQ:GTX) has a Due Diligence Score of 29, which is -4 points lower than the auto part industry average of 33. Although this number is below the industry average, our proven quant model rates GTX as a "A".
GTX passed 11 out of 38 due diligence checks and has average fundamentals. Garrett Motion has seen its stock return 61.62% over the past year, overperforming other auto part stocks by 46 percentage points.
Garrett Motion has an average 1 year
price target of $14.00, an upside of 6.54% from Garrett Motion's current stock price of $13.14.
Garrett Motion stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Garrett Motion, 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.
2. Motorcar Parts Of America (NASDAQ:MPAA)
The Component Grade breakdown for Motorcar Parts Of America (NASDAQ:MPAA) is: Value: B, Growth: A, Momentum: B, Sentiment: C, Safety: C, Financials: C, and AI: C.
Motorcar Parts Of America (NASDAQ:MPAA) has a Due Diligence Score of 44, which is 11 points higher than the auto part industry average of 33.
MPAA passed 14 out of 33 due diligence checks and has strong fundamentals. Motorcar Parts Of America has seen its stock return 142.79% over the past year, overperforming other auto part stocks by 127 percentage points.
3. Standard Motor Products (NYSE:SMP)
The Component Grade breakdown for Standard Motor Products (NYSE:SMP) is: Value: B, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: C, and AI: C.
Standard Motor Products (NYSE:SMP) has a Due Diligence Score of 48, which is 15 points higher than the auto part industry average of 33.
SMP passed 17 out of 38 due diligence checks and has strong fundamentals. Standard Motor Products has seen its stock return 17.46% over the past year, overperforming other auto part stocks by 2 percentage points.