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. Magna International (NYSE:MGA)
The Component Grade breakdown for Magna International (NYSE:MGA) is: Value: A, Growth: B, Momentum: B, Sentiment: B, Safety: B, Financials: C, and AI: C.
Magna International (NYSE:MGA) has a Due Diligence Score of 36, which is 3 points higher than the auto part industry average of 33.
MGA passed 14 out of 38 due diligence checks and has average fundamentals. Magna International has seen its stock return 23.23% over the past year, overperforming other auto part stocks by 7 percentage points.
Magna International has an average 1 year
price target of $54.30, an upside of 6.18% from Magna International's current stock price of $51.14.
Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Magna International, 20% have issued a Strong Buy rating, 10% have issued a Buy, 70% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Strattec Security (NASDAQ:STRT)
The Component Grade breakdown for Strattec Security (NASDAQ:STRT) is: Value: C, Growth: B, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: C.
Strattec Security (NASDAQ:STRT) has a Due Diligence Score of 37, which is 4 points higher than the auto part industry average of 33.
STRT passed 14 out of 38 due diligence checks and has average fundamentals. Strattec Security has seen its stock return 105.08% over the past year, overperforming other auto part stocks by 89 percentage points.
3. Phinia (NYSE:PHIN)
Phinia (NYSE:PHIN) is the #3 top auto part stock out of 46 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Phinia (NYSE:PHIN) is: Value: B, Growth: B, Momentum: B, Sentiment: B, Safety: C, Financials: C, and AI: B.
Phinia (NYSE:PHIN) has a Due Diligence Score of 34, which is 1 points higher than the auto part industry average of 33.
PHIN passed 12 out of 38 due diligence checks and has average fundamentals. Phinia has seen its stock return 37.9% over the past year, overperforming other auto part stocks by 22 percentage points.
Phinia has an average 1 year
price target of $68.80, a downside of -3.33% from Phinia's current stock price of $71.17.
Phinia stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Phinia, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.