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. Miller Industries (NYSE:MLR)
The Component Grade breakdown for Miller Industries (NYSE:MLR) is: Value: C, Growth: C, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: C.
Miller Industries (NYSE:MLR) has a Due Diligence Score of 49, which is 13 points higher than the auto part industry average of 36.
MLR passed 17 out of 38 due diligence checks and has strong fundamentals. Miller Industries has seen its stock return 40.68% over the past year, overperforming other auto part stocks by 42 percentage points.
Miller Industries has an average 1 year
price target of $64.00, an upside of 15.32% from Miller Industries's current stock price of $55.50.
Miller Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Miller Industries, 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.
2. Magna International (NYSE:MGA)
The Component Grade breakdown for Magna International (NYSE:MGA) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: A, Financials: B, and AI: B.
Magna International (NYSE:MGA) has a Due Diligence Score of 37, which is 1 points higher than the auto part industry average of 36.
MGA passed 12 out of 38 due diligence checks and has average fundamentals. Magna International has seen its stock return 38.65% over the past year, overperforming other auto part stocks by 40 percentage points.
Magna International has an average 1 year
price target of $68.55, an upside of 5.75% from Magna International's current stock price of $64.82.
Magna International stock has a consensus Hold recommendation according to Wall Street analysts. Of the 11 analysts covering Magna International, 9.09% have issued a Strong Buy rating, 9.09% have issued a Buy, 72.73% have issued a hold, while 0% have issued a Sell rating, and 9.09% have issued a Strong Sell.
3. Standard Motor Products (NYSE:SMP)
The Component Grade breakdown for Standard Motor Products (NYSE:SMP) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: A.
Standard Motor Products (NYSE:SMP) has a Due Diligence Score of 39, which is 3 points higher than the auto part industry average of 36.
SMP passed 14 out of 38 due diligence checks and has average fundamentals. Standard Motor Products has seen its stock lose -7.17% over the past year, underperforming other auto part stocks by -6 percentage points.