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. Strattec Security (NASDAQ:STRT)
The Component Grade breakdown for Strattec Security (NASDAQ:STRT) is: Value: C, Growth: B, Momentum: B, Sentiment: B, Safety: C, Financials: B, and AI: C.
Strattec Security (NASDAQ:STRT) has a Due Diligence Score of 42, which is 8 points higher than the auto part industry average of 34.
STRT passed 16 out of 38 due diligence checks and has strong fundamentals. Strattec Security has seen its stock return 80.68% over the past year, overperforming other auto part stocks by 77 percentage points.
2. Garrett Motion (NASDAQ:GTX)
The Component Grade breakdown for Garrett Motion (NASDAQ:GTX) is: Value: B, Growth: C, Momentum: B, Sentiment: C, Safety: C, Financials: A, and AI: C.
Garrett Motion (NASDAQ:GTX) has a Due Diligence Score of 29, which is -5 points lower than the auto part industry average of 34. 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 94.93% over the past year, overperforming other auto part stocks by 91 percentage points.
Garrett Motion has an average 1 year
price target of $16.33, a downside of -1.19% from Garrett Motion's current stock price of $16.53.
Garrett Motion stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Garrett Motion, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Magna International (NYSE:MGA)
The Component Grade breakdown for Magna International (NYSE:MGA) is: Value: A, Growth: B, Momentum: B, Sentiment: B, Safety: A, Financials: C, and AI: C.
Magna International (NYSE:MGA) has a Due Diligence Score of 52, which is 18 points higher than the auto part industry average of 34.
MGA passed 18 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock return 8.2% over the past year, overperforming other auto part stocks by 4 percentage points.
Magna International has an average 1 year
price target of $50.90, an upside of 4.22% from Magna International's current stock price of $48.84.
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.