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: B, Growth: B, Momentum: C, Sentiment: C, Safety: A, Financials: B, and AI: B.
Magna International (NYSE:MGA) has a Due Diligence Score of 34, which is -1 points lower than the auto part industry average of 35. Although this number is below the industry average, our proven quant model rates MGA as a "A".
MGA passed 11 out of 38 due diligence checks and has average fundamentals. Magna International has seen its stock return 63.86% over the past year, overperforming other auto part stocks by 44 percentage points.
Magna International has an average 1 year
price target of $68.58, an upside of 1.05% from Magna International's current stock price of $67.87.
Magna International stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Magna International, 16.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 58.33% have issued a hold, while 0% have issued a Sell rating, and 8.33% 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: B, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Motorcar Parts Of America (NASDAQ:MPAA) has a Due Diligence Score of 45, which is 10 points higher than the auto part industry average of 35.
MPAA passed 14 out of 33 due diligence checks and has strong fundamentals. Motorcar Parts Of America has seen its stock return 30.48% over the past year, overperforming other auto part stocks by 11 percentage points.
Motorcar Parts Of America has an average 1 year
price target of $17.50, an upside of 28.96% from Motorcar Parts Of America's current stock price of $13.57.
Motorcar Parts Of America stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Motorcar Parts Of America, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Douglas Dynamics (NYSE:PLOW)
The Component Grade breakdown for Douglas Dynamics (NYSE:PLOW) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: B.
Douglas Dynamics (NYSE:PLOW) has a Due Diligence Score of 48, which is 13 points higher than the auto part industry average of 35.
PLOW passed 17 out of 38 due diligence checks and has strong fundamentals. Douglas Dynamics has seen its stock return 48.41% over the past year, overperforming other auto part stocks by 29 percentage points.
Douglas Dynamics has an average 1 year
price target of $57.50, an upside of 36.81% from Douglas Dynamics's current stock price of $42.03.
Douglas Dynamics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Douglas Dynamics, 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.