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: B, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.
Miller Industries (NYSE:MLR) has a Due Diligence Score of 49, which is 14 points higher than the auto part industry average of 35.
MLR passed 17 out of 38 due diligence checks and has strong fundamentals. Miller Industries has seen its stock return 11.67% over the past year, overperforming other auto part stocks by 21 percentage points.
Miller Industries has an average 1 year
price target of $64.00, an upside of 42.03% from Miller Industries's current stock price of $45.06.
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. Borgwarner (NYSE:BWA)
Borgwarner (NYSE:BWA) is the #2 top auto part stock out of 48 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year.
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The Component Grade breakdown for Borgwarner (NYSE:BWA) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: B.
Borgwarner (NYSE:BWA) has a Due Diligence Score of 54, which is 19 points higher than the auto part industry average of 35.
BWA passed 20 out of 38 due diligence checks and has strong fundamentals. Borgwarner has seen its stock return 5.9% over the past year, overperforming other auto part stocks by 16 percentage points.
Borgwarner has an average 1 year
price target of $80.78, an upside of 69.95% from Borgwarner's current stock price of $47.53.
Borgwarner stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Borgwarner, 66.67% have issued a Strong Buy rating, 22.22% have issued a Buy, 11.11% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Dorman Products (NASDAQ:DORM)
The Component Grade breakdown for Dorman Products (NASDAQ:DORM) is: Value: C, Growth: C, Momentum: C, Sentiment: C, Safety: B, Financials: B, and AI: C.
Dorman Products (NASDAQ:DORM) has a Due Diligence Score of 37, which is 2 points higher than the auto part industry average of 35.
DORM passed 12 out of 33 due diligence checks and has average fundamentals. Dorman Products has seen its stock return 6.17% over the past year, overperforming other auto part stocks by 16 percentage points.
Dorman Products has an average 1 year
price target of $151.00, an upside of 8.26% from Dorman Products's current stock price of $139.48.
Dorman Products stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Dorman Products, 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.