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Best Auto Part Stocks to Buy Now (2024)
Top auto part stocks in 2024 ranked by overall Zen Score. See the best auto part stocks to buy now, according to analyst forecasts for the auto parts industry.

Industry: Auto Parts

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
MGA	MAGNA INTERNATIONAL INC	NYSE	Auto Parts	$13.71B	$47.84	-1.91%	$1.69B	11.28x	1.68
LEA	LEAR CORP	NYSE	Auto Parts	$7.44B	$130.45	-1.17%	$1.46B	13.41x	1.96
XPEL	XPEL INC	NASDAQ	Auto Parts	$1.45B	$52.31	-2.15%	$76.87M	27.39x	0.40
ALV	AUTOLIV INC	NYSE	Auto Parts	$9.56B	$115.69	0.07%	$1.08B	20.16x	2.25
MLR	MILLER INDUSTRIES INC	NYSE	Auto Parts	$564.04M	$49.28	-2.38%	$93.00M	9.66x	0.86
GNTX	GENTEX CORP	NASDAQ	Auto Parts	$7.76B	$33.51	-0.50%	$598.30M	18.21x	0.13
DAN	DANA INC	NYSE	Auto Parts	$1.72B	$11.88	0.08%	$729.00M	45.69x	3.90
MOD	MODINE MANUFACTURING CO	NYSE	Auto Parts	$4.47B	$85.64	-5.22%	$294.00M	19.82x	1.26
BWA	BORGWARNER INC	NYSE	Auto Parts	$7.32B	$31.86	-1.79%	$924.00M	11.89x	1.44
ALSN	ALLISON TRANSMISSION HOLDINGS INC	NYSE	Auto Parts	$6.96B	$79.78	-0.59%	$1.09B	10.67x	3.08
VC	VISTEON CORP	NASDAQ	Auto Parts	$2.94B	$106.83	-0.62%	$359.00M	6.18x	1.55
MBLY	MOBILEYE GLOBAL INC	NASDAQ	Auto Parts	$24.96B	$30.96	2.75%	$529.00M	-1,032.00x	0.04
HLLY	HOLLEY INC	NYSE	Auto Parts	$492.77M	$4.11	-0.96%	$118.67M	25.69x	1.73
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	NASDAQ	Auto Parts	$106.86M	$3.54	1.72%	$62.52M	2.83x	1.16
CVGI	COMMERCIAL VEHICLE GROUP INC	NASDAQ	Auto Parts	$211.86M	$6.25	-1.42%	$64.50M	4.17x	1.79
DORM	DORMAN PRODUCTS INC	NASDAQ	Auto Parts	$2.74B	$88.00	-1.07%	$271.29M	21.41x	0.96
ADNT	ADIENT PLC	NYSE	Auto Parts	$2.56B	$28.11	-1.85%	$742.00M	12.38x	2.92
LKQ	LKQ CORP	NASDAQ	Auto Parts	$12.77B	$47.91	-1.09%	$1.78B	13.65x	1.44
STRT	STRATTEC SECURITY CORP	NASDAQ	Auto Parts	$89.08M	$21.90	-4.41%	$23.41M	438.00x	0.60
APTV	APTIV PLC	NYSE	Auto Parts	$19.35B	$69.35	-3.60%	$2.21B	6.60x	1.09
AEVA	AEVA TECHNOLOGIES INC	NYSE	Auto Parts	$157.24M	$2.98	-6.29%	-$141.60M	-0.90x	0.13
INVZ	INNOVIZ TECHNOLOGIES LTD	NASDAQ	Auto Parts	$176.96M	$1.07	0.00%	-$123.41M	-1.27x	0.43
HYLN	HYLIION HOLDINGS CORP	NYSE	Auto Parts	$249.16M	$1.36	2.26%	-$118.50M	-2.00x	0.07
KNDI	KANDI TECHNOLOGIES GROUP INC	NASDAQ	Auto Parts	$209.66M	$2.40	8.11%	$15.05M	120.00x	0.22
FOXF	FOX FACTORY HOLDING CORP	NASDAQ	Auto Parts	$1.73B	$41.19	-1.53%	$216.59M	14.40x	0.84
SMP	STANDARD MOTOR PRODUCTS INC	NYSE	Auto Parts	$699.43M	$31.91	-0.34%	$94.83M	20.32x	1.01
PLOW	DOUGLAS DYNAMICS INC	NYSE	Auto Parts	$501.28M	$21.81	0.18%	$71.67M	21.59x	1.56
PHIN	PHINIA INC	NYSE	Auto Parts	$1.68B	$36.44	-0.16%	$262.00M	16.79x	1.14
THRM	GENTHERM INC	NASDAQ	Auto Parts	$1.59B	$50.48	-1.14%	$120.54M	41.04x	0.92
WKSP	WORKSPORT LTD	NASDAQ	Auto Parts	$9.04M	$0.38	-14.77%	-$13.20M	-0.45x	0.43
WPRT	WESTPORT FUEL SYSTEMS INC	NASDAQ	Auto Parts	$98.15M	$5.72	0.26%	-$33.25M	-1.97x	1.22
MNRO	MONRO INC	NASDAQ	Auto Parts	$885.10M	$29.60	-0.87%	$141.01M	27.41x	1.63
HSAI	HESAI GROUP	NASDAQ	Auto Parts	$544.55M	$4.31	4.74%	N/A	-8.14x	0.47
QS	QUANTUMSCAPE CORP	NYSE	Auto Parts	$2.76B	$5.56	2.02%	-$393.02M	-5.79x	0.12
SES	SES AI CORP	NYSE	Auto Parts	$521.80M	$1.47	-4.55%	-$48.71M	-8.65x	0.13
LIDR	AEYE INC	NASDAQ	Auto Parts	$6.70M	$1.03	1.98%	-$84.36M	-0.07x	0.87
SRI	STONERIDGE INC	NYSE	Auto Parts	$415.23M	$15.07	-4.68%	$37.83M	-79.32x	1.36
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	NASDAQ	Auto Parts	$17.30M	$1.14	-0.87%	N/A	-0.63x	0.22
GGR	GOGORO INC	NASDAQ	Auto Parts	$359.98M	$1.47	-3.93%	$34.26M	-4.58x	2.36
LAZR	LUMINAR TECHNOLOGIES INC	NASDAQ	Auto Parts	$527.36M	$1.25	-6.02%	-$524.91M	-0.85x	-3.28
ALLG	ALLEGO NV	NYSE	Auto Parts	$275.59M	$1.03	-0.96%	N/A	N/A	-9.92
MPAA	MOTORCAR PARTS OF AMERICA INC	NASDAQ	Auto Parts	$100.47M	$5.11	-5.72%	$77.75M	-2.04x	2.54
GTX	GARRETT MOTION INC	NASDAQ	Auto Parts	$2.18B	$9.14	-0.98%	$596.00M	-29.48x	-4.44
SYPR	SYPRIS SOLUTIONS INC	NASDAQ	Auto Parts	$37.64M	$1.68	-1.18%	$4.05M	-24.00x	4.76
ECX	ECARX HOLDINGS INC	NASDAQ	Auto Parts	$540.72M	$1.60	1.27%	-$739.88M	-0.57x	-39.31
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	NYSE	Auto Parts	$813.64M	$6.95	-1.00%	$664.40M	-23.97x	7.86
CPS	COOPER-STANDARD HOLDINGS INC	NYSE	Auto Parts	$260.37M	$15.14	-2.07%	$46.96M	-1.30x	-24.13
GT	GOODYEAR TIRE & RUBBER CO	NASDAQ	Auto Parts	$3.40B	$11.97	-1.72%	$856.00M	-4.95x	3.59
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	NYSE	Auto Parts	$103.94M	$3.70	1.65%	$38.33M	-0.78x	-12.99
CREV	CARBON REVOLUTION PUBLIC LTD CO	NASDAQ	Auto Parts	N/A	$14.89	0.00%	-$31.08M	-93.65x	9.07

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best auto part stocks to buy right now are:

1. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) is the top auto part stock with a Zen Score of 59, which is 26 points higher than the auto part industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock lose -12.07% over the past year, underperforming other auto part stocks by -1 percentage points.

Magna International has an average 1 year price target of $64.25, an upside of 34.3% from Magna International's current stock price of $47.84.

Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Magna International, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Lear (NYSE:LEA)

Lear (NYSE:LEA) is the second best auto part stock with a Zen Score of 55, which is 22 points higher than the auto part industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Lear has seen its stock lose -3.08% over the past year, overperforming other auto part stocks by 8 percentage points.

Lear has an average 1 year price target of $168.00, an upside of 28.78% from Lear's current stock price of $130.45.

Lear stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Lear, 66.67% have issued a Strong Buy rating, 0% 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. Xpel (NASDAQ:XPEL)

Xpel (NASDAQ:XPEL) is the third best auto part stock with a Zen Score of 55, which is 22 points higher than the auto part industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Xpel has seen its stock lose -25.91% over the past year, underperforming other auto part stocks by -15 percentage points.

Xpel has an average 1 year price target of $74.00, an upside of 41.46% from Xpel's current stock price of $52.31.

Xpel stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Xpel, 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.

What are the auto part stocks with highest dividends?

Out of 13 auto part stocks that have issued dividends in the past year, the 3 auto part stocks with the highest dividend yields are:

1. Douglas Dynamics (NYSE:PLOW)

Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 5.41%, which is 3 percentage points higher than the auto part industry average of 2.68%. Douglas Dynamics's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Douglas Dynamics's dividend has shown consistent growth over the last 10 years.

Douglas Dynamics's dividend payout ratio of 116.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) has an annual dividend yield of 3.88%, which is 1 percentage points higher than the auto part industry average of 2.68%. Magna International's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Magna International's dividend has shown consistent growth over the last 10 years.

Magna International's dividend payout ratio of 43.8% indicates that its dividend yield is sustainable for the long-term.

3. Monro (NASDAQ:MNRO)

Monro (NASDAQ:MNRO) has an annual dividend yield of 3.78%, which is 1 percentage points higher than the auto part industry average of 2.68%. Monro's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Monro's dividend has shown consistent growth over the last 10 years.

Monro's dividend payout ratio of 103.7% indicates that its dividend yield might not be sustainable for the long-term.

Why are auto part stocks down?

Auto part stocks were down -1.4% in the last day, and down -5.21% over the last week.

We couldn't find a catalyst for why auto part stocks are down.

What are the most undervalued auto part stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued auto part stocks right now are:

1. Strattec Security (NASDAQ:STRT)

Strattec Security (NASDAQ:STRT) is the most undervalued auto part stock based on WallStreetZen's Valuation Score. Strattec Security has a valuation score of 86, which is 53 points higher than the auto part industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Strattec Security's stock has gained 10.83% in the past year. It has overperformed other stocks in the auto part industry by 22 percentage points.

2. Holley (NYSE:HLLY)

Holley (NYSE:HLLY) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Holley has a valuation score of 71, which is 38 points higher than the auto part industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Holley's stock has gained 66.4% in the past year. It has overperformed other stocks in the auto part industry by 77 percentage points.

3. Borgwarner (NYSE:BWA)

Borgwarner (NYSE:BWA) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Borgwarner has a valuation score of 71, which is 38 points higher than the auto part industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -34.15% in the past year. It has underperformed other stocks in the auto part industry by -23 percentage points.

Are auto part stocks a good buy now?

40.63% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 30.42% over the next year.

What is the average p/e ratio of the auto parts industry?

The average P/E ratio of the auto parts industry is -164.21x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.