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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

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
ALV	AUTOLIV INC	$120.43	$90.96	32.41%	18.79x	12.53x	0.94x	4.04x	0.76x	$585.00M	5.90%	$2.43B	29.50	$11.55B	9.97
MGA	MAGNA INTERNATIONAL INC	$47.64	$143.10	-66.71%	11.24x	4.89x	0.32x	1.15x	0.14x	$601.00M	4.41%	$11.88B	41.52	$19.68B	11.65
XPEL	XPEL INC	$53.79	$35.43	51.81%	28.16x	19.28x	3.75x	8.26x	0.75x	$29.77M	2.00%	$179.99M	6.52	$1.51B	19.65
LEA	LEAR CORP	$124.37	$272.13	-54.30%	13.50x	6.57x	0.30x	1.44x	0.20x	$622.00M	8.74%	$4.89B	85.46	$8.90B	6.23
MLR	MILLER INDUSTRIES INC	$49.21	$42.95	14.57%	9.65x	N/A	0.49x	1.62x	1.15x	-$736.00k	-0.13%	$347.92M	30.42	$594.16M	6.39
GNTX	GENTEX CORP	$33.96	$11.19	203.43%	18.46x	N/A	3.42x	3.40x	10.87x	$353.86M	4.50%	$2.31B	9.99	$7.64B	12.76
MOD	MODINE MANUFACTURING CO	$92.28	$43.39	112.67%	21.36x	N/A	1.99x	6.62x	1.64x	$155.30M	3.22%	$727.40M	13.91	$5.00B	17.01
BWA	BORGWARNER INC	$32.87	$82.05	-59.94%	12.26x	5.80x	0.54x	1.30x	0.17x	$595.00M	7.78%	$5.83B	25.03	$9.80B	10.60
ALSN	ALLISON TRANSMISSION HOLDINGS INC	$73.77	N/A	N/A	9.75x	11.75x	2.09x	4.81x	N/A	$652.00M	10.10%	$1.34B	15.34	$8.31B	7.75
DORM	DORMAN PRODUCTS INC	$89.02	$84.36	5.52%	21.66x	14.15x	1.45x	2.37x	0.50x	$164.79M	5.89%	$1.17B	37.14	$3.40B	12.52
VC	VISTEON CORP	$112.30	N/A	N/A	6.37x	11.01x	0.79x	2.95x	N/A	$214.00M	6.91%	$1.05B	38.01	$3.04B	8.36
LKQ	LKQ CORP	$43.13	$35.86	20.26%	13.96x	9.44x	0.81x	1.87x	0.80x	$1.04B	9.04%	$6.16B	23.09	$16.78B	9.85
DAN	DANA INC	$13.26	$18.43	-28.05%	147.33x	5.39x	0.18x	1.25x	0.26x	$97.00M	5.05%	$1.54B	10.63	$4.51B	6.22
HLLY	HOLLEY INC	$4.01	$17.61	-77.22%	25.06x	5.35x	0.71x	1.09x	0.08x	$83.64M	17.78%	$441.15M	3.76	$1.02B	8.63
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	$3.51	$30.24	-88.39%	2.81x	N/A	0.18x	0.31x	0.05x	$4.46M	4.22%	$344.46M	11.41	$238.81k	0.00
ADNT	ADIENT PLC	$29.44	$59.03	-50.13%	12.97x	6.96x	0.18x	1.18x	0.22x	$443.00M	16.20%	$2.29B	24.60	$4.24B	5.72
MBLY	MOBILEYE GLOBAL INC	$28.87	N/A	N/A	-962.33x	N/A	11.18x	1.56x	N/A	$296.00M	1.27%	$14.92B	18.54	$22.06B	41.71
CVGI	COMMERCIAL VEHICLE GROUP INC	$5.87	$8.93	-34.29%	3.91x	N/A	0.19x	1.15x	2.93x	$18.58M	9.57%	$172.93M	5.23	$334.57M	5.19
STRT	STRATTEC SECURITY CORP	$23.04	$134.66	-82.89%	460.70x	4.81x	0.18x	0.49x	0.06x	-$17.82M	-19.46%	$191.39M	48.14	$95.12M	4.06
APTV	APTIV PLC	$69.75	N/A	N/A	6.64x	9.81x	0.96x	1.69x	N/A	$994.00M	5.15%	$11.55B	41.70	$24.49B	11.10
AEVA	AEVA TECHNOLOGIES INC	$3.07	N/A	N/A	-0.93x	-2.79x	32.32x	0.71x	N/A	-$124.93M	-89.61%	$228.44M	5.03	$127.21M	-0.90
INVZ	INNOVIZ TECHNOLOGIES LTD	$1.14	N/A	N/A	-1.36x	N/A	8.03x	1.23x	N/A	-$99.63M	-59.30%	$153.29M	1.04	$194.71M	-1.58
SMP	STANDARD MOTOR PRODUCTS INC	$32.78	N/A	N/A	23.08x	N/A	0.53x	1.12x	N/A	$84.63M	11.78%	$639.15M	29.15	$993.54M	11.15
HSAI	HESAI GROUP	$4.68	N/A	N/A	-8.88x	N/A	2.25x	1.11x	N/A	-$48.34M	-8.27%	$534.21M	4.28	$451.50M	-9.28
FOXF	FOX FACTORY HOLDING CORP	$38.89	$19.49	99.54%	13.60x	N/A	1.12x	1.34x	3.59x	$131.89M	8.02%	$1.22B	28.88	$2.29B	10.58
KNDI	KANDI TECHNOLOGIES GROUP INC	$2.52	N/A	N/A	126.00x	N/A	1.61x	0.54x	N/A	-$114.41M	-57.62%	$404.12M	5.13	$168.05M	11.17
PLOW	DOUGLAS DYNAMICS INC	$22.62	N/A	N/A	18.85x	N/A	0.90x	2.41x	N/A	$38.66M	7.43%	$217.16M	9.44	$784.57M	9.89
THRM	GENTHERM INC	$51.92	$10.40	399.12%	35.56x	N/A	1.12x	2.54x	7.61x	$41.60M	2.54%	$647.06M	20.51	$1.77B	14.00
MNRO	MONRO INC	$26.71	N/A	N/A	24.73x	N/A	0.65x	1.21x	N/A	$144.94M	17.54%	$659.72M	21.33	$1.39B	9.87
HYLN	HYLIION HOLDINGS CORP	$1.56	N/A	N/A	-2.56x	-1.58x	780.00x	0.97x	N/A	-$113.08M	-40.64%	$280.41M	1.57	$264.42M	-2.51
WKSP	WORKSPORT LTD	$0.80	N/A	N/A	-0.95x	4.00x	9.29x	1.06x	N/A	-$15.62M	-110.51%	$18.18M	1.03	$21.52M	-1.63
WPRT	WESTPORT FUEL SYSTEMS INC	$5.21	N/A	N/A	-1.80x	17.37x	0.27x	0.56x	N/A	-$28.77M	-32.15%	$160.45M	9.34	$117.45M	-3.53
SRI	STONERIDGE INC	$14.96	N/A	N/A	-106.86x	N/A	0.42x	1.49x	N/A	-$10.35M	-2.51%	$277.26M	10.07	$568.61M	13.79
SES	SES AI CORP	$1.48	N/A	N/A	-8.71x	N/A	N/A	1.46x	N/A	-$72.18M	-15.47%	$358.95M	1.14	$453.40M	-9.31
LAZR	LUMINAR TECHNOLOGIES INC	$1.48	N/A	N/A	-1.01x	29.60x	8.27x	-2.78x	N/A	-$269.22M	-46.69%	-$224.75M	-0.58	$1.14B	-2.18
GGR	GOGORO INC	$1.58	N/A	N/A	-4.94x	N/A	1.06x	1.56x	N/A	-$48.38M	-13.04%	$248.69M	1.06	$685.50M	20.01
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	$1.05	N/A	N/A	-0.58x	N/A	23.33x	1.04x	N/A	-$15.05M	-129.81%	$15.39M	1.39	$1.83M	N/A
MPAA	MOTORCAR PARTS OF AMERICA INC	$5.65	N/A	N/A	-2.26x	N/A	0.15x	0.39x	N/A	$47.06M	42.42%	$281.75M	14.35	$329.45M	4.24
SYPR	SYPRIS SOLUTIONS INC	$1.38	N/A	N/A	-19.71x	N/A	0.22x	1.38x	N/A	-$13.23M	-43.84%	$22.47M	1.03	$38.86M	9.61
QS	QUANTUMSCAPE CORP	$5.41	N/A	N/A	-5.64x	-5.15x	N/A	2.15x	N/A	-$306.27M	-11.40%	$1.26B	2.54	$2.61B	-6.42
ALLG	ALLEGO NV	$1.20	N/A	N/A	N/A	N/A	1.85x	-5.92x	N/A	-$92.86M	-28.92%	-$54.22M	-0.20	$698.60M	N/A
LIDR	AEYE INC	$0.99	N/A	N/A	-0.07x	-0.37x	3.96x	0.22x	N/A	-$52.39M	-905.34%	$29.02M	4.98	$2.23M	-0.03
PHIN	PHINIA INC	$40.74	N/A	N/A	N/A	N/A	0.53x	1.01x	N/A	$159.00M	8.47%	$1.85B	40.13	$2.33B	8.51
ECX	ECARX HOLDINGS INC	$1.63	N/A	N/A	-0.58x	N/A	0.12x	-4.24x	N/A	-$1.30B	-236.99%	-$129.78M	-0.39	$1.77B	-2.39
CPS	COOPER-STANDARD HOLDINGS INC	$15.39	N/A	N/A	-1.32x	N/A	0.09x	-3.26x	N/A	$36.53M	13.80%	-$81.30M	-4.73	$1.30B	27.69
GTX	GARRETT MOTION INC	$9.39	N/A	N/A	-9.88x	N/A	0.58x	-2.89x	N/A	$350.00M	15.75%	-$735.00M	-3.11	$3.57B	6.22
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	$7.39	N/A	N/A	-25.48x	3.99x	0.14x	1.43x	N/A	$202.40M	23.40%	$604.90M	5.17	$3.23B	4.86
GT	GOODYEAR TIRE & RUBBER CO	$11.93	N/A	N/A	-4.93x	3.08x	0.17x	0.73x	N/A	$81.00M	2.38%	$4.67B	16.38	$11.13B	13.01
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	$3.73	N/A	N/A	-0.79x	N/A	0.08x	-1.22x	N/A	$23.27M	22.20%	-$85.94M	-3.06	$519.13M	13.54
CREV	CARBON REVOLUTION PUBLIC LTD CO	$13.50	N/A	N/A	-84.91x	N/A	21.13x	N/A	N/A	-$27.64M	-8.10%	$6.63M	0.26	N/A	N/A

Auto Part Stocks FAQ

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

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

1. Autoliv (NYSE:ALV)

Autoliv (NYSE:ALV) is the top auto part stock with a Zen Score of 60, which is 27 points higher than the auto part industry average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Autoliv has seen its stock return 40.77% over the past year, overperforming other auto part stocks by 48 percentage points.

Autoliv has an average 1 year price target of $132.83, an upside of 10.3% from Autoliv's current stock price of $120.43.

Autoliv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Autoliv, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) is the second best 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 -8.49% over the past year, underperforming other auto part stocks by -1 percentage points.

Magna International has an average 1 year price target of $62.80, an upside of 31.82% from Magna International's current stock price of $47.64.

Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Magna International, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Lear (NYSE:LEA)

Lear (NYSE:LEA) 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 20 out of 38 due diligence checks and has strong fundamentals. Lear has seen its stock lose -1.99% over the past year, overperforming other auto part stocks by 5 percentage points.

Lear has an average 1 year price target of $164.86, an upside of 32.55% from Lear's current stock price of $124.37.

Lear stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Lear, 57.14% have issued a Strong Buy rating, 0% have issued a Buy, 42.86% 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 5.22%, which is 3 percentage points higher than the auto part industry average of 2.67%. 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 98.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Monro (NASDAQ:MNRO)

Monro (NASDAQ:MNRO) has an annual dividend yield of 4.19%, which is 2 percentage points higher than the auto part industry average of 2.67%. 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.

3. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) has an annual dividend yield of 3.89%, which is 1 percentage points higher than the auto part industry average of 2.67%. 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.

Why are auto part stocks up?

Auto part stocks were up 0.44% in the last day, and down -1.75% over the last week. Hyliion Holdings was the among the top gainers in the auto parts industry, gaining 20.93% yesterday.

Hyliiion Holdings shares are trading higher after the company reported better-than-expected Q1 GAAP EPS results.

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 55 points higher than the auto part industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Strattec Security's stock has gained 21.56% in the past year. It has overperformed other stocks in the auto part industry by 29 percentage points.

2. Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Dorman Products has a valuation score of 71, which is 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Dorman Products's stock has gained 2.76% in the past year. It has overperformed other stocks in the auto part industry by 10 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 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -31.25% in the past year. It has underperformed other stocks in the auto part industry by -24 percentage points.

Are auto part stocks a good buy now?

46.88% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 29.57% 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 -142.13x.

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.