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: B, Sentiment: B, Safety: A, Financials: C, and AI: A.
Magna International (NYSE:MGA) has a Due Diligence Score of 42, which is 7 points higher than the auto part industry average of 35.
MGA passed 14 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock return 44.21% over the past year, overperforming other auto part stocks by 24 percentage points.
Magna International has an average 1 year
price target of $62.25, an upside of 19.28% from Magna International's current stock price of $52.19.
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. Borgwarner (NYSE:BWA)
Borgwarner (NYSE:BWA) is the #2 top auto part stock out of 45 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Borgwarner (NYSE:BWA) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: B.
Borgwarner (NYSE:BWA) has a Due Diligence Score of 35, which is equal to the auto part industry average of 35.
BWA passed 13 out of 38 due diligence checks and has average fundamentals. Borgwarner has seen its stock return 80.41% over the past year, overperforming other auto part stocks by 60 percentage points.
Borgwarner has an average 1 year
price target of $67.89, an upside of 29.98% from Borgwarner's current stock price of $52.23.
Borgwarner stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Borgwarner, 55.56% have issued a Strong Buy rating, 11.11% 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. Garrett Motion (NASDAQ:GTX)
The Component Grade breakdown for Garrett Motion (NASDAQ:GTX) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: B.
Garrett Motion (NASDAQ:GTX) has a Due Diligence Score of 35, which is equal to the auto part industry average of 35.
GTX passed 13 out of 38 due diligence checks and has average fundamentals. Garrett Motion has seen its stock return 89.07% over the past year, overperforming other auto part stocks by 69 percentage points.
Garrett Motion has an average 1 year
price target of $20.00, an upside of 17.92% from Garrett Motion's current stock price of $16.96.
Garrett Motion stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Garrett Motion, 50% have issued a Strong Buy rating, 25% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.