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. Garrett Motion (NASDAQ:GTX)
The Component Grade breakdown for Garrett Motion (NASDAQ:GTX) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: B, Financials: A, and AI: C.
Garrett Motion (NASDAQ:GTX) has a Due Diligence Score of 16, which is -16 points lower than the auto part industry average of 32. Although this number is below the industry average, our proven quant model rates GTX as a "A".
GTX passed 5 out of 33 due diligence checks and has weak fundamentals. Garrett Motion has seen its stock return 21.11% over the past year, overperforming other auto part stocks by 37 percentage points.
Garrett Motion has an average 1 year
price target of $14.00, an upside of 23.24% from Garrett Motion's current stock price of $11.36.
Garrett Motion stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Garrett Motion, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Strattec Security (NASDAQ:STRT)
The Component Grade breakdown for Strattec Security (NASDAQ:STRT) is: Value: B, Growth: C, Momentum: C, Sentiment: A, Safety: C, Financials: C, and AI: B.
Strattec Security (NASDAQ:STRT) has a Due Diligence Score of 38, which is 6 points higher than the auto part industry average of 32.
STRT passed 15 out of 38 due diligence checks and has average fundamentals. Strattec Security has seen its stock return 69.44% over the past year, overperforming other auto part stocks by 85 percentage points.
3. Dorman Products (NASDAQ:DORM)
The Component Grade breakdown for Dorman Products (NASDAQ:DORM) is: Value: C, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: C.
Dorman Products (NASDAQ:DORM) has a Due Diligence Score of 51, which is 19 points higher than the auto part industry average of 32.
DORM passed 17 out of 33 due diligence checks and has strong fundamentals. Dorman Products has seen its stock return 36.23% over the past year, overperforming other auto part stocks by 52 percentage points.