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. Dorman Products (NASDAQ:DORM)
The Component Grade breakdown for Dorman Products (NASDAQ:DORM) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: B.
Dorman Products (NASDAQ:DORM) has a Due Diligence Score of 58, which is 26 points higher than the auto part industry average of 32.
DORM passed 19 out of 33 due diligence checks and has strong fundamentals. Dorman Products has seen its stock return 29.56% over the past year, overperforming other auto part stocks by 49 percentage points.
Dorman Products has an average 1 year
price target of $153.00, an upside of 35.04% from Dorman Products's current stock price of $113.30.
Dorman Products stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.
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: C.
Strattec Security (NASDAQ:STRT) has a Due Diligence Score of 41, which is 9 points higher than the auto part industry average of 32.
STRT passed 16 out of 38 due diligence checks and has strong fundamentals. Strattec Security has seen its stock return 46.14% over the past year, overperforming other auto part stocks by 65 percentage points.
3. Motorcar Parts Of America (NASDAQ:MPAA)
The Component Grade breakdown for Motorcar Parts Of America (NASDAQ:MPAA) is: Value: B, Growth: A, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.
Motorcar Parts Of America (NASDAQ:MPAA) has a Due Diligence Score of 22, which is -10 points lower than the auto part industry average of 32. Although this number is below the industry average, our proven quant model rates MPAA as a "A".
MPAA passed 7 out of 33 due diligence checks and has weak fundamentals. Motorcar Parts Of America has seen its stock return 56.87% over the past year, overperforming other auto part stocks by 76 percentage points.