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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	$125.18	$90.96	37.63%	19.53x	13.03x	0.97x	4.20x	0.79x	$585.00M	5.68%	$2.43B	29.50	$11.93B	10.30
MGA	MAGNA INTERNATIONAL INC	$47.49	$144.70	-67.18%	13.45x	4.87x	0.32x	1.18x	0.13x	$595.00M	4.37%	$11.52B	40.16	$20.05B	N/A
DORM	DORMAN PRODUCTS INC	$91.33	$64.47	41.65%	18.34x	14.52x	1.47x	2.41x	0.86x	$190.34M	6.69%	$1.17B	37.72	$3.45B	11.23
LEA	LEAR CORP	$130.68	$272.13	-51.98%	14.19x	6.90x	0.32x	1.52x	0.21x	$622.00M	8.31%	$4.89B	85.46	$9.26B	6.48
XPEL	XPEL INC	$33.65	$39.55	-14.91%	19.45x	12.06x	2.32x	4.99x	0.39x	$24.14M	2.60%	$186.42M	6.75	$962.38M	13.46
ALSN	ALLISON TRANSMISSION HOLDINGS INC	$75.14	N/A	N/A	9.93x	11.96x	2.13x	4.90x	N/A	$652.00M	9.92%	$1.34B	15.34	$8.43B	7.86
GNTX	GENTEX CORP	$34.65	$11.94	190.26%	18.24x	N/A	3.43x	3.37x	8.04x	$373.67M	4.66%	$2.38B	10.28	$7.76B	12.73
MLR	MILLER INDUSTRIES INC	$59.87	$50.97	17.45%	10.36x	N/A	0.56x	1.90x	1.09x	$12.09M	1.76%	$362.36M	31.64	$715.63M	6.93
MOD	MODINE MANUFACTURING CO	$102.22	$43.39	135.57%	23.66x	N/A	2.21x	7.34x	1.82x	$155.30M	2.90%	$727.40M	13.91	$5.52B	18.78
BWA	BORGWARNER INC	$37.09	$82.24	-54.90%	14.00x	6.54x	0.55x	1.45x	0.19x	$565.00M	6.69%	$5.84B	25.65	$11.15B	11.39
VC	VISTEON CORP	$114.19	N/A	N/A	6.48x	11.20x	0.80x	3.00x	N/A	$214.00M	6.79%	$1.05B	38.01	$3.10B	8.51
STRT	STRATTEC SECURITY CORP	$24.79	$66.26	-62.59%	24.79x	5.18x	0.19x	0.52x	0.14x	-$14.34M	-14.51%	$193.83M	48.60	$104.26M	3.83
DAN	DANA INC	$14.03	$18.43	-23.87%	155.89x	5.70x	0.19x	1.32x	0.27x	$97.00M	4.78%	$1.54B	10.63	$4.62B	6.37
LKQ	LKQ CORP	$44.67	$35.86	24.55%	14.46x	9.77x	0.84x	1.93x	0.83x	$1.04B	8.73%	$6.16B	23.09	$17.19B	10.09
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	$3.55	$22.83	-84.45%	2.75x	N/A	0.19x	0.30x	0.08x	$15.05M	14.06%	$358.42M	11.87	-$8.95M	-0.14
ADNT	ADIENT PLC	$29.12	$62.66	-53.52%	17.54x	6.88x	0.17x	1.26x	0.19x	$385.00M	14.61%	$2.08B	22.93	$4.25B	6.47
APTV	APTIV PLC	$82.11	N/A	N/A	7.73x	11.55x	1.12x	2.01x	N/A	$1.25B	5.54%	$11.12B	40.41	$28.05B	12.11
HLLY	HOLLEY INC	$3.85	$17.61	-78.13%	24.06x	5.13x	0.70x	1.04x	0.08x	$98.44M	21.69%	$444.92M	3.78	$989.99M	9.15
THRM	GENTHERM INC	$50.44	$10.40	384.89%	34.55x	N/A	1.09x	2.47x	7.39x	$41.60M	2.61%	$647.06M	20.51	$1.72B	13.63
PLOW	DOUGLAS DYNAMICS INC	$25.59	N/A	N/A	21.33x	N/A	1.01x	2.72x	N/A	$38.66M	6.57%	$217.16M	9.44	$853.16M	10.75
CVGI	COMMERCIAL VEHICLE GROUP INC	$5.28	N/A	N/A	3.97x	N/A	0.18x	1.03x	N/A	$14.43M	8.20%	$175.54M	5.27	$290.43M	5.17
XOS	XOS INC	$8.45	N/A	N/A	-0.79x	-0.97x	0.97x	0.98x	N/A	-$39.71M	-76.93%	$67.81M	11.10	$39.18M	-0.68
SMP	STANDARD MOTOR PRODUCTS INC	$31.73	N/A	N/A	22.35x	N/A	0.51x	1.08x	N/A	$84.63M	12.17%	$639.15M	29.15	$970.64M	10.89
HSAI	HESAI GROUP	$5.15	N/A	N/A	-9.77x	N/A	2.47x	1.22x	N/A	-$48.34M	-7.51%	$534.21M	4.28	$511.20M	-10.51
KNDI	KANDI TECHNOLOGIES GROUP INC	$2.23	N/A	N/A	111.50x	N/A	1.42x	0.48x	N/A	-$114.41M	-65.11%	$404.12M	5.13	$142.71M	9.48
AEVA	AEVA TECHNOLOGIES INC	$3.40	N/A	N/A	-1.07x	-3.09x	34.00x	0.91x	N/A	-$120.25M	-67.06%	$198.20M	3.76	$152.88M	-1.08
INVZ	INNOVIZ TECHNOLOGIES LTD	$1.22	N/A	N/A	-1.61x	N/A	7.48x	1.56x	N/A	-$93.69M	-46.39%	$129.27M	0.78	$218.82M	-1.85
WPRT	WESTPORT FUEL SYSTEMS INC	$6.31	N/A	N/A	-2.03x	21.03x	0.33x	0.74x	N/A	-$21.92M	-20.17%	$146.70M	8.52	$139.71M	-3.86
MNRO	MONRO INC	$26.65	N/A	N/A	24.68x	N/A	0.65x	1.21x	N/A	$144.94M	17.58%	$659.72M	21.33	$1.39B	9.85
HYLN	HYLIION HOLDINGS CORP	$1.59	N/A	N/A	-2.61x	-1.61x	795.00x	0.99x	N/A	-$113.08M	-39.87%	$280.41M	1.57	$269.64M	-2.56
FOXF	FOX FACTORY HOLDING CORP	$46.97	N/A	N/A	26.24x	N/A	1.40x	1.64x	N/A	$209.29M	10.70%	$1.19B	28.63	$2.65B	14.91
HYZN	HYZON MOTORS INC	$0.55	N/A	N/A	-0.71x	-7.84x	13.07x	1.36x	N/A	-$125.16M	-93.08%	$99.34M	0.41	$89.98M	-0.49
WKSP	WORKSPORT LTD	$0.64	N/A	N/A	-0.78x	3.19x	6.71x	0.86x	N/A	-$14.61M	-108.16%	$18.90M	0.89	$18.35M	-1.38
SRI	STONERIDGE INC	$16.86	N/A	N/A	-120.43x	N/A	0.48x	1.68x	N/A	-$10.35M	-2.23%	$277.26M	10.07	$621.19M	15.07
MBLY	MOBILEYE GLOBAL INC	$28.58	N/A	N/A	-136.10x	N/A	12.38x	1.56x	N/A	$169.00M	0.73%	$14.76B	18.32	$21.82B	59.63
MPAA	MOTORCAR PARTS OF AMERICA INC	$4.95	N/A	N/A	-1.98x	N/A	0.13x	0.35x	N/A	$47.06M	48.42%	$281.75M	14.35	$315.69M	4.06
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	$1.18	N/A	N/A	-0.66x	N/A	26.22x	1.16x	N/A	-$15.05M	-115.51%	$15.39M	1.39	$3.80M	N/A
SES	SES AI CORP	$1.26	N/A	N/A	-7.88x	N/A	N/A	1.29x	N/A	-$66.55M	-16.59%	$347.39M	1.09	$332.35M	-7.02
QS	QUANTUMSCAPE CORP	$5.60	N/A	N/A	-5.83x	-5.33x	N/A	2.22x	N/A	-$306.27M	-11.02%	$1.26B	2.54	$2.70B	-6.65
PHIN	PHINIA INC	$44.98	N/A	N/A	N/A	N/A	0.59x	1.11x	N/A	$159.00M	7.67%	$1.85B	40.13	$2.53B	9.22
LAZR	LUMINAR TECHNOLOGIES INC	$1.72	N/A	N/A	-1.26x	34.40x	9.61x	-2.74x	N/A	-$275.38M	-37.67%	-$279.85M	-0.66	$1.32B	-2.66
ECX	ECARX HOLDINGS INC	$1.48	N/A	N/A	-0.53x	N/A	0.11x	-3.85x	N/A	-$1.30B	-261.01%	-$129.78M	-0.39	$1.72B	-2.33
SYPR	SYPRIS SOLUTIONS INC	$1.34	N/A	N/A	-7.88x	N/A	0.21x	1.46x	N/A	-$13.30M	-45.22%	$20.85M	0.95	$41.73M	19.23
CPS	COOPER-STANDARD HOLDINGS INC	$14.28	N/A	N/A	-2.40x	N/A	0.09x	-2.13x	N/A	$4.39M	1.78%	-$115.84M	-6.70	$1.33B	9.07
GTX	GARRETT MOTION INC	$9.47	N/A	N/A	-9.97x	N/A	0.59x	-2.91x	N/A	$350.00M	15.62%	-$735.00M	-3.11	$3.58B	6.25
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	$7.95	N/A	N/A	-99.38x	4.30x	0.15x	1.50x	N/A	$189.40M	20.26%	$621.40M	5.29	$3.34B	4.79
GT	GOODYEAR TIRE & RUBBER CO	$12.95	N/A	N/A	-5.73x	3.35x	0.19x	0.80x	N/A	$378.00M	10.21%	$4.64B	16.21	$12.10B	12.76
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	$3.65	N/A	N/A	-0.64x	N/A	0.08x	-0.85x	N/A	-$3.03M	-2.90%	-$122.91M	-4.30	$522.94M	23.49
CREV	CARBON REVOLUTION PUBLIC LTD CO	$11.03	N/A	N/A	-69.37x	N/A	17.26x	N/A	N/A	-$27.64M	-9.92%	$6.63M	0.26	N/A	N/A
NCNC	NOCO-NOCO INC	$0.19	N/A	N/A	-1.32x	N/A	N/A	-6.81x	N/A	-$2.99M	-12.97%	-$3.68M	-0.03	$25.25M	-1.50

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 44.83% 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 6.11% from Autoliv's current stock price of $125.18.

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 57, which is 24 points higher than the auto part industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock lose -9.18% over the past year, underperforming other auto part stocks by -6 percentage points.

Magna International has an average 1 year price target of $58.71, an upside of 23.63% from Magna International's current stock price of $47.49.

Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Magna International, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM) is the third best auto part stock with a Zen Score of 56, which is 23 points higher than the auto part industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Dorman Products has seen its stock return 4.48% over the past year, overperforming other auto part stocks by 8 percentage points.

Dorman Products has an average 1 year price target of $103.00, an upside of 12.78% from Dorman Products's current stock price of $91.33.

Dorman Products stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Dorman Products, 50% have issued a Strong Buy rating, 50% 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 4.61%, which is 2 percentage points higher than the auto part industry average of 2.56%. 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 4.2%, which is 2 percentage points higher than the auto part industry average of 2.56%. 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 3.94%, which is 1 percentage points higher than the auto part industry average of 2.56%. 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 52.5% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks down?

Auto part stocks were down -0.71% in the last day, and up 0.22% 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 100, which is 70 points higher than the auto part industry average of 30. It passed 7 out of 7 valuation due diligence checks.

Strattec Security's stock has gained 38.03% in the past year. It has overperformed other stocks in the auto part industry by 41 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 41 points higher than the auto part industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Dorman Products's stock has gained 4.48% in the past year. It has overperformed other stocks in the auto part industry by 8 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 41 points higher than the auto part industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -16.48% in the past year. It has underperformed other stocks in the auto part industry by -13 percentage points.

Are auto part stocks a good buy now?

42.42% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 20.23% 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 -9.34x.

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.