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Best Auto Part Stocks to Buy Now (2022)
Top auto part stocks in 2022 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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
BWA
BORGWARNER INC
$8.55B$35.69$44.7125.28%Hold78.11%32.08%18.25%7.71%
CVGI
COMMERCIAL VEHICLE GROUP INC
$180.87M$5.49$15.00173.22%Strong Buy12.65%55.00%34.07%8.09%
MOD
MODINE MANUFACTURING CO
$577.40M$11.11$18.0062.02%Strong Buy1N/A14.50%24.79%7.83%
ALV
AUTOLIV INC
$6.72B$76.97$96.7025.63%Buy1112.44%37.60%29.92%10.24%
MGA
MAGNA INTERNATIONAL INC
$17.16B$57.87$77.3833.70%Strong Buy88.27%32.15%24.42%9.86%
DAN
DANA INC
$2.18B$15.19$20.1732.76%Buy67.64%53.74%20.77%4.98%
XPEL
XPEL INC
$1.30B$46.94$76.5062.97%Strong Buy115.90%30.77%66.46%32.56%
GNTX
GENTEX CORP
$6.69B$28.54$39.0036.65%Strong Buy212.74%16.31%26.25%23.23%
MTOR
MERITOR INC
$2.56B$36.16$31.17-13.81%Hold33.74%17.74%46.96%9.60%
WPRT
WESTPORT FUEL SYSTEMS INC
$193.43M$1.13$6.00430.97%Buy211.83%-51.00%14.02%7.43%
SMP
STANDARD MOTOR PRODUCTS INC
$974.29M$44.63$62.0038.92%Strong Buy12.77%15.84%17.52%8.18%
VC
VISTEON CORP
$3.04B$108.05$131.4421.65%Buy1015.34%109.80%48.32%11.66%
ALSN
ALLISON TRANSMISSION HOLDINGS INC
$3.69B$37.97$40.005.35%Sell25.19%16.80%N/AN/A
LKQ
LKQ CORP
$14.12B$49.92$62.0024.20%Buy11.32%6.14%24.11%10.91%
LEA
LEAR CORP
$8.02B$134.21$177.8232.49%Buy1110.39%112.81%26.43%8.95%
THRM
GENTHERM INC
$2.19B$66.18$102.3354.63%Strong Buy312.46%19.72%20.31%13.77%
KNDI
KANDI TECHNOLOGIES GROUP INC
$197.59M$2.61$5.0091.57%Buy1N/AN/AN/AN/A
STRT
STRATTEC SECURITY CORP
$132.30M$33.40N/AN/AN/AN/A5.83%33.88%12.60%7.45%
PLOW
DOUGLAS DYNAMICS INC
$676.99M$29.58$45.0052.13%Strong Buy1N/A57.80%25.09%9.44%
DORM
DORMAN PRODUCTS INC
$3.29B$104.71$129.0023.20%Strong Buy112.37%30.81%19.77%11.00%
WKSP
WORKSPORT LTD
$34.34M$2.02$8.00296.04%Strong Buy1593.38%N/A10.66%10.01%
LIDR
AEYE INC
$366.64M$2.33$13.67486.57%Strong Buy3236.25%N/A43.82%36.28%
AEVA
AEVA TECHNOLOGIES INC
$777.96M$3.59$10.00178.55%Strong Buy4182.60%N/A45.22%43.13%
MPAA
MOTORCAR PARTS AMERICA INC
$256.57M$13.42$22.0063.93%Strong Buy15.61%158.54%15.40%4.78%
MLR
MILLER INDUSTRIES INC
$261.33M$22.89N/AN/AN/AN/AN/AN/AN/AN/A
MNRO
MONRO INC
$1.53B$45.50$47.003.30%Hold15.08%10.44%9.52%3.98%
GTX
GARRETT MOTION INC
$512.18M$7.94$15.0088.92%Buy1N/AN/AN/AN/A
ADNT
ADIENT PLC
$3.14B$33.17$44.0032.65%Buy68.65%-40.21%16.31%3.78%
APTV
APTIV PLC
$26.30B$97.09$158.9263.68%Buy1215.16%88.11%29.53%12.15%
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
$84.84M$2.75$6.00118.18%Strong Buy1-2.23%-80.77%2.87%1.27%
SYPR
SYPRIS SOLUTIONS INC
$51.31M$2.32N/AN/AN/AN/AN/AN/AN/AN/A
GT
GOODYEAR TIRE & RUBBER CO
$3.30B$11.68$18.4658.05%Buy66.20%-4.90%17.07%3.88%
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
$229.08M$0.71$4.00463.38%Strong Buy1N/AN/AN/AN/A
HYLN
HYLIION HOLDINGS CORP
$669.28M$3.85$8.33116.44%Hold4607.02%N/A-28.63%-27.56%
RMO
ROMEO POWER INC
$79.70M$0.53N/AN/AHold164.60%N/A-40.59%-31.64%
SRI
STONERIDGE INC
$470.91M$17.24$25.5047.91%Buy210.88%N/A8.09%3.65%
ALLG
ALLEGO NV
$1.65B$6.19$16.75170.60%Strong Buy483.23%N/AN/A-17.17%
XL
XL FLEET CORP
$201.80M$1.42$6.00322.54%Hold2N/AN/AN/AN/A
INVZ
INNOVIZ TECHNOLOGIES LTD
$558.38M$4.16$7.0068.27%Strong Buy1N/AN/A-51.55%-43.17%
TEN
TENNECO INC
$1.39B$16.70$20.0019.76%Hold44.81%N/A770.87%3.49%
SES
SES AI CORP
$1.58B$4.55N/AN/AN/AN/AN/AN/AN/AN/A
QS
QUANTUMSCAPE CORP
$4.21B$9.77$23.33138.82%Hold3N/AN/A-29.45%-27.08%
CPS
COOPER-STANDARD HOLDINGS INC
$88.39M$5.18N/AN/AHold1N/AN/AN/AN/A
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
$115.47M$4.30$12.50190.70%Buy210.50%N/AN/AN/A
HLLY
HOLLEY INC
$1.22B$10.25$15.3349.59%Strong Buy77.74%N/A31.23%8.49%
HZN
HORIZON GLOBAL CORP
$53.01M$1.92$1.00-47.92%Strong Sell1N/AN/AN/AN/A
GGR
GOGORO INC
$1.67B$7.01$13.3089.73%Strong Buy2N/AN/AN/AN/A
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
$1.02B$8.93$9.405.26%Hold68.27%N/A47.73%4.04%
UFAB
UNIQUE FABRICATING INC
$15.84M$1.35$5.50307.41%Buy1N/AN/AN/AN/A

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in Jun 2022?

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

1. BORGWARNER (NYSE:BWA)


BORGWARNER (NYSE:BWA) is the top auto part stock with a Zen Score of 66, which is 27 points higher than the auto part industry average of 39. It passed 24 out of 38 due diligence checks and has strong fundamentals. BORGWARNER has seen its stock lose -26.82% over the past year, overperforming other auto part stocks by 1 percentage points.

BORGWARNER has an average 1 year price target of $44.71, an upside of 25.28% from BORGWARNER's current stock price of $35.69.

BORGWARNER stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering BORGWARNER, 14.29% have issued a Strong Buy rating, 0% have issued a Buy, 71.43% have issued a hold, while 0% have issued a Sell rating, and 14.29% have issued a Strong Sell.

2. COMMERCIAL VEHICLE GROUP (NASDAQ:CVGI)


COMMERCIAL VEHICLE GROUP (NASDAQ:CVGI) is the second best auto part stock with a Zen Score of 63, which is 24 points higher than the auto part industry average of 39. It passed 20 out of 33 due diligence checks and has strong fundamentals. COMMERCIAL VEHICLE GROUP has seen its stock lose -50.54% over the past year, underperforming other auto part stocks by -23 percentage points.

COMMERCIAL VEHICLE GROUP has an average 1 year price target of $15.00, an upside of 173.22% from COMMERCIAL VEHICLE GROUP's current stock price of $5.49.

COMMERCIAL VEHICLE GROUP stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering COMMERCIAL VEHICLE GROUP, 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.

3. AUTOLIV (NYSE:ALV)


AUTOLIV (NYSE:ALV) is the third best auto part stock with a Zen Score of 63, which is 24 points higher than the auto part industry average of 39. It passed 23 out of 38 due diligence checks and has strong fundamentals. AUTOLIV has seen its stock lose -22.82% over the past year, overperforming other auto part stocks by 5 percentage points.

AUTOLIV has an average 1 year price target of $96.70, an upside of 25.63% from AUTOLIV's current stock price of $76.97.

AUTOLIV stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering AUTOLIV, 36.36% have issued a Strong Buy rating, 27.27% have issued a Buy, 27.27% have issued a hold, while 9.09% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the auto part stocks with highest dividends?

Out of 12 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 3.89%, which is 1 percentage points higher than the auto part industry average of 2.5%. 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 105% indicates that its dividend yield might not be sustainable for the long-term.

2. AUTOLIV (NYSE:ALV)


AUTOLIV (NYSE:ALV) has an annual dividend yield of 3.3%, which is 1 percentage points higher than the auto part industry average of 2.5%. AUTOLIV's dividend payout is stable, having never dropped by more than 10% in the last 10 years. AUTOLIV's dividend has shown consistent growth over the last 10 years.

AUTOLIV's dividend payout ratio of 61% indicates that its dividend yield is sustainable for the long-term.

3. MILLER INDUSTRIES (NYSE:MLR)


MILLER INDUSTRIES (NYSE:MLR) has an annual dividend yield of 3.15%, which is 1 percentage points higher than the auto part industry average of 2.5%. MILLER INDUSTRIES's dividend payout is stable, having never dropped by more than 10% in the last 10 years. MILLER INDUSTRIES's dividend has shown consistent growth over the last 10 years.

MILLER INDUSTRIES's dividend payout ratio of 54.5% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 3.32% in the last day, and up 7.83% over the last week. GENTHERM was the among the top gainers in the auto parts industry, gaining 10.71% yesterday.

Shares of several companies in the auto & auto components space are trading higher as stocks rebound following last week's selloff. The sector has experienced volatility amid Fed policy tightening measures to curb inflation which may lead to a slowdown in economic growth and consumer spending.

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 48 points higher than the auto part industry average of 38. It passed 6 out of 7 valuation due diligence checks.

STRATTEC SECURITY's stock has dropped -27.14% in the past year. It has overperformed other stocks in the auto part industry by 1 percentage points.

2. COMMERCIAL VEHICLE GROUP (NASDAQ:CVGI)


COMMERCIAL VEHICLE GROUP (NASDAQ:CVGI) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. COMMERCIAL VEHICLE GROUP has a valuation score of 86, which is 48 points higher than the auto part industry average of 38. It passed 6 out of 7 valuation due diligence checks.

COMMERCIAL VEHICLE GROUP's stock has dropped -50.54% in the past year. It has underperformed other stocks in the auto part industry by -23 percentage points.

3. WESTPORT FUEL SYSTEMS (NASDAQ:WPRT)


WESTPORT FUEL SYSTEMS (NASDAQ:WPRT) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. WESTPORT FUEL SYSTEMS has a valuation score of 71, which is 33 points higher than the auto part industry average of 38. It passed 5 out of 7 valuation due diligence checks.

WESTPORT FUEL SYSTEMS's stock has dropped -80.07% in the past year. It has underperformed other stocks in the auto part industry by -52 percentage points.

Are auto part stocks a good buy now?

42.22% of auto part stocks rated by analysts are a strong buy right now. On average, analysts expect auto part stocks to rise by 40.12% 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 25.19x.
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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.