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Best Auto Part Stocks to Buy Now (2023)
Top auto part stocks in 2023 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
MGA
MAGNA INTERNATIONAL INC
$15.58B$54.41$65.9021.12%Buy101.87%127.51%24.73%8.77%
ALV
AUTOLIV INC
$8.32B$97.49$103.566.22%Buy95.50%44.28%35.02%11.20%
XPEL
XPEL INC
$2.09B$75.67$100.5032.81%Strong Buy211.94%24.43%50.27%35.57%
LEA
LEAR CORP
$7.90B$134.48$163.3821.49%Buy83.33%67.69%22.33%7.51%
BWA
BORGWARNER INC
$9.70B$41.28$53.2028.88%Strong Buy101.92%25.12%17.65%7.70%
VC
VISTEON CORP
$3.92B$138.87$161.0015.94%Hold7-4.41%62.13%40.80%12.39%
HLLY
HOLLEY INC
$611.52M$5.12$8.8973.69%Strong Buy716.10%104.31%20.57%7.16%
ALSN
ALLISON TRANSMISSION HOLDINGS INC
$5.32B$59.43$51.00-14.18%Sell5-3.07%-0.55%N/AN/A
MLR
MILLER INDUSTRIES INC
$450.61M$39.37N/AN/AN/AN/AN/AN/AN/AN/A
GNTX
GENTEX CORP
$7.54B$32.31$35.008.33%Buy4N/AN/A21.26%18.77%
FOXF
FOX FACTORY HOLDING CORP
$4.17B$98.41$127.2029.26%Strong Buy5N/AN/A20.27%13.63%
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
$110.18M$3.65N/AN/AN/AN/AN/AN/A2.85%1.32%
MOD
MODINE MANUFACTURING CO
$2.38B$45.61$46.501.95%Strong Buy4-2.16%-37.22%18.11%7.19%
MNRO
MONRO INC
$884.42M$28.15N/AN/AN/AN/A14.15%102.70%10.17%4.03%
DORM
DORMAN PRODUCTS INC
$2.35B$74.59$109.5046.80%Buy2-7.69%103.99%18.24%8.78%
PLOW
DOUGLAS DYNAMICS INC
$695.95M$30.28$43.0042.01%Strong Buy2N/AN/A21.91%8.14%
APTV
APTIV PLC
$28.02B$99.08$132.1533.38%Buy1310.04%39.46%N/AN/A
LKQ
LKQ CORP
$13.35B$49.89$65.5031.29%Strong Buy22.90%8.83%N/AN/A
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
$877.93M$7.50$9.0020.00%Hold23.85%316.22%33.59%3.93%
SMP
STANDARD MOTOR PRODUCTS INC
$719.35M$33.11N/AN/AN/AN/AN/AN/A15.77%7.62%
ADNT
ADIENT PLC
$3.47B$37.10$48.0029.38%Hold5-1.18%186.07%18.22%4.18%
KNDI
KANDI TECHNOLOGIES GROUP INC
$273.48M$3.46N/AN/AN/AN/AN/AN/A-0.20%-0.17%
HYLN
HYLIION HOLDINGS CORP
$224.71M$1.24$1.6331.05%Sell288.94%N/A-49.40%-45.89%
DAN
DANA INC
$2.17B$15.04$18.8025.00%Hold52.78%N/A21.88%4.41%
CVGI
COMMERCIAL VEHICLE GROUP INC
$263.55M$7.81$13.0066.45%Buy1N/AN/A30.28%8.70%
AEVA
AEVA TECHNOLOGIES INC
$161.48M$0.73$3.15334.07%Hold3497.48%N/AN/AN/A
LAZR
LUMINAR TECHNOLOGIES INC
$1.69B$4.32$9.88128.59%Buy4177.11%N/A-202.52%43.61%
WKSP
WORKSPORT LTD
$43.24M$2.48N/AN/AN/AN/A5,290.94%N/A17.98%12.92%
WPRT
WESTPORT FUEL SYSTEMS INC
$109.75M$6.39$17.75177.78%Buy415.52%N/AN/AN/A
SRI
STONERIDGE INC
$546.58M$19.86$23.0015.81%Strong Buy1N/AN/A7.43%3.01%
STRT
STRATTEC SECURITY CORP
$91.99M$22.90N/AN/AN/AN/A8.64%N/A10.40%5.64%
GTX
GARRETT MOTION INC
$1.96B$7.59N/AN/AN/AN/AN/AN/A-46.94%10.11%
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
$24.19M$2.27N/AN/AN/AN/AN/AN/AN/AN/A
MBLY
MOBILEYE GLOBAL INC
$32.39B$40.20$48.0019.40%Strong Buy17N/AN/AN/AN/A
LIDR
AEYE INC
$36.96M$0.20N/AN/AN/AN/A355.50%N/AN/AN/A
MPAA
MOTORCAR PARTS OF AMERICA INC
$147.94M$7.55N/AN/AN/AN/A8.22%N/A14.18%4.33%
GGR
GOGORO INC
$600.75M$2.59$6.30143.24%Strong Buy1N/AN/AN/AN/A
SYPR
SYPRIS SOLUTIONS INC
$43.71M$1.95N/AN/AN/AN/AN/AN/AN/AN/A
INVZ
INNOVIZ TECHNOLOGIES LTD
$267.01M$1.95$5.00156.41%Strong Buy3N/AN/A-118.17%-81.28%
SES
SES AI CORP
$695.59M$1.98$4.00102.02%Sell1N/AN/AN/AN/A
GT
GOODYEAR TIRE & RUBBER CO
$3.54B$12.49$14.4015.29%Hold58.06%N/A21.49%4.81%
THRM
GENTHERM INC
$1.81B$54.85$66.5021.24%Buy2N/AN/A18.55%10.00%
QS
QUANTUMSCAPE CORP
$2.86B$6.39$7.2012.68%Hold5N/AN/A-39.52%-34.89%
CPS
COOPER-STANDARD HOLDINGS INC
$246.61M$14.34N/AN/AN/AN/AN/AN/AN/AN/A
ALLG
ALLEGO NV
$633.23M$2.37$6.50174.26%Strong Buy3N/AN/AN/A-9.13%
UFAB
UNIQUE FABRICATING INC
$2.59M$0.22N/AN/AN/AN/AN/AN/AN/AN/A
HSAI
HESAI GROUP
$1.32B$10.51N/AN/AN/AN/AN/AN/AN/AN/A
ECX
ECARX HOLDINGS INC
$1.15B$3.41$10.00193.26%Strong Buy1N/AN/AN/AN/A
ID
PARTS ID INC
$9.48M$0.27N/AN/AN/AN/AN/AN/AN/AN/A
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
$91.02M$3.24$10.00208.64%Buy1N/AN/AN/AN/A
PHIN
PHINIA INC
$1.21B$25.71$36.0040.02%Buy1N/AN/AN/AN/A

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in Sep 2023?

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

1. Magna International (NYSE:MGA)


Magna International (NYSE:MGA) is the top auto part stock with a Zen Score of 63, which is 30 points higher than the auto part industry average of 33. It passed 23 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock return 6.77% over the past year, underperforming other auto part stocks by -9 percentage points.

Magna International has an average 1 year price target of $65.90, an upside of 21.12% from Magna International's current stock price of $54.41.

Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Magna International, 20% have issued a Strong Buy rating, 20% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Autoliv (NYSE:ALV)


Autoliv (NYSE:ALV) is the second best auto part stock with a Zen Score of 59, which is 26 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 42.78% over the past year, overperforming other auto part stocks by 27 percentage points.

Autoliv has an average 1 year price target of $103.56, an upside of 6.22% from Autoliv's current stock price of $97.49.

Autoliv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Autoliv, 44.44% have issued a Strong Buy rating, 0% have issued a Buy, 55.56% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Xpel (NASDAQ:XPEL)


Xpel (NASDAQ:XPEL) is the third best auto part stock with a Zen Score of 58, which is 25 points higher than the auto part industry average of 33. It passed 20 out of 33 due diligence checks and has strong fundamentals. Xpel has seen its stock return 25.61% over the past year, overperforming other auto part stocks by 10 percentage points.

Xpel has an average 1 year price target of $100.50, an upside of 32.81% from Xpel's current stock price of $75.67.

Xpel stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Xpel, 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.

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. Monro (NASDAQ:MNRO)


Monro (NASDAQ:MNRO) has an annual dividend yield of 3.98%, which is 1 percentage points higher than the auto part industry average of 2.5%. 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 100.9% indicates that its dividend yield might not be sustainable for the long-term.

2. Douglas Dynamics (NYSE:PLOW)


Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 3.88%, 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 78% indicates that its dividend yield is sustainable for the long-term.

3. Standard Motor Products (NYSE:SMP)


Standard Motor Products (NYSE:SMP) has an annual dividend yield of 3.44%, which is 1 percentage points higher than the auto part industry average of 2.5%. Standard Motor Products's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Standard Motor Products's dividend has shown consistent growth over the last 10 years.

Standard Motor Products's dividend payout ratio of 64% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 0.96% in the last day, and down -0.92% over the last week.

We couldn't find a catalyst for why auto part stocks are up.

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. China Automotive Systems (NASDAQ:CAAS)


China Automotive Systems (NASDAQ:CAAS) is the most undervalued auto part stock based on WallStreetZen's Valuation Score. China Automotive Systems has a valuation score of 86, which is 59 points higher than the auto part industry average of 27. It passed 6 out of 7 valuation due diligence checks.

China Automotive Systems's stock has dropped -10.76% in the past year. It has underperformed other stocks in the auto part industry by -26 percentage points.

2. Borgwarner (NYSE:BWA)


Borgwarner (NYSE:BWA) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Borgwarner has a valuation score of 71, which is 44 points higher than the auto part industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has gained 23.78% in the past year. It has overperformed other stocks in the auto part industry by 8 percentage points.

3. Monro (NASDAQ:MNRO)


Monro (NASDAQ:MNRO) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Monro has a valuation score of 71, which is 44 points higher than the auto part industry average of 27. It passed 5 out of 7 valuation due diligence checks.

Monro's stock has dropped -34.93% in the past year. It has underperformed other stocks in the auto part industry by -50 percentage points.

Are auto part stocks a good buy now?

37.14% of auto part stocks rated by analysts are a strong buy right now. On average, analysts expect auto part stocks to rise by 25.72% 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 -33.03x.
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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.