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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

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	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	$65.90	21.12%	Buy	10	1.87%	127.51%	24.73%	8.77%
ALV	AUTOLIV INC	$8.32B	$97.49	$103.56	6.22%	Buy	9	5.50%	44.28%	35.02%	11.20%
XPEL	XPEL INC	$2.09B	$75.67	$100.50	32.81%	Strong Buy	2	11.94%	24.43%	50.27%	35.57%
LEA	LEAR CORP	$7.90B	$134.48	$163.38	21.49%	Buy	8	3.33%	67.69%	22.33%	7.51%
BWA	BORGWARNER INC	$9.70B	$41.28	$53.20	28.88%	Strong Buy	10	1.92%	25.12%	17.65%	7.70%
VC	VISTEON CORP	$3.92B	$138.87	$161.00	15.94%	Hold	7	-4.41%	62.13%	40.80%	12.39%
HLLY	HOLLEY INC	$611.52M	$5.12	$8.89	73.69%	Strong Buy	7	16.10%	104.31%	20.57%	7.16%
ALSN	ALLISON TRANSMISSION HOLDINGS INC	$5.32B	$59.43	$51.00	-14.18%	Sell	5	-3.07%	-0.55%	N/A	N/A
MLR	MILLER INDUSTRIES INC	$450.61M	$39.37	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GNTX	GENTEX CORP	$7.54B	$32.31	$35.00	8.33%	Buy	4	N/A	N/A	21.26%	18.77%
FOXF	FOX FACTORY HOLDING CORP	$4.17B	$98.41	$127.20	29.26%	Strong Buy	5	N/A	N/A	20.27%	13.63%
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	$110.18M	$3.65	N/A	N/A	N/A	N/A	N/A	N/A	2.85%	1.32%
MOD	MODINE MANUFACTURING CO	$2.38B	$45.61	$46.50	1.95%	Strong Buy	4	-2.16%	-37.22%	18.11%	7.19%
MNRO	MONRO INC	$884.42M	$28.15	N/A	N/A	N/A	N/A	14.15%	102.70%	10.17%	4.03%
DORM	DORMAN PRODUCTS INC	$2.35B	$74.59	$109.50	46.80%	Buy	2	-7.69%	103.99%	18.24%	8.78%
PLOW	DOUGLAS DYNAMICS INC	$695.95M	$30.28	$43.00	42.01%	Strong Buy	2	N/A	N/A	21.91%	8.14%
APTV	APTIV PLC	$28.02B	$99.08	$132.15	33.38%	Buy	13	10.04%	39.46%	N/A	N/A
LKQ	LKQ CORP	$13.35B	$49.89	$65.50	31.29%	Strong Buy	2	2.90%	8.83%	N/A	N/A
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	$877.93M	$7.50	$9.00	20.00%	Hold	2	3.85%	316.22%	33.59%	3.93%
SMP	STANDARD MOTOR PRODUCTS INC	$719.35M	$33.11	N/A	N/A	N/A	N/A	N/A	N/A	15.77%	7.62%
ADNT	ADIENT PLC	$3.47B	$37.10	$48.00	29.38%	Hold	5	-1.18%	186.07%	18.22%	4.18%
KNDI	KANDI TECHNOLOGIES GROUP INC	$273.48M	$3.46	N/A	N/A	N/A	N/A	N/A	N/A	-0.20%	-0.17%
HYLN	HYLIION HOLDINGS CORP	$224.71M	$1.24	$1.63	31.05%	Sell	2	88.94%	N/A	-49.40%	-45.89%
DAN	DANA INC	$2.17B	$15.04	$18.80	25.00%	Hold	5	2.78%	N/A	21.88%	4.41%
CVGI	COMMERCIAL VEHICLE GROUP INC	$263.55M	$7.81	$13.00	66.45%	Buy	1	N/A	N/A	30.28%	8.70%
AEVA	AEVA TECHNOLOGIES INC	$161.48M	$0.73	$3.15	334.07%	Hold	3	497.48%	N/A	N/A	N/A
LAZR	LUMINAR TECHNOLOGIES INC	$1.69B	$4.32	$9.88	128.59%	Buy	4	177.11%	N/A	-202.52%	43.61%
WKSP	WORKSPORT LTD	$43.24M	$2.48	N/A	N/A	N/A	N/A	5,290.94%	N/A	17.98%	12.92%
WPRT	WESTPORT FUEL SYSTEMS INC	$109.75M	$6.39	$17.75	177.78%	Buy	4	15.52%	N/A	N/A	N/A
SRI	STONERIDGE INC	$546.58M	$19.86	$23.00	15.81%	Strong Buy	1	N/A	N/A	7.43%	3.01%
STRT	STRATTEC SECURITY CORP	$91.99M	$22.90	N/A	N/A	N/A	N/A	8.64%	N/A	10.40%	5.64%
GTX	GARRETT MOTION INC	$1.96B	$7.59	N/A	N/A	N/A	N/A	N/A	N/A	-46.94%	10.11%
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	$24.19M	$2.27	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
MBLY	MOBILEYE GLOBAL INC	$32.39B	$40.20	$48.00	19.40%	Strong Buy	17	N/A	N/A	N/A	N/A
LIDR	AEYE INC	$36.96M	$0.20	N/A	N/A	N/A	N/A	355.50%	N/A	N/A	N/A
MPAA	MOTORCAR PARTS OF AMERICA INC	$147.94M	$7.55	N/A	N/A	N/A	N/A	8.22%	N/A	14.18%	4.33%
GGR	GOGORO INC	$600.75M	$2.59	$6.30	143.24%	Strong Buy	1	N/A	N/A	N/A	N/A
SYPR	SYPRIS SOLUTIONS INC	$43.71M	$1.95	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
INVZ	INNOVIZ TECHNOLOGIES LTD	$267.01M	$1.95	$5.00	156.41%	Strong Buy	3	N/A	N/A	-118.17%	-81.28%
SES	SES AI CORP	$695.59M	$1.98	$4.00	102.02%	Sell	1	N/A	N/A	N/A	N/A
GT	GOODYEAR TIRE & RUBBER CO	$3.54B	$12.49	$14.40	15.29%	Hold	5	8.06%	N/A	21.49%	4.81%
THRM	GENTHERM INC	$1.81B	$54.85	$66.50	21.24%	Buy	2	N/A	N/A	18.55%	10.00%
QS	QUANTUMSCAPE CORP	$2.86B	$6.39	$7.20	12.68%	Hold	5	N/A	N/A	-39.52%	-34.89%
CPS	COOPER-STANDARD HOLDINGS INC	$246.61M	$14.34	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ALLG	ALLEGO NV	$633.23M	$2.37	$6.50	174.26%	Strong Buy	3	N/A	N/A	N/A	-9.13%
UFAB	UNIQUE FABRICATING INC	$2.59M	$0.22	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HSAI	HESAI GROUP	$1.32B	$10.51	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ECX	ECARX HOLDINGS INC	$1.15B	$3.41	$10.00	193.26%	Strong Buy	1	N/A	N/A	N/A	N/A
ID	PARTS ID INC	$9.48M	$0.27	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	$91.02M	$3.24	$10.00	208.64%	Buy	1	N/A	N/A	N/A	N/A
PHIN	PHINIA INC	$1.21B	$25.71	$36.00	40.02%	Buy	1	N/A	N/A	N/A	N/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.

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.