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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
$9.54B$40.74$49.5021.50%Buy85.80%20.48%19.60%8.26%
XPEL
XPEL INC
$1.85B$66.82$104.0055.64%Strong Buy112.75%24.63%67.03%40.93%
MGA
MAGNA INTERNATIONAL INC
$16.84B$58.48$72.6024.15%Buy105.37%47.32%26.88%10.53%
CVGI
COMMERCIAL VEHICLE GROUP INC
$234.29M$7.02$10.0042.45%Buy13.96%130.77%31.71%8.26%
GNTX
GENTEX CORP
$6.45B$27.50$34.0023.64%Strong Buy24.24%9.63%23.07%20.30%
ALV
AUTOLIV INC
$7.06B$81.33$91.3812.35%Buy88.29%30.64%36.58%12.36%
SMP
STANDARD MOTOR PRODUCTS INC
$787.96M$36.53$62.0069.72%Strong Buy11.35%34.77%16.45%7.48%
ALSN
ALLISON TRANSMISSION HOLDINGS INC
$3.98B$43.07$36.60-15.02%Strong Sell51.87%7.73%N/AN/A
LIDR
AEYE INC
$144.95M$0.90$6.50622.22%Buy2219.19%N/A62.38%45.96%
STRT
STRATTEC SECURITY CORP
$93.34M$23.25N/AN/AN/AN/A6.49%62.23%10.17%6.01%
VC
VISTEON CORP
$4.08B$144.92$135.85-6.26%Buy135.46%33.22%51.72%12.34%
LKQ
LKQ CORP
$14.28B$53.46$64.0019.72%Strong Buy21.63%2.16%24.32%10.97%
MOD
MODINE MANUFACTURING CO
$1.05B$20.24$25.0023.52%Buy12.95%-2.40%25.88%8.27%
PLOW
DOUGLAS DYNAMICS INC
$859.40M$37.55$37.00-1.46%Strong Buy1N/A5.92%22.55%7.93%
HLLY
HOLLEY INC
$315.05M$2.64$8.86235.49%Buy72.90%-0.59%21.40%7.12%
LEA
LEAR CORP
$7.73B$130.84$154.2217.87%Buy96.31%95.16%26.00%8.36%
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
$185.28M$0.57$4.00596.86%Strong Buy1N/AN/AN/AN/A
GT
GOODYEAR TIRE & RUBBER CO
$3.01B$10.65$17.2662.07%Buy74.74%-6.40%21.52%4.68%
AEVA
AEVA TECHNOLOGIES INC
$333.89M$1.53$3.44124.71%Hold4220.83%N/A51.94%48.99%
KNDI
KANDI TECHNOLOGIES GROUP INC
$189.31M$2.55$5.0096.08%Strong Buy16.68%N/A-0.19%-0.16%
EVTV
ENVIROTECH VEHICLES INC
$43.79M$2.92$14.00380.27%Strong Buy198.71%N/A1.04%1.02%
THRM
GENTHERM INC
$2.45B$73.79$79.407.60%Buy46.95%30.61%20.05%10.08%
WKSP
WORKSPORT LTD
$25.61M$1.49$5.96299.66%Strong Buy11,148.27%N/A12.77%9.63%
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
$203.22M$6.73$6.00-10.85%Strong Buy1-4.45%-44.44%3.00%1.34%
DORM
DORMAN PRODUCTS INC
$2.70B$85.87$103.0019.95%Buy33.46%13.78%19.36%10.97%
WPRT
WESTPORT FUEL SYSTEMS INC
$159.99M$0.93$4.75408.57%Buy210.70%N/A17.74%9.59%
MLR
MILLER INDUSTRIES INC
$313.85M$27.49N/AN/AN/AN/AN/AN/AN/AN/A
APTV
APTIV PLC
$25.32B$93.46$131.2540.43%Buy129.98%83.74%27.97%11.48%
DAN
DANA INC
$2.35B$16.39$17.003.72%Hold53.99%N/A21.74%4.60%
HYLN
HYLIION HOLDINGS CORP
$501.40M$2.79$3.8537.99%Sell6472.08%N/A-39.43%-37.31%
MNRO
MONRO INC
$1.55B$49.18$47.00-4.43%Hold14.99%22.47%9.81%3.96%
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
$1.08B$9.42$9.935.40%Hold94.02%595.94%43.56%3.73%
INVZ
INNOVIZ TECHNOLOGIES LTD
$652.25M$4.81$11.80145.32%Strong Buy5N/AN/A-72.43%-56.36%
GTX
GARRETT MOTION INC
$492.62M$7.60$15.0097.37%Buy13.36%N/A-71.81%2.81%
GGR
GOGORO INC
$824.28M$3.46$9.43172.63%Buy3N/AN/AN/AN/A
CPS
COOPER-STANDARD HOLDINGS INC
$107.10M$6.26N/AN/AHold1N/AN/AN/AN/A
SPRU
SPRUCE POWER HOLDING CORP
$129.71M$0.90N/AN/AHold1N/AN/AN/AN/A
QS
QUANTUMSCAPE CORP
$3.03B$6.96$12.4078.16%Hold5N/AN/A-33.02%-29.66%
SES
SES AI CORP
$1.39B$3.98$7.0075.88%Hold2N/AN/AN/AN/A
SRI
STONERIDGE INC
$621.13M$22.73$24.005.59%Buy2-1.97%N/A7.76%3.24%
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
$115.63M$4.28$19.00343.93%Buy1-1.30%N/AN/AN/A
SYPR
SYPRIS SOLUTIONS INC
$48.07M$2.17N/AN/AN/AN/AN/AN/AN/AN/A
ADNT
ADIENT PLC
$3.27B$34.48$40.0016.01%Hold77.17%N/A19.36%4.38%
MPAA
MOTORCAR PARTS OF AMERICA INC
$213.64M$11.00$22.00100.00%Strong Buy15.32%N/A14.63%4.48%
UFAB
UNIQUE FABRICATING INC
$5.58M$0.48$5.501,055.46%Buy1N/AN/AN/AN/A
HZN
HORIZON GLOBAL CORP
$15.81M$0.57$1.0075.44%Strong Sell1N/AN/AN/AN/A
ALLG
ALLEGO NV
$824.00M$3.09$15.00385.44%Strong Buy4N/AN/A-56.86%-11.83%

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in Dec 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 62, which is 28 points higher than the auto part industry average of 34. It passed 22 out of 38 due diligence checks and has strong fundamentals. Borgwarner has seen its stock lose -11.82% over the past year, overperforming other auto part stocks by 11 percentage points.

Borgwarner has an average 1 year price target of $49.50, an upside of 21.5% from Borgwarner's current stock price of $40.74.

Borgwarner stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Borgwarner, 37.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Xpel (NASDAQ:XPEL)


Xpel (NASDAQ:XPEL) is the second best auto part stock with a Zen Score of 57, which is 23 points higher than the auto part industry average of 34. It passed 20 out of 33 due diligence checks and has strong fundamentals. Xpel has seen its stock lose -2.15% over the past year, overperforming other auto part stocks by 21 percentage points.

Xpel has an average 1 year price target of $104.00, an upside of 55.64% from Xpel's current stock price of $66.82.

Xpel stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.

3. Magna International (NYSE:MGA)


Magna International (NYSE:MGA) is the third best auto part stock with a Zen Score of 55, which is 21 points higher than the auto part industry average of 34. It passed 19 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock lose -27.44% over the past year, underperforming other auto part stocks by -4 percentage points.

Magna International has an average 1 year price target of $72.60, an upside of 24.15% from Magna International's current stock price of $58.48.

Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Magna International, 50% have issued a Strong Buy rating, 20% have issued a Buy, 30% 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 12 auto part stocks that have issued dividends in the past year, the 3 auto part stocks with the highest dividend yields are:

1. Autoliv (NYSE:ALV)


Autoliv (NYSE:ALV) has an annual dividend yield of 3.17%, which is 1 percentage points higher than the auto part industry average of 2.49%. 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 58.4% indicates that its dividend yield is sustainable for the long-term.

2. Magna International (NYSE:MGA)


Magna International (NYSE:MGA) has an annual dividend yield of 3.08%, which is 1 percentage points higher than the auto part industry average of 2.49%. 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 54.8% indicates that its dividend yield is sustainable for the long-term.

3. Douglas Dynamics (NYSE:PLOW)


Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 3.08%, which is 1 percentage points higher than the auto part industry average of 2.49%. 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 76% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 0.16% in the last day, and down -4.54% 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. Commercial Vehicle Group (NASDAQ:CVGI)


Commercial Vehicle Group (NASDAQ:CVGI) is the most undervalued auto part stock based on WallStreetZen's Valuation Score. Commercial Vehicle Group has a valuation score of 86, which is 56 points higher than the auto part industry average of 30. It passed 6 out of 7 valuation due diligence checks.

Commercial Vehicle Group's stock has dropped -21.48% in the past year. It has overperformed other stocks in the auto part industry by 2 percentage points.

2. Strattec Security (NASDAQ:STRT)


Strattec Security (NASDAQ:STRT) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Strattec Security has a valuation score of 86, which is 56 points higher than the auto part industry average of 30. It passed 6 out of 7 valuation due diligence checks.

Strattec Security's stock has dropped -37.99% in the past year. It has underperformed other stocks in the auto part industry by -15 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 -11.82% in the past year. It has overperformed other stocks in the auto part industry by 11 percentage points.

Are auto part stocks a good buy now?

43.18% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 25.68% 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 29.26x.
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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.