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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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
MGA	MAGNA INTERNATIONAL INC	$13.96B	$42.80B	$1.69B	$1.21B	$4.24	13.10%	0.95%	107.84%	-8.61%	2024-05-03
XPEL	XPEL INC	$1.49B	$396.29M	$76.87M	$52.80M	$1.91	22.32%	29.24%	27.33%	42.95%	2024-05-23
LEA	LEAR CORP	$7.61B	$23.47B	$1.46B	$572.50M	$9.73	12.33%	2.10%	77.23%	-10.92%	2024-04-30
MLR	MILLER INDUSTRIES INC	$560.84M	$1.15B	$93.00M	$58.29M	$5.10	35.94%	10.14%	186.52%	11.50%	2024-05-01
ALV	AUTOLIV INC	$9.57B	$10.48B	$1.08B	$488.00M	$5.74	18.47%	3.84%	18.11%	21.25%	2024-04-26
GNTX	GENTEX CORP	$8.02B	$2.30B	$598.30M	$428.40M	$1.84	19.82%	4.62%	35.29%	2.33%	2024-04-26
DAN	DANA INC	$1.77B	$10.56B	$729.00M	$38.00M	$0.26	3.93%	5.33%	N/A	-38.44%	2024-04-30
MOD	MODINE MANUFACTURING CO	$4.85B	$2.42B	$294.00M	$225.60M	$4.32	7.46%	1.74%	215.33%	17.85%	2024-05-22
BWA	BORGWARNER INC	$7.54B	$14.20B	$924.00M	$625.00M	$2.68	12.37%	6.16%	-33.17%	-9.73%	2024-05-02
ALSN	ALLISON TRANSMISSION HOLDINGS INC	$7.00B	$3.04B	$1.09B	$673.00M	$7.48	9.61%	2.27%	35.26%	9.23%
MBLY	MOBILEYE GLOBAL INC	$24.91B	$2.08B	$529.00M	-$27.00M	-$0.03	11.24%	N/A	N/A	N/A
VC	VISTEON CORP	$3.03B	$3.92B	$364.00M	$494.00M	$17.62	0.38%	6.16%	264.05%	35.20%
LKQ	LKQ CORP	$11.45B	$14.22B	$1.70B	$824.00M	$3.09	11.14%	3.02%	-26.43%	17.84%
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	$107.76M	$576.35M	$62.52M	$37.66M	$1.25	8.84%	3.04%	81.16%	73.29%	2024-05-10
HLLY	HOLLEY INC	$487.97M	$659.70M	$118.67M	$19.18M	$0.16	-4.17%	36.76%	-74.60%	N/A	2024-05-06
DORM	DORMAN PRODUCTS INC	$2.74B	$1.93B	$271.29M	$129.26M	$4.11	11.31%	14.66%	6.20%	0.34%	2024-05-07
ADNT	ADIENT PLC	$2.68B	$15.36B	$742.00M	$213.00M	$2.27	7.09%	-2.46%	N/A	N/A	2024-05-03
CVGI	COMMERCIAL VEHICLE GROUP INC	$208.47M	$994.68M	$64.50M	$49.41M	$1.50	1.34%	2.07%	N/A	1.83%	2024-05-07
STRT	STRATTEC SECURITY CORP	$93.56M	$513.34M	$23.41M	$231.00k	$0.05	8.63%	2.06%	-89.36%	N/A	2024-05-09
AEVA	AEVA TECHNOLOGIES INC	$155.13M	$4.31M	-$141.60M	-$149.33M	-$3.30	2.86%	99.93%	N/A	N/A	2024-05-07
APTV	APTIV PLC	$19.57B	$20.05B	$2.21B	$2.91B	$10.50	14.65%	6.79%	435.71%	21.05%	2024-05-02
INVZ	INNOVIZ TECHNOLOGIES LTD	$168.69M	$20.88M	-$123.41M	-$123.45M	-$0.84	246.43%	220.22%	N/A	N/A	2024-05-08
HYLN	HYLIION HOLDINGS CORP	$223.51M	$672.00k	-$118.50M	-$123.51M	-$0.68	-68.09%	N/A	N/A	N/A	2024-05-21
FOXF	FOX FACTORY HOLDING CORP	$1.65B	$1.46B	$216.59M	$120.85M	$2.86	-8.63%	18.78%	-41.15%	5.20%	2024-05-02
KNDI	KANDI TECHNOLOGIES GROUP INC	$234.99M	$123.60M	$15.05M	$7.13k	$0.02	4.91%	1.91%	N/A	N/A	2024-05-08
HSAI	HESAI GROUP	$529.71M	$259.61M	-$48.63M	-$65.83M	-$0.53	53.43%	N/A	N/A	N/A
SMP	STANDARD MOTOR PRODUCTS INC	$707.54M	$1.36B	$94.83M	$34.15M	$1.57	-0.99%	4.46%	-38.43%	-3.84%	2024-05-01
PLOW	DOUGLAS DYNAMICS INC	$510.93M	$568.18M	$71.67M	$23.72M	$1.01	-7.77%	1.63%	-38.79%	-11.96%	2024-04-30
MNRO	MONRO INC	$839.65M	$1.28B	$141.01M	$34.28M	$1.08	-4.84%	1.28%	-24.48%	-15.04%	2024-05-16
WKSP	WORKSPORT LTD	$9.88M	$1.53M	-$13.20M	-$14.93M	-$0.84	1,212.97%	26.01%	N/A	N/A	2024-05-13
THRM	GENTHERM INC	$1.58B	$1.47B	$120.54M	$40.34M	$1.23	21.95%	6.98%	66.22%	1.01%	2024-04-30
WPRT	WESTPORT FUEL SYSTEMS INC	$96.95M	$331.80M	-$33.25M	-$49.72M	-$2.90	8.54%	4.19%	N/A	N/A	2024-05-09
SES	SES AI CORP	$454.35M	$0.00	-$48.71M	-$53.40M	-$0.17	N/A	N/A	N/A	N/A	2024-05-08
QS	QUANTUMSCAPE CORP	$2.53B	$0.00	-$393.02M	-$445.15M	-$0.96	N/A	N/A	N/A	N/A	2024-06-11
SRI	STONERIDGE INC	$422.95M	$975.82M	$37.83M	-$5.18M	-$0.19	8.43%	2.41%	N/A	N/A	2024-05-02
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	$16.39M	$497.00k	N/A	-$18.41M	-$1.80	-9.64%	N/A	N/A	N/A
LIDR	AEYE INC	$6.47M	$1.46M	-$84.36M	-$87.13M	-$14.95	-59.86%	N/A	N/A	N/A	2024-05-09
LAZR	LUMINAR TECHNOLOGIES INC	$577.99M	$69.78M	-$524.91M	-$571.27M	-$1.47	71.46%	N/A	N/A	N/A	2024-06-06
GGR	GOGORO INC	$368.58M	$349.85M	$34.26M	-$76.04M	-$0.32	-8.61%	N/A	N/A	N/A	2024-05-09
MPAA	MOTORCAR PARTS OF AMERICA INC	$109.13M	$722.93M	$77.75M	-$49.12M	-$2.50	10.83%	9.30%	N/A	N/A	2024-06-11
ALLG	ALLEGO NV	$321.08M	$173.30M	N/A	-$132.99M	N/A	31.08%	N/A	N/A	N/A	2024-05-14
SYPR	SYPRIS SOLUTIONS INC	$31.81M	$136.22M	$4.05M	-$1.60M	-$0.07	23.70%	9.14%	N/A	N/A	2024-05-14
PHIN	PHINIA INC	$1.75B	$3.53B	$274.00M	$96.00M	N/A	5.60%	N/A	N/A	N/A	2024-05-09
ECX	ECARX HOLDINGS INC	$540.72M	$4.67B	-$739.88M	-$940.19M	-$2.79	31.00%	N/A	N/A	N/A
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	$874.52M	$6.08B	$664.40M	-$33.60M	-$0.29	4.78%	-3.51%	N/A	N/A	2024-05-03
CPS	COOPER-STANDARD HOLDINGS INC	$264.33M	$2.82B	$46.96M	-$201.99M	-$11.64	11.50%	-4.92%	N/A	N/A	2024-05-07
GTX	GARRETT MOTION INC	$2.23B	$3.83B	$573.00M	-$26.00M	-$0.95	4.33%	3.06%	N/A	N/A	2024-05-29
GT	GOODYEAR TIRE & RUBBER CO	$3.33B	$20.07B	$856.00M	-$687.00M	-$2.42	-3.55%	5.33%	N/A	N/A	2024-05-02
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	$103.94M	$1.39B	$38.33M	-$92.85M	-$4.73	-15.53%	-1.60%	N/A	N/A	2024-05-02
CREV	CARBON REVOLUTION PUBLIC LTD CO	N/A	$16.13M	-$31.08M	-$33.40M	-$0.16	-37.65%	N/A	N/A	N/A	2024-05-29

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in Apr 2024?

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 59, which is 26 points higher than the auto part industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock lose -6.36% over the past year, overperforming other auto part stocks by 1 percentage points.

Magna International has an average 1 year price target of $62.80, an upside of 28.95% from Magna International's current stock price of $48.70.

Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Magna International, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Lear (NYSE:LEA)

Lear (NYSE:LEA) is the second best auto part stock with a Zen Score of 55, which is 22 points higher than the auto part industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Lear has seen its stock return 1.46% over the past year, overperforming other auto part stocks by 9 percentage points.

Lear has an average 1 year price target of $168.00, an upside of 25.86% from Lear's current stock price of $133.48.

Lear stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Lear, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 55, which is 22 points higher than the auto part industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Xpel has seen its stock lose -26.7% over the past year, underperforming other auto part stocks by -19 percentage points.

Xpel has an average 1 year price target of $74.00, an upside of 37.62% from Xpel's current stock price of $53.77.

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.

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 5.31%, which is 3 percentage points higher than the auto part industry average of 2.68%. 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 116.8% 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 3.99%, which is 1 percentage points higher than the auto part industry average of 2.68%. 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 3.81%, which is 1 percentage points higher than the auto part industry average of 2.68%. 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 43.8% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks down?

Auto part stocks were down -1.23% in the last day, and up 1.2% over the last week. Quantumscape was the among the top losers in the auto parts industry, dropping -6.93% yesterday.

QuantumScape shares are trading lower after the company reported Q1 financial results. Also, UBS maintained a Neutral rating on the stock and lowered its price target from $9 to $5.

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 55 points higher than the auto part industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Strattec Security's stock has gained 16.17% in the past year. It has overperformed other stocks in the auto part industry by 24 percentage points.

2. Holley (NYSE:HLLY)

Holley (NYSE:HLLY) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Holley has a valuation score of 71, which is 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Holley's stock has gained 85.84% in the past year. It has overperformed other stocks in the auto part industry by 93 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 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -32.12% in the past year. It has underperformed other stocks in the auto part industry by -25 percentage points.

Are auto part stocks a good buy now?

40.63% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 28.11% 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 -162.83x.

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.