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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
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
$141.27M$594.70M$62.98M$35.78M$1.188.99%5.67%22.92%96.77%
MGA
MAGNA INTERNATIONAL INC
$12.47B$42.66BN/A$1.08B$3.751.79%1.21%3.59%-7.24%
THRM
GENTHERM INC
$1.35B$1.47B$153.03M$67.71M$2.141.71%8.07%296.30%12.64%
VC
VISTEON CORP
$2.54B$3.92B$389.00M$518.00M$18.54-2.76%5.96%238.32%46.47%
ALSN
ALLISON TRANSMISSION HOLDINGS INC
$10.30B$3.20B$1.12B$726.00M$8.327.59%3.27%17.85%9.90%
LEA
LEAR CORP
$5.23B$23.43B$1.45B$545.80M$9.561.90%3.29%0.63%-6.96%
XPEL
XPEL INC
$1.23B$418.41M$72.88M$48.56M$1.7513.32%28.98%-1.13%33.68%
ALV
AUTOLIV INC
$7.78B$10.53B$1.26B$629.00M$7.684.64%4.25%58.35%25.47%
PLOW
DOUGLAS DYNAMICS INC
$586.82M$559.20M$117.29M$55.32M$2.33-5.82%-0.14%97.46%0.52%
MOD
MODINE MANUFACTURING CO
$6.73B$2.48B$320.60M$163.60M$3.122.62%3.16%-20.81%41.50%
SMP
STANDARD MOTOR PRODUCTS INC
$759.83M$1.41B$94.62M$36.13M$1.652.58%4.30%0.00%-5.68%
GNTX
GENTEX CORP
$6.86B$2.36B$603.54M$433.76M$1.897.13%4.79%10.53%2.51%
MLR
MILLER INDUSTRIES INC
$860.64M$1.29B$111.15M$71.69M$6.2727.44%10.20%85.50%13.02%
DORM
DORMAN PRODUCTS INC
$4.20B$1.97B$342.52M$185.78M$5.991.70%14.24%94.48%14.30%
SAG
SAG HOLDINGS LTD
N/A$59.52M$3.33M$1.55M$0.1815.70%N/A12.50%N/A
CVGI
COMMERCIAL VEHICLE GROUP INC
$87.11M$856.84M$39.71M$34.13M$1.03-11.00%-1.74%N/A1.63%
BWA
BORGWARNER INC
$7.42B$14.17B$1.02B$897.00M$3.951.26%6.83%26.60%1.54%
LKQ
LKQ CORP
$9.97B$14.50B$1.63B$711.00M$2.698.48%3.01%-24.86%13.63%
HLLY
HOLLEY INC
$333.66M$617.88M$103.43M$15.75M$0.13-6.12%N/A333.33%N/A
STRT
STRATTEC SECURITY CORP
$165.32M$541.41M$36.54M$15.85M$3.976.58%2.02%N/AN/A
APTV
APTIV PLC
$13.22B$19.73B$3.17B$2.42B$8.97-0.24%6.50%12.13%18.07%
AEVA
AEVA TECHNOLOGIES INC
$232.77M$7.98M-$152.01M-$161.08M-$3.14176.22%N/AN/AN/A
KNDI
KANDI TECHNOLOGIES GROUP INC
$117.06M$123.60M$15.05M$7.13k$0.024.91%1.91%N/AN/A
INVZ
INNOVIZ TECHNOLOGIES LTD
$106.63M$32.12M-$108.04M-$108.79M-$0.67551.41%N/AN/AN/A2024-11-13
ADNT
ADIENT PLC
$1.77B$14.86B$579.00M$74.00M$0.76-3.01%-2.37%-37.70%N/A
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
$9.00M$666.00kN/A-$12.47M-$1.2086.55%N/AN/AN/A
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
$796.02M$6.21B$724.40M$29.60M$0.233.29%-1.79%N/AN/A
FOXF
FOX FACTORY HOLDING CORP
$1.42B$1.37B$132.33M$10.74M$0.26-10.83%13.73%-93.52%-35.78%
DAN
DANA INC
$1.23B$10.44B$711.00M-$16.00M-$0.11-1.63%3.95%N/AN/A
HYZN
HYZON MOTORS INC
$8.91M$10.59M-$175.35M-$178.56M-$36.501,237.25%N/AN/AN/A2024-11-12
PHIN
PHINIA INC
$2.19B$3.45B$173.00M$95.00M$2.11-0.49%N/A-31.05%N/A
MNRO
MONRO INC
$885.60M$1.22B$129.65M$27.38M$0.87-5.62%-0.26%-21.62%-18.50%
HYLN
HYLIION HOLDINGS CORP
$489.51M$96.00k-$80.55M-$85.90M-$0.48-95.58%N/AN/AN/A
WPRT
WESTPORT FUEL SYSTEMS INC
$70.07M$325.50M-$17.22M-$33.71M-$2.002.86%2.94%N/AN/A2024-11-12
SES
SES AI CORP
$134.50M$0.00-$69.99M-$76.39M-$0.23N/AN/AN/AN/A
XOS
XOS INC
$37.94M$63.77M-$43.26M-$48.60M-$7.74119.67%N/AN/AN/A
HSAI
HESAI GROUP
$576.99M$255.92MN/A-$64.75M-$0.5112.79%N/AN/AN/A2024-11-12
GTX
GARRETT MOTION INC
$1.65B$3.58B$584.00M$234.00M$1.23-6.85%2.14%N/A-17.91%
WKSP
WORKSPORT LTD
$22.65M$3.73M-$13.55M-$15.34M-$0.751,190.52%23.94%N/AN/A2024-11-12
MBLY
MOBILEYE GLOBAL INC
$13.34B$1.80B-$2.51B-$2.96B-$3.65-10.26%N/AN/AN/A
QS
QUANTUMSCAPE CORP
$2.57B$0.00-$415.77M-$476.56M-$0.95N/AN/AN/AN/A
LAZR
LUMINAR TECHNOLOGIES INC
$434.02M$76.49M-$482.27M-$539.06M-$1.2940.05%N/AN/AN/A2024-11-11
ECX
ECARX HOLDINGS INC
$620.81M$765.60MN/A-$171.62M-$0.4928.75%N/AN/AN/A
MPAA
MOTORCAR PARTS OF AMERICA INC
$121.68M$727.87M$54.47M-$65.92M-$3.357.23%8.22%N/AN/A
SYPR
SYPRIS SOLUTIONS INC
$31.22M$139.39M$2.96M-$3.84M-$0.1813.49%9.37%N/AN/A2024-11-13
GT
GOODYEAR TIRE & RUBBER CO
$2.85B$19.05B$1.35B-$307.00M-$1.04-6.28%5.02%N/AN/A
CPS
COOPER-STANDARD HOLDINGS INC
$280.34M$2.74B$64.66M-$174.11M-$9.95-1.71%-3.32%N/AN/A
SRI
STONERIDGE INC
$200.18M$919.56M$37.32M-$7.39M-$0.27-5.92%1.47%N/AN/A
CREV
CARBON REVOLUTION PUBLIC LTD CO
$98.49M$25.44MN/A-$49.42M-$14.71-3.07%N/AN/AN/A
NCNC
NOCO-NOCO INC
$13.27M$0.00N/A-$20.62M$3.57N/AN/A-65.24%N/A
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
$78.28M$1.27B$73.46M-$71.05M-$3.95-14.41%-2.56%N/AN/A

Auto Part Stocks FAQ

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

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

1. China Automotive Systems (NASDAQ:CAAS)


China Automotive Systems (NASDAQ:CAAS) is the top auto part stock with a Zen Score of 65, which is 33 points higher than the auto part industry average of 32. It passed 23 out of 38 due diligence checks and has strong fundamentals. China Automotive Systems has seen its stock return 36.84% over the past year, overperforming other auto part stocks by 35 percentage points.

2. Magna International (NYSE:MGA)


Magna International (NYSE:MGA) is the second best auto part stock with a Zen Score of 61, which is 29 points higher than the auto part industry average of 32. It passed 21 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock lose -16.18% over the past year, underperforming other auto part stocks by -19 percentage points.

Magna International has an average 1 year price target of $48.18, an upside of 11.02% from Magna International's current stock price of $43.40.

Magna International stock has a consensus Hold recommendation according to Wall Street analysts. Of the 11 analysts covering Magna International, 18.18% have issued a Strong Buy rating, 0% have issued a Buy, 81.82% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Gentherm (NASDAQ:THRM)


Gentherm (NASDAQ:THRM) is the third best auto part stock with a Zen Score of 55, which is 23 points higher than the auto part industry average of 32. It passed 18 out of 33 due diligence checks and has strong fundamentals. Gentherm has seen its stock lose -4.35% over the past year, underperforming other auto part stocks by -7 percentage points.

Gentherm has an average 1 year price target of $57.00, an upside of 30.88% from Gentherm's current stock price of $43.55.

Gentherm stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Gentherm, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 66.67% 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. China Automotive Systems (NASDAQ:CAAS)


China Automotive Systems (NASDAQ:CAAS) has an annual dividend yield of 17.09%, which is 13 percentage points higher than the auto part industry average of 3.71%. China Automotive Systems's dividend payout is stable, having never dropped by more than 10% in the last 10 years. China Automotive Systems's dividend has not shown consistent growth over the last 10 years.

China Automotive Systems's dividend payout ratio of 67.8% indicates that its high dividend yield is sustainable for the long-term.

2. Dana (NYSE:DAN)


Dana (NYSE:DAN) has an annual dividend yield of 4.71%, which is 1 percentage points higher than the auto part industry average of 3.71%. Dana's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Dana's dividend has shown consistent growth over the last 10 years.

Dana's dividend payout ratio of -363.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Douglas Dynamics (NYSE:PLOW)


Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 4.64%, which is 1 percentage points higher than the auto part industry average of 3.71%. 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 50.6% indicates that its high dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 0.41% in the last day, and up 6.42% over the last week. American Axle & Manufacturing Holdings was the among the top gainers in the auto parts industry, gaining 8.84% yesterday.

American Axle & Manufacturing shares are trading higher after the company reported better-than-expected Q3 financial results.

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 100, which is 74 points higher than the auto part industry average of 26. It passed 7 out of 7 valuation due diligence checks.

China Automotive Systems's stock has gained 36.84% in the past year. It has overperformed other stocks in the auto part industry by 35 percentage points.

2. Lear (NYSE:LEA)


Lear (NYSE:LEA) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Lear has a valuation score of 71, which is 45 points higher than the auto part industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Lear's stock has dropped -24.74% in the past year. It has underperformed other stocks in the auto part industry by -27 percentage points.

3. Lkq (NASDAQ:LKQ)


Lkq (NASDAQ:LKQ) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Lkq has a valuation score of 71, which is 45 points higher than the auto part industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Lkq's stock has dropped -13.11% in the past year. It has underperformed other stocks in the auto part industry by -15 percentage points.

Are auto part stocks a good buy now?

38.24% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 21.03% 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 11.83x.
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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.