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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

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
XPEL	XPEL INC	$1.95B	N/A	0.00%	N/A	N/A	N/A	N/A
VC	VISTEON CORP	$3.92B	N/A	0.00%	N/A	N/A	N/A	N/A
HLLY	HOLLEY INC	$401.05M	N/A	0.00%	N/A	N/A	N/A	N/A
BWA	BORGWARNER INC	$11.06B	1.44%	16.60%	$0.1700	$0.68	24%	0	2023-05-31	2023-06-15
ALV	AUTOLIV INC	$7.22B	3.11%	54.40%	$0.6600	$2.62	52%	0		2023-06-13
LEA	LEAR CORP	$7.53B	2.41%	43.50%	$0.7700	$3.08	42%	1	2023-06-08	2023-06-28
MGA	MAGNA INTERNATIONAL INC	$14.75B	3.53%	117.50%	$0.4600	$1.82	59%	0		2023-06-02
MLR	MILLER INDUSTRIES INC	$388.77M	2.12%	29.90%	$0.1800	$0.72	37%	0	2023-06-02	2023-06-12
ALSN	ALLISON TRANSMISSION HOLDINGS INC	$4.42B	1.81%	14.10%	$0.2300	$0.88	32%	0		2023-05-31
GNTX	GENTEX CORP	$6.31B	1.78%	34.00%	$0.1200	$0.48	31%	1
MOD	MODINE MANUFACTURING CO	$1.43B	N/A	0.00%	N/A	N/A	N/A	N/A
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	$142.48M	N/A	0.00%	$0.1800	N/A	N/A	0
DORM	DORMAN PRODUCTS INC	$2.74B	N/A	0.00%	N/A	N/A	N/A	N/A
LKQ	LKQ CORP	$14.32B	2.01%	25.00%	$0.2750	$1.08	35%	0		2023-06-01
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	$837.86M	N/A	0.00%	N/A	N/A	N/A	N/A
GT	GOODYEAR TIRE & RUBBER CO	$4.07B	N/A	0.00%	$0.1600	N/A	N/A	0
SMP	STANDARD MOTOR PRODUCTS INC	$802.90M	3.02%	49.80%	$0.2900	$1.12	51%	0		2023-06-01
PLOW	DOUGLAS DYNAMICS INC	$670.44M	3.99%	94.00%	$0.2950	$1.17	64%	0
APTV	APTIV PLC	$24.92B	N/A	0.00%	$0.2200	N/A	N/A	1
GTX	GARRETT MOTION INC	$527.47M	N/A	0.00%	N/A	N/A	N/A	N/A
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	$20.78M	N/A	0.00%	N/A	N/A	N/A	N/A
HYLN	HYLIION HOLDINGS CORP	$291.13M	N/A	0.00%	N/A	N/A	N/A	N/A
DAN	DANA INC	$1.92B	3.75%	-24.80%	$0.1000	$0.50	61%	0		2023-06-02
LIDR	AEYE INC	$32.19M	N/A	0.00%	N/A	N/A	N/A	N/A
KNDI	KANDI TECHNOLOGIES GROUP INC	$253.73M	N/A	0.00%	N/A	N/A	N/A	N/A
EVTV	ENVIROTECH VEHICLES INC	$34.25M	N/A	0.00%	N/A	N/A	N/A	N/A
WPRT	WESTPORT FUEL SYSTEMS INC	$120.20M	N/A	0.00%	N/A	N/A	N/A	N/A
AEVA	AEVA TECHNOLOGIES INC	$253.42M	N/A	0.00%	N/A	N/A	N/A	N/A
MNRO	MONRO INC	$1.36B	2.59%	93.30%	$0.2800	$1.12	45%	0	2023-06-02	2023-06-19
ADNT	ADIENT PLC	$3.32B	N/A	0.00%	$0.2750	N/A	N/A	0
CVGI	COMMERCIAL VEHICLE GROUP INC	$346.45M	N/A	0.00%	N/A	N/A	N/A	N/A
WKSP	WORKSPORT LTD	$47.54M	N/A	0.00%	N/A	N/A	N/A	N/A
SES	SES AI CORP	$521.51M	N/A	0.00%	N/A	N/A	N/A	N/A
GGR	GOGORO INC	$739.96M	N/A	0.00%	N/A	N/A	N/A	N/A
INVZ	INNOVIZ TECHNOLOGIES LTD	$383.17M	N/A	0.00%	N/A	N/A	N/A	N/A
SRI	STONERIDGE INC	$454.25M	N/A	0.00%	N/A	N/A	N/A	N/A
THRM	GENTHERM INC	$1.89B	N/A	0.00%	N/A	N/A	N/A	N/A
SPRU	SPRUCE POWER HOLDING CORP	$105.94M	N/A	0.00%	N/A	N/A	N/A	N/A
STRT	STRATTEC SECURITY CORP	$76.54M	N/A	0.00%	$0.1400	N/A	N/A	0
SYPR	SYPRIS SOLUTIONS INC	$42.60M	N/A	0.00%	$0.0200	N/A	N/A	0
QS	QUANTUMSCAPE CORP	$2.80B	N/A	0.00%	N/A	N/A	N/A	N/A
CPS	COOPER-STANDARD HOLDINGS INC	$198.98M	N/A	0.00%	N/A	N/A	N/A	N/A
MPAA	MOTORCAR PARTS OF AMERICA INC	$124.16M	N/A	0.00%	N/A	N/A	N/A	N/A
UFAB	UNIQUE FABRICATING INC	$2.98M	N/A	0.00%	$0.0500	N/A	N/A	1
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	$98.52M	N/A	0.00%	$0.0900	N/A	N/A	1
ALLG	ALLEGO NV	$545.04M	N/A	0.00%	N/A	N/A	N/A	N/A
UCAR	U POWER LTD	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SDA	SUNCAR TECHNOLOGY GROUP INC	$28.01M	N/A	0.00%	N/A	N/A	N/A	N/A

Auto Part Stocks FAQ

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

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

1. Xpel (NASDAQ:XPEL)

Xpel (NASDAQ:XPEL) is the top auto part stock with a Zen Score of 65, which is 32 points higher than the auto part industry average of 33. It passed 22 out of 33 due diligence checks and has strong fundamentals. Xpel has seen its stock return 37.12% over the past year, overperforming other auto part stocks by 37 percentage points.

Xpel has an average 1 year price target of $104.00, an upside of 47.18% from Xpel's current stock price of $70.66.

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.

2. Visteon (NASDAQ:VC)

Visteon (NASDAQ:VC) 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 19 out of 33 due diligence checks and has strong fundamentals. Visteon has seen its stock return 31.24% over the past year, overperforming other auto part stocks by 32 percentage points.

Visteon has an average 1 year price target of $153.44, an upside of 11.02% from Visteon's current stock price of $138.21.

Visteon stock has a consensus Hold recommendation according to Wall Street analysts. Of the 9 analysts covering Visteon, 22.22% have issued a Strong Buy rating, 22.22% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 33.33% have issued a Strong Sell.

3. Holley (NYSE:HLLY)

Holley (NYSE:HLLY) 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 19 out of 33 due diligence checks and has strong fundamentals. Holley has seen its stock lose -66.09% over the past year, underperforming other auto part stocks by -66 percentage points.

Holley has an average 1 year price target of $3.95, an upside of 17.56% from Holley's current stock price of $3.36.

Holley stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Holley, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% 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. Douglas Dynamics (NYSE:PLOW)

Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 3.99%, which is 1 percentage points higher than the auto part industry average of 2.63%. 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 94% indicates that its dividend yield might not be sustainable for the long-term.

2. Dana (NYSE:DAN)

Dana (NYSE:DAN) has an annual dividend yield of 3.75%, which is 1 percentage points higher than the auto part industry average of 2.63%. 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 -24.8% 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 3.53%, which is 1 percentage points higher than the auto part industry average of 2.63%. 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 117.5% indicates that its dividend yield might not be sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 1.99% in the last day, and up 0.26% over the last week. Suncar Technology Group was the among the top gainers in the auto parts industry, gaining 6.77% yesterday.

SunCar Technology shares are trading lower amid continued volatility following the recent completion of the company's combination with Goldenbridge Acquisition to become a publicly-traded company.

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 52 points higher than the auto part industry average of 34. It passed 6 out of 7 valuation due diligence checks.

China Automotive Systems's stock has gained 59.84% in the past year. It has overperformed other stocks in the auto part industry by 60 percentage points.

2. American Axle & Manufacturing Holdings (NYSE:AXL)

American Axle & Manufacturing Holdings (NYSE:AXL) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. American Axle & Manufacturing Holdings has a valuation score of 71, which is 37 points higher than the auto part industry average of 34. It passed 5 out of 7 valuation due diligence checks.

American Axle & Manufacturing Holdings's stock has dropped -4.79% in the past year. It has underperformed other stocks in the auto part industry by -4 percentage points.

3. Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Dorman Products has a valuation score of 71, which is 37 points higher than the auto part industry average of 34. It passed 5 out of 7 valuation due diligence checks.

Dorman Products's stock has dropped -12.94% in the past year. It has underperformed other stocks in the auto part industry by -13 percentage points.

Are auto part stocks a good buy now?

31.25% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 24.22% 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 53.28x.

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.