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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
MGA
MAGNA INTERNATIONAL INC
Canada
$15.03B286,309,05267.46%0.00%
LEA
LEAR CORP
United States
$8.01B57,033,99899.72%0.28%Net SellingNet Selling
XPEL
XPEL INC
United States
$1.34B27,631,09765.13%15.32%Net Selling
ALV
AUTOLIV INC
United States
$9.83B82,646,04963.19%4.27%Net SellingNet Selling
MLR
MILLER INDUSTRIES INC
United States
$540.81M11,445,64079.25%9.97%Net SellingNet Selling
DAN
DANA INC
United States
$1.69B144,386,48497.12%0.93%Net SellingNet Selling
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
China
$102.03M30,185,7025.17%77.27%Net Buying
GNTX
GENTEX CORP
United States
$8.36B231,491,89686.71%0.64%Net SellingNet Selling
VC
VISTEON CORP
United States
$3.13B27,491,47798.71%1.29%Net SellingNet Selling
BWA
BORGWARNER INC
United States
$7.37B229,780,05395.54%2.17%Net BuyingNet Buying
MOD
MODINE MANUFACTURING CO
United States
$4.67B52,207,75092.12%7.88%Net SellingNet Selling
ALSN
ALLISON TRANSMISSION HOLDINGS INC
United States
$6.65B87,214,19722.52%77.48%Net SellingNet Selling
MBLY
MOBILEYE GLOBAL INC
Israel
$23.33B806,231,40713.48%1.74%Net SellingNet Buying
MNRO
MONRO INC
United States
$881.22M29,902,14193.75%6.25%Net BuyingNet Buying
DORM
DORMAN PRODUCTS INC
United States
$2.81B31,086,24263.67%36.33%Net SellingNet Selling
CVGI
COMMERCIAL VEHICLE GROUP INC
United States
$208.14M33,898,37272.15%24.37%Net SellingNet Selling
HLLY
HOLLEY INC
United States
$509.55M119,894,78011.65%88.35%Net SellingNet Buying
ADNT
ADIENT PLC
Ireland
$2.97B91,245,85992.37%2.36%Net SellingNet Selling
LKQ
LKQ CORP
United States
$13.66B266,606,60281.81%18.19%Net SellingNet Selling
STRT
STRATTEC SECURITY CORP
United States
$89.93M4,067,57062.56%8.46%Net BuyingNet Buying
AEVA
AEVA TECHNOLOGIES INC
United States
$266.47M263,827,07331.01%68.99%Net BuyingNet Selling
INVZ
INNOVIZ TECHNOLOGIES LTD
Israel
$216.66M165,387,09841.02%0.00%
HYLN
HYLIION HOLDINGS CORP
United States
$274.81M183,208,37522.76%50.80%Net BuyingNet Selling
KNDI
KANDI TECHNOLOGIES GROUP INC
China
$200.05M87,358,2343.66%87.29%
FOXF
FOX FACTORY HOLDING CORP
United States
$2.00B41,953,93894.10%5.90%Net SellingNet Selling
SMP
STANDARD MOTOR PRODUCTS INC
United States
$684.30M21,918,72980.70%16.39%Net Selling
PLOW
DOUGLAS DYNAMICS INC
United States
$519.44M22,983,96591.09%7.29%Net SellingNet Selling
APTV
APTIV PLC
Ireland
$21.71B279,036,04184.03%15.97%Net SellingNet Selling
PHIN
PHINIA INC
United States
$1.70B46,164,53690.92%1.90%Net SellingNet Selling
WPRT
WESTPORT FUEL SYSTEMS INC
Canada
$102.71M17,174,9725.67%94.33%
HSAI
HESAI GROUP
China
$588.19M126,492,41719.92%0.00%
THRM
GENTHERM INC
United States
$1.71B31,544,18156.44%43.56%Net SellingNet Selling
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
Israel
$10.23M322,979,5560.42%0.00%
LAZR
LUMINAR TECHNOLOGIES INC
United States
$729.87M421,887,42730.91%7.62%Net BuyingNet Selling
QS
QUANTUMSCAPE CORP
United States
$2.83B495,809,42227.23%42.21%Net SellingNet Selling
SES
SES AI CORP
United States
$511.15M354,964,29829.78%43.03%Net SellingNet Selling
GGR
GOGORO INC
Taiwan
$356.22M235,908,0008.52%0.00%
SRI
STONERIDGE INC
United States
$455.19M27,553,61073.19%26.81%Net SellingNet Selling
LIDR
AEYE INC
United States
$7.84M6,271,4382.34%97.66%Net SellingNet Selling
WKSP
WORKSPORT LTD
Canada
$8.98M19,433,71511.69%14.60%
MPAA
MOTORCAR PARTS OF AMERICA INC
United States
$146.88M19,662,38081.82%11.82%Net BuyingNet Buying
GTX
GARRETT MOTION INC
Switzerland
$2.25B238,256,50617.87%82.13%Net SellingNet Selling
ALLG
ALLEGO NV
Netherlands
$177.40M267,564,2498.20%0.04%
ECX
ECARX HOLDINGS INC
China
$671.51M337,442,3471.84%0.37%Net Selling
SYPR
SYPRIS SOLUTIONS INC
United States
$41.32M22,454,64933.38%66.62%Net Buying
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
United States
$791.40M117,070,44272.78%27.22%Net BuyingNet Buying
CPS
COOPER-STANDARD HOLDINGS INC
United States
$239.90M17,197,47969.08%18.06%Net SellingNet Selling
GT
GOODYEAR TIRE & RUBBER CO
United States
$3.54B283,954,99584.13%1.38%Net SellingNet Selling
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
United States
$78.66M28,091,44038.25%61.75%Net SellingNet Selling
CREV
CARBON REVOLUTION PUBLIC LTD CO
Ireland
N/A25,254,5490.00%2.46%Net Selling

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in Mar 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 return 4.25% over the past year, overperforming other auto part stocks by 10 percentage points.

Magna International has an average 1 year price target of $61.86, an upside of 17.8% from Magna International's current stock price of $52.51.

Magna International stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering Magna International, 14.29% have issued a Strong Buy rating, 0% have issued a Buy, 85.71% 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 3.61% over the past year, overperforming other auto part stocks by 10 percentage points.

Lear has an average 1 year price target of $164.17, an upside of 16.92% from Lear's current stock price of $140.41.

Lear stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Lear, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% 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 -23.94% over the past year, underperforming other auto part stocks by -18 percentage points.

Xpel has an average 1 year price target of $89.00, an upside of 82.86% from Xpel's current stock price of $48.67.

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. Douglas Dynamics (NYSE:PLOW)


Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 5.22%, which is 3 percentage points higher than the auto part industry average of 2.62%. 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 3.8%, which is 1 percentage points higher than the auto part industry average of 2.62%. 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. Standard Motor Products (NYSE:SMP)


Standard Motor Products (NYSE:SMP) has an annual dividend yield of 3.72%, which is 1 percentage points higher than the auto part industry average of 2.62%. 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 73.9% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 0.54% in the last day, and down -0.74% over the last week. Mobileye Global was the among the top gainers in the auto parts industry, gaining 4.33% yesterday.

Mobileye shares are trading higher after the company announced the winding down of its Aftermarket Solutions unit and said it is not expected to have a material impact on its 2024 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 67 points higher than the auto part industry average of 33. It passed 7 out of 7 valuation due diligence checks.

China Automotive Systems's stock has dropped -41.52% in the past year. It has underperformed other stocks in the auto part industry by -36 percentage points.

2. Monro (NASDAQ:MNRO)


Monro (NASDAQ:MNRO) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Monro has a valuation score of 86, which is 53 points higher than the auto part industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Monro's stock has dropped -38.9% in the past year. It has underperformed other stocks in the auto part industry by -33 percentage points.

3. Strattec Security (NASDAQ:STRT)


Strattec Security (NASDAQ:STRT) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Strattec Security has a valuation score of 86, which is 53 points higher than the auto part industry average of 33. It passed 6 out of 7 valuation due diligence checks.

Strattec Security's stock has gained 15.58% in the past year. It has overperformed other stocks in the auto part industry by 22 percentage points.

Are auto part stocks a good buy now?

45.16% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 21.51% 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 -135.73x.
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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.