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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
$15.58B286,309,05267.46%0.00%
XPEL
XPEL INC
United States
$1.54B27,628,95365.08%15.32%Net Selling
LEA
LEAR CORP
United States
$7.71B57,033,99899.72%0.28%Net SellingNet Selling
MLR
MILLER INDUSTRIES INC
United States
$488.04M11,445,64079.20%9.76%Net Selling
ALV
AUTOLIV INC
United States
$9.13B82,646,04963.12%4.28%Net SellingNet Selling
DAN
DANA INC
United States
$1.78B144,386,48497.09%0.92%Net SellingNet Selling
GNTX
GENTEX CORP
United States
$8.22B233,252,59185.80%0.64%Net SellingNet Selling
BWA
BORGWARNER INC
United States
$6.96B229,780,05395.26%2.22%Net BuyingNet Buying
DORM
DORMAN PRODUCTS INC
United States
$2.61B31,488,11563.71%36.29%Net SellingNet Selling
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
China
$99.61M30,185,7025.08%77.27%Net Buying
FOXF
FOX FACTORY HOLDING CORP
United States
$2.76B42,380,93494.31%5.69%Net Selling
ALSN
ALLISON TRANSMISSION HOLDINGS INC
United States
$6.18B87,214,19722.52%77.48%Net SellingNet Selling
MOD
MODINE MANUFACTURING CO
United States
$4.05B52,207,75091.98%8.02%Net SellingNet Selling
VC
VISTEON CORP
United States
$3.21B27,491,47798.70%1.30%Net SellingNet Selling
ADNT
ADIENT PLC
Ireland
$3.13B91,245,85992.30%2.32%Net SellingNet Selling
MNRO
MONRO INC
United States
$962.25M29,902,14193.75%6.25%Net BuyingNet Buying
STRT
STRATTEC SECURITY CORP
United States
$101.24M4,067,57062.56%8.37%Net SellingNet Selling
MBLY
MOBILEYE GLOBAL INC
Israel
$19.75B806,147,95413.46%1.74%Net SellingNet Buying
LKQ
LKQ CORP
United States
$13.47B267,598,31981.83%18.17%Net SellingNet Selling
INVZ
INNOVIZ TECHNOLOGIES LTD
Israel
$246.46M151,201,33644.84%0.00%
HYLN
HYLIION HOLDINGS CORP
United States
$251.00M183,208,37522.76%50.78%Net BuyingNet Selling
SMP
STANDARD MOTOR PRODUCTS INC
United States
$871.78M21,729,29281.38%16.53%Net Selling
APTV
APTIV PLC
Ireland
$21.66B279,036,04184.11%15.89%Net Selling
PLOW
DOUGLAS DYNAMICS INC
United States
$558.05M22,983,96591.09%7.10%Net Buying
AEVA
AEVA TECHNOLOGIES INC
United States
$210.04M223,445,50731.23%68.77%Net BuyingNet Selling
HLLY
HOLLEY INC
United States
$546.85M119,660,62211.66%88.34%Net Selling
WPRT
WESTPORT FUEL SYSTEMS INC
Canada
$100.65M17,174,9725.63%94.37%
KNDI
KANDI TECHNOLOGIES GROUP INC
China
$233.69M87,522,8003.65%87.13%
HSAI
HESAI GROUP
China
$488.09M125,797,26420.03%0.00%
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
Israel
$11.51M322,979,5560.42%0.00%
LAZR
LUMINAR TECHNOLOGIES INC
United States
$964.69M401,955,07032.41%8.01%Net BuyingNet Selling
CVGI
COMMERCIAL VEHICLE GROUP INC
United States
$228.20M33,707,07072.56%24.51%Net SellingNet Selling
THRM
GENTHERM INC
United States
$1.87B31,544,18156.50%43.50%Net Selling
LIDR
AEYE INC
United States
$8.40M6,271,4382.34%97.66%Net SellingNet Selling
SRI
STONERIDGE INC
United States
$502.48M27,547,97773.35%26.65%Net Selling
WKSP
WORKSPORT LTD
Canada
$25.65M19,433,71511.62%14.60%
MPAA
MOTORCAR PARTS OF AMERICA INC
United States
$176.96M19,662,38081.75%11.82%Net BuyingNet Selling
SES
SES AI CORP
United States
$488.90M351,729,37230.03%43.43%Net SellingNet Selling
GGR
GOGORO INC
Taiwan
$441.15M235,908,0008.52%0.00%
QS
QUANTUMSCAPE CORP
United States
$3.16B489,561,28627.58%42.74%Net SellingNet Selling
ALLG
ALLEGO NV
Netherlands
$254.19M267,564,2498.20%0.04%
GTX
GARRETT MOTION INC
Switzerland
$2.24B238,256,50617.47%82.53%Net SellingNet Selling
SYPR
SYPRIS SOLUTIONS INC
United States
$42.21M22,454,64933.39%66.61%Net Buying
PHIN
PHINIA INC
United States
$1.59B46,685,31789.85%1.68%Net SellingNet Selling
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
United States
$862.81M117,070,44273.16%26.84%Net Selling
CPS
COOPER-STANDARD HOLDINGS INC
United States
$245.92M17,197,47969.08%17.66%Net SellingNet Selling
ECX
ECARX HOLDINGS INC
China
$880.60M337,395,3901.84%0.37%Net Selling
GT
GOODYEAR TIRE & RUBBER CO
United States
$3.55B283,954,99584.07%1.34%Net SellingNet Selling
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
United States
$91.02M28,091,44038.80%61.20%Net 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 Feb 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 27 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 -1.81% over the past year, overperforming other auto part stocks by 13 percentage points.

Magna International has an average 1 year price target of $63.50, an upside of 16.73% from Magna International's current stock price of $54.40.

Magna International stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Magna International, 12.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 75% 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 25 points higher than the auto part industry average of 32. It passed 19 out of 33 due diligence checks and has strong fundamentals. Xpel has seen its stock lose -28.75% over the past year, underperforming other auto part stocks by -14 percentage points.

Xpel has an average 1 year price target of $89.00, an upside of 60.07% from Xpel's current stock price of $55.60.

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.

3. Lear (NYSE:LEA)


Lear (NYSE:LEA) 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 20 out of 38 due diligence checks and has strong fundamentals. Lear has seen its stock lose -4.77% over the past year, overperforming other auto part stocks by 10 percentage points.

Lear has an average 1 year price target of $167.00, an upside of 23.53% from Lear's current stock price of $135.19.

Lear stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Lear, 60% have issued a Strong Buy rating, 0% 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 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 4.86%, which is 2 percentage points higher than the auto part industry average of 2.5%. 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 99.6% 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 3.48%, which is 1 percentage points higher than the auto part industry average of 2.5%. 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 3.38%, which is 1 percentage points higher than the auto part industry average of 2.5%. 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 43.4% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 0.71% in the last day, and up 0.38% over the last week. Gentherm was the among the top gainers in the auto parts industry, gaining 20.04% yesterday.

Gentherm shares are trading higher after the company reported better-than-expected Q4 financial results and issued guidance.

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 70 points higher than the auto part industry average of 30. It passed 7 out of 7 valuation due diligence checks.

China Automotive Systems's stock has dropped -56.75% in the past year. It has underperformed other stocks in the auto part industry by -42 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 gained 15.77% in the past year. It has overperformed other stocks in the auto part industry by 30 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 41 points higher than the auto part industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Dorman Products's stock has dropped -11.68% in the past year. It has overperformed other stocks in the auto part industry by 3 percentage points.

Are auto part stocks a good buy now?

42.86% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 23.1% 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 -29.43x.
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