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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 Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
MGA	MAGNA INTERNATIONAL INC	Canada	$14.10B	286,554,574	67.41%	0.00%
LEA	LEAR CORP	United States	$7.71B	57,033,998	99.72%	0.28%	Net Selling	Net Selling
XPEL	XPEL INC	United States	$1.55B	27,631,097	65.13%	15.32%	Net Selling	Net Buying
ALV	AUTOLIV INC	United States	$9.75B	82,646,049	63.20%	4.27%	Net Selling	Net Selling
MLR	MILLER INDUSTRIES INC	United States	$569.08M	11,445,640	79.25%	9.97%	Net Selling	Net Selling
DAN	DANA INC	United States	$1.80B	144,386,484	97.12%	0.93%	Net Selling	Net Selling
MOD	MODINE MANUFACTURING CO	United States	$4.75B	52,207,750	92.13%	7.87%	Net Selling	Net Selling
BWA	BORGWARNER INC	United States	$7.73B	229,780,053	95.54%	2.17%	Net Buying	Net Buying
GNTX	GENTEX CORP	United States	$8.14B	231,491,896	86.71%	0.64%	Net Selling	Net Selling
ALSN	ALLISON TRANSMISSION HOLDINGS INC	United States	$6.98B	87,214,197	22.52%	77.48%	Net Selling	Net Selling
VC	VISTEON CORP	United States	$3.06B	27,491,477	98.64%	1.36%	Net Selling	Net Selling
MBLY	MOBILEYE GLOBAL INC	Israel	$25.09B	806,231,407	13.48%	1.74%	Net Selling	Net Buying
LKQ	LKQ CORP	United States	$11.55B	266,775,849	81.81%	18.19%	Net Selling	Net Selling
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	China	$107.76M	30,185,702	5.17%	77.27%	Net Buying
CVGI	COMMERCIAL VEHICLE GROUP INC	United States	$208.47M	33,898,372	72.15%	24.82%	Net Selling	Net Selling
HLLY	HOLLEY INC	United States	$491.57M	119,894,780	11.65%	88.35%	Net Selling	Net Buying
DORM	DORMAN PRODUCTS INC	United States	$2.79B	31,086,242	63.67%	36.33%	Net Selling	Net Selling
ADNT	ADIENT PLC	Ireland	$2.71B	91,245,859	92.37%	2.36%	Net Selling	Net Selling
STRT	STRATTEC SECURITY CORP	United States	$91.60M	4,067,570	62.56%	8.46%	Net Buying	Net Buying
APTV	APTIV PLC	Ireland	$19.92B	279,036,041	84.03%	15.97%	Net Selling	Net Selling
AEVA	AEVA TECHNOLOGIES INC	United States	$165.16M	52,765,415	33.17%	66.83%	Net Buying	Net Selling
INVZ	INNOVIZ TECHNOLOGIES LTD	Israel	$167.04M	165,387,098	41.02%	0.00%
HYLN	HYLIION HOLDINGS CORP	United States	$225.35M	183,208,375	22.76%	50.79%	Net Buying	Net Selling
KNDI	KANDI TECHNOLOGIES GROUP INC	China	$228.00M	87,358,234	3.66%	87.29%
FOXF	FOX FACTORY HOLDING CORP	United States	$1.67B	41,953,938	94.10%	5.90%	Net Selling	Net Selling
SMP	STANDARD MOTOR PRODUCTS INC	United States	$725.29M	21,918,729	80.70%	16.39%	Net Selling
PLOW	DOUGLAS DYNAMICS INC	United States	$514.15M	22,983,965	91.10%	7.29%	Net Selling	Net Selling
MNRO	MONRO INC	United States	$894.37M	29,902,141	93.75%	6.25%	Net Buying	Net Buying
PHIN	PHINIA INC	United States	$1.79B	46,164,536	90.92%	1.91%	Net Selling	Net Selling
THRM	GENTHERM INC	United States	$1.60B	31,544,181	56.43%	43.57%	Net Selling	Net Selling
WKSP	WORKSPORT LTD	Canada	$9.13M	24,100,413	9.42%	11.77%
WPRT	WESTPORT FUEL SYSTEMS INC	Canada	$96.52M	17,174,502	5.67%	94.33%
HSAI	HESAI GROUP	China	$541.39M	126,492,417	19.92%	0.00%
SES	SES AI CORP	United States	$447.26M	354,964,298	29.78%	42.94%	Net Selling	Net Selling
QS	QUANTUMSCAPE CORP	United States	$2.72B	495,809,422	27.24%	42.69%	Net Selling	Net Selling
GGR	GOGORO INC	Taiwan	$363.67M	245,721,034	8.18%	0.00%
LIDR	AEYE INC	United States	$6.48M	6,502,979	2.34%	97.66%	Net Selling	Net Selling
SRI	STONERIDGE INC	United States	$420.19M	27,553,610	73.18%	26.82%	Net Selling	Net Selling
LAZR	LUMINAR TECHNOLOGIES INC	United States	$603.30M	421,887,427	30.91%	7.62%	Net Buying	Net Selling
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	Israel	$16.39M	459,778,056	0.30%	0.00%
ALLG	ALLEGO NV	Netherlands	$321.08M	267,564,249	8.20%	0.04%
GTX	GARRETT MOTION INC	Switzerland	$2.35B	238,256,506	17.89%	82.11%	Net Selling	Net Selling
MPAA	MOTORCAR PARTS OF AMERICA INC	United States	$109.13M	19,662,380	81.82%	11.83%	Net Buying	Net Buying
SYPR	SYPRIS SOLUTIONS INC	United States	$31.81M	22,404,649	33.24%	66.76%
ECX	ECARX HOLDINGS INC	China	$517.06M	337,949,965	1.84%	0.36%	Net Selling
CPS	COOPER-STANDARD HOLDINGS INC	United States	$265.70M	17,197,479	69.08%	18.06%	Net Selling	Net Selling
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	United States	$885.05M	117,070,442	72.78%	27.22%	Net Buying	Net Buying
GT	GOODYEAR TIRE & RUBBER CO	United States	$3.39B	283,954,995	84.13%	1.39%	Net Selling	Net Selling
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	United States	$105.62M	28,091,440	38.25%	61.75%	Net Selling	Net Selling
CREV	CARBON REVOLUTION PUBLIC LTD CO	Ireland	N/A	25,254,549	0.00%	2.46%	Net Selling

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 -7.45% 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 27.62% from Magna International's current stock price of $49.21.

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 0.98% 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 24.29% from Lear's current stock price of $135.17.

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 -25.29% over the past year, underperforming other auto part stocks by -17 percentage points.

Xpel has an average 1 year price target of $74.00, an upside of 32.26% from Xpel's current stock price of $55.95.

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 5.27%, which is 3 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 116.8% indicates that its high dividend yield might not be sustainable for the long-term.

2. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) has an annual dividend yield of 3.77%, 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 43.8% indicates that its dividend yield is sustainable for the long-term.

3. Monro (NASDAQ:MNRO)

Monro (NASDAQ:MNRO) has an annual dividend yield of 3.74%, which is 1 percentage points higher than the auto part industry average of 2.63%. 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.

Why are auto part stocks up?

Auto part stocks were up 0.67% in the last day, and up 2.39% over the last week.

We couldn't find a catalyst for why auto part stocks are up.

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 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 13.17% in the past year. It has overperformed other stocks in the auto part industry by 21 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 38 points higher than the auto part industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Holley's stock has gained 80.62% in the past year. It has overperformed other stocks in the auto part industry by 89 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 38 points higher than the auto part industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -31.55% in the past year. It has underperformed other stocks in the auto part industry by -23 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 26.61% 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 -163.02x.

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.