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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)
ALV
AUTOLIV INC
United States
$8.92B81,374,58463.97%4.35%Net SellingNet Selling
LEA
LEAR CORP
United States
$6.75B56,787,79499.71%0.29%Net SellingNet Selling
MGA
MAGNA INTERNATIONAL INC
Canada
$12.77B287,280,09567.41%0.00%
ALSN
ALLISON TRANSMISSION HOLDINGS INC
United States
$6.78B87,478,16822.10%77.90%Net SellingNet Selling
GNTX
GENTEX CORP
United States
$7.94B231,184,47687.80%0.65%Net SellingNet Selling
CAAS
CHINA AUTOMOTIVE SYSTEMS INC
China
$105.95M30,185,7024.41%77.27%Net Buying
THRM
GENTHERM INC
United States
$1.62B31,644,93455.77%44.23%Net SellingNet Selling
VC
VISTEON CORP
United States
$3.04B27,596,55598.61%1.39%Net SellingNet Selling
BWA
BORGWARNER INC
United States
$7.55B227,837,66295.19%2.28%Net BuyingNet Buying
MOD
MODINE MANUFACTURING CO
United States
$5.64B52,322,08592.43%7.57%Net SellingNet Selling
SMP
STANDARD MOTOR PRODUCTS INC
United States
$635.90M21,814,67379.98%16.55%Net Selling
DORM
DORMAN PRODUCTS INC
United States
$2.89B31,012,97263.39%36.61%Net SellingNet Selling
MLR
MILLER INDUSTRIES INC
United States
$653.79M11,469,96080.24%10.11%Net Selling
XPEL
XPEL INC
United States
$1.00B27,633,93568.45%15.35%Net SellingNet Buying
LKQ
LKQ CORP
United States
$11.68B266,775,84981.70%18.30%Net SellingNet Selling
STRT
STRATTEC SECURITY CORP
United States
$97.60M4,068,31162.54%18.59%Net BuyingNet Buying
FOXF
FOX FACTORY HOLDING CORP
United States
$2.04B41,615,75594.21%5.79%Net SellingNet Selling
ADNT
ADIENT PLC
Ireland
$2.16B89,823,63794.42%2.42%Net SellingNet Selling
DAN
DANA INC
United States
$1.74B144,963,21797.68%0.92%Net SellingNet Selling
PLOW
DOUGLAS DYNAMICS INC
United States
$522.85M23,094,04790.11%7.60%Net Selling
CVGI
COMMERCIAL VEHICLE GROUP INC
United States
$167.42M34,377,82370.85%24.83%Net Selling
HLLY
HOLLEY INC
United States
$450.32M120,405,09111.71%88.29%Net SellingNet Selling
APTV
APTIV PLC
Ireland
$19.78B272,062,38183.94%16.06%Net SellingNet Selling
MNRO
MONRO INC
United States
$691.07M29,916,34593.50%6.50%Net Buying
AEVA
AEVA TECHNOLOGIES INC
United States
$160.13M52,847,02711.64%88.36%Net BuyingNet Selling
KNDI
KANDI TECHNOLOGIES GROUP INC
China
$173.84M87,358,2343.29%87.29%
XOS
XOS INC
United States
$51.96M7,873,3640.07%99.93%Net SellingNet Selling
HYZN
HYZON MOTORS INC
United States
$83.37M246,648,7913.15%96.85%Net SellingNet Selling
WPRT
WESTPORT FUEL SYSTEMS INC
Canada
$107.04M17,223,1546.03%93.97%
INVZ
INNOVIZ TECHNOLOGIES LTD
Israel
$153.15M165,387,09839.31%0.00%
HYLN
HYLIION HOLDINGS CORP
United States
$351.55M174,035,79924.97%53.58%Net BuyingNet Selling
MBLY
MOBILEYE GLOBAL INC
Israel
$21.34B806,401,46013.18%1.87%Net BuyingNet Buying
HSAI
HESAI GROUP
China
$615.04M127,336,56916.50%0.00%
WKSP
WORKSPORT LTD
Canada
$20.35M25,594,97211.92%11.09%
SRI
STONERIDGE INC
United States
$440.53M27,671,23173.51%26.49%Net SellingNet Buying
SES
SES AI CORP
United States
$464.12M357,012,05629.22%42.69%Net SellingNet Selling
FRSX
FORESIGHT AUTONOMOUS HOLDINGS LTD
Israel
$15.25M459,778,0560.22%0.00%
QS
QUANTUMSCAPE CORP
United States
$4.12B499,532,25326.08%42.36%Net SellingNet Selling
PHIN
PHINIA INC
United States
$1.93B45,682,98489.06%1.97%Net SellingNet Selling
LAZR
LUMINAR TECHNOLOGIES INC
United States
$853.37M445,623,73427.29%6.77%Net SellingNet Selling
MPAA
MOTORCAR PARTS OF AMERICA INC
United States
$127.61M19,662,38085.00%14.69%Net BuyingNet Buying
GTX
GARRETT MOTION INC
Switzerland
$2.05B225,990,20717.02%82.98%Net SellingNet Selling
SYPR
SYPRIS SOLUTIONS INC
United States
$42.36M22,774,12833.25%66.75%Net BuyingNet Buying
AXL
AMERICAN AXLE & MANUFACTURING HOLDINGS INC
United States
$842.86M117,553,02270.87%29.13%Net BuyingNet Buying
CPS
COOPER-STANDARD HOLDINGS INC
United States
$244.66M17,290,14566.72%18.13%Net SellingNet Selling
GT
GOODYEAR TIRE & RUBBER CO
United States
$3.23B284,687,00786.48%1.39%Net Selling
ECX
ECARX HOLDINGS INC
China
$581.18M337,897,2911.83%0.36%Net Selling
SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC
United States
$97.81M28,600,15236.87%63.13%Net SellingNet Selling
NCNC
NOCO-NOCO INC
Singapore
$26.68M135,430,4510.40%2.98%
CREV
CARBON REVOLUTION PUBLIC LTD CO
Ireland
N/A25,254,5490.08%2.46%

Auto Part Stocks FAQ

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

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

1. Autoliv (NYSE:ALV)


Autoliv (NYSE:ALV) is the top auto part stock with a Zen Score of 71, which is 36 points higher than the auto part industry average of 35. It passed 27 out of 38 due diligence checks and has strong fundamentals. Autoliv has seen its stock return 18.51% over the past year, overperforming other auto part stocks by 35 percentage points.

Autoliv has an average 1 year price target of $130.78, an upside of 19.27% from Autoliv's current stock price of $109.65.

Autoliv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Autoliv, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% 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 58, which is 23 points higher than the auto part industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Lear has seen its stock lose -22.41% over the past year, underperforming other auto part stocks by -6 percentage points.

Lear has an average 1 year price target of $151.57, an upside of 27.61% from Lear's current stock price of $118.78.

Lear stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Lear, 57.14% have issued a Strong Buy rating, 0% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Allison Transmission Holdings (NYSE:ALSN)


Allison Transmission Holdings (NYSE:ALSN) is the third best auto part stock with a Zen Score of 57, which is 22 points higher than the auto part industry average of 35. It passed 21 out of 38 due diligence checks and has strong fundamentals. Allison Transmission Holdings has seen its stock return 33.66% over the past year, overperforming other auto part stocks by 50 percentage points.

Allison Transmission Holdings has an average 1 year price target of $80.50, an upside of 3.91% from Allison Transmission Holdings's current stock price of $77.47.

Allison Transmission Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Allison Transmission Holdings, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 16.67% 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 5.21%, which is 2 percentage points higher than the auto part industry average of 2.77%. 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 98.3% 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 4.85%, which is 2 percentage points higher than the auto part industry average of 2.77%. 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 94.9% indicates that its high 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 4.21%, which is 1 percentage points higher than the auto part industry average of 2.77%. 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 52.5% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks up?

Auto part stocks were up 0.97% in the last day, and up 4.43% over the last week. Foresight Autonomous Holdings was the among the top gainers in the auto parts industry, gaining 1.93% yesterday.

Foresight Autonomous shares are trading higher after the company announced an agreement for a follow-up paid software proof of concept project with a Japanese vehicle manufacturer.

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 55 points higher than the auto part industry average of 31. It passed 6 out of 7 valuation due diligence checks.

Strattec Security's stock has gained 10.71% in the past year. It has overperformed other stocks in the auto part industry by 27 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 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Holley's stock has dropped -29.83% in the past year. It has underperformed other stocks in the auto part industry by -14 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 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -28.62% in the past year. It has underperformed other stocks in the auto part industry by -12 percentage points.

Are auto part stocks a good buy now?

44.12% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 25.55% 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 -8.02x.
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.