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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	$14.08B	286,554,574	67.41%	0.00%
ALV	AUTOLIV INC	United States	$9.95B	81,374,584	64.18%	4.34%	Net Selling	Net Selling
LEA	LEAR CORP	United States	$7.78B	57,033,998	99.72%	0.28%	Net Selling	Net Selling
XPEL	XPEL INC	United States	$1.51B	27,631,097	65.13%	15.32%	Net Selling	Net Buying
MLR	MILLER INDUSTRIES INC	United States	$561.75M	11,445,640	79.25%	9.97%	Net Selling	Net Selling
MOD	MODINE MANUFACTURING CO	United States	$5.05B	52,207,750	92.13%	7.87%	Net Selling	Net Selling
GNTX	GENTEX CORP	United States	$8.04B	231,491,896	86.71%	0.64%	Net Selling	Net Selling
DAN	DANA INC	United States	$1.80B	144,386,484	97.12%	0.93%	Net Selling	Net Selling
BWA	BORGWARNER INC	United States	$7.63B	229,780,053	95.54%	2.19%	Net Buying	Net Buying
ALSN	ALLISON TRANSMISSION HOLDINGS INC	United States	$6.52B	87,478,168	22.52%	77.48%	Net Selling	Net Selling
DORM	DORMAN PRODUCTS INC	United States	$2.77B	31,086,242	63.67%	36.33%	Net Selling	Net Selling
VC	VISTEON CORP	United States	$3.10B	27,596,555	98.64%	1.36%	Net Selling	Net Selling
HLLY	HOLLEY INC	United States	$479.58M	119,894,780	11.65%	88.35%	Net Selling	Net Buying
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	China	$106.56M	30,185,702	5.17%	77.27%	Net Buying
LKQ	LKQ CORP	United States	$11.64B	266,775,849	81.81%	18.19%	Net Selling	Net Selling
MBLY	MOBILEYE GLOBAL INC	Israel	$23.54B	806,231,407	13.48%	1.74%	Net Selling	Net Buying
ADNT	ADIENT PLC	Ireland	$2.78B	91,245,859	92.37%	2.36%	Net Selling	Net Selling
CVGI	COMMERCIAL VEHICLE GROUP INC	United States	$209.49M	33,898,372	72.15%	24.82%	Net Selling
STRT	STRATTEC SECURITY CORP	United States	$93.56M	4,067,570	62.56%	8.46%	Net Buying	Net Buying
AEVA	AEVA TECHNOLOGIES INC	United States	$163.05M	52,765,415	33.17%	66.83%	Net Buying	Net Selling
APTV	APTIV PLC	Ireland	$19.87B	279,036,041	84.03%	15.97%	Net Selling	Net Selling
INVZ	INNOVIZ TECHNOLOGIES LTD	Israel	$195.16M	165,387,098	41.02%	0.00%
HYLN	HYLIION HOLDINGS CORP	United States	$230.84M	183,208,375	22.76%	50.79%	Net Buying	Net Selling
FOXF	FOX FACTORY HOLDING CORP	United States	$1.70B	41,953,938	94.10%	5.90%	Net Selling	Net Selling
KNDI	KANDI TECHNOLOGIES GROUP INC	China	$228.00M	87,358,234	3.66%	87.29%
HSAI	HESAI GROUP	China	$558.29M	127,028,489	19.84%	0.00%
SMP	STANDARD MOTOR PRODUCTS INC	United States	$711.48M	21,918,729	80.70%	16.39%	Net Selling
PLOW	DOUGLAS DYNAMICS INC	United States	$514.38M	22,983,965	91.10%	7.29%	Net Selling	Net Selling
MNRO	MONRO INC	United States	$830.98M	29,902,141	93.75%	6.25%	Net Buying	Net Buying
WKSP	WORKSPORT LTD	Canada	$11.81M	24,100,413	9.42%	11.77%
THRM	GENTHERM INC	United States	$1.60B	31,544,181	56.43%	43.57%	Net Selling	Net Selling
WPRT	WESTPORT FUEL SYSTEMS INC	Canada	$97.72M	17,174,502	5.67%	94.33%
SES	SES AI CORP	United States	$482.75M	354,964,298	29.78%	42.94%	Net Selling	Net Selling
LAZR	LUMINAR TECHNOLOGIES INC	United States	$607.52M	421,887,427	30.91%	7.62%	Net Buying	Net Selling
SRI	STONERIDGE INC	United States	$434.80M	27,553,610	73.18%	26.82%	Net Selling	Net Selling
GGR	GOGORO INC	Taiwan	$378.41M	245,721,034	8.18%	0.00%
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	Israel	$16.39M	459,778,056	0.30%	0.00%
LIDR	AEYE INC	United States	$6.44M	6,502,979	2.34%	97.66%	Net Selling	Net Selling
MPAA	MOTORCAR PARTS OF AMERICA INC	United States	$112.67M	19,662,380	81.82%	11.83%	Net Buying	Net Buying
QS	QUANTUMSCAPE CORP	United States	$2.69B	499,532,253	27.03%	42.37%	Net Selling	Net Selling
ALLG	ALLEGO NV	Netherlands	$321.08M	267,564,249	8.20%	0.04%
SYPR	SYPRIS SOLUTIONS INC	United States	$31.37M	22,404,649	33.24%	66.76%
PHIN	PHINIA INC	United States	$1.77B	45,682,984	91.88%	1.93%	Net Selling	Net Selling
ECX	ECARX HOLDINGS INC	China	$554.24M	337,949,965	1.84%	0.36%	Net Selling
GTX	GARRETT MOTION INC	Switzerland	$2.22B	225,990,207	17.89%	82.11%	Net Selling	Net Selling
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	United States	$880.37M	117,070,442	72.78%	27.22%	Net Buying	Net Buying
CPS	COOPER-STANDARD HOLDINGS INC	United States	$275.16M	17,197,479	69.08%	18.06%	Net Selling	Net Selling
GT	GOODYEAR TIRE & RUBBER CO	United States	$3.36B	283,954,995	84.13%	1.39%	Net Selling	Net Selling
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	United States	$112.93M	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%

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 -5.39% over the past year.

Magna International has an average 1 year price target of $62.80, an upside of 27.85% from Magna International's current stock price of $49.12.

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. Autoliv (NYSE:ALV)

Autoliv (NYSE:ALV) is the second 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 21 out of 38 due diligence checks and has strong fundamentals. Autoliv has seen its stock return 42.51% over the past year, overperforming other auto part stocks by 48 percentage points.

Autoliv has an average 1 year price target of $122.75, an upside of 0.38% from Autoliv's current stock price of $122.29.

Autoliv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Autoliv, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% 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 -25.43% over the past year, underperforming other auto part stocks by -20 percentage points.

Xpel has an average 1 year price target of $74.00, an upside of 35.18% from Xpel's current stock price of $54.74.

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 2.65%. 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 4.03%, which is 1 percentage points higher than the auto part industry average of 2.65%. 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 3.78%, which is 1 percentage points higher than the auto part industry average of 2.65%. 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.

Why are auto part stocks up?

Auto part stocks were up 1.4% in the last day, and up 2.11% over the last week. Quantumscape was the among the top gainers in the auto parts industry, gaining 5.69% yesterday.

QuantumScape shares are trading, reversing from Thursday's weakness following Q1 earnings.

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 16.29% in the past year. It has overperformed other stocks in the auto part industry by 22 percentage points.

2. Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Dorman Products 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.

Dorman Products's stock has gained 7.08% in the past year. It has overperformed other stocks in the auto part industry by 13 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 -31.13% in the past year. It has underperformed other stocks in the auto part industry by -26 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 25.95% 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 -143.88x.

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.