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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)
ALV	AUTOLIV INC	United States	$10.19B	81,374,584	63.26%	4.35%	Net Selling	Net Selling
MGA	MAGNA INTERNATIONAL INC	Canada	$13.64B	287,280,095	67.36%	0.00%
DORM	DORMAN PRODUCTS INC	United States	$2.83B	31,012,972	63.37%	36.63%	Net Selling	Net Selling
LEA	LEAR CORP	United States	$7.42B	56,787,794	99.72%	0.28%	Net Selling	Net Selling
XPEL	XPEL INC	United States	$929.88M	27,633,935	68.27%	15.33%	Net Selling	Net Buying
ALSN	ALLISON TRANSMISSION HOLDINGS INC	United States	$6.57B	87,478,168	22.02%	77.98%	Net Selling	Net Selling
GNTX	GENTEX CORP	United States	$8.01B	231,184,476	87.70%	0.65%	Net Selling	Net Selling
MLR	MILLER INDUSTRIES INC	United States	$686.71M	11,469,960	80.24%	9.95%	Net Selling	Net Selling
MOD	MODINE MANUFACTURING CO	United States	$5.34B	52,207,750	92.40%	7.60%	Net Selling	Net Selling
BWA	BORGWARNER INC	United States	$8.45B	227,837,662	94.78%	2.20%	Net Buying	Net Selling
VC	VISTEON CORP	United States	$3.15B	27,596,555	98.64%	1.36%	Net Selling	Net Selling
STRT	STRATTEC SECURITY CORP	United States	$100.85M	4,068,311	62.54%	8.45%	Net Buying	Net Buying
DAN	DANA INC	United States	$2.03B	144,963,217	97.64%	0.92%	Net Selling	Net Selling
LKQ	LKQ CORP	United States	$11.92B	266,775,849	81.63%	18.37%	Net Selling	Net Selling
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	China	$107.16M	30,185,702	4.35%	77.27%	Net Buying
ADNT	ADIENT PLC	Ireland	$2.62B	89,823,637	94.40%	2.39%	Net Selling	Net Selling
APTV	APTIV PLC	Ireland	$22.34B	272,062,381	83.95%	16.05%	Net Selling	Net Selling
HLLY	HOLLEY INC	United States	$463.56M	120,405,091	11.72%	88.28%	Net Selling	Net Buying
THRM	GENTHERM INC	United States	$1.60B	31,644,934	55.78%	44.22%	Net Selling	Net Selling
PLOW	DOUGLAS DYNAMICS INC	United States	$590.98M	23,094,047	90.11%	7.60%	Net Selling	Net Selling
CVGI	COMMERCIAL VEHICLE GROUP INC	United States	$181.51M	34,377,823	70.85%	24.48%	Net Selling
XOS	XOS INC	United States	$66.53M	7,873,364	0.07%	99.93%	Net Selling	Net Selling
SMP	STANDARD MOTOR PRODUCTS INC	United States	$692.18M	21,814,673	79.96%	16.55%	Net Selling
HSAI	HESAI GROUP	China	$654.20M	127,028,489	16.54%	0.00%
KNDI	KANDI TECHNOLOGIES GROUP INC	China	$194.81M	87,358,234	3.29%	87.29%
AEVA	AEVA TECHNOLOGIES INC	United States	$179.68M	52,847,027	10.80%	89.20%	Net Buying	Net Selling
INVZ	INNOVIZ TECHNOLOGIES LTD	Israel	$201.77M	165,387,098	39.25%	0.00%
WPRT	WESTPORT FUEL SYSTEMS INC	Canada	$108.68M	17,223,154	6.03%	93.97%
MNRO	MONRO INC	United States	$796.89M	29,902,141	93.51%	6.49%	Net Buying
HYLN	HYLIION HOLDINGS CORP	United States	$276.72M	174,035,799	24.97%	53.47%	Net Buying	Net Selling
FOXF	FOX FACTORY HOLDING CORP	United States	$1.95B	41,615,755	94.21%	5.79%	Net Selling	Net Selling
HYZN	HYZON MOTORS INC	United States	$135.41M	246,648,791	3.04%	96.96%	Net Selling	Net Selling
WKSP	WORKSPORT LTD	Canada	$16.30M	25,594,972	11.92%	11.09%
SRI	STONERIDGE INC	United States	$466.54M	27,671,231	73.50%	26.50%	Net Selling	Net Selling
MBLY	MOBILEYE GLOBAL INC	Israel	$23.05B	806,401,460	13.18%	1.74%	Net Selling	Net Buying
MPAA	MOTORCAR PARTS OF AMERICA INC	United States	$97.33M	19,662,380	85.00%	11.83%	Net Buying	Net Buying
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	Israel	$17.90M	459,778,056	0.22%	0.00%
SES	SES AI CORP	United States	$449.84M	357,012,056	29.22%	42.70%	Net Selling	Net Selling
QS	QUANTUMSCAPE CORP	United States	$2.80B	499,532,253	26.08%	42.37%	Net Selling	Net Selling
PHIN	PHINIA INC	United States	$2.05B	45,682,984	88.96%	1.97%	Net Selling	Net Selling
LAZR	LUMINAR TECHNOLOGIES INC	United States	$766.47M	445,623,734	27.25%	7.21%	Net Selling	Net Selling
ECX	ECARX HOLDINGS INC	China	$500.17M	337,949,965	1.83%	0.36%	Net Selling
SYPR	SYPRIS SOLUTIONS INC	United States	$30.52M	22,774,128	33.59%	66.41%
CPS	COOPER-STANDARD HOLDINGS INC	United States	$246.90M	17,290,145	66.72%	18.13%	Net Selling	Net Selling
GTX	GARRETT MOTION INC	Switzerland	$2.14B	225,990,207	17.37%	82.63%	Net Selling	Net Selling
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	United States	$934.55M	117,553,022	70.85%	29.15%	Net Buying	Net Buying
GT	GOODYEAR TIRE & RUBBER CO	United States	$3.69B	284,687,007	86.36%	1.39%	Net Selling	Net Selling
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	United States	$104.39M	28,600,152	37.26%	62.74%	Net Selling	Net Selling
CREV	CARBON REVOLUTION PUBLIC LTD CO	Ireland	N/A	25,254,549	0.08%	2.46%
NCNC	NOCO-NOCO INC	Singapore	$25.05M	135,430,452	0.35%	2.98%

Auto Part Stocks FAQ

What are the best auto part stocks to buy right now in May 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 60, which is 27 points higher than the auto part industry average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Autoliv has seen its stock return 44.83% over the past year, overperforming other auto part stocks by 48 percentage points.

Autoliv has an average 1 year price target of $132.83, an upside of 6.11% from Autoliv's current stock price of $125.18.

Autoliv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Autoliv, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) is the second best auto part stock with a Zen Score of 57, which is 24 points higher than the auto part industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock lose -9.18% over the past year, underperforming other auto part stocks by -6 percentage points.

Magna International has an average 1 year price target of $58.71, an upside of 23.63% from Magna International's current stock price of $47.49.

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

3. Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM) is the third best auto part stock with a Zen Score of 56, which is 23 points higher than the auto part industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Dorman Products has seen its stock return 4.48% over the past year, overperforming other auto part stocks by 8 percentage points.

Dorman Products has an average 1 year price target of $103.00, an upside of 12.78% from Dorman Products's current stock price of $91.33.

Dorman Products stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Dorman Products, 50% have issued a Strong Buy rating, 50% 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 4.61%, which is 2 percentage points higher than the auto part industry average of 2.56%. 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 4.2%, which is 2 percentage points higher than the auto part industry average of 2.56%. 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 3.94%, which is 1 percentage points higher than the auto part industry average of 2.56%. 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 down?

Auto part stocks were down -0.71% in the last day, and up 0.22% over the last week.

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

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

Strattec Security's stock has gained 38.03% in the past year. It has overperformed other stocks in the auto part industry by 41 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 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 gained 4.48% in the past year. It has overperformed other stocks in the auto part industry by 8 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 41 points higher than the auto part industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -16.48% in the past year. It has underperformed other stocks in the auto part industry by -13 percentage points.

Are auto part stocks a good buy now?

42.42% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 20.23% 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 -9.34x.

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.