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Best Auto & Truck Dealership Stocks to Buy Now (2024)

Top auto & truck dealership stocks in 2024 ranked by overall Zen Score. See the best auto & truck dealership stocks to buy now, according to analyst forecasts for the auto & truck dealerships industry.

According to Zen Score, the 3 best auto & truck dealership stocks to buy right now are:

Rush Enterprises (NASDAQ:RUSHA) is the top auto & truck dealership stock with a Zen Score of 60, which is 32 points higher than the auto & truck dealership industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Rush Enterprises has seen its stock return 26.64% over the past year, overperforming other auto & truck dealership stocks by 47 percentage points.

Rush Enterprises has an average 1 year price target of $60.00, an upside of 37.3% from Rush Enterprises's current stock price of $43.70.

Rush Enterprises stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Rush Enterprises, 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.

Carmax (NYSE:KMX) is the second best auto & truck dealership stock with a Zen Score of 46, which is 18 points higher than the auto & truck dealership industry average of 28. It passed 14 out of 33 due diligence checks and has strong fundamentals. Carmax has seen its stock lose -2.77% over the past year, overperforming other auto & truck dealership stocks by 17 percentage points.

Carmax has an average 1 year price target of $76.90, an upside of 11.92% from Carmax's current stock price of $68.71.

Carmax stock has a consensus Hold recommendation according to Wall Street analysts. Of the 10 analysts covering Carmax, 0% have issued a Strong Buy rating, 50% have issued a Buy, 30% have issued a hold, while 10% have issued a Sell rating, and 10% have issued a Strong Sell.

Sonic Automotive (NYSE:SAH) is the third best auto & truck dealership stock with a Zen Score of 45, which is 17 points higher than the auto & truck dealership industry average of 28. It passed 16 out of 38 due diligence checks and has strong fundamentals. Sonic Automotive has seen its stock return 35.16% over the past year, overperforming other auto & truck dealership stocks by 55 percentage points.

Sonic Automotive has an average 1 year price target of $53.67, a downside of -4.9% from Sonic Automotive's current stock price of $56.43.

Sonic Automotive stock has a consensus Sell recommendation according to Wall Street analysts. Of the 3 analysts covering Sonic Automotive, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 66.67% have issued a Strong Sell.

Out of 6 auto & truck dealership stocks that have issued dividends in the past year, the 3 auto & truck dealership stocks with the highest dividend yields are:

Camping World Holdings (NYSE:CWH) has an annual dividend yield of 4.98%, which is 3 percentage points higher than the auto & truck dealership industry average of 1.99%. Camping World Holdings's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Camping World Holdings's dividend has shown consistent growth over the last 10 years.

Camping World Holdings's dividend payout ratio of 714.3% indicates that its high dividend yield might not be sustainable for the long-term.

Sonic Automotive (NYSE:SAH) has an annual dividend yield of 2.09%, which is the same as the auto & truck dealership industry average of 1.99%. Sonic Automotive's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Sonic Automotive's dividend has shown consistent growth over the last 10 years.

Sonic Automotive's dividend payout ratio of 23.6% indicates that its dividend yield is sustainable for the long-term.

Penske Automotive Group (NYSE:PAG) has an annual dividend yield of 1.98%, which is the same as the auto & truck dealership industry average of 1.99%. Penske Automotive Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Penske Automotive Group's dividend has shown consistent growth over the last 10 years.

Penske Automotive Group's dividend payout ratio of 21.1% indicates that its dividend yield is sustainable for the long-term.

Auto & truck dealership stocks were up 1.18% in the last day, and down -0.22% over the last week. Carvana Co was the among the top gainers in the auto & truck dealerships industry, gaining 4.44% yesterday.

Carvana shares are trading higher on continued strength after the company recently reported Q1 financial results.

Based on WallStreetZen's Valuation Score, the 3 most undervalued auto & truck dealership stocks right now are:

Rush Enterprises (NASDAQ:RUSHA) is the most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Rush Enterprises has a valuation score of 100, which is 74 points higher than the auto & truck dealership industry average of 26. It passed 7 out of 7 valuation due diligence checks.

Rush Enterprises's stock has gained 26.64% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 47 percentage points.

Asbury Automotive Group (NYSE:ABG) is the second most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Asbury Automotive Group has a valuation score of 71, which is 45 points higher than the auto & truck dealership industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Asbury Automotive Group's stock has gained 11.43% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 31 percentage points.

Sonic Automotive (NYSE:SAH) is the third most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Sonic Automotive has a valuation score of 57, which is 31 points higher than the auto & truck dealership industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Sonic Automotive's stock has gained 35.16% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 55 percentage points.