Sectors & IndustriesConsumer CyclicalAuto & Truck Dealerships

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 30.16% over the past year, overperforming other auto & truck dealership stocks by 55 percentage points.

Rush Enterprises has an average 1 year price target of $60.00, an upside of 29.53% from Rush Enterprises's current stock price of $46.32.

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.

Penske Automotive Group (NYSE:PAG) is the second best auto & truck dealership stock with a Zen Score of 48, which is 20 points higher than the auto & truck dealership industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Penske Automotive Group has seen its stock return 8.82% over the past year, overperforming other auto & truck dealership stocks by 34 percentage points.

Penske Automotive Group has an average 1 year price target of $145.00, a downside of -6.68% from Penske Automotive Group's current stock price of $155.38.

Penske Automotive Group stock has a consensus Sell recommendation according to Wall Street analysts. Of the 3 analysts covering Penske Automotive Group, 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.

Lithia Motors (NYSE:LAD) is the third 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 17 out of 38 due diligence checks and has strong fundamentals. Lithia Motors has seen its stock return 15.04% over the past year, overperforming other auto & truck dealership stocks by 40 percentage points.

Lithia Motors has an average 1 year price target of $315.40, an upside of 20.69% from Lithia Motors's current stock price of $261.33.

Lithia Motors stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Lithia Motors, 30% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 10% 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 4.72%, which is 3 percentage points higher than the auto & truck dealership industry average of 1.9%. 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 214.3% indicates that its high dividend yield might not be sustainable for the long-term.

Penske Automotive Group (NYSE:PAG) has an annual dividend yield of 1.96%, which is the same as the auto & truck dealership industry average of 1.9%. 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 19.6% indicates that its dividend yield is sustainable for the long-term.

Sonic Automotive (NYSE:SAH) has an annual dividend yield of 1.95%, which is the same as the auto & truck dealership industry average of 1.9%. 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.

Auto & truck dealership stocks were down -0.8% in the last day, and up 5.52% over the last week.

We couldn't find a catalyst for why auto & truck dealership stocks are down.

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 30.16% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 55 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 10.15% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 35 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 30.95% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 56 percentage points.