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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 57, which is 27 points higher than the auto & truck dealership industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Rush Enterprises has seen its stock return 28.15% over the past year, overperforming other auto & truck dealership stocks by 61 percentage points.

Rush Enterprises has an average 1 year price target of $60.00, an upside of 29.2% from Rush Enterprises's current stock price of $46.44.

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.

Sonic Automotive (NYSE:SAH) is the second best auto & truck dealership stock with a Zen Score of 51, which is 21 points higher than the auto & truck dealership industry average of 30. It passed 19 out of 38 due diligence checks and has strong fundamentals. Sonic Automotive has seen its stock lose -3.33% over the past year, overperforming other auto & truck dealership stocks by 30 percentage points.

Sonic Automotive has an average 1 year price target of $51.75, an upside of 1.23% from Sonic Automotive's current stock price of $51.12.

Sonic Automotive stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 analysts covering Sonic Automotive, 25% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 25% have issued a Sell rating, and 50% have issued a Strong Sell.

Lithia Motors (NYSE:LAD) is the third best auto & truck dealership stock with a Zen Score of 48, which is 18 points higher than the auto & truck dealership industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Lithia Motors has seen its stock return 10.2% over the past year, overperforming other auto & truck dealership stocks by 43 percentage points.

Lithia Motors has an average 1 year price target of $328.88, an upside of 32.43% from Lithia Motors's current stock price of $248.34.

Lithia Motors stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Lithia Motors, 37.5% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 12.5% 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 4.4%, which is 2 percentage points higher than the auto & truck dealership industry average of 1.92%. 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 dividend yield might not be sustainable for the long-term.

Sonic Automotive (NYSE:SAH) has an annual dividend yield of 2.31%, which is the same as the auto & truck dealership industry average of 1.92%. 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 22.8% 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 1.92%. 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.

Auto & truck dealership stocks were up 0.26% in the last day, and up 4.33% over the last week. Group 1 Automotive was the among the top gainers in the auto & truck dealerships industry, gaining 7.23% yesterday.

Group 1 Automotive shares are trading higher after the company reported better-than-expected 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 86, which is 59 points higher than the auto & truck dealership industry average of 27. It passed 6 out of 7 valuation due diligence checks.

Rush Enterprises's stock has gained 28.15% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 61 percentage points.

Sonic Automotive (NYSE:SAH) is the second most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Sonic Automotive has a valuation score of 57, which is 30 points higher than the auto & truck dealership industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Sonic Automotive's stock has dropped -3.33% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 30 percentage points.

Asbury Automotive Group (NYSE:ABG) is the third most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Asbury Automotive Group has a valuation score of 57, which is 30 points higher than the auto & truck dealership industry average of 27. It passed 4 out of 7 valuation due diligence checks.

Asbury Automotive Group's stock has gained 7.09% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 40 percentage points.