Sectors & IndustriesConsumer CyclicalAuto & Truck Dealerships

Best Auto & Truck Dealership Stocks to Buy Now (2023)

Top auto & truck dealership stocks in 2023 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 61, which is 24 points higher than the auto & truck dealership industry average of 37. It passed 22 out of 38 due diligence checks and has strong fundamentals. Rush Enterprises has seen its stock return 7.4% over the past year, overperforming other auto & truck dealership stocks by 6 percentage points.

Rush Enterprises has an average 1 year price target of $66.00, an upside of 16.03% from Rush Enterprises's current stock price of $56.88.

Rush Enterprises stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Rush Enterprises, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% 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 54, which is 17 points higher than the auto & truck dealership industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Sonic Automotive has seen its stock lose -2.45% over the past year, underperforming other auto & truck dealership stocks by -4 percentage points.

Sonic Automotive has an average 1 year price target of $54.67, an upside of 22.38% from Sonic Automotive's current stock price of $44.67.

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

Lithia Motors (NYSE:LAD) is the third best auto & truck dealership stock with a Zen Score of 50, which is 13 points higher than the auto & truck dealership industry average of 37. It passed 19 out of 38 due diligence checks and has strong fundamentals. Lithia Motors has seen its stock lose -19.12% over the past year, underperforming other auto & truck dealership stocks by -20 percentage points.

Lithia Motors has an average 1 year price target of $278.00, an upside of 11.49% from Lithia Motors's current stock price of $249.35.

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

Out of 5 auto & truck dealership stocks that have issued dividends in the past year, the 3 auto & truck dealership stocks with the highest dividend yields are:

Sonic Automotive (NYSE:SAH) has an annual dividend yield of 2.37%, which is 1 percentage points higher than the auto & truck dealership industry average of 1.17%. 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 87.6% indicates that its dividend yield is sustainable for the long-term.

Penske Automotive Group (NYSE:PAG) has an annual dividend yield of 1.61%, which is the same as the auto & truck dealership industry average of 1.17%. 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 12.2% indicates that its dividend yield is sustainable for the long-term.

Rush Enterprises (NASDAQ:RUSHA) has an annual dividend yield of 1.48%, which is the same as the auto & truck dealership industry average of 1.17%. Rush Enterprises's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Rush Enterprises's dividend has shown consistent growth over the last 10 years.

Rush Enterprises's dividend payout ratio of 14.6% indicates that its dividend yield is sustainable for the long-term.

Auto & truck dealership stocks were up 3.76% in the last day, and up 2.63% over the last week.

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

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

Lazydays Holdings (NASDAQ:LAZY) is the most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Lazydays Holdings has a valuation score of 100, which is 59 points higher than the auto & truck dealership industry average of 41. It passed 7 out of 7 valuation due diligence checks.

Lazydays Holdings's stock has dropped -23.33% in the past year. It has underperformed other stocks in the auto & truck dealership industry by -24 percentage points.

Americas Carmart (NASDAQ:CRMT) is the second most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Americas Carmart has a valuation score of 86, which is 45 points higher than the auto & truck dealership industry average of 41. It passed 6 out of 7 valuation due diligence checks.

Americas Carmart's stock has dropped -14.91% in the past year. It has underperformed other stocks in the auto & truck dealership industry by -16 percentage points.

Rush Enterprises (NASDAQ:RUSHA) is the third most undervalued auto & truck dealership stock based on WallStreetZen's Valuation Score. Rush Enterprises has a valuation score of 86, which is 45 points higher than the auto & truck dealership industry average of 41. It passed 6 out of 7 valuation due diligence checks.

Rush Enterprises's stock has gained 7.4% in the past year. It has overperformed other stocks in the auto & truck dealership industry by 6 percentage points.