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Sectors & IndustriesConsumer CyclicalAuto Manufacturers
Best Auto Stocks to Buy Now (2023)
Top auto stocks in 2023 ranked by overall Zen Score. See the best auto stocks to buy now, according to analyst forecasts for the auto manufacturers industry.

Industry: Auto Manufacturers
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
STLA
STELLANTIS NV
NYSE
Auto Manufacturers
$60.30B$19.350.10%$34.58B2.74x1.58
TSLA
TESLA INC
NASDAQ
Auto Manufacturers
$777.25B$244.88-4.23%$17.65B63.11x0.75
F
FORD MOTOR CO
NYSE
Auto Manufacturers
$49.75B$12.431.89%$13.51B12.07x5.09
LI
LI AUTO INC
NASDAQ
Auto Manufacturers
$38.63B$39.282.61%$484.54M151.66x1.10
TM
TOYOTA MOTOR CORP
NYSE
Auto Manufacturers
$253.80B$187.100.43%$44.67B12.24x1.61
SOLO
ELECTRAMECCANICA VEHICLES CORP
NASDAQ
Auto Manufacturers
$79.09M$0.66-1.04%-$106.16M-0.72x0.21
NIU
NIU TECHNOLOGIES
NASDAQ
Auto Manufacturers
$222.71M$2.844.99%N/A-16.51x0.84
HYZN
HYZON MOTORS INC
NASDAQ
Auto Manufacturers
$293.82M$1.20-0.83%-$156.14M-1.88x0.31
RIVN
RIVIAN AUTOMOTIVE INC
NASDAQ
Auto Manufacturers
$19.52B$20.59-4.37%-$5.06B-3.18x0.47
RACE
FERRARI NV
NYSE
Auto Manufacturers
$70.71B$288.25-1.14%$2.27B43.33x1.92
LCID
LUCID GROUP INC
NASDAQ
Auto Manufacturers
$11.66B$5.11-1.16%-$2.28B-3.57x0.58
GM
GENERAL MOTORS CO
NYSE
Auto Manufacturers
$44.83B$32.58-0.40%$24.92B4.53x2.79
GP
GREENPOWER MOTOR CO INC
NASDAQ
Auto Manufacturers
$85.82M$3.444.56%-$10.34M-6.14x1.06
AYRO
AYRO INC
NASDAQ
Auto Manufacturers
$12.38M$2.631.74%-$22.75M-0.51x0.06
HMC
HONDA MOTOR CO LTD
NYSE
Auto Manufacturers
$58.39B$35.23-0.03%$12.84B9.94x1.18
EVTV
ENVIROTECH VEHICLES INC
NASDAQ
Auto Manufacturers
$22.68M$1.5113.53%-$10.62M-2.60x0.02
FSR
FISKER INC
NYSE
Auto Manufacturers
$1.93B$5.63-5.85%-$464.81M-3.39x3.08
WKHS
WORKHORSE GROUP INC
NASDAQ
Auto Manufacturers
$91.06M$0.43-9.05%-$120.06M-0.59x0.65
CENN
CENNTRO ELECTRIC GROUP LTD
NASDAQ
Auto Manufacturers
$75.81M$0.25-4.23%N/AN/A0.40
ARVL
ARRIVAL
NASDAQ
Auto Manufacturers
$15.52M$1.182.61%-$128.36M-0.11x0.44
MULN
MULLEN AUTOMOTIVE INC
NASDAQ
Auto Manufacturers
$97.61M$0.53-5.69%-$1.40B-0.00x0.80
XPEV
XPENG INC
NYSE
Auto Manufacturers
$14.17B$16.443.46%N/A-10.33x1.04
BLBD
BLUE BIRD CORP
NASDAQ
Auto Manufacturers
$625.25M$19.451.62%$12.38M-33.53x36.34
LVWR
LIVEWIRE GROUP INC
NYSE
Auto Manufacturers
$1.57B$7.770.65%-$108.14MN/A0.25
CJET
CHIJET MOTOR COMPANY INC
NASDAQ
Auto Manufacturers
$35.40M$1.95-16.31%$1.27M32.50x-1.09
NWTN
NWTN INC
NASDAQ
Auto Manufacturers
$2.51B$8.77-0.11%-$39.58M-51.59x0.26
NIO
NIO INC
NYSE
Auto Manufacturers
$14.10B$8.530.95%N/A-4.85x4.78
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
NASDAQ
Auto Manufacturers
$4.78B$2.24-4.27%$33.93M-112.00x10.04
PEV
PHOENIX MOTOR INC
NASDAQ
Auto Manufacturers
$12.78M$0.600.00%-$11.57M-0.87x1.34
VEV
VICINITY MOTOR CORP
NASDAQ
Auto Manufacturers
$42.01M$0.920.55%-$7.31M-3.57x1.00
GOEV
CANOO INC
NASDAQ
Auto Manufacturers
$282.75M$0.451.58%-$336.57M-0.46x1.24
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
NASDAQ
Auto Manufacturers
$72.91M$3.927.10%-$563.88M-0.05x1.04
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
NASDAQ
Auto Manufacturers
$44.87M$0.92-3.16%-$3.03M-18.40x0.68
VFS
VINFAST AUTO LTD
NASDAQ
Auto Manufacturers
$36.30B$15.63-0.76%-$2.22B-8.95x-1.28
VLCN
VOLCON INC
NASDAQ
Auto Manufacturers
$12.52M$0.412.25%-$39.47M-0.23x-1.88

Auto Stocks FAQ

What are the best auto stocks to buy right now in Sep 2023?

According to Zen Score, the 3 best car stocks to buy right now are:

1. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) is the top auto stock with a Zen Score of 52, which is 26 points higher than the auto industry average of 26. It passed 18 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock return 51.41% over the past year, overperforming other auto stocks by 61 percentage points.

Stellantis Nv has an average 1 year price target of $25.30, an upside of 30.75% from Stellantis Nv's current stock price of $19.35.

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

2. Tesla (NASDAQ:TSLA)


Tesla (NASDAQ:TSLA) is the second best auto stock with a Zen Score of 49, which is 23 points higher than the auto industry average of 26. It passed 17 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -15.15% over the past year, underperforming other auto stocks by -6 percentage points.

Tesla has an average 1 year price target of $252.80, an upside of 3.23% from Tesla's current stock price of $244.88.

Tesla stock has a consensus Hold recommendation according to Wall Street analysts. Of the 25 analysts covering Tesla, 24% have issued a Strong Buy rating, 16% have issued a Buy, 44% have issued a hold, while 4% have issued a Sell rating, and 12% have issued a Strong Sell.

3. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) is the third best auto stock with a Zen Score of 48, which is 22 points higher than the auto industry average of 26. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ford Motor Co has seen its stock lose -2.66% over the past year, overperforming other auto stocks by 7 percentage points.

Ford Motor Co has an average 1 year price target of $14.90, an upside of 19.87% from Ford Motor Co's current stock price of $12.43.

Ford Motor Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Ford Motor Co, 50% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 10% have issued a Strong Sell.

What are the auto stocks with highest dividends?

Out of 4 auto stocks that have issued dividends in the past year, the 3 auto stocks with the highest dividend yields are:

1. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) has an annual dividend yield of 10.06%, which is 5 percentage points higher than the auto industry average of 4.89%. Ford Motor Co's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Ford Motor Co's dividend has shown consistent growth over the last 10 years.

Ford Motor Co's dividend payout ratio of 135.9% indicates that its high dividend yield might not be sustainable for the long-term.

2. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) has an annual dividend yield of 7.68%, which is 3 percentage points higher than the auto industry average of 4.89%. Stellantis Nv's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Stellantis Nv's dividend has shown consistent growth over the last 10 years.

Stellantis Nv's dividend payout ratio of 21% indicates that its high dividend yield is sustainable for the long-term.

3. General Motors Co (NYSE:GM)


General Motors Co (NYSE:GM) has an annual dividend yield of 1.1%, which is -4 percentage points lower than the auto industry average of 4.89%. General Motors Co's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. General Motors Co's dividend has not shown consistent growth over the last 10 years.

General Motors Co's dividend payout ratio of 5% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks down?

Auto stocks were down -1.24% in the last day, and down -6.2% over the last week.

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

What are the most undervalued auto stocks?

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

1. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) is the most undervalued auto stock based on WallStreetZen's Valuation Score. Ford Motor Co has a valuation score of 71, which is 51 points higher than the auto industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has dropped -2.66% in the past year. It has overperformed other stocks in the auto industry by 7 percentage points.

2. Toyota Motor (NYSE:TM)


Toyota Motor (NYSE:TM) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. Toyota Motor has a valuation score of 57, which is 37 points higher than the auto industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Toyota Motor's stock has gained 34.56% in the past year. It has overperformed other stocks in the auto industry by 44 percentage points.

3. Cenntro Electric Group (NASDAQ:CENN)


Cenntro Electric Group (NASDAQ:CENN) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Cenntro Electric Group has a valuation score of 43, which is 23 points higher than the auto industry average of 20. It passed 3 out of 7 valuation due diligence checks.

Cenntro Electric Group's stock has dropped -75.35% in the past year. It has underperformed other stocks in the auto industry by -66 percentage points.

Are auto stocks a good buy now?

36.84% of auto stocks rated by analysts are a buy right now. On average, analysts expect auto stocks to rise by 15.88% over the next year.

What is the average p/e ratio of the auto manufacturers industry?

The average P/E ratio of the auto manufacturers industry is 41.91x.
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.