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Best Auto Stocks to Buy Now (2022)
Top auto stocks in 2022 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
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
NIU
NIU TECHNOLOGIES
NASDAQ
Auto Manufacturers
$535.51M$6.93-6.85%N/A17.54x0.81
TSLA
TESLA INC
NASDAQ
Auto Manufacturers
$650.78B$628.16-6.93%$12.88B75.41x0.90
STLA
STELLANTIS NV
NYSE
Auto Manufacturers
$44.64B$14.25-1.79%$25.81B2.78x2.07
SOLO
ELECTRAMECCANICA VEHICLES CORP
NASDAQ
Auto Manufacturers
$175.55M$1.48-7.50%N/A-2.90x0.04
RACE
FERRARI NV
NYSE
Auto Manufacturers
$47.09B$190.520.45%$1.68B38.19x2.13
TM
TOYOTA MOTOR CORP
NYSE
Auto Manufacturers
$221.28B$160.60-0.46%$45.70B9.99x1.54
F
FORD MOTOR CO
NYSE
Auto Manufacturers
$49.93B$12.42-3.20%$18.74B4.30x4.62
LCID
LUCID GROUP INC
NASDAQ
Auto Manufacturers
$28.52B$17.10-7.07%-$1.80B-0.98x0.93
PTRA
PROTERRA INC
NASDAQ
Auto Manufacturers
$1.26B$5.67-1.56%-$183.15M-1.39x0.39
SEV
SONO GROUP NV
NASDAQ
Auto Manufacturers
$206.02M$2.80-7.89%-$63.67MN/A0.77
NIO
NIO INC
NYSE
Auto Manufacturers
$24.76B$14.63-8.56%-$149.08M-13.93x1.29
HYZN
HYZON MOTORS INC
NASDAQ
Auto Manufacturers
$1.01B$4.06-5.36%-$11.64M-27.07x0.42
HMC
HONDA MOTOR CO LTD
NYSE
Auto Manufacturers
$43.08B$24.95-1.23%$12.89B7.74x1.26
LI
LI AUTO INC
NASDAQ
Auto Manufacturers
$21.00B$21.76-7.29%$38.54MN/A0.59
GP
GREENPOWER MOTOR CO INC
NASDAQ
Auto Manufacturers
$86.99M$3.91-2.25%-$9.71M-7.82x0.19
AYRO
AYRO INC
NASDAQ
Auto Manufacturers
$35.77M$0.97-4.06%-$31.27M-1.10x0.05
FSR
FISKER INC
NYSE
Auto Manufacturers
$2.86B$9.61-12.79%-$401.36M-6.86x1.16
WKHS
WORKHORSE GROUP INC
NASDAQ
Auto Manufacturers
$410.42M$2.51-9.06%-$275.40M-1.10x0.34
CENN
CENNTRO ELECTRIC GROUP LTD
NASDAQ
Auto Manufacturers
$412.78M$1.58-5.95%-$14.08M-17.56x0.11
GM
GENERAL MOTORS CO
NYSE
Auto Manufacturers
$51.34B$35.21-2.19%$24.36B5.78x2.97
NKLA
NIKOLA CORP
NASDAQ
Auto Manufacturers
$2.48B$5.88-5.92%-$712.93M-3.28x0.46
ELMS
ELECTRIC LAST MILE SOLUTIONS INC
NASDAQ
Auto Manufacturers
$78.88M$0.64-8.49%-$54.80M-0.02x0.44
BLBD
BLUE BIRD CORP
NASDAQ
Auto Manufacturers
$368.85M$11.53-6.41%$655.00k-25.07x13.43
XPEV
XPENG INC
NYSE
Auto Manufacturers
$17.30B$20.32-7.55%N/AN/A0.65
ARVL
ARRIVAL
NASDAQ
Auto Manufacturers
$1.10B$1.68-8.70%-$1.14B-0.80x0.44
RIVN
RIVIAN AUTOMOTIVE INC
NASDAQ
Auto Manufacturers
$23.89B$26.53-5.22%N/AN/A0.17
VLCN
VOLCON INC
NASDAQ
Auto Manufacturers
$28.81M$1.19-4.03%N/AN/A0.44
RIDE
LORDSTOWN MOTORS CORP
NASDAQ
Auto Manufacturers
$359.27M$1.82-12.50%-$363.49M-0.90x0.45
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
NASDAQ
Auto Manufacturers
$785.92M$2.60-1.52%N/AN/A0.67
GOEV
CANOO INC
NASDAQ
Auto Manufacturers
$745.28M$3.10-4.32%-$445.43M-1.56x0.70
VEV
VICINITY MOTOR CORP
NASDAQ
Auto Manufacturers
$55.15M$1.560.65%-$6.99M-5.25x0.69
TTM
TATA MOTORS LTD
NYSE
Auto Manufacturers
$18.10B$27.26-0.44%$2.65BN/A5.61
1

Auto Stocks FAQ

What are the best auto stocks to buy right now in May 2022?

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

1. NIU TECHNOLOGIES (NASDAQ:NIU)


NIU TECHNOLOGIES (NASDAQ:NIU) is the top auto stock with a Zen Score of 66, which is 34 points higher than the auto industry average of 32. It passed 22 out of 33 due diligence checks and has strong fundamentals. NIU TECHNOLOGIES has seen its stock lose -77.66% over the past year, underperforming other auto stocks by -64 percentage points.

NIU TECHNOLOGIES has an average 1 year price target of $35.00, an upside of 405.05% from NIU TECHNOLOGIES's current stock price of $6.93.

NIU TECHNOLOGIES stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering NIU TECHNOLOGIES, 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 64, which is 32 points higher than the auto industry average of 32. It passed 22 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock return 3.58% over the past year, overperforming other auto stocks by 18 percentage points.

Tesla has an average 1 year price target of $964.50, an upside of 53.54% from Tesla's current stock price of $628.16.

Tesla stock has a consensus Buy recommendation according to Wall Street analysts. Of the 24 analysts covering Tesla, 37.5% have issued a Strong Buy rating, 16.67% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.

3. STELLANTIS NV (NYSE:STLA)


STELLANTIS NV (NYSE:STLA) is the third best auto stock with a Zen Score of 54, which is 22 points higher than the auto industry average of 32. It passed 20 out of 38 due diligence checks and has strong fundamentals. STELLANTIS NV has seen its stock lose -24.16% over the past year, underperforming other auto stocks by -10 percentage points.

STELLANTIS NV stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering STELLANTIS NV, 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.

What are the auto stocks with highest dividends?

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

1. STELLANTIS NV (NYSE:STLA)


STELLANTIS NV (NYSE:STLA) has an annual dividend yield of 7.88%, which is 4 percentage points higher than the auto industry average of 3.69%.

STELLANTIS NV's dividend payout ratio of 9.7% indicates that its high dividend yield is sustainable for the long-term.

2. FORD MOTOR (NYSE:F)


FORD MOTOR (NYSE:F) has an annual dividend yield of 2.42%, which is -1 percentage points lower than the auto industry average of 3.69%. FORD MOTOR's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. FORD MOTOR's dividend has shown consistent growth over the last 10 years.

FORD MOTOR's dividend payout ratio of 10.4% indicates that its dividend yield is sustainable for the long-term.

3. FERRARI NV (NYSE:RACE)


FERRARI NV (NYSE:RACE) has an annual dividend yield of 0.77%, which is -3 percentage points lower than the auto industry average of 3.69%. FERRARI NV's dividend payout is stable, having never dropped by more than 10% in the last 10 years. FERRARI NV's dividend has shown consistent growth over the last 10 years.

FERRARI NV's dividend payout ratio of 29.5% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks down?

Auto stocks were down -4.6% in the last day, and down -11% over the last week. FISKER was the among the top losers in the auto manufacturers industry, dropping -12.79% yesterday.

Shares of companies in the auto & auto component space are trading lower amid a continued selloff in stocks.

What are the most undervalued auto stocks?

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

1. NIU TECHNOLOGIES (NASDAQ:NIU)


NIU TECHNOLOGIES (NASDAQ:NIU) is the most undervalued auto stock based on WallStreetZen's Valuation Score. NIU TECHNOLOGIES has a valuation score of 86, which is 54 points higher than the auto industry average of 32. It passed 6 out of 7 valuation due diligence checks.

NIU TECHNOLOGIES's stock has dropped -77.66% in the past year. It has underperformed other stocks in the auto industry by -64 percentage points.

2. HONDA MOTOR (NYSE:HMC)


HONDA MOTOR (NYSE:HMC) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. HONDA MOTOR has a valuation score of 71, which is 39 points higher than the auto industry average of 32. It passed 5 out of 7 valuation due diligence checks.

HONDA MOTOR's stock has dropped -19.77% in the past year. It has underperformed other stocks in the auto industry by -6 percentage points.

3. GENERAL MOTORS (NYSE:GM)


GENERAL MOTORS (NYSE:GM) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. GENERAL MOTORS has a valuation score of 57, which is 25 points higher than the auto industry average of 32. It passed 4 out of 7 valuation due diligence checks.

GENERAL MOTORS's stock has dropped -37.79% in the past year. It has underperformed other stocks in the auto industry by -24 percentage points.

Are auto stocks a good buy now?

44.83% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 63.88% 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 42.73x.
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