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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
TSLA
TESLA INC
NASDAQ
Auto Manufacturers
$506.09B$160.2710.97%$16.17B44.27x0.84
STLA
STELLANTIS NV
NYSE
Auto Manufacturers
$48.39B$15.390.92%$25.20B3.13x1.79
SOLO
ELECTRAMECCANICA VEHICLES CORP
NASDAQ
Auto Manufacturers
$113.54M$0.96-4.21%-$70.29M-1.47x0.13
NIU
NIU TECHNOLOGIES
NASDAQ
Auto Manufacturers
$448.11M$5.773.78%N/A90.16x1.14
TM
TOYOTA MOTOR CORP
NYSE
Auto Manufacturers
$199.11B$145.47-0.47%$40.75B11.24x1.62
HYZN
HYZON MOTORS INC
NASDAQ
Auto Manufacturers
$505.72M$2.045.15%-$11.64M-13.60x0.42
F
FORD MOTOR CO
NYSE
Auto Manufacturers
$51.94B$12.921.02%$16.07B5.74x4.86
LCID
LUCID GROUP INC
NASDAQ
Auto Manufacturers
$15.12B$9.001.47%-$1.67B5.45x1.13
RIVN
RIVIAN AUTOMOTIVE INC
NASDAQ
Auto Manufacturers
$16.86B$18.31-2.03%-$6.83B-2.83x0.24
HMC
HONDA MOTOR CO LTD
NYSE
Auto Manufacturers
$41.45B$24.270.75%$11.75B8.87x1.20
GM
GENERAL MOTORS CO
NYSE
Auto Manufacturers
$51.83B$36.480.44%$23.86B6.15x2.92
RACE
FERRARI NV
NYSE
Auto Manufacturers
$61.25B$247.770.89%$1.66B49.94x2.17
LI
LI AUTO INC
NASDAQ
Auto Manufacturers
$24.59B$25.228.89%-$199.47M-87.57x0.80
GP
GREENPOWER MOTOR CO INC
NASDAQ
Auto Manufacturers
$81.49M$3.521.73%-$16.30M-4.46x1.12
AYRO
AYRO INC
NASDAQ
Auto Manufacturers
$25.54M$0.694.39%-$23.22M-1.08x0.06
PTRA
PROTERRA INC
NASDAQ
Auto Manufacturers
$1.09B$4.83-5.11%-$158.51M-10.06x0.50
NKLA
NIKOLA CORP
NASDAQ
Auto Manufacturers
$1.21B$2.53-5.24%-$691.83M-1.48x1.06
ARVL
ARRIVAL
NASDAQ
Auto Manufacturers
$256.49M$0.39-0.26%-$128.36M-1.77x0.44
BLBD
BLUE BIRD CORP
NASDAQ
Auto Manufacturers
$473.01M$14.77-1.07%-$28.49M-9.98x263.93
WKHS
WORKHORSE GROUP INC
NASDAQ
Auto Manufacturers
$341.33M$2.08-0.95%-$193.96M-1.28x0.54
FSR
FISKER INC
NYSE
Auto Manufacturers
$2.13B$6.82-1.45%-$492.14M-3.97x1.39
XPEV
XPENG INC
NYSE
Auto Manufacturers
$8.80B$10.244.81%N/AN/A0.82
RIDE
LORDSTOWN MOTORS CORP
NASDAQ
Auto Manufacturers
$260.37M$1.20-1.64%-$261.10M-0.94x0.22
NIO
NIO INC
NYSE
Auto Manufacturers
$20.59B$12.174.64%N/A-13.09x2.20
CENN
CENNTRO ELECTRIC GROUP LTD
NASDAQ
Auto Manufacturers
$163.29M$0.6312.01%N/AN/A0.10
PEV
PHOENIX MOTOR INC
NASDAQ
Auto Manufacturers
$22.22M$1.100.09%N/AN/A0.24
GOEV
CANOO INC
NASDAQ
Auto Manufacturers
$386.16M$1.19-4.80%-$530.00M-0.53x0.95
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
NASDAQ
Auto Manufacturers
$357.50M$0.79-6.92%-$450.01M-0.61x0.88
VEV
VICINITY MOTOR CORP
NASDAQ
Auto Manufacturers
$34.08M$0.910.89%-$9.28M-2.48x0.66
SEV
SONO GROUP NV
NASDAQ
Auto Manufacturers
$100.99M$1.024.94%N/AN/A2.61
VLCN
VOLCON INC
NASDAQ
Auto Manufacturers
$37.78M$1.553.33%N/AN/A2.63
NWTN
NWTN INC
NASDAQ
Auto Manufacturers
$3.37B$11.47-3.04%-$17.52M-163.86x-1.19
AMV
ATLIS MOTOR VEHICLES INC
NASDAQ
Auto Manufacturers
$114.77M$3.03-4.72%N/AN/A4.01

Auto Stocks FAQ

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

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

1. Tesla (NASDAQ:TSLA)


Tesla (NASDAQ:TSLA) is the top auto stock with a Zen Score of 59, which is 32 points higher than the auto industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -48.71% over the past year, underperforming other auto stocks by -17 percentage points.

Tesla has an average 1 year price target of $367.48, an upside of 129.29% from Tesla's current stock price of $160.27.

Tesla stock has a consensus Buy recommendation according to Wall Street analysts. Of the 29 analysts covering Tesla, 34.48% have issued a Strong Buy rating, 27.59% have issued a Buy, 27.59% have issued a hold, while 0% have issued a Sell rating, and 10.34% have issued a Strong Sell.

2. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) is the second best auto stock with a Zen Score of 48, which is 21 points higher than the auto industry average of 27. It passed 17 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock lose -20.51% over the past year, overperforming other auto stocks by 11 percentage points.

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

3. Electrameccanica Vehicles (NASDAQ:SOLO)


Electrameccanica Vehicles (NASDAQ:SOLO) is the third best auto stock with a Zen Score of 47, which is 20 points higher than the auto industry average of 27. It passed 15 out of 33 due diligence checks and has strong fundamentals. Electrameccanica Vehicles has seen its stock lose -50% over the past year, underperforming other auto stocks by -18 percentage points.

Electrameccanica Vehicles has an average 1 year price target of $8.47, an upside of 786.49% from Electrameccanica Vehicles's current stock price of $0.96.

Electrameccanica Vehicles stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Electrameccanica Vehicles, 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.

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. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) has an annual dividend yield of 7.29%, which is 4 percentage points higher than the auto industry average of 3.06%.

Stellantis Nv's dividend payout ratio of 22.8% indicates that its high dividend yield is sustainable for the long-term.

2. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) has an annual dividend yield of 3.87%, which is 1 percentage points higher than the auto industry average of 3.06%. Ford Motor Co's dividend payout is not stable, having dropped more than 10% four 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 20% 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 0.59%, which is -2 percentage points lower than the auto industry average of 3.06%. 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 29.6% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks up?

Auto stocks were up 2.61% in the last day, and up 8.08% over the last week. Tesla was the among the top gainers in the auto manufacturers industry, gaining 10.97% yesterday.

Tesla shares are trading higher after the company reported better-than-expected Q4 EPS and sales results and a year-over-year increase in Q4 total production and total deliveries.

What are the most undervalued auto stocks?

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

1. Honda Motor Co (NYSE:HMC)


Honda Motor Co (NYSE:HMC) is the most undervalued auto stock based on WallStreetZen's Valuation Score. Honda Motor Co has a valuation score of 71, which is 45 points higher than the auto industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Honda Motor Co's stock has dropped -17.34% in the past year. It has overperformed other stocks in the auto industry by 15 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 71, which is 45 points higher than the auto industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Toyota Motor's stock has dropped -25.08% in the past year. It has overperformed other stocks in the auto industry by 7 percentage points.

3. Niu Technologies (NASDAQ:NIU)


Niu Technologies (NASDAQ:NIU) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Niu Technologies has a valuation score of 57, which is 31 points higher than the auto industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Niu Technologies's stock has dropped -57.39% in the past year. It has underperformed other stocks in the auto industry by -26 percentage points.

Are auto stocks a good buy now?

46.43% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 62.23% 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 24.5x.
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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.