Sectors & Industries Consumer 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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
TSLA	TESLA INC	NASDAQ	Auto Manufacturers	$506.09B	$160.27	10.97%	$16.17B	44.27x	0.84
STLA	STELLANTIS NV	NYSE	Auto Manufacturers	$48.39B	$15.39	0.92%	$25.20B	3.13x	1.79
SOLO	ELECTRAMECCANICA VEHICLES CORP	NASDAQ	Auto Manufacturers	$113.54M	$0.96	-4.21%	-$70.29M	-1.47x	0.13
NIU	NIU TECHNOLOGIES	NASDAQ	Auto Manufacturers	$448.11M	$5.77	3.78%	N/A	90.16x	1.14
TM	TOYOTA MOTOR CORP	NYSE	Auto Manufacturers	$199.11B	$145.47	-0.47%	$40.75B	11.24x	1.62
HYZN	HYZON MOTORS INC	NASDAQ	Auto Manufacturers	$505.72M	$2.04	5.15%	-$11.64M	-13.60x	0.42
F	FORD MOTOR CO	NYSE	Auto Manufacturers	$51.94B	$12.92	1.02%	$16.07B	5.74x	4.86
LCID	LUCID GROUP INC	NASDAQ	Auto Manufacturers	$15.12B	$9.00	1.47%	-$1.67B	5.45x	1.13
RIVN	RIVIAN AUTOMOTIVE INC	NASDAQ	Auto Manufacturers	$16.86B	$18.31	-2.03%	-$6.83B	-2.83x	0.24
HMC	HONDA MOTOR CO LTD	NYSE	Auto Manufacturers	$41.45B	$24.27	0.75%	$11.75B	8.87x	1.20
GM	GENERAL MOTORS CO	NYSE	Auto Manufacturers	$51.83B	$36.48	0.44%	$23.86B	6.15x	2.92
RACE	FERRARI NV	NYSE	Auto Manufacturers	$61.25B	$247.77	0.89%	$1.66B	49.94x	2.17
LI	LI AUTO INC	NASDAQ	Auto Manufacturers	$24.59B	$25.22	8.89%	-$199.47M	-87.57x	0.80
GP	GREENPOWER MOTOR CO INC	NASDAQ	Auto Manufacturers	$81.49M	$3.52	1.73%	-$16.30M	-4.46x	1.12
AYRO	AYRO INC	NASDAQ	Auto Manufacturers	$25.54M	$0.69	4.39%	-$23.22M	-1.08x	0.06
PTRA	PROTERRA INC	NASDAQ	Auto Manufacturers	$1.09B	$4.83	-5.11%	-$158.51M	-10.06x	0.50
NKLA	NIKOLA CORP	NASDAQ	Auto Manufacturers	$1.21B	$2.53	-5.24%	-$691.83M	-1.48x	1.06
ARVL	ARRIVAL	NASDAQ	Auto Manufacturers	$256.49M	$0.39	-0.26%	-$128.36M	-1.77x	0.44
BLBD	BLUE BIRD CORP	NASDAQ	Auto Manufacturers	$473.01M	$14.77	-1.07%	-$28.49M	-9.98x	263.93
WKHS	WORKHORSE GROUP INC	NASDAQ	Auto Manufacturers	$341.33M	$2.08	-0.95%	-$193.96M	-1.28x	0.54
FSR	FISKER INC	NYSE	Auto Manufacturers	$2.13B	$6.82	-1.45%	-$492.14M	-3.97x	1.39
XPEV	XPENG INC	NYSE	Auto Manufacturers	$8.80B	$10.24	4.81%	N/A	N/A	0.82
RIDE	LORDSTOWN MOTORS CORP	NASDAQ	Auto Manufacturers	$260.37M	$1.20	-1.64%	-$261.10M	-0.94x	0.22
NIO	NIO INC	NYSE	Auto Manufacturers	$20.59B	$12.17	4.64%	N/A	-13.09x	2.20
CENN	CENNTRO ELECTRIC GROUP LTD	NASDAQ	Auto Manufacturers	$163.29M	$0.63	12.01%	N/A	N/A	0.10
PEV	PHOENIX MOTOR INC	NASDAQ	Auto Manufacturers	$22.22M	$1.10	0.09%	N/A	N/A	0.24
GOEV	CANOO INC	NASDAQ	Auto Manufacturers	$386.16M	$1.19	-4.80%	-$530.00M	-0.53x	0.95
FFIE	FARADAY FUTURE INTELLIGENT ELECTRIC INC	NASDAQ	Auto Manufacturers	$357.50M	$0.79	-6.92%	-$450.01M	-0.61x	0.88
VEV	VICINITY MOTOR CORP	NASDAQ	Auto Manufacturers	$34.08M	$0.91	0.89%	-$9.28M	-2.48x	0.66
SEV	SONO GROUP NV	NASDAQ	Auto Manufacturers	$100.99M	$1.02	4.94%	N/A	N/A	2.61
VLCN	VOLCON INC	NASDAQ	Auto Manufacturers	$37.78M	$1.55	3.33%	N/A	N/A	2.63
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/A	N/A	4.01

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.

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.