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Sectors & IndustriesConsumer CyclicalAuto Manufacturers
Best Auto Stocks to Buy Now (2024)
Top auto stocks in 2024 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
$495.08B$155.45-1.06%$14.82B32.86x0.69
LI
LI AUTO INC
NASDAQ
Auto Manufacturers
$30.08B$28.731.13%$1.69B17.45x1.38
STLA
STELLANTIS NV
NYSE
Auto Manufacturers
$77.97B$25.79-0.04%$32.15B4.01x1.47
F
FORD MOTOR CO
NYSE
Auto Manufacturers
$48.18B$12.04-0.41%$12.98B11.05x5.39
LOBO
LOBO EV TECHNOLOGIES LTD
NASDAQ
Auto Manufacturers
N/A$3.20-1.36%$2.94M11.03x2.32
BLBD
BLUE BIRD CORP
NASDAQ
Auto Manufacturers
$1.10B$34.22-4.97%$115.32M18.01x4.71
XPEV
XPENG INC
NYSE
Auto Manufacturers
$6.99B$7.423.78%-$376.67M-9.06x1.32
LCID
LUCID GROUP INC
NASDAQ
Auto Manufacturers
$5.57B$2.420.83%-$2.54B-1.78x0.76
WKHS
WORKHORSE GROUP INC
NASDAQ
Auto Manufacturers
$54.47M$0.17-3.35%-$109.73M-0.29x0.71
NIU
NIU TECHNOLOGIES
NASDAQ
Auto Manufacturers
$161.41M$2.05-5.96%N/A-4.26x1.00
HMC
HONDA MOTOR CO LTD
NYSE
Auto Manufacturers
$56.26B$34.71-1.20%$13.61B9.12x1.25
RACE
FERRARI NV
NYSE
Auto Manufacturers
$101.40B$416.001.13%$2.45B55.99x1.63
GM
GENERAL MOTORS CO
NYSE
Auto Manufacturers
$49.02B$42.46-0.47%$23.49B5.78x3.19
TM
TOYOTA MOTOR CORP
NYSE
Auto Manufacturers
$315.53B$233.97-1.08%$54.77B10.57x1.56
RIVN
RIVIAN AUTOMOTIVE INC
NASDAQ
Auto Manufacturers
$8.54B$8.740.34%-$4.27B-1.52x0.84
GP
GREENPOWER MOTOR CO INC
NASDAQ
Auto Manufacturers
$42.96M$1.721.78%-$12.18M-2.73x1.78
NIO
NIO INC
NYSE
Auto Manufacturers
$8.14B$3.912.62%-$2.11B-2.27x3.44
HYZN
HYZON MOTORS INC
NASDAQ
Auto Manufacturers
$151.99M$0.620.98%-$180.56M-0.83x0.47
LVWR
LIVEWIRE GROUP INC
NYSE
Auto Manufacturers
$1.55B$7.641.73%-$103.64M-14.15x0.29
MULN
MULLEN AUTOMOTIVE INC
NASDAQ
Auto Manufacturers
$18.87M$2.88-11.11%-$651.47M0.00x0.52
EVTV
ENVIROTECH VEHICLES INC
NASDAQ
Auto Manufacturers
$34.15M$2.20-3.08%-$12.56M-2.62x0.10
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
NASDAQ
Auto Manufacturers
$2.80B$1.310.38%-$445.74M-5.70x-7.97
CENN
CENNTRO INC
NASDAQ
Auto Manufacturers
$45.63M$1.480.68%-$48.43M-0.83x0.52
VFS
VINFAST AUTO LTD
NASDAQ
Auto Manufacturers
$6.36B$2.72-11.40%N/A-2.76x-1.43
CJET
CHIJET MOTOR COMPANY INC
NASDAQ
Auto Manufacturers
$55.60M$0.350.00%-$29.82M-0.61x-5.81
GOEV
CANOO INC
NASDAQ
Auto Manufacturers
$184.18M$2.86-2.39%-$279.28M-5.40x1.17
AYRO
AYRO INC
NASDAQ
Auto Manufacturers
$6.62M$1.343.08%-$32.92M-0.16x1.95
LOT
LOTUS TECHNOLOGY INC
NASDAQ
Auto Manufacturers
$2.97B$6.250.00%N/A-3.91x-2.00
NWTN
NWTN INC
NASDAQ
Auto Manufacturers
$1.95B$6.82-5.93%N/A-17.95x0.36
VEV
VICINITY MOTOR CORP
NASDAQ
Auto Manufacturers
$29.09M$0.642.74%-$7.48M-2.40x2.50
ECDA
ECD AUTOMOTIVE DESIGN INC
NASDAQ
Auto Manufacturers
$7.62M$1.150.88%$811.70k28.75x-1.14
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
NASDAQ
Auto Manufacturers
$1.17M$0.06-7.58%-$515.48M-0.00x1.21
VLCN
VOLCON INC
NASDAQ
Auto Manufacturers
$4.42M$0.24-6.35%-$39.48M-0.00xN/A
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
NASDAQ
Auto Manufacturers
$9.55M$0.17-33.47%-$221.11M-0.04x-1.40
EGOX
NEXTEGO NV
NASDAQ
Auto Manufacturers
$2.98M$0.0310.34%N/AN/A2.03
SVMH
SRIVARU HOLDING LTD
NASDAQ
Auto Manufacturers
$4.64M$0.222.86%-$509.54k-5.40x-2.48
PEV
PHOENIX MOTOR INC
NASDAQ
Auto Manufacturers
$24.28M$0.70-6.67%-$18.01M-0.72x-3.41

Auto Stocks FAQ

What are the best auto stocks to buy right now in Apr 2024?

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 57, which is 33 points higher than the auto industry average of 24. It passed 19 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -16.89% over the past year, overperforming other auto stocks by 54 percentage points.

Tesla has an average 1 year price target of $191.75, an upside of 23.35% from Tesla's current stock price of $155.45.

Tesla stock has a consensus Hold recommendation according to Wall Street analysts. Of the 25 analysts covering Tesla, 16% have issued a Strong Buy rating, 16% have issued a Buy, 40% have issued a hold, while 8% have issued a Sell rating, and 20% have issued a Strong Sell.

2. Li Auto (NASDAQ:LI)


Li Auto (NASDAQ:LI) is the second best auto stock with a Zen Score of 52, which is 28 points higher than the auto industry average of 24. It passed 17 out of 33 due diligence checks and has strong fundamentals. Li Auto has seen its stock return 9.95% over the past year, overperforming other auto stocks by 81 percentage points.

Li Auto has an average 1 year price target of $48.08, an upside of 67.36% from Li Auto's current stock price of $28.73.

Li Auto stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Li Auto, 83.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% 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 50, which is 26 points higher than the auto industry average of 24. It passed 17 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock return 38.14% over the past year, overperforming other auto stocks by 109 percentage points.

Stellantis Nv has an average 1 year price target of $31.93, an upside of 23.82% from Stellantis Nv's current stock price of $25.79.

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, 33.33% 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. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) has an annual dividend yield of 6.48%, which is 3 percentage points higher than the auto industry average of 3.41%. 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 114.7% 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 5.77%, which is 2 percentage points higher than the auto industry average of 3.41%. 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 23.1% 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 0.92%, which is -2 percentage points lower than the auto industry average of 3.41%. 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 4.9% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks down?

Auto stocks were down -0.25% in the last day, and down -4.37% over the last week. Zapp Electric Vehicles Group was the among the top losers in the auto manufacturers industry, dropping -33.47% yesterday.

Zapp Electric Vehicles shares are trading lower after the company announced a reverse stock split.

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 52 points higher than the auto industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has dropped -5.05% in the past year. It has overperformed other stocks in the auto industry by 66 percentage points.

2. Lobo Ev Technologies (NASDAQ:LOBO)


Lobo Ev Technologies (NASDAQ:LOBO) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. Lobo Ev Technologies has a valuation score of 57, which is 38 points higher than the auto industry average of 19. It passed 4 out of 7 valuation due diligence checks.

3. Honda Motor Co (NYSE:HMC)


Honda Motor Co (NYSE:HMC) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Honda Motor Co has a valuation score of 43, which is 24 points higher than the auto industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Honda Motor Co's stock has gained 31.48% in the past year. It has overperformed other stocks in the auto industry by 102 percentage points.

Are auto stocks a good buy now?

55.56% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 21.3% 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 22.34x.
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.