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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
Price
Volume
Vol 1d %
SMA 10
SMA 20
SMA 50
SMA 100
SMA 200
RSI
Stochastic %K
Stochastic %D
StochRSI %K
StochRSI %D
MACD
MACD Signal
MACD Histogram
Beta
TSLA
TESLA INC
$183.28126,826,012-47.54%161.71165.37175.07197.97221.1958.0179.6676.6591.6894.78-0.22-4.234.001.51
LI
LI AUTO INC
$26.285,644,141-51.08%25.9628.0632.7832.3735.3540.8534.7722.5671.3942.53-1.95-1.93-0.021.31
F
FORD MOTOR CO
$12.1574,587,27448.81%12.5712.7912.6012.2212.0240.4442.7753.9745.7858.17-0.030.01-0.031.22
STLA
STELLANTIS NV
$22.3013,272,192237.16%24.8325.7326.8224.8222.0322.3112.3712.5821.8622.73-0.86-0.57-0.291.22
BLBD
BLUE BIRD CORP
$32.96349,81733.20%34.2535.4034.5130.7725.4241.0525.5830.1323.0126.68-0.300.04-0.341.08
NIU
NIU TECHNOLOGIES
$2.27446,742-11.66%2.112.091.901.942.4160.2271.5161.4657.6446.110.090.080.011.17
XPEV
XPENG INC
$8.137,999,293-43.35%7.397.498.4710.0913.4954.8184.4264.55100.0080.91-0.22-0.380.161.93
WKHS
WORKHORSE GROUP INC
$0.1520,684,350-21.73%0.160.180.240.280.4629.7413.4914.3366.2555.69-0.02-0.020.001.14
RACE
FERRARI NV
$415.70217,65248.34%416.54416.74420.51387.96352.6248.3673.3168.1570.3965.82-0.19-0.290.100.96
HMC
HONDA MOTOR CO LTD
$33.99961,7978.32%34.2435.3135.7733.9333.0935.2518.5515.0520.7314.19-0.60-0.42-0.180.77
TM
TOYOTA MOTOR CORP
$227.31333,93446.34%229.54236.06239.59218.25197.5238.5719.6318.1515.2213.02-3.67-2.31-1.360.66
GM
GENERAL MOTORS CO
$44.5315,797,43849.74%44.2744.0542.4039.3235.8255.8583.2787.9680.1193.260.770.680.091.28
LCID
LUCID GROUP INC
$2.5518,018,509-8.98%2.472.532.823.274.3746.3550.2842.6485.8478.55-0.09-0.120.031.69
RIVN
RIVIAN AUTOMOTIVE INC
$8.9021,683,223-28.83%8.879.3310.6514.5917.6540.2738.4430.7489.5377.69-0.61-0.730.122.25
GP
GREENPOWER MOTOR CO INC
$1.8624,14151.05%1.811.771.962.422.9350.1179.3178.9388.5288.18-0.04-0.070.031.32
HYZN
HYZON MOTORS INC
$0.55247,584-21.39%0.590.650.670.720.9833.242.306.285.7613.09-0.04-0.03-0.011.81
NIO
NIO INC
$4.7252,114,516-6.06%4.184.264.966.027.8556.0887.8770.93100.0099.35-0.15-0.280.121.38
LVWR
LIVEWIRE GROUP INC
$6.6917,45713.31%7.197.137.609.299.6340.0317.9926.334.9015.22-0.18-0.16-0.020.50
MULN
MULLEN AUTOMOTIVE INC
$6.2950,694,444-23.24%3.583.735.137.7132.1167.2070.7061.0390.8684.86-0.15-0.550.400.96
EVTV
ENVIROTECH VEHICLES INC
$2.1517,346582.91%2.252.382.502.001.9340.4132.4135.3950.8660.03-0.08-0.06-0.010.61
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
$1.396,102,62685.37%1.281.401.541.812.4048.3022.2110.8646.2220.23-0.09-0.090.001.23
CENN
CENNTRO INC
$1.4279,16627.51%1.511.571.471.402.0043.1917.5320.1610.038.90-0.000.02-0.020.77
LOBO
LOBO EV TECHNOLOGIES LTD
$3.1424,08893.73%42.8443.49N/AN/AN/A48.3672.8865.63N/AN/AN/AN/AN/A-0.21
VFS
VINFAST AUTO LTD
$2.562,662,4997.60%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-0.26
GOEV
CANOO INC
$2.881,998,8526.05%2.932.672.693.706.8950.7553.0550.8643.6940.920.01-0.000.010.82
AYRO
AYRO INC
$1.3525,411-50.29%1.381.411.581.702.5736.5557.5258.6871.3883.19-0.06-0.070.011.20
NWTN
NWTN INC
$6.6030,134136.44%6.937.085.986.607.8248.3126.6935.3513.5020.480.140.27-0.130.16
LOT
LOTUS TECHNOLOGY INC
$5.8311,309-47.53%5.906.287.479.009.8139.4323.0122.3656.3344.95-0.42-0.460.040.01
VEV
VICINITY MOTOR CORP
$0.7113,275-0.77%0.150.160.170.282.2647.5643.4732.0179.6968.23-0.01-0.010.000.74
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
$0.0469,589,816-11.04%0.050.070.120.3412.0528.896.605.065.191.73-0.02-0.030.001.57
ECDA
ECD AUTOMOTIVE DESIGN INC
$1.185,711-88.31%1.161.131.021.405.9754.2422.4427.509.909.910.040.04-0.000.07
VLCN
VOLCON INC
$0.26778,543-12.03%0.250.280.622.4042.8830.6133.0932.6585.6483.13-0.16-0.210.051.04
EGOX
NEXTEGO NV
$0.0393,157,154175.04%20.3620.1719.4818.15N/A60.5879.8774.9450.5739.240.370.360.02-0.16
PEV
PHOENIX MOTOR INC
$0.5533,035-12.67%0.630.700.821.060.9723.825.064.830.001.14-0.08-0.07-0.010.51
SVMH
SRIVARU HOLDING LTD
$0.18794,340-31.00%0.200.210.210.394.8140.2230.5929.1537.0330.53-0.01-0.01-0.000.10
CJET
CHIJET MOTOR COMPANY INC
$0.38139,8831,749.08%0.340.360.390.521.3451.3752.4736.4381.5565.54-0.02-0.020.000.01
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
$2.55221,821-85.65%3.324.204.755.0711.7331.183.978.5834.5039.21-0.58-0.40-0.180.39

Auto Stocks FAQ

What are the best auto stocks to buy right now in May 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 53, which is 30 points higher than the auto industry average of 23. It passed 18 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock return 13.25% over the past year, overperforming other auto stocks by 78 percentage points.

Tesla has an average 1 year price target of $179.60, a downside of -2.01% from Tesla's current stock price of $183.28.

Tesla stock has a consensus Hold recommendation according to Wall Street analysts. Of the 28 analysts covering Tesla, 14.29% have issued a Strong Buy rating, 14.29% have issued a Buy, 46.43% have issued a hold, while 7.14% have issued a Sell rating, and 17.86% have issued a Strong Sell.

2. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) is the second best auto stock with a Zen Score of 52, which is 29 points higher than the auto industry average of 23. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ford Motor Co has seen its stock return 0.75% over the past year, overperforming other auto stocks by 65 percentage points.

Ford Motor Co has an average 1 year price target of $13.41, an upside of 10.4% from Ford Motor Co's current stock price of $12.15.

Ford Motor Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Ford Motor Co, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.

3. Li Auto (NASDAQ:LI)


Li Auto (NASDAQ:LI) is the third best auto stock with a Zen Score of 52, which is 29 points higher than the auto industry average of 23. It passed 17 out of 33 due diligence checks and has strong fundamentals. Li Auto has seen its stock return 11.26% over the past year, overperforming other auto stocks by 76 percentage points.

Li Auto has an average 1 year price target of $45.75, an upside of 74.09% from Li Auto's current stock price of $26.28.

Li Auto stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Li Auto, 66.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 16.67% 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 7.4%, which is 4 percentage points higher than the auto industry average of 3.51%. 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.

2. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) has an annual dividend yield of 5.19%, which is 2 percentage points higher than the auto industry average of 3.51%. 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 64.3% 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 0.88%, which is -3 percentage points lower than the auto industry average of 3.51%. 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 4.7% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks down?

Auto stocks were down -2.34% in the last day, and up 2.13% over the last week. Stellantis Nv was the among the top losers in the auto manufacturers industry, dropping -10.51% yesterday.

Stellantis shares are trading lower following a year-over-year drop in Q1 revenue.

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 55 points higher than the auto industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has gained 0.75% in the past year. It has overperformed other stocks in the auto industry by 65 percentage points.

2. General Motors Co (NYSE:GM)


General Motors Co (NYSE:GM) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. General Motors Co has a valuation score of 43, which is 27 points higher than the auto industry average of 16. It passed 3 out of 7 valuation due diligence checks.

General Motors Co's stock has gained 33% in the past year. It has overperformed other stocks in the auto industry by 97 percentage points.

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 27 points higher than the auto industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Honda Motor Co's stock has gained 28.8% in the past year. It has overperformed other stocks in the auto industry by 93 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 21.56% 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 27.53x.
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.