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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
TSLA
TESLA INC
$517.06B23.50%13.60%11.24%14.70%0.681.7217.80%14.40%9.46%
LI
LI AUTO INC
$24.99B22.40%10.20%14.75%193.20%1.381.5722.20%9.50%8.42%
STLA
STELLANTIS NV
$75.16B24.20%9.60%17.43%40.00%1.471.2420.10%9.80%11.79%
F
FORD MOTOR CO
$51.83B10.00%1.60%3.08%1.90%5.391.209.20%2.50%3.00%
LOBO
LOBO EV TECHNOLOGIES LTD
N/A32.30%10.40%37.90%50.40%2.321.2216.40%7.60%10.31%
BLBD
BLUE BIRD CORP
$1.13B196.20%15.30%40.69%47.60%4.711.3016.00%5.00%8.16%
NIU
NIU TECHNOLOGIES
$161.32M-22.30%-11.60%-25.09%-36.80%1.001.6421.50%-10.30%-10.58%
XPEV
XPENG INC
$6.67B-14.70%-6.70%-9.95%-12.60%1.321.5112.50%-23.20%-22.78%
LCID
LUCID GROUP INC
$5.87B-57.00%-33.10%-37.34%-34.70%0.764.72-225.20%-475.10%-470.79%
WKHS
WORKHORSE GROUP INC
$50.69M-121.50%-76.70%-130.44%-161.60%0.711.76-192.90%-946.30%-880.49%
RACE
FERRARI NV
$102.46B43.80%15.70%N/A22.20%1.63N/A49.80%21.00%27.00%
HMC
HONDA MOTOR CO LTD
$55.77B7.90%3.50%6.29%5.30%1.251.4521.20%4.80%6.49%
TM
TOYOTA MOTOR CORP
$314.06B14.60%5.60%10.83%7.80%1.561.1819.90%10.30%14.16%
GM
GENERAL MOTORS CO
$51.43B15.30%3.80%6.77%4.50%3.091.1611.40%6.10%7.15%
RIVN
RIVIAN AUTOMOTIVE INC
$8.64B-49.20%-31.60%-36.46%-55.00%0.844.95-45.80%-122.50%-117.52%
GP
GREENPOWER MOTOR CO INC
$47.21M-66.20%-28.00%-50.40%-30.90%1.781.8615.10%-31.50%-28.13%
HYZN
HYZON MOTORS INC
$148.56M-91.50%-69.90%-124.20%-160.30%0.473.58-5,207.10%-62,387.10%-62,553.90%
NIO
NIO INC
$8.63B-112.30%-21.30%-33.87%-37.10%3.441.225.50%-38.00%-36.28%
LVWR
LIVEWIRE GROUP INC
$1.43B-44.70%-36.60%-49.79%-233.60%0.294.56-15.20%-288.10%-287.91%
MULN
MULLEN AUTOMOTIVE INC
$24.70M-306.00%-147.10%-234.39%-6,237.30%0.521.4925.20%-177,430.60%-182,350.70%
EVTV
ENVIROTECH VEHICLES INC
$36.47M-48.20%-45.20%-60.75%-96.20%0.106.8035.10%-443.10%-443.05%
CENN
CENNTRO INC
$46.86M-38.50%-26.90%-34.94%-38.40%0.523.5810.20%-245.50%-247.25%
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
$2.65BN/A-17.60%493.63%-450.80%-7.970.552.90%-25.80%-19.99%
VFS
VINFAST AUTO LTD
$5.84BN/A-44.90%314.64%-49.40%-1.430.30-38.30%-171.10%-129.86%
CJET
CHIJET MOTOR COMPANY INC
$53.84MN/A-33.10%-96.51%-84.00%-5.810.25-317.70%-664.10%-537.75%
GOEV
CANOO INC
$186.75M-134.50%-58.00%-82.92%-69.90%1.170.18-167.90%-34,155.90%-33,463.21%
AYRO
AYRO INC
$7.16M-120.70%-76.00%-70.36%-141.90%1.9511.37-929.00%-7,824.50%-6,846.92%
LOT
LOTUS TECHNOLOGY INC
$2.80BN/A-80.70%423.33%-307.80%-2.000.5015.00%-111.50%-107.61%
NWTN
NWTN INC
$1.97B-121.60%-64.90%-44.39%-198.10%0.362.6210.80%-17,205.00%-17,385.94%
VEV
VICINITY MOTOR CORP
$31.65M-54.80%-24.50%-37.79%-28.20%2.500.9311.20%-87.30%-60.88%
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
$956.94k-218.90%-95.90%-137.32%-137.20%1.210.67-4,027.80%-97,190.90%-96,791.65%
ECDA
ECD AUTOMOTIVE DESIGN INC
$7.88M-1.00%0.10%2.40%1.10%-1.140.02N/AN/AN/A
VLCN
VOLCON INC
$4.84MN/AN/AN/AN/AN/AN/A-249.30%-1,382.10%-1,229.74%
SVMH
SRIVARU HOLDING LTD
$4.06MN/A-0.90%105.43%-0.70%-2.480.54-119.30%-600.40%-475.13%
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
$11.32MN/A-147.30%1,354.44%-159.20%-1.400.11N/AN/AN/A
EGOX
NEXTEGO NV
$3.54MN/AN/AN/AN/A2.030.08N/AN/AN/A
PEV
PHOENIX MOTOR INC
$21.75M-442.20%-128.30%-2,651.26%-263.80%-3.410.55-8.80%-661.30%-641.16%

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 60, which is 36 points higher than the auto industry average of 24. It passed 20 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -0.26% over the past year, overperforming other auto stocks by 70 percentage points.

Tesla has an average 1 year price target of $180.40, an upside of 11.27% from Tesla's current stock price of $162.13.

Tesla stock has a consensus Hold recommendation according to Wall Street analysts. Of the 27 analysts covering Tesla, 14.81% have issued a Strong Buy rating, 14.81% have issued a Buy, 44.44% have issued a hold, while 7.41% have issued a Sell rating, and 18.52% 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 5.25% over the past year, overperforming other auto stocks by 75 percentage points.

Li Auto has an average 1 year price target of $48.08, an upside of 101.44% from Li Auto's current stock price of $23.87.

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 51.4% over the past year, overperforming other auto stocks by 122 percentage points.

Stellantis Nv has an average 1 year price target of $31.93, an upside of 28.45% from Stellantis Nv's current stock price of $24.86.

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. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) has an annual dividend yield of 6.64%, which is 3 percentage points higher than the auto industry average of 3.24%. 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 4.86%, which is 2 percentage points higher than the auto industry average of 3.24%. 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.

3. General Motors Co (NYSE:GM)


General Motors Co (NYSE:GM) has an annual dividend yield of 0.87%, which is -2 percentage points lower than the auto industry average of 3.24%. 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 up?

Auto stocks were up 1.25% in the last day, and up 0.83% over the last week. Tesla was the among the top gainers in the auto manufacturers industry, gaining 12.06% yesterday.

Tesla shares are trading higher following Q1 earnings. Additionally, B of A Securities upgraded the stock from Neutral to Buy.

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 gained 6.5% in the past year. It has overperformed other stocks in the auto industry by 77 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 31.59% 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 24.32% 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 24.59x.
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.