Sectors & Industries Consumer 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

Overview Zen Score Price Valuation Financials Forecast

Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	Price	Price Target	Upside/Downside	Consensus	Analysts	Fore. Revenue Growth	Fore. Earnings Growth	Forecast ROE	Forecast ROA
LI	LI AUTO INC	$19.50B	$19.60	$38.90	98.47%	Strong Buy	5	17.94%	3.01%	46.25%	20.04%
BLBD	BLUE BIRD CORP	$1.46B	$45.15	$61.17	35.48%	Strong Buy	6	2.46%	4.37%	82.61%	24.23%
F	FORD MOTOR CO	$41.02B	$10.32	$13.13	27.18%	Hold	8	-2.32%	45.36%	20.59%	3.24%
STLA	STELLANTIS NV	$45.46B	$15.14	$27.34	80.55%	Buy	4	1.77%	1.72%	17.16%	6.78%
TSLA	TESLA INC	$722.53B	$226.17	$203.22	-10.15%	Hold	31	11.70%	-4.82%	21.20%	12.49%
RACE	FERRARI NV	$113.85B	$467.08	$481.67	3.12%	Strong Buy	6	5.70%	6.60%	74.87%	26.11%
TM	TOYOTA MOTOR CORP	$234.61B	$174.18	N/A	N/A	N/A	N/A	3.41%	1.86%	141.52%	53.78%
GM	GENERAL MOTORS CO	$50.37B	$44.82	$56.00	24.94%	Buy	14	0.36%	5.34%	16.10%	3.90%
LOBO	LOBO EV TECHNOLOGIES LTD	$15.17M	$1.95	N/A	N/A	N/A	N/A	18.84%	13.33%	35.78%	10.28%
XPEV	XPENG INC	$8.26B	$8.75	$10.82	23.66%	Buy	5	29.31%	N/A	11.28%	5.12%
RIVN	RIVIAN AUTOMOTIVE INC	$13.34B	$13.23	$17.00	28.50%	Buy	18	22.42%	N/A	0.44%	0.20%
LCID	LUCID GROUP INC	$8.19B	$3.53	$3.15	-10.76%	Hold	6	75.81%	N/A	-39.57%	-16.92%
WKHS	WORKHORSE GROUP INC	$16.93M	$0.70	$5.42	679.42%	Sell	3	55.98%	N/A	-141.26%	-78.61%
HMC	HONDA MOTOR CO LTD	$49.53B	$30.84	N/A	N/A	N/A	N/A	1.34%	-6.27%	19.97%	8.55%
GGR	GOGORO INC	$267.49M	$1.09	N/A	N/A	N/A	N/A	26.04%	N/A	-11.20%	-3.56%
FLYE	FLY-E GROUP INC	$14.83M	$0.60	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
NIO	NIO INC	$11.23B	$5.48	$6.80	24.09%	Buy	8	32.50%	N/A	N/A	N/A
ZK	ZEEKR INTELLIGENT TECHNOLOGY HOLDING LTD	$3.98B	$16.29	$30.80	89.07%	Strong Buy	3	39.12%	N/A	-53.80%	15.44%
LVWR	LIVEWIRE GROUP INC	$1.15B	$5.66	$7.25	28.09%	Hold	1	N/A	N/A	N/A	N/A
GOEV	CANOO INC	$95.80M	$1.23	$7.25	489.43%	Strong Buy	4	653.60%	N/A	-56.34%	-20.36%
ECDA	ECD AUTOMOTIVE DESIGN INC	$37.77M	$1.09	N/A	N/A	N/A	N/A	46.30%	N/A	-2.87%	1.59%
EVTV	ENVIROTECH VEHICLES INC	$26.68M	$1.70	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
VLCN	VOLCON INC	$6.06M	$1.30	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
GP	GREENPOWER MOTOR CO INC	$26.23M	$0.99	$1.65	66.67%	Strong Buy	1	19.07%	N/A	-231.03%	-45.71%
AYRO	AYRO INC	$5.45M	$0.79	N/A	N/A	N/A	N/A	N/A	N/A	-284.65%	-81.17%
NIU	NIU TECHNOLOGIES	$141.90M	$1.79	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AIEV	THUNDER POWER HOLDINGS INC	$33.24M	$0.47	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CENN	CENNTRO INC	$35.45M	$1.15	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
MULN	MULLEN AUTOMOTIVE INC	$5.66M	$0.14	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
VFS	VINFAST AUTO LTD	$9.19B	$3.93	$8.67	120.53%	Strong Buy	3	98.67%	N/A	N/A	-31.01%
NWTN	NWTN INC	$282.18M	$0.99	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FFIE	FARADAY FUTURE INTELLIGENT ELECTRIC INC	$51.87M	$4.19	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
VEV	VICINITY MOTOR CORP	$5.80M	$0.13	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PSNY	POLESTAR AUTOMOTIVE HOLDING UK PLC	$3.37B	$1.58	$1.64	3.80%	Hold	7	35.28%	N/A	N/A	-18.94%
SVMH	SRIVARU HOLDING LTD	$3.96M	$0.11	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LOT	LOTUS TECHNOLOGY INC	$3.36B	$4.97	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CJET	CHIJET MOTOR COMPANY INC	$15.27M	$2.85	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PEV	PHOENIX MOTOR INC	$14.57M	$0.42	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ZAPP	ZAPP ELECTRIC VEHICLES GROUP LTD	$10.20M	$3.26	N/A	N/A	N/A	N/A	N/A	N/A	-5.99%	35.97%

Auto Stocks FAQ

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

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

1. Li Auto (NASDAQ:LI)

Li Auto (NASDAQ:LI) is the top auto stock with a Zen Score of 56, which is 32 points higher than the auto industry average of 24. It passed 19 out of 33 due diligence checks and has strong fundamentals. Li Auto has seen its stock lose -50.46% over the past year, overperforming other auto stocks by 42 percentage points.

Li Auto has an average 1 year price target of $38.90, an upside of 98.47% from Li Auto's current stock price of $19.60.

Li Auto stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Li Auto, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Blue Bird (NASDAQ:BLBD)

Blue Bird (NASDAQ:BLBD) 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. Blue Bird has seen its stock return 105.41% over the past year, overperforming other auto stocks by 198 percentage points.

Blue Bird has an average 1 year price target of $61.17, an upside of 35.48% from Blue Bird's current stock price of $45.15.

Blue Bird stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Blue Bird, 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.

3. Ford Motor Co (NYSE:F)

Ford Motor Co (NYSE:F) is the third best auto stock with a Zen Score of 49, which is 25 points higher than the auto industry average of 24. It passed 17 out of 38 due diligence checks and has strong fundamentals. Ford Motor Co has seen its stock lose -15.55% over the past year, overperforming other auto stocks by 77 percentage points.

Ford Motor Co has an average 1 year price target of $13.13, an upside of 27.18% from Ford Motor Co's current stock price of $10.32.

Ford Motor Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Ford Motor Co, 25% have issued a Strong Buy rating, 12.5% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 12.5% 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 10.91%, which is 6 percentage points higher than the auto industry average of 4.93%. 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 34.6% 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 7.56%, which is 3 percentage points higher than the auto industry average of 4.93%. Ford Motor Co's dividend payout is not stable, having dropped more than 10% six 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 65.6% 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 0.74%, which is -4 percentage points lower than the auto industry average of 4.93%. 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 3.3% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks down?

Auto stocks were down -0.06% in the last day, and down -2.22% over the last week. General Motors Co was the among the top losers in the auto manufacturers industry, dropping -5.44% yesterday.

General Motors shares are trading lower. Wells Fargo maintained an Underweight rating on the stock and lowered its price target from $34 to $33.

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 51 points higher than the auto industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has dropped -15.55% in the past year. It has overperformed other stocks in the auto industry by 77 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 57, which is 37 points higher than the auto industry average of 20. It passed 4 out of 7 valuation due diligence checks.

General Motors Co's stock has gained 37.4% in the past year. It has overperformed other stocks in the auto industry by 130 percentage points.

3. Stellantis Nv (NYSE:STLA)

Stellantis Nv (NYSE:STLA) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Stellantis Nv has a valuation score of 57, which is 37 points higher than the auto industry average of 20. It passed 4 out of 7 valuation due diligence checks.

Stellantis Nv's stock has dropped -18.99% in the past year. It has overperformed other stocks in the auto industry by 74 percentage points.

Are auto stocks a good buy now?

38.89% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 10.37% 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 38.08x.

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.