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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
TSLA
TESLA INC
$643.46B$202.04$232.2714.96%Hold2618.44%14.77%N/AN/A
LI
LI AUTO INC
$44.83B$45.29$48.507.09%Strong Buy250.44%-44.90%N/AN/A
STLA
STELLANTIS NV
$79.15B$26.18$26.400.84%Buy10.53%-52.51%N/AN/A
F
FORD MOTOR CO
$49.23B$12.30$13.197.20%Buy7-2.18%55.92%N/AN/A
SOLO
ELECTRAMECCANICA VEHICLES CORP
$30.66M$0.26$0.4055.64%Hold113,814.54%N/A62.51%50.17%
BLBD
BLUE BIRD CORP
$1.05B$32.67$36.0010.19%Strong Buy33.95%-3.16%112.47%19.71%
WKHS
WORKHORSE GROUP INC
$87.41M$0.34$1.00198.51%Hold11,228.71%N/A60.16%46.37%
NIU
NIU TECHNOLOGIES
$141.45M$1.80N/AN/AN/AN/A106.56%N/A241.15%113.56%
LCID
LUCID GROUP INC
$7.43B$3.23$4.5641.27%Hold8116.81%N/AN/AN/A
HYZN
HYZON MOTORS INC
$149.21M$0.61N/AN/AN/AN/A2,644.60%N/A374.74%272.77%
RACE
FERRARI NV
$104.46B$428.56$391.00-8.76%Strong Buy39.24%-11.04%N/AN/A
GM
GENERAL MOTORS CO
$46.90B$40.63$49.8822.76%Strong Buy141.68%-15.06%N/AN/A
TM
TOYOTA MOTOR CORP
$320.01B$237.29N/AN/AN/AN/A-0.54%-3.21%N/AN/A
HMC
HONDA MOTOR CO LTD
$57.33B$35.37N/AN/AN/AN/A5.69%3.03%N/AN/A
RIVN
RIVIAN AUTOMOTIVE INC
$11.05B$11.30$17.9458.80%Buy1837.52%N/AN/AN/A
FSR
FISKER INC
$256.96M$0.73$2.82284.86%Hold7519.57%N/AN/AN/A
GP
GREENPOWER MOTOR CO INC
$53.20M$2.13$6.50205.16%Strong Buy253.91%N/A179.86%64.73%
XPEV
XPENG INC
$7.55B$8.73$17.2097.02%Buy299.37%N/AN/AN/A
EVTV
ENVIROTECH VEHICLES INC
$42.30M$2.80N/AN/AN/AN/AN/AN/AN/AN/A
LVWR
LIVEWIRE GROUP INC
$1.90B$9.34$9.00-3.64%Hold1N/AN/AN/AN/A
MULN
MULLEN AUTOMOTIVE INC
$46.59M$7.11N/AN/AN/AN/AN/AN/AN/AN/A
NIO
NIO INC
$9.42B$5.43$11.80117.31%Buy548.77%N/AN/AN/A
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
$3.91B$1.83$3.67100.38%Buy382.13%N/AN/AN/A
CJET
CHIJET MOTOR COMPANY INC
$61.07M$0.38N/AN/AN/AN/AN/AN/AN/AN/A
AYRO
AYRO INC
$8.26M$1.69N/AN/AN/AN/AN/AN/AN/AN/A
CENN
CENNTRO INC
$41.41M$1.36N/AN/AN/AN/AN/AN/AN/AN/A
VFS
VINFAST AUTO LTD
$13.70B$5.86$11.0087.71%Strong Buy4163.82%N/AN/AN/A
GOEV
CANOO INC
$76.26M$0.11$2.582,360.00%Strong Buy31,295.92%N/AN/AN/A
NWTN
NWTN INC
$1.43B$5.00N/AN/AN/AN/AN/AN/AN/AN/A
VEV
VICINITY MOTOR CORP
$33.34M$0.73N/AN/AN/AN/AN/AN/AN/AN/A
LOT
LOTUS TECHNOLOGY INC
$6.65B$9.87N/AN/AN/AN/AN/AN/AN/AN/A
PEV
PHOENIX MOTOR INC
$21.93M$1.03N/AN/AN/AN/AN/AN/AN/AN/A
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
$3.62M$0.06N/AN/AN/AN/AN/AN/AN/AN/A
ECDA
ECD AUTOMOTIVE DESIGN INC
$5.73M$0.87$9.00940.46%Strong Buy1N/AN/AN/AN/A
EGOX
NEXTEGO NV
$12.12M$0.13N/AN/AN/AN/AN/AN/AN/AN/A
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
$15.05M$0.26N/AN/AN/AN/AN/AN/AN/AN/A
SVMH
SRIVARU HOLDING LTD
$4.23M$0.20N/AN/AN/AN/AN/AN/AN/AN/A
VLCN
VOLCON INC
$183.36k$1.21N/AN/AN/AN/AN/AN/AN/AN/A

Auto Stocks FAQ

What are the best auto stocks to buy right now in Feb 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 54, which is 30 points higher than the auto industry average of 24. It passed 18 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -1.78% over the past year, overperforming other auto stocks by 81 percentage points.

Tesla has an average 1 year price target of $232.27, an upside of 14.96% from Tesla's current stock price of $202.04.

Tesla stock has a consensus Hold recommendation according to Wall Street analysts. Of the 26 analysts covering Tesla, 19.23% have issued a Strong Buy rating, 15.38% have issued a Buy, 50% have issued a hold, while 3.85% have issued a Sell rating, and 11.54% 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 91.83% over the past year, overperforming other auto stocks by 174 percentage points.

Li Auto has an average 1 year price target of $48.50, an upside of 7.09% from Li Auto's current stock price of $45.29.

Li Auto stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Li Auto, 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.

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 49.43% over the past year, overperforming other auto stocks by 132 percentage points.

Stellantis Nv has an average 1 year price target of $26.40, an upside of 0.84% from Stellantis Nv's current stock price of $26.18.

Stellantis Nv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Stellantis Nv, 0% have issued a Strong Buy rating, 100% 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 6.34%, which is 3 percentage points higher than the auto industry average of 3.34%. 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 5.68%, which is 2 percentage points higher than the auto industry average of 3.34%. 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 0.89%, which is -2 percentage points lower than the auto industry average of 3.34%. 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 up?

Auto stocks were up 0.53% in the last day, and up 4.68% over the last week. Polestar Automotive Holding Uk was the among the top gainers in the auto manufacturers industry, gaining 22.82% yesterday.

Polestar shares are trading higher after the company announced Nanjing Jiangning Economic and Technological Development Zone Industrial Equity Investment Partnership will purchase shares in its joint venture for approximately $208.4 million.

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 53 points higher than the auto industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has gained 1.91% in the past year. It has overperformed other stocks in the auto industry by 84 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 25 points higher than the auto industry average of 18. It passed 3 out of 7 valuation due diligence checks.

General Motors Co's stock has gained 4.88% in the past year. It has overperformed other stocks in the auto industry by 87 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 43, which is 25 points higher than the auto industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Niu Technologies's stock has dropped -57.14% in the past year. It has overperformed other stocks in the auto industry by 25 percentage points.

Are auto stocks a good buy now?

40% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 6.79% 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 27.95x.
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.