Sectors & Industries Consumer CyclicalAuto Manufacturers
Best Auto Stocks to Buy Now (2023)
Top auto stocks in 2023 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
TSLA	TESLA INC	$601.12B	$189.98	$343.41	80.76%	Buy	29	33.96%	15.74%	44.10%	23.94%
SOLO	ELECTRAMECCANICA VEHICLES CORP	$128.40M	$1.08	$8.47	683.89%	Strong Buy	3	740.58%	N/A	28.50%	25.31%
STLA	STELLANTIS NV	$51.34B	$16.33	N/A	N/A	Strong Buy	3	7.82%	-5.37%	24.82%	8.88%
NIU	NIU TECHNOLOGIES	$404.62M	$5.21	$35.00	571.79%	Strong Buy	1	60.45%	346.58%	212.71%	99.44%
TM	TOYOTA MOTOR CORP	$198.07B	$144.71	$179.41	23.98%	Hold	2	10.98%	20.85%	145.17%	54.64%
HYZN	HYZON MOTORS INC	$552.82M	$2.23	$4.50	101.79%	Hold	5	970.91%	N/A	183.74%	130.80%
LCID	LUCID GROUP INC	$19.53B	$11.62	$18.00	54.91%	Buy	8	510.31%	N/A	-32.76%	-15.37%
RIVN	RIVIAN AUTOMOTIVE INC	$18.33B	$19.90	$44.85	125.36%	Buy	15	221.02%	N/A	-30.08%	-24.25%
RACE	FERRARI NV	$64.28B	$260.04	$286.67	10.24%	Strong Buy	4	13.49%	16.31%	69.38%	21.85%
HMC	HONDA MOTOR CO LTD	$42.01B	$24.60	$31.51	28.09%	Strong Buy	1	10.48%	18.69%	8.33%	3.75%
LI	LI AUTO INC	$24.45B	$25.08	$39.08	55.81%	Strong Buy	6	181.82%	N/A	34.05%	18.85%
GP	GREENPOWER MOTOR CO INC	$89.13M	$3.85	$9.00	133.77%	Strong Buy	3	92.56%	N/A	103.32%	48.78%
AYRO	AYRO INC	$27.80M	$0.75	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PTRA	PROTERRA INC	$1.26B	$5.58	$7.21	29.28%	Buy	7	72.11%	N/A	-5.75%	-3.82%
GM	GENERAL MOTORS CO	$57.36B	$41.13	$50.54	22.87%	Buy	14	3.64%	2.41%	15.04%	3.86%
NKLA	NIKOLA CORP	$1.32B	$2.75	$7.33	166.65%	Buy	3	506.71%	N/A	-101.03%	-49.15%
F	FORD MOTOR CO	$53.19B	$13.23	$15.62	18.03%	Hold	13	-3.76%	N/A	17.39%	2.94%
BLBD	BLUE BIRD CORP	$478.77M	$14.95	$21.00	40.47%	Strong Buy	2	25.70%	N/A	6,117.64%	23.09%
ARVL	ARRIVAL	$255.83M	$0.39	$5.75	1,378.15%	Strong Buy	2	N/A	N/A	N/A	N/A
FSR	FISKER INC	$2.44B	$7.83	$13.67	74.55%	Hold	9	21,440.70%	N/A	50.16%	20.98%
XPEV	XPENG INC	$9.02B	$10.50	$17.92	70.62%	Hold	13	73.58%	N/A	N/A	N/A
WKHS	WORKHORSE GROUP INC	$387.28M	$2.36	$3.50	48.31%	Hold	1	N/A	N/A	32.50%	21.13%
RIDE	LORDSTOWN MOTORS CORP	$318.96M	$1.47	$1.00	-31.97%	Strong Sell	2	N/A	N/A	-63.13%	-51.96%
NIO	NIO INC	$18.93B	$11.19	$22.00	96.57%	Strong Buy	11	52.02%	N/A	N/A	N/A
CENN	CENNTRO ELECTRIC GROUP LTD	$209.01M	$0.80	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
PEV	PHOENIX MOTOR INC	$23.82M	$1.18	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SEV	SONO GROUP NV	$97.03M	$0.98	$6.20	532.65%	Strong Buy	5	N/A	N/A	98.11%	27.17%
FFIE	FARADAY FUTURE INTELLIGENT ELECTRIC INC	$486.28M	$1.08	$10.00	825.93%	Hold	2	N/A	N/A	-181.78%	-96.60%
GOEV	CANOO INC	$405.63M	$1.25	$5.83	366.64%	Buy	3	N/A	N/A	N/A	N/A
VEV	VICINITY MOTOR CORP	$33.96M	$0.90	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
VLCN	VOLCON INC	$41.68M	$1.71	$6.00	250.88%	Strong Buy	1	N/A	N/A	-408.58%	-112.57%
NWTN	NWTN INC	$3.38B	$11.51	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
AMV	ATLIS MOTOR VEHICLES INC	$119.32M	$3.15	$15.00	376.19%	Strong Buy	1	N/A	N/A	N/A	N/A

Auto Stocks FAQ

What are the best auto stocks to buy right now in Feb 2023?

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 56, which is 29 points higher than the auto industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -36.04% over the past year, underperforming other auto stocks by -10 percentage points.

Tesla has an average 1 year price target of $343.41, an upside of 80.76% from Tesla's current stock price of $189.98.

Tesla stock has a consensus Buy recommendation according to Wall Street analysts. Of the 29 analysts covering Tesla, 37.93% have issued a Strong Buy rating, 27.59% have issued a Buy, 24.14% have issued a hold, while 0% have issued a Sell rating, and 10.34% have issued a Strong Sell.

2. Electrameccanica Vehicles (NASDAQ:SOLO)

Electrameccanica Vehicles (NASDAQ:SOLO) is the second best auto stock with a Zen Score of 47, which is 20 points higher than the auto industry average of 27. It passed 15 out of 33 due diligence checks and has strong fundamentals. Electrameccanica Vehicles has seen its stock lose -46.53% over the past year, underperforming other auto stocks by -20 percentage points.

Electrameccanica Vehicles has an average 1 year price target of $8.47, an upside of 683.89% from Electrameccanica Vehicles's current stock price of $1.08.

Electrameccanica Vehicles stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Electrameccanica Vehicles, 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 46, which is 19 points higher than the auto industry average of 27. It passed 16 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock lose -17.02% over the past year, overperforming other auto stocks by 9 percentage points.

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, 0% have issued a Buy, 33.33% 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 6.87%, which is 4 percentage points higher than the auto industry average of 2.72%.

Stellantis Nv's dividend payout ratio of 22.8% 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 3.02%, which is the same as the auto industry average of 2.72%. Ford Motor Co's dividend payout is not stable, having dropped more than 10% four 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 -81.6% indicates that its dividend yield might not be sustainable for the long-term.

3. Ferrari Nv (NYSE:RACE)

Ferrari Nv (NYSE:RACE) has an annual dividend yield of 0.57%, which is -2 percentage points lower than the auto industry average of 2.72%. Ferrari Nv's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Ferrari Nv's dividend has shown consistent growth over the last 10 years.

Ferrari Nv's dividend payout ratio of 29.6% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks down?

Auto stocks were down -1.64% in the last day, and up 2.13% over the last week. Ford Motor Co was the among the top losers in the auto manufacturers industry, dropping -7.61% yesterday.

Ford Motor shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results.

What are the most undervalued auto stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued auto stocks right now are:

1. Honda Motor Co (NYSE:HMC)

Honda Motor Co (NYSE:HMC) is the most undervalued auto stock based on WallStreetZen's Valuation Score. Honda Motor Co has a valuation score of 71, which is 45 points higher than the auto industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Honda Motor Co's stock has dropped -17.59% in the past year. It has overperformed other stocks in the auto industry by 9 percentage points.

2. Toyota Motor (NYSE:TM)

Toyota Motor (NYSE:TM) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. Toyota Motor has a valuation score of 71, which is 45 points higher than the auto industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Toyota Motor's stock has dropped -27.47% in the past year. It has underperformed other stocks in the auto industry by -1 percentage points.

3. General Motors Co (NYSE:GM)

General Motors Co (NYSE:GM) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. General Motors Co has a valuation score of 57, which is 31 points higher than the auto industry average of 26. It passed 4 out of 7 valuation due diligence checks.

General Motors Co's stock has dropped -22.56% in the past year. It has overperformed other stocks in the auto industry by 4 percentage points.

Are auto stocks a good buy now?

46.43% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 49.67% 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 26.19x.

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.