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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
LI
LI AUTO INC
$22.28B$18.08BN/A$1.57B$1.59128.77%N/AN/AN/A2024-08-06
F
FORD MOTOR CO
$56.01B$177.49B$12.29B$3.92B$0.987.54%2.26%36.11%4.40%2024-07-24
STLA
STELLANTIS NV
$61.40B$203.81B$32.15B$20.00B$6.4310.23%10.66%16.75%20.24%2024-07-25
TSLA
TESLA INC
$791.65B$94.75B$13.83B$13.61B$4.3010.12%33.20%14.36%N/A2024-07-17
BLBD
BLUE BIRD CORP
$1.60B$1.26B$138.63M$80.15M$2.4926.17%4.49%N/A13.36%2024-08-07
RACE
FERRARI NV
$106.07B$6.59B$2.52B$1.41B$7.7914.75%10.67%33.10%9.85%2024-08-01
TM
TOYOTA MOTOR CORP
$279.71B$285.78B$57.22B$31.34B$23.196.14%1.63%78.31%15.36%2024-08-01
GM
GENERAL MOTORS CO
$55.92B$174.87B$24.38B$10.62B$8.228.79%3.70%26.27%5.23%2024-07-23
HMC
HONDA MOTOR CO LTD
$52.41B$129.46B$15.34B$7.02B$4.295.66%-1.35%54.29%7.31%2024-08-07
RIVN
RIVIAN AUTOMOTIVE INC
$18.03B$4.98B-$4.24B-$5.53B-$5.78123.79%N/AN/AN/A2024-08-06
NIU
NIU TECHNOLOGIES
$176.64M$378.87MN/A-$36.83M-$0.47-13.18%8.95%N/AN/A2024-08-12
LOBO
LOBO EV TECHNOLOGIES LTD
$22.10M$15.47M$2.23M$969.60k$0.15-15.43%N/A-11.76%N/A
LCID
LUCID GROUP INC
$9.81B$618.58M-$2.42B-$2.73B-$1.26-11.62%N/AN/AN/A2024-08-05
WKHS
WORKHORSE GROUP INC
$32.27M$12.74M-$106.59M-$128.08M-$11.0090.10%86.34%N/AN/A2024-08-06
XPEV
XPENG INC
$7.61B$4.59BN/A-$1.30B-$1.4835.15%N/AN/AN/A2024-08-16
FLYE
FLY-E GROUP INC
$159.57M$32.21M$5.78M$1.90M$0.0947.90%N/A50.00%N/A
GP
GREENPOWER MOTOR CO INC
$31.49M$39.27M-$14.93M-$18.34M-$0.74-1.07%45.21%N/AN/A2024-08-12
GGR
GOGORO INC
$375.15M$330.63M$59.87M-$48.55M-$0.20-6.22%N/AN/AN/A2024-08-08
NIO
NIO INC
$9.96B$7.59BN/A-$2.99B-$1.684.60%50.63%N/AN/A2024-08-27
CENN
CENNTRO INC
$52.72M$22.00M-$46.86M-$52.47MN/A107.92%69.39%N/AN/A
GOEV
CANOO INC
$172.79M$886.00k-$295.04M-$323.44M$2.10N/AN/A-57.40%N/A2024-08-12
ECDA
ECD AUTOMOTIVE DESIGN INC
$36.80M$18.90M-$877.31k-$3.14M-$4.58k66.92%N/AN/AN/A
MULN
MULLEN AUTOMOTIVE INC
$23.74M$399.34k-$666.83M-$674.98M$2.82kN/A-63.87%N/AN/A2024-08-12
EVTV
ENVIROTECH VEHICLES INC
$29.96M$3.15M-$14.76M-$14.95M-$0.98-36.21%-8.70%N/AN/A
LVWR
LIVEWIRE GROUP INC
$1.61B$35.24M-$101.79M-$112.05M-$0.55-20.26%N/AN/AN/A
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
$2.16B$2.38B-$852.99M-$1.17BN/A-2.75%N/AN/AN/A
VFS
VINFAST AUTO LTD
$11.34B$1.34BN/A-$2.29B-$0.99144.51%N/AN/AN/A
VLCN
VOLCON INC
$926.15k$3.12M-$59.63M-$63.82M-$17.10k-31.08%N/AN/AN/A
NWTN
NWTN INC
$300.50M$583.00kN/A-$100.31M-$0.38N/AN/AN/AN/A
AYRO
AYRO INC
$4.74M$444.18k-$30.93M-$40.75M-$8.45-78.61%N/AN/AN/A2024-08-12
VEV
VICINITY MOTOR CORP
$32.56M$21.63M-$7.48M-$13.08M-$0.2967.60%N/AN/AN/A2024-08-12
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
$185.66M$784.00k-$383.13M-$431.74M-$44.81N/AN/AN/AN/A2024-08-19
ZK
ZEEKR INTELLIGENT TECHNOLOGY HOLDING LTD
$4.77BN/AN/AN/AN/AN/AN/AN/AN/A
PEV
PHOENIX MOTOR INC
$15.96M$3.12M-$18.01M-$20.65M-$0.97-27.90%N/AN/AN/A
LOT
LOTUS TECHNOLOGY INC
$4.56BN/AN/AN/AN/AN/AN/AN/AN/A
CJET
CHIJET MOTOR COMPANY INC
$28.71M$9.48M-$18.67M-$68.11M-$12.90-36.62%N/AN/AN/A
SVMH
SRIVARU HOLDING LTD
$4.58M$112.41k-$509.54k-$674.95k-$0.04N/AN/AN/AN/A
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
$36.00MN/AN/AN/AN/AN/AN/AN/AN/A
AIEV
THUNDER POWER HOLDINGS INC
$6.39M$0.00$1.67M$707.31k-$0.31N/AN/AN/AN/A

Auto Stocks FAQ

What are the best auto stocks to buy right now in Jul 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 -44.25% over the past year, overperforming other auto stocks by 49 percentage points.

Li Auto has an average 1 year price target of $40.08, an upside of 88.36% from Li Auto's current stock price of $21.28.

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.

2. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) is the second best auto stock with a Zen Score of 54, which is 30 points higher than the auto industry average of 24. It passed 19 out of 38 due diligence checks and has strong fundamentals. Ford Motor Co has seen its stock lose -7.82% over the past year, overperforming other auto stocks by 85 percentage points.

Ford Motor Co has an average 1 year price target of $14.25, an upside of 1.57% from Ford Motor Co's current stock price of $14.03.

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, 12.5% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 12.5% 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 52, which is 28 points higher than the auto industry average of 24. It passed 18 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock return 9.9% over the past year, overperforming other auto stocks by 103 percentage points.

Stellantis Nv has an average 1 year price target of $30.97, an upside of 52.47% from Stellantis Nv's current stock price of $20.31.

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 3 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 8.13%, which is 4 percentage points higher than the auto industry average of 3.72%. 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 5.56%, which is 2 percentage points higher than the auto industry average of 3.72%. 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 64.3% indicates that its high dividend yield is sustainable for the long-term.

3. Ferrari Nv (NYSE:RACE)


Ferrari Nv (NYSE:RACE) has an annual dividend yield of 0.56%, which is -3 percentage points lower than the auto industry average of 3.72%. 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 31.4% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks up?

Auto stocks were up 2.15% in the last day, and up 2.91% over the last week. Vicinity Motor was the among the top gainers in the auto manufacturers industry, gaining 122.12% yesterday.

Vicinity Motor shares are trading higher after the company announced CARB certification for the VMC 1200 class 3 electric truck.

What are the most undervalued auto stocks?

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

1. General Motors Co (NYSE:GM)


General Motors Co (NYSE:GM) is the most undervalued auto stock based on WallStreetZen's Valuation Score. General Motors Co has a valuation score of 71, which is 54 points higher than the auto industry average of 17. It passed 5 out of 7 valuation due diligence checks.

General Motors Co's stock has gained 21.28% in the past year. It has overperformed other stocks in the auto industry by 114 percentage points.

2. Ford Motor Co (NYSE:F)


Ford Motor Co (NYSE:F) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. Ford Motor Co has a valuation score of 71, which is 54 points higher than the auto industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has dropped -7.82% in the past year. It has overperformed other stocks in the auto industry by 85 percentage points.

3. Canoo (NASDAQ:GOEV)


Canoo (NASDAQ:GOEV) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Canoo has a valuation score of 43, which is 26 points higher than the auto industry average of 17. It passed 3 out of 7 valuation due diligence checks.

Canoo's stock has dropped -80.06% in the past year. It has overperformed other stocks in the auto industry by 13 percentage points.

Are auto stocks a good buy now?

52.63% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 6.26% 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 37.34x.
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.