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Sectors & IndustriesConsumer 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
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
TSLA
TESLA INC
$775.15B$95.92B$16.34B$10.76B$3.4128.13%40.50%-6.06%N/A2024-01-23
STLA
STELLANTIS NV
$70.42B$213.44B$34.58B$22.20B$7.0720.33%10.57%34.84%20.87%
LI
LI AUTO INC
$34.38B$13.63BN/A$861.06M$0.87158.27%N/AN/AN/A
F
FORD MOTOR CO
$44.07B$174.23B$15.96B$6.16B$1.5414.82%1.73%-31.56%-0.64%2024-01-31
SOLO
ELECTRAMECCANICA VEHICLES CORP
$46.40M$3.40M-$104.61M-$108.00M-$0.90-38.64%44.26%N/AN/A
RIVN
RIVIAN AUTOMOTIVE INC
$18.23B$3.78B-$4.59B-$5.63B-$6.03260.53%N/AN/AN/A
WKHS
WORKHORSE GROUP INC
$107.50M$12.14M-$115.38M-$117.32M-$0.65N/A15.55%N/AN/A
LCID
LUCID GROUP INC
$10.83B$695.83M-$2.38B-$2.65B-$1.3984.64%N/AN/AN/A
HYZN
HYZON MOTORS INC
$241.57M$787.00k-$174.99M-$177.42M-$0.72-71.59%N/AN/AN/A
NIU
NIU TECHNOLOGIES
$169.74M$380.51MN/A-$24.43M-$0.31-22.13%15.63%N/AN/A
RACE
FERRARI NV
$89.96B$6.12B$2.30B$1.24B$6.8426.26%9.52%36.66%9.23%2024-02-01
TM
TOYOTA MOTOR CORP
$253.09B$279.53B$50.25B$26.11B$19.2520.51%0.82%53.79%3.33%2024-02-07
GM
GENERAL MOTORS CO
$46.22B$171.97B$24.49B$9.93B$7.1516.82%3.28%20.57%61.05%2024-01-29
BLBD
BLUE BIRD CORP
$693.72M$1.09B$12.38M-$17.90M-$0.5847.93%1.57%N/AN/A2023-12-11
GP
GREENPOWER MOTOR CO INC
$74.73M$54.14M-$11.01M-$14.33M-$0.58155.18%N/AN/AN/A
HMC
HONDA MOTOR CO LTD
$55.16B$121.82B$12.88B$6.14B$3.7015.15%-2.53%42.62%-7.96%2024-02-09
FSR
FISKER INC
$574.91M$73.13M-$371.54M-$468.49M-$1.4594,872.73%N/AN/AN/A
MULN
MULLEN AUTOMOTIVE INC
$27.26M$308.00k-$1.40B-$1.44B-$538.09N/A-65.48%N/AN/A2024-01-11
EVTV
ENVIROTECH VEHICLES INC
$19.34M$4.64M-$47.74M-$47.88M-$3.1940.48%1.74%N/AN/A
CENN
CENNTRO ELECTRIC GROUP LTD
$41.10MN/AN/AN/AN/AN/AN/AN/AN/A
AYRO
AYRO INC
$10.76M$949.93k-$29.51M-$32.38M-$6.91-70.27%-31.81%N/AN/A
XPEV
XPENG INC
$13.10B$3.11BN/A-$1.56B-$1.81-25.52%N/AN/AN/A
LVWR
LIVEWIRE GROUP INC
$2.22B$32.15M-$103.04M-$98.21MN/A-36.32%N/AN/AN/A
NIO
NIO INC
$12.81B$7.67BN/A-$3.01B-$1.8025.40%102.36%N/AN/A
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
$4.85B$2.83B-$445.74M-$730.85M-$0.2336.94%N/AN/AN/A
NWTN
NWTN INC
$2.42B$0.00-$39.58M-$40.72M-$0.17N/AN/AN/AN/A
GOEV
CANOO INC
$180.12M$519.00k-$330.48M-$353.81M-$0.73N/AN/AN/AN/A
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
$17.00M$551.00k-$515.48M-$535.52M-$58.98N/AN/AN/AN/A
PEV
PHOENIX MOTOR INC
$29.17M$4.98M-$10.56M-$13.19M-$0.6228.43%N/AN/AN/A
CJET
CHIJET MOTOR COMPANY INC
$128.73M$17.58M-$29.82M-$116.73M-$0.5780.25%N/AN/AN/A
VLCN
VOLCON INC
$729.66k$2.93M-$42.58M-$49.45M-$9.19-29.74%N/AN/AN/A
VEV
VICINITY MOTOR CORP
$37.90M$11.59M-$4.45M-$8.23M-$0.18-16.69%N/AN/AN/A
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
$11.71M$3.94k-$3.03M-$3.58M-$0.05N/AN/AN/AN/A
EGOX
NEXTEGO NV
$51.47MN/AN/AN/AN/AN/AN/AN/AN/A
VFS
VINFAST AUTO LTD
$15.98BN/AN/AN/AN/AN/AN/AN/AN/A

Auto Stocks FAQ

What are the best auto stocks to buy right now in Dec 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 59, which is 32 points higher than the auto industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock return 40.59% over the past year, overperforming other auto stocks by 23 percentage points.

Tesla has an average 1 year price target of $245.54, an upside of 0.7% from Tesla's current stock price of $243.84.

Tesla stock has a consensus Hold recommendation according to Wall Street analysts. Of the 24 analysts covering Tesla, 20.83% have issued a Strong Buy rating, 16.67% have issued a Buy, 41.67% have issued a hold, while 8.33% have issued a Sell rating, and 12.5% have issued a Strong Sell.

2. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) is the second best auto stock with a Zen Score of 52, which is 25 points higher than the auto industry average of 27. It passed 18 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock return 52.29% over the past year, overperforming other auto stocks by 34 percentage points.

Stellantis Nv has an average 1 year price target of $25.85, an upside of 14.38% from Stellantis Nv's current stock price of $22.60.

Stellantis Nv stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Stellantis Nv, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Li Auto (NASDAQ:LI)


Li Auto (NASDAQ:LI) is the third best auto stock with a Zen Score of 48, which is 21 points higher than the auto industry average of 27. It passed 16 out of 33 due diligence checks and has strong fundamentals. Li Auto has seen its stock return 44.69% over the past year, overperforming other auto stocks by 27 percentage points.

Li Auto has an average 1 year price target of $54.00, an upside of 54.86% from Li Auto's current stock price of $34.87.

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.

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 11.35%, which is 6 percentage points higher than the auto industry average of 4.89%. 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 81.2% indicates that its high dividend yield is sustainable for the long-term.

2. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) has an annual dividend yield of 6.58%, which is 2 percentage points higher than the auto industry average of 4.89%. 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 21% 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 1.07%, which is -4 percentage points lower than the auto industry average of 4.89%. 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 5% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks up?

Auto stocks were up 0.21% in the last day, and up 1.12% over the last week.

We couldn't find a catalyst for why auto stocks are up.

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 47 points higher than the auto industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has dropped -16.08% in the past year. It has underperformed other stocks in the auto industry by -34 percentage points.

2. Hyzon Motors (NASDAQ:HYZN)


Hyzon Motors (NASDAQ:HYZN) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. Hyzon Motors has a valuation score of 43, which is 19 points higher than the auto industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Hyzon Motors's stock has dropped -39.51% in the past year. It has underperformed other stocks in the auto industry by -57 percentage points.

3. Cenntro Electric Group (NASDAQ:CENN)


Cenntro Electric Group (NASDAQ:CENN) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Cenntro Electric Group has a valuation score of 43, which is 19 points higher than the auto industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Cenntro Electric Group's stock has dropped -73.33% in the past year. It has underperformed other stocks in the auto industry by -91 percentage points.

Are auto stocks a good buy now?

36.84% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 6.25% 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 44.68x.
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.