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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
LI
LI AUTO INC
China
$19.69B2,094,220,3304.64%0.00%
F
FORD MOTOR CO
United States
$46.75B3,992,337,15754.72%2.25%Net SellingNet Selling
STLA
STELLANTIS NV
United Kingdom
$61.10B3,023,168,32131.87%0.00%
BLBD
BLUE BIRD CORP
United States
$1.80B32,299,06564.73%35.27%Net Selling
TSLA
TESLA INC
United States
$567.71B3,189,196,16742.81%13.90%Net BuyingNet Buying
RACE
FERRARI NV
Italy
$99.93B243,750,96222.58%0.00%
GM
GENERAL MOTORS CO
United States
$53.36B1,140,958,03985.22%14.78%Net SellingNet Selling
HMC
HONDA MOTOR CO LTD
Japan
$51.52B4,828,907,3761.48%0.00%
TM
TOYOTA MOTOR CORP
Japan
$265.62B13,474,172,0270.16%0.00%
RIVN
RIVIAN AUTOMOTIVE INC
United States
$10.83B995,320,23260.91%36.61%Net SellingNet Selling
NIU
NIU TECHNOLOGIES
China
$141.94M157,713,6994.43%0.00%
LOBO
LOBO EV TECHNOLOGIES LTD
China
$17.58M7,780,0000.22%0.00%
WKHS
WORKHORSE GROUP INC
United States
$56.28M375,229,16214.42%19.06%Net BuyingNet Selling
LCID
LUCID GROUP INC
United States
$5.81B2,307,150,08540.43%59.57%Net BuyingNet Selling
XPEV
XPENG INC
Ghana
$6.19B1,722,080,4536.38%0.00%
GP
GREENPOWER MOTOR CO INC
Canada
$28.47M24,976,8761.73%9.52%
ECDA
ECD AUTOMOTIVE DESIGN INC
United States
$30.94M31,899,6322.22%97.78%Net Buying
GGR
GOGORO INC
Taiwan
$342.12M235,942,0008.69%0.00%
CENN
CENNTRO INC
United States
$53.03M30,828,7950.60%99.40%
NIO
NIO INC
China
$8.85B2,044,151,46516.10%0.00%
GOEV
CANOO INC
United States
$123.42M68,567,4956.24%93.76%Net Buying
EVTV
ENVIROTECH VEHICLES INC
United States
$21.38M16,196,4623.07%96.93%
MULN
MULLEN AUTOMOTIVE INC
United States
$30.36M11,412,5960.50%99.50%Net BuyingNet Selling
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
Sweden
$1.45B2,134,942,4630.96%0.00%
LVWR
LIVEWIRE GROUP INC
United States
$1.41B203,162,5650.86%2.09%Net SellingNet Selling
VFS
VINFAST AUTO LTD
Singapore
$10.12B2,337,865,1640.16%0.00%
VLCN
VOLCON INC
United States
$1.19M250,9900.70%99.30%
AYRO
AYRO INC
United States
$4.59M5,300,2202.79%97.21%Net Selling
NWTN
NWTN INC
United Arab Emirates
$420.69M286,186,5210.29%3.28%
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
United States
$226.57M439,941,3320.32%46.88%Net Selling
VEV
VICINITY MOTOR CORP
Canada
$29.68M45,667,7060.42%0.00%
ZK
ZEEKR INTELLIGENT TECHNOLOGY HOLDING LTD
China
$5.14B2,440,846,2540.00%0.00%
FLYE
FLY-E GROUP INC
United States
N/A25,000,0000.00%67.32%
CJET
CHIJET MOTOR COMPANY INC
China
$59.46M160,707,1710.95%0.49%
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
United Kingdom
$6.28M2,894,87477.94%0.00%
PEV
PHOENIX MOTOR INC
United States
$26.50M34,685,1581.41%51.83%Net Selling
SVMH
SRIVARU HOLDING LTD
Cayman Islands
$4.90M21,486,1285.69%5.06%
LOT
LOTUS TECHNOLOGY INC
China
$4.74B680,957,4950.10%0.00%

Auto Stocks FAQ

What are the best auto stocks to buy right now in Jun 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 62, which is 37 points higher than the auto industry average of 25. It passed 21 out of 33 due diligence checks and has strong fundamentals. Li Auto has seen its stock lose -44.38% 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 113.21% from Li Auto's current stock price of $18.80.

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 52, which is 27 points higher than the auto industry average of 25. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ford Motor Co has seen its stock lose -17.54% over the past year, overperforming other auto stocks by 76 percentage points.

Ford Motor Co has an average 1 year price target of $14.25, an upside of 21.69% from Ford Motor Co's current stock price of $11.71.

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 27 points higher than the auto industry average of 25. It passed 18 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock return 19.02% over the past year, overperforming other auto stocks by 113 percentage points.

Stellantis Nv has an average 1 year price target of $34.70, an upside of 71.7% from Stellantis Nv's current stock price of $20.21.

Stellantis Nv stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Stellantis Nv, 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. Stellantis Nv (NYSE:STLA)


Stellantis Nv (NYSE:STLA) has an annual dividend yield of 8.17%, which is 4 percentage points higher than the auto industry average of 4.02%. 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 6.66%, which is 3 percentage points higher than the auto industry average of 4.02%. 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. General Motors Co (NYSE:GM)


General Motors Co (NYSE:GM) has an annual dividend yield of 0.64%, which is -3 percentage points lower than the auto industry average of 4.02%. 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 4.7% indicates that its dividend yield is sustainable for the long-term.

Why are auto stocks down?

Auto stocks were down -1.87% in the last day, and down -2.48% over the last week. Volcon was the among the top losers in the auto manufacturers industry, dropping -20.28% yesterday.

Shares of companies within the broader discretionary sector are trading lower following softer-than-expected consumer sentiment data.

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 25.19% in the past year. It has overperformed other stocks in the auto industry by 119 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 -17.54% in the past year. It has overperformed other stocks in the auto industry by 76 percentage points.

3. Honda Motor Co (NYSE:HMC)


Honda Motor Co (NYSE:HMC) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Honda Motor Co 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.

Honda Motor Co's stock has dropped -1.35% in the past year. It has overperformed other stocks in the auto industry by 92 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 20.75% 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 26.62x.
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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.