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Best Auto Stocks to Buy Now (2022)
Top auto stocks in 2022 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)
TSLA
TESLA INC
United States
$614.81B3,157,752,44943.01%15.09%Net SellingNet Selling
STLA
STELLANTIS NV
United Kingdom
$49.43B3,144,113,00332.84%0.00%
SOLO
ELECTRAMECCANICA VEHICLES CORP
Canada
$137.91M118,888,1088.90%0.00%
RIVN
RIVIAN AUTOMOTIVE INC
United States
$28.99B920,955,80563.20%36.80%Net SellingNet Selling
TM
TOYOTA MOTOR CORP
Japan
$202.11B13,687,486,9640.13%0.00%
NIU
NIU TECHNOLOGIES
China
$299.78M155,324,51216.59%0.00%
LCID
LUCID GROUP INC
United States
$16.52B1,680,431,09053.22%46.78%Net SellingNet Selling
HYZN
HYZON MOTORS INC
United States
$443.74M247,900,9795.59%94.41%Net Selling
LI
LI AUTO INC
China
$20.55B1,929,740,89211.33%0.00%
F
FORD MOTOR CO
United States
$56.61B4,020,494,09949.68%2.01%Net BuyingNet Selling
HMC
HONDA MOTOR CO LTD
Japan
$42.01B1,707,725,1875.44%0.00%
RACE
FERRARI NV
Italy
$56.38B247,188,31824.10%0.00%
GP
GREENPOWER MOTOR CO INC
Canada
$52.09M23,151,3604.65%10.28%Net Buying
AYRO
AYRO INC
United States
$21.21M37,020,5189.45%23.36%Net SellingNet Selling
SEV
SONO GROUP NV
Germany
$133.66M99,007,6416.29%0.00%
PTRA
PROTERRA INC
United States
$1.22B225,500,00060.04%12.96%Net BuyingNet Buying
NKLA
NIKOLA CORP
United States
$1.25B478,851,04120.86%26.49%Net BuyingNet Buying
GM
GENERAL MOTORS CO
United States
$57.44B1,420,696,78779.89%12.56%Net SellingNet Selling
NIO
NIO INC
China
$20.46B1,692,127,48929.65%0.00%
ARVL
ARRIVAL
Luxembourg
$216.37M657,661,0779.01%0.75%
BLBD
BLUE BIRD CORP
United States
$381.10M32,024,91149.26%50.74%Net Buying
XPEV
XPENG INC
Ghana
$8.57B1,718,162,86412.38%0.00%
FSR
FISKER INC
United States
$2.28B311,910,46626.88%8.05%Net SellingNet Buying
WKHS
WORKHORSE GROUP INC
United States
$380.71M164,101,24432.09%33.98%Net BuyingNet Selling
RIDE
LORDSTOWN MOTORS CORP
United States
$358.01M216,976,24527.52%22.40%Net SellingNet Selling
PEV
PHOENIX MOTOR INC
United States
$33.57M20,185,5260.07%89.05%
CENN
CENNTRO ELECTRIC GROUP LTD
United States
$164.59M261,256,2548.18%3.56%
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
United States
$139.58M450,256,83210.63%45.59%
VEV
VICINITY MOTOR CORP
Canada
$33.44M37,569,5361.29%0.00%
GOEV
CANOO INC
United States
$447.81M324,500,88715.74%42.62%Net SellingNet Buying
VLCN
VOLCON INC
United States
$29.01M24,376,2604.23%42.49%Net Buying
AMV
ATLIS MOTOR VEHICLES INC
United States
$343.57M37,879,5070.00%78.66%
NWTN
NWTN INC
United Arab Emirates
$2.65B293,614,4890.61%3.20%

Auto Stocks FAQ

What are the best auto stocks to buy right now in Dec 2022?

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 28 points higher than the auto industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -46.66% over the past year, underperforming other auto stocks by -4 percentage points.

Tesla has an average 1 year price target of $644.12, an upside of 230.82% from Tesla's current stock price of $194.70.

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, 24.14% have issued a Buy, 27.59% have issued a hold, while 0% have issued a Sell rating, and 10.34% 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 48, which is 20 points higher than the auto industry average of 28. It passed 17 out of 38 due diligence checks and has strong fundamentals. Stellantis Nv has seen its stock lose -11.09% over the past year, overperforming other auto stocks by 32 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.

3. Electrameccanica Vehicles (NASDAQ:SOLO)


Electrameccanica Vehicles (NASDAQ:SOLO) is the third best auto stock with a Zen Score of 47, which is 19 points higher than the auto industry average of 28. It passed 15 out of 33 due diligence checks and has strong fundamentals. Electrameccanica Vehicles has seen its stock lose -57.82% over the past year, underperforming other auto stocks by -15 percentage points.

Electrameccanica Vehicles has an average 1 year price target of $8.47, an upside of 629.83% from Electrameccanica Vehicles's current stock price of $1.16.

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.

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 7.14%, which is 4 percentage points higher than the auto industry average of 2.95%.

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 3.55%, which is 1 percentage points higher than the auto industry average of 2.95%. 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 20% indicates that its dividend yield is sustainable for the long-term.

3. Ferrari Nv (NYSE:RACE)


Ferrari Nv (NYSE:RACE) has an annual dividend yield of 0.64%, which is -2 percentage points lower than the auto industry average of 2.95%. 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 up?

Auto stocks were up 0.23% in the last day, and up 4.38% 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. 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 41 points higher than the auto industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Honda Motor Co's stock has dropped -11.29% in the past year. It has overperformed other stocks in the auto industry by 31 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 41 points higher than the auto industry average of 30. It passed 5 out of 7 valuation due diligence checks.

Toyota Motor's stock has dropped -17.18% in the past year. It has overperformed other stocks in the auto industry by 26 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 57, which is 27 points higher than the auto industry average of 30. It passed 4 out of 7 valuation due diligence checks.

Niu Technologies's stock has dropped -81.1% in the past year. It has underperformed other stocks in the auto industry by -38 percentage points.

Are auto stocks a good buy now?

44.44% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 95.3% 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 25.96x.
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