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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
TSLA
TESLA INC
United States
$565.95B3,189,196,16742.79%13.89%Net SellingNet Selling
F
FORD MOTOR CO
United States
$49.03B3,992,337,15754.68%2.26%Net SellingNet Selling
LI
LI AUTO INC
China
$26.06B2,094,220,3304.63%0.00%
STLA
STELLANTIS NV
United Kingdom
$68.26B3,023,168,32131.86%0.00%
GOEV
CANOO INC
United States
$190.62M68,567,4956.24%93.76%Net Buying
BLBD
BLUE BIRD CORP
United States
$1.71B32,299,06564.73%35.27%Net SellingNet Selling
NIU
NIU TECHNOLOGIES
China
$185.36M155,117,0304.48%0.00%
XPEV
XPENG INC
Ghana
$7.82B1,885,437,0805.83%0.00%
WKHS
WORKHORSE GROUP INC
United States
$75.56M314,830,05816.78%22.72%Net BuyingNet Buying
ECDA
ECD AUTOMOTIVE DESIGN INC
United States
$36.68M31,899,6322.22%97.78%Net Buying
RACE
FERRARI NV
Italy
$102.94B243,750,96222.57%0.00%
RIVN
RIVIAN AUTOMOTIVE INC
United States
$10.45B995,320,23260.68%36.61%Net SellingNet Selling
TM
TOYOTA MOTOR CORP
Japan
$296.11B13,474,172,0270.16%0.00%
GM
GENERAL MOTORS CO
United States
$52.21B1,140,958,03985.15%14.85%Net SellingNet Selling
GP
GREENPOWER MOTOR CO INC
Canada
$33.47M24,976,8761.69%9.52%
LCID
LUCID GROUP INC
United States
$6.55B2,307,150,08540.43%59.57%Net BuyingNet Selling
HMC
HONDA MOTOR CO LTD
Japan
$53.45B4,828,907,3761.48%0.00%
GGR
GOGORO INC
Taiwan
$353.91M235,942,0008.69%0.00%
NIO
NIO INC
China
$10.99B2,080,563,74915.76%0.00%
CENN
CENNTRO INC
United States
$61.97M30,828,7950.60%99.40%
LOBO
LOBO EV TECHNOLOGIES LTD
China
$25.09M7,780,0000.22%0.00%
ZK
ZEEKR INTELLIGENT TECHNOLOGY HOLDING LTD
China
N/A2,440,846,2540.00%0.00%
EVTV
ENVIROTECH VEHICLES INC
United States
$26.08M16,196,4623.07%96.93%
MULN
MULLEN AUTOMOTIVE INC
United States
$55.47M11,412,5960.45%99.55%Net Selling
PSNY
POLESTAR AUTOMOTIVE HOLDING UK PLC
Sweden
$2.65B2,134,942,4630.96%0.00%
LVWR
LIVEWIRE GROUP INC
United States
$1.37B203,162,5650.86%2.07%Net SellingNet Selling
VFS
VINFAST AUTO LTD
Singapore
$11.41B2,337,865,1640.16%0.00%
AYRO
AYRO INC
United States
$6.04M5,300,2202.79%97.21%Net Selling
VLCN
VOLCON INC
United States
$7.25M25,098,9550.11%41.55%
NWTN
NWTN INC
United Arab Emirates
$1.24B286,186,5210.29%3.28%
LOT
LOTUS TECHNOLOGY INC
China
$5.66B673,482,5130.10%0.00%
FFIE
FARADAY FUTURE INTELLIGENT ELECTRIC INC
United States
$19.71M19,138,7820.69%99.31%Net Selling
VEV
VICINITY MOTOR CORP
Canada
$34.71M45,667,7060.42%0.00%
CJET
CHIJET MOTOR COMPANY INC
China
$59.30M160,707,1710.93%0.49%
ZAPP
ZAPP ELECTRIC VEHICLES GROUP LTD
United Kingdom
$3.73M2,894,87477.94%0.00%
PEV
PHOENIX MOTOR INC
United States
$15.37M34,685,1581.41%51.83%Net Selling
SVMH
SRIVARU HOLDING LTD
Cayman Islands
$3.33M21,486,1285.69%5.06%
1

Auto Stocks FAQ

What are the best auto stocks to buy right now in May 2024?

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 53, which is 28 points higher than the auto industry average of 25. It passed 18 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock return 2.07% over the past year, overperforming other auto stocks by 56 percentage points.

Tesla has an average 1 year price target of $181.34, an upside of 2.19% from Tesla's current stock price of $177.46.

Tesla stock has a consensus Hold recommendation according to Wall Street analysts. Of the 29 analysts covering Tesla, 17.24% have issued a Strong Buy rating, 13.79% have issued a Buy, 44.83% have issued a hold, while 6.9% have issued a Sell rating, and 17.24% 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 return 6.78% over the past year, overperforming other auto stocks by 61 percentage points.

Ford Motor Co has an average 1 year price target of $13.66, an upside of 11.26% from Ford Motor Co's current stock price of $12.28.

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, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 12.5% 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 52, which is 27 points higher than the auto industry average of 25. It passed 17 out of 33 due diligence checks and has strong fundamentals. Li Auto has seen its stock lose -13.73% over the past year, overperforming other auto stocks by 40 percentage points.

Li Auto has an average 1 year price target of $45.75, an upside of 83.81% from Li Auto's current stock price of $24.89.

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.

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 7.31%, which is 4 percentage points higher than the auto industry average of 3.77%. 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 6.35%, which is 3 percentage points higher than the auto industry average of 3.77%. 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 0.85%, which is -3 percentage points lower than the auto industry average of 3.77%. 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 up?

Auto stocks were up 0.77% in the last day, and up 3.04% over the last week. Vinfast Auto was the among the top gainers in the auto manufacturers industry, gaining 10.41% yesterday.

VinFast shares are trading higher. The company recently received 27,649 pre orders for the VF 3 in Vietnam after 66 hours of accepting deposits.

What are the most undervalued auto stocks?

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

1. Canoo (NASDAQ:GOEV)


Canoo (NASDAQ:GOEV) is the most undervalued auto stock based on WallStreetZen's Valuation Score. Canoo has a valuation score of 71, which is 53 points higher than the auto industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Canoo's stock has dropped -81.6% in the past year. It has underperformed other stocks in the auto industry by -28 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 53 points higher than the auto industry average of 18. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has gained 6.78% in the past year. It has overperformed other stocks in the auto industry by 61 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 25 points higher than the auto industry average of 18. It passed 3 out of 7 valuation due diligence checks.

Honda Motor Co's stock has gained 17.79% in the past year. It has overperformed other stocks in the auto industry by 72 percentage points.

Are auto stocks a good buy now?

47.37% of auto stocks rated by analysts are a strong buy right now. On average, analysts expect auto stocks to rise by 15.18% 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 26.23x.
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