Sectors & Industries Consumer CyclicalAuto Parts
Best Auto Part Stocks to Buy Now (2024)
Top auto part stocks in 2024 ranked by overall Zen Score. See the best auto part stocks to buy now, according to analyst forecasts for the auto parts industry.

Industry: Auto Parts

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
ALV	AUTOLIV INC	NYSE	Auto Parts	$10.12B	$124.34	-0.53%	$1.16B	19.40x	2.42
MGA	MAGNA INTERNATIONAL INC	NYSE	Auto Parts	$13.48B	$46.92	1.12%	N/A	13.29x	1.80
DORM	DORMAN PRODUCTS INC	NASDAQ	Auto Parts	$2.87B	$92.44	0.26%	$307.53M	18.56x	0.89
XPEL	XPEL INC	NASDAQ	Auto Parts	$943.98M	$34.16	3.23%	$71.50M	19.75x	0.39
LEA	LEAR CORP	NYSE	Auto Parts	$7.44B	$131.07	1.41%	$1.43B	14.23x	2.02
MLR	MILLER INDUSTRIES INC	NYSE	Auto Parts	$662.96M	$57.80	-0.17%	$103.28M	10.00x	0.92
GNTX	GENTEX CORP	NASDAQ	Auto Parts	$8.13B	$35.16	0.77%	$609.87M	18.51x	0.14
BWA	BORGWARNER INC	NYSE	Auto Parts	$8.54B	$37.50	-0.58%	$979.00M	14.15x	1.38
VC	VISTEON CORP	NASDAQ	Auto Parts	$3.16B	$114.44	-0.89%	$364.00M	6.49x	1.53
MOD	MODINE MANUFACTURING CO	NYSE	Auto Parts	$5.38B	$103.13	-3.48%	$294.00M	23.87x	1.26
STRT	STRATTEC SECURITY CORP	NASDAQ	Auto Parts	$96.62M	$23.75	6.12%	$27.25M	23.75x	0.66
LKQ	LKQ CORP	NASDAQ	Auto Parts	$11.79B	$44.21	-0.25%	$1.70B	14.31x	1.48
ALSN	ALLISON TRANSMISSION HOLDINGS INC	NYSE	Auto Parts	$6.69B	$76.52	-0.38%	$1.07B	10.11x	2.77
DAN	DANA INC	NYSE	Auto Parts	$1.95B	$13.43	-1.10%	$725.00M	149.22x	3.94
ADNT	ADIENT PLC	NYSE	Auto Parts	$2.60B	$28.91	0.03%	$656.00M	17.42x	3.31
CAAS	CHINA AUTOMOTIVE SYSTEMS INC	NASDAQ	Auto Parts	$106.25M	$3.52	1.15%	$62.52M	2.82x	1.16
HLLY	HOLLEY INC	NYSE	Auto Parts	$480.42M	$3.99	-0.75%	$108.19M	24.94x	1.68
APTV	APTIV PLC	NYSE	Auto Parts	$22.52B	$82.78	-1.09%	$2.32B	7.79x	1.10
THRM	GENTHERM INC	NASDAQ	Auto Parts	$1.60B	$50.53	-1.64%	$126.51M	34.61x	0.94
SMP	STANDARD MOTOR PRODUCTS INC	NYSE	Auto Parts	$709.85M	$32.54	-0.40%	$89.13M	22.92x	1.09
PLOW	DOUGLAS DYNAMICS INC	NYSE	Auto Parts	$584.97M	$25.33	2.10%	$79.35M	21.11x	1.66
CVGI	COMMERCIAL VEHICLE GROUP INC	NASDAQ	Auto Parts	$193.55M	$5.63	-3.10%	$56.22M	4.23x	1.90
HSAI	HESAI GROUP	NASDAQ	Auto Parts	$630.06M	$4.96	-3.69%	-$48.63M	-9.41x	0.47
AEVA	AEVA TECHNOLOGIES INC	NYSE	Auto Parts	$177.04M	$3.35	-4.01%	-$141.26M	-1.06x	0.13
KNDI	KANDI TECHNOLOGIES GROUP INC	NASDAQ	Auto Parts	$195.68M	$2.24	-5.08%	$15.05M	112.00x	0.22
WPRT	WESTPORT FUEL SYSTEMS INC	NASDAQ	Auto Parts	$100.07M	$5.81	3.75%	-$36.16M	-1.87x	1.31
INVZ	INNOVIZ TECHNOLOGIES LTD	NASDAQ	Auto Parts	$195.16M	$1.18	-7.09%	-$118.09M	-1.55x	0.43
MNRO	MONRO INC	NASDAQ	Auto Parts	$793.30M	$26.53	-1.41%	$141.01M	24.56x	1.63
WKSP	WORKSPORT LTD	NASDAQ	Auto Parts	$20.32M	$0.84	-3.99%	-$13.20M	-1.00x	0.43
HYLN	HYLIION HOLDINGS CORP	NYSE	Auto Parts	$252.35M	$1.45	-2.68%	-$105.44M	-2.38x	0.06
MBLY	MOBILEYE GLOBAL INC	NASDAQ	Auto Parts	$21.88B	$27.13	-3.25%	$366.00M	-129.19x	0.04
FOXF	FOX FACTORY HOLDING CORP	NASDAQ	Auto Parts	$1.98B	$47.50	0.08%	$177.62M	26.54x	0.89
SRI	STONERIDGE INC	NYSE	Auto Parts	$443.85M	$16.04	-0.06%	$41.22M	-114.57x	1.44
GGR	GOGORO INC	NASDAQ	Auto Parts	$377.51M	$1.60	-4.76%	$59.87M	-8.00x	2.38
MPAA	MOTORCAR PARTS OF AMERICA INC	NASDAQ	Auto Parts	$99.69M	$5.07	-2.69%	$77.75M	-2.03x	2.54
FRSX	FORESIGHT AUTONOMOUS HOLDINGS LTD	NASDAQ	Auto Parts	$18.21M	$1.20	4.35%	N/A	-0.67x	0.22
SES	SES AI CORP	NYSE	Auto Parts	$517.67M	$1.45	-3.97%	-$47.33M	-9.06x	0.11
SYPR	SYPRIS SOLUTIONS INC	NASDAQ	Auto Parts	$30.02M	$1.34	2.29%	$4.05M	-19.14x	4.76
QS	QUANTUMSCAPE CORP	NYSE	Auto Parts	$2.69B	$5.39	0.19%	-$406.52M	-5.61x	0.16
LIDR	AEYE INC	NASDAQ	Auto Parts	$16.78M	$2.58	115.00%	-$84.36M	-0.17x	0.87
PHIN	PHINIA INC	NYSE	Auto Parts	$2.00B	$43.68	1.72%	$274.00M	N/A	1.15
LAZR	LUMINAR TECHNOLOGIES INC	NASDAQ	Auto Parts	$762.02M	$1.71	1.18%	-$496.70M	-1.25x	-2.67
ALLG	ALLEGO NV	NYSE	Auto Parts	$297.00M	$1.11	-6.72%	N/A	N/A	-9.92
ECX	ECARX HOLDINGS INC	NASDAQ	Auto Parts	$544.10M	$1.61	3.87%	-$739.88M	-0.58x	-39.31
AXL	AMERICAN AXLE & MANUFACTURING HOLDINGS INC	NYSE	Auto Parts	$895.75M	$7.62	-1.17%	$697.30M	-95.25x	7.64
CPS	COOPER-STANDARD HOLDINGS INC	NYSE	Auto Parts	$251.57M	$14.55	0.69%	$146.98M	-2.45x	-16.99
GTX	GARRETT MOTION INC	NASDAQ	Auto Parts	$2.10B	$9.30	-1.80%	$573.00M	-9.79x	-4.33
GT	GOODYEAR TIRE & RUBBER CO	NASDAQ	Auto Parts	$3.69B	$12.96	-0.46%	$948.00M	-5.73x	3.71
SUP	SUPERIOR INDUSTRIES INTERNATIONAL INC	NYSE	Auto Parts	$107.25M	$3.75	-0.27%	$22.27M	-0.65x	-9.18
CREV	CARBON REVOLUTION PUBLIC LTD CO	NASDAQ	Auto Parts	N/A	$10.97	5.18%	-$31.08M	-68.99x	9.07

Auto Part Stocks FAQ

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

According to Zen Score, the 3 best auto part stocks to buy right now are:

1. Autoliv (NYSE:ALV)

Autoliv (NYSE:ALV) is the top auto part stock with a Zen Score of 60, which is 27 points higher than the auto part industry average of 33. It passed 22 out of 38 due diligence checks and has strong fundamentals. Autoliv has seen its stock return 41.46% over the past year, overperforming other auto part stocks by 44 percentage points.

Autoliv has an average 1 year price target of $132.83, an upside of 6.83% from Autoliv's current stock price of $124.34.

Autoliv stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Autoliv, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) is the second best auto part stock with a Zen Score of 57, which is 24 points higher than the auto part industry average of 33. It passed 20 out of 38 due diligence checks and has strong fundamentals. Magna International has seen its stock lose -10.87% over the past year, underperforming other auto part stocks by -9 percentage points.

Magna International has an average 1 year price target of $58.71, an upside of 25.14% from Magna International's current stock price of $46.92.

Magna International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Magna International, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM) is the third best auto part stock with a Zen Score of 56, which is 23 points higher than the auto part industry average of 33. It passed 18 out of 33 due diligence checks and has strong fundamentals. Dorman Products has seen its stock return 5.68% over the past year, overperforming other auto part stocks by 8 percentage points.

Dorman Products has an average 1 year price target of $103.00, an upside of 11.42% from Dorman Products's current stock price of $92.44.

Dorman Products stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Dorman Products, 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.

What are the auto part stocks with highest dividends?

Out of 13 auto part stocks that have issued dividends in the past year, the 3 auto part stocks with the highest dividend yields are:

1. Douglas Dynamics (NYSE:PLOW)

Douglas Dynamics (NYSE:PLOW) has an annual dividend yield of 4.66%, which is 2 percentage points higher than the auto part industry average of 2.57%. Douglas Dynamics's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Douglas Dynamics's dividend has shown consistent growth over the last 10 years.

Douglas Dynamics's dividend payout ratio of 98.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Monro (NASDAQ:MNRO)

Monro (NASDAQ:MNRO) has an annual dividend yield of 4.22%, which is 2 percentage points higher than the auto part industry average of 2.57%. Monro's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Monro's dividend has shown consistent growth over the last 10 years.

Monro's dividend payout ratio of 103.7% indicates that its dividend yield might not be sustainable for the long-term.

3. Magna International (NYSE:MGA)

Magna International (NYSE:MGA) has an annual dividend yield of 3.95%, which is 1 percentage points higher than the auto part industry average of 2.57%. Magna International's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Magna International's dividend has shown consistent growth over the last 10 years.

Magna International's dividend payout ratio of 52.5% indicates that its dividend yield is sustainable for the long-term.

Why are auto part stocks down?

Auto part stocks were down -0.14% in the last day, and up 2.56% over the last week.

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

What are the most undervalued auto part stocks?

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

1. Strattec Security (NASDAQ:STRT)

Strattec Security (NASDAQ:STRT) is the most undervalued auto part stock based on WallStreetZen's Valuation Score. Strattec Security has a valuation score of 100, which is 69 points higher than the auto part industry average of 31. It passed 7 out of 7 valuation due diligence checks.

Strattec Security's stock has gained 31.8% in the past year. It has overperformed other stocks in the auto part industry by 34 percentage points.

2. Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM) is the second most undervalued auto part stock based on WallStreetZen's Valuation Score. Dorman Products has a valuation score of 71, which is 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Dorman Products's stock has gained 5.68% in the past year. It has overperformed other stocks in the auto part industry by 8 percentage points.

3. Borgwarner (NYSE:BWA)

Borgwarner (NYSE:BWA) is the third most undervalued auto part stock based on WallStreetZen's Valuation Score. Borgwarner has a valuation score of 71, which is 40 points higher than the auto part industry average of 31. It passed 5 out of 7 valuation due diligence checks.

Borgwarner's stock has dropped -15.37% in the past year. It has underperformed other stocks in the auto part industry by -13 percentage points.

Are auto part stocks a good buy now?

43.75% of auto part stocks rated by analysts are a buy right now. On average, analysts expect auto part stocks to rise by 19.94% over the next year.

What is the average p/e ratio of the auto parts industry?

The average P/E ratio of the auto parts industry is -7.39x.

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.