Sectors & Industries Consumer CyclicalAuto Manufacturers
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

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

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
TSLA	TESLA INC	NASDAQ	Auto Manufacturers	$537.28B	$168.47	-2.04%	$13.83B	39.18x	0.68
LI	LI AUTO INC	NASDAQ	Auto Manufacturers	$27.95B	$26.69	-2.23%	$1.69B	16.22x	1.38
F	FORD MOTOR CO	NYSE	Auto Manufacturers	$47.87B	$11.99	-1.15%	$12.29B	12.23x	5.40
STLA	STELLANTIS NV	NYSE	Auto Manufacturers	$66.21B	$21.90	0.64%	$32.15B	3.41x	1.47
BLBD	BLUE BIRD CORP	NASDAQ	Auto Manufacturers	$1.57B	$48.74	4.32%	$138.63M	19.57x	3.32
NIU	NIU TECHNOLOGIES	NASDAQ	Auto Manufacturers	$179.94M	$2.32	-4.13%	-$17.18M	-4.84x	1.00
XPEV	XPENG INC	NYSE	Auto Manufacturers	$7.29B	$7.73	-5.27%	-$376.67M	-9.44x	1.32
WKHS	WORKHORSE GROUP INC	NASDAQ	Auto Manufacturers	$56.67M	$0.18	-14.29%	-$109.73M	-0.30x	0.71
TM	TOYOTA MOTOR CORP	NYSE	Auto Manufacturers	$294.79B	$218.78	-3.72%	$57.44B	9.40x	1.60
RIVN	RIVIAN AUTOMOTIVE INC	NASDAQ	Auto Manufacturers	$9.94B	$9.99	-2.25%	-$4.24B	-1.73x	0.95
ECDA	ECD AUTOMOTIVE DESIGN INC	NASDAQ	Auto Manufacturers	$36.68M	$1.15	-0.86%	-$976.96k	-12.78x	-3.52
RACE	FERRARI NV	NYSE	Auto Manufacturers	$98.72B	$405.00	-0.60%	$2.52B	52.02x	1.64
GP	GREENPOWER MOTOR CO INC	NASDAQ	Auto Manufacturers	$31.72M	$1.27	-7.30%	-$12.18M	-2.02x	1.78
GM	GENERAL MOTORS CO	NYSE	Auto Manufacturers	$51.58B	$45.21	-0.33%	$24.38B	5.50x	3.09
LCID	LUCID GROUP INC	NASDAQ	Auto Manufacturers	$6.14B	$2.66	-1.48%	-$2.42B	-2.11x	0.98
HMC	HONDA MOTOR CO LTD	NYSE	Auto Manufacturers	$54.32B	$33.78	-0.47%	$15.40B	7.84x	1.32
NIO	NIO INC	NYSE	Auto Manufacturers	$10.55B	$5.07	-4.88%	-$2.11B	-2.95x	3.44
HYZN	HYZON MOTORS INC	NASDAQ	Auto Manufacturers	$130.67M	$0.53	-4.82%	-$180.56M	-0.71x	0.47
MULN	MULLEN AUTOMOTIVE INC	NASDAQ	Auto Manufacturers	$39.90M	$6.09	-4.84%	-$651.47M	0.00x	0.52
ZK	ZEEKR INTELLIGENT TECHNOLOGY HOLDING LTD	NYSE	Auto Manufacturers	N/A	$28.26	N/A	-$1.02B	-4.90x	-3.72
EVTV	ENVIROTECH VEHICLES INC	NASDAQ	Auto Manufacturers	$34.30M	$2.21	-3.91%	-$12.56M	-2.63x	0.10
CENN	CENNTRO INC	NASDAQ	Auto Manufacturers	$43.16M	$1.40	-2.10%	-$48.43M	-0.79x	0.52
PSNY	POLESTAR AUTOMOTIVE HOLDING UK PLC	NASDAQ	Auto Manufacturers	$2.71B	$1.27	-5.22%	-$445.74M	-5.52x	-7.97
LOBO	LOBO EV TECHNOLOGIES LTD	NASDAQ	Auto Manufacturers	$23.42M	$3.01	-1.63%	$2.23M	20.07x	2.44
LVWR	LIVEWIRE GROUP INC	NYSE	Auto Manufacturers	$1.43B	$7.06	4.75%	-$101.79M	-12.84x	0.29
VFS	VINFAST AUTO LTD	NASDAQ	Auto Manufacturers	$7.04B	$3.01	-0.99%	N/A	-3.05x	-1.43
GOEV	CANOO INC	NASDAQ	Auto Manufacturers	$164.86M	$2.56	1.19%	-$279.28M	-4.83x	1.17
AYRO	AYRO INC	NASDAQ	Auto Manufacturers	$5.68M	$1.15	2.68%	-$32.92M	-0.14x	1.95
NWTN	NWTN INC	NASDAQ	Auto Manufacturers	$1.06B	$3.70	25.85%	N/A	-9.74x	0.36
LOT	LOTUS TECHNOLOGY INC	NASDAQ	Auto Manufacturers	$5.05B	$7.50	-6.37%	-$655.68M	-4.69x	-2.00
VLCN	VOLCON INC	NASDAQ	Auto Manufacturers	$8.94M	$0.36	17.49%	-$59.63M	-0.00x	3.59
FFIE	FARADAY FUTURE INTELLIGENT ELECTRIC INC	NASDAQ	Auto Manufacturers	$880.38k	$0.05	12.20%	-$515.48M	-0.00x	1.21
VEV	VICINITY MOTOR CORP	NASDAQ	Auto Manufacturers	$35.39M	$0.78	3.33%	-$7.48M	-2.92x	2.50
CJET	CHIJET MOTOR COMPANY INC	NASDAQ	Auto Manufacturers	$47.89M	$0.30	-4.49%	-$18.67M	-0.69x	-4.63
SVMH	SRIVARU HOLDING LTD	NASDAQ	Auto Manufacturers	$2.64M	$0.12	0.00%	-$509.54k	-3.08x	-2.48
PEV	PHOENIX MOTOR INC	NASDAQ	Auto Manufacturers	$15.96M	$0.46	-2.95%	-$18.01M	-0.47x	-3.41
ZAPP	ZAPP ELECTRIC VEHICLES GROUP LTD	NASDAQ	Auto Manufacturers	$4.78M	$1.65	-2.94%	-$221.11M	-0.02x	-1.40

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 29 points higher than the auto industry average of 24. It passed 18 out of 33 due diligence checks and has strong fundamentals. Tesla has seen its stock lose -0.04% over the past year, overperforming other auto stocks by 58 percentage points.

Tesla has an average 1 year price target of $181.34, an upside of 7.64% from Tesla's current stock price of $168.47.

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. Li Auto (NASDAQ:LI)

Li Auto (NASDAQ:LI) is the second best auto stock with a Zen Score of 52, which is 28 points higher than the auto industry average of 24. It passed 17 out of 33 due diligence checks and has strong fundamentals. Li Auto has seen its stock lose -5.42% over the past year, overperforming other auto stocks by 53 percentage points.

Li Auto has an average 1 year price target of $45.75, an upside of 71.41% from Li Auto's current stock price of $26.69.

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.

3. Ford Motor Co (NYSE:F)

Ford Motor Co (NYSE:F) is the third best auto stock with a Zen Score of 52, which is 28 points higher than the auto industry average of 24. It passed 18 out of 38 due diligence checks and has strong fundamentals. Ford Motor Co has seen its stock return 0.84% over the past year, overperforming other auto stocks by 59 percentage points.

Ford Motor Co has an average 1 year price target of $13.66, an upside of 13.95% from Ford Motor Co's current stock price of $11.99.

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.

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 7.54%, which is 4 percentage points higher than the auto industry average of 3.88%. 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 6.51%, which is 3 percentage points higher than the auto industry average of 3.88%. 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 0.86%, which is -3 percentage points lower than the auto industry average of 3.88%. 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 -1.35% in the last day, and down -3.91% over the last week. Xpeng was the among the top losers in the auto manufacturers industry, dropping -5.27% yesterday.

Shares of Chinese EV stocks are trading lower in possible reaction to reports of Biden preparing tariffs on the Chinese EV and solar sectors.

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 55 points higher than the auto industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Ford Motor Co's stock has gained 0.84% in the past year. It has overperformed other stocks in the auto industry by 59 percentage points.

2. Honda Motor Co (NYSE:HMC)

Honda Motor Co (NYSE:HMC) is the second most undervalued auto stock based on WallStreetZen's Valuation Score. Honda Motor Co has a valuation score of 43, which is 27 points higher than the auto industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Honda Motor Co's stock has gained 25.02% in the past year. It has overperformed other stocks in the auto industry by 83 percentage points.

3. Mullen Automotive (NASDAQ:MULN)

Mullen Automotive (NASDAQ:MULN) is the third most undervalued auto stock based on WallStreetZen's Valuation Score. Mullen Automotive has a valuation score of 43, which is 27 points higher than the auto industry average of 16. It passed 3 out of 7 valuation due diligence checks.

Mullen Automotive's stock has dropped -99.51% in the past year. It has underperformed other stocks in the auto industry by -41 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 22.44% 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 24.94x.

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.