Auto Stocks That Investors Are Buying, Key Multiples For Each Company and Updated Price Targets
In this article, we discuss the Auto stocks that investors are buying and provide the key multiples for each company that investors are tracking. Our updated price targets for each company are provided as well.
All companies were identified using the Simple Investing Success stock screener, which scans for companies meeting our simple criteria of cheap and good, using simple metrics for discount and valuation.
Auto Stocks That Investors Are Buying
- Strattec Security Corp (STRT)
- Garrett Motion (GTX)
- American Axle & Manufacturing (AXL)
- Superior Industries Int’l (SUP)
Let’s take a closer look at each company.
- Earnings Yield: 15.84%
- 52-week range: $1.19 – $9.72
- Analyst Price target: $10.64
- Price/Free Cash Flow: 1.26
- Price/Sales: 0.14
- Price/Earnings: NA
Superior Industries International designs and manufacturers aluminum wheels for manufacturers and aftermarket distributors in North America and Europe. The company also supplies aluminum wheels to the automobile and light truck manufacturers. It’s products are sold under the ATS, RIAL, ALUTEC, and ANZIO brand names.
Super Industries International was founded in 1957 and is headquartered in Southfield, Michigan. The current CEO is Majdi Abulaban.
The YTD performance for SUP is 54.28%.
- Earnings Yield: 28.98%
- 52-week range: $2.60 – $8.90
- Analyst Price target: $11.73
- Price/Free Cash Flow: NA
- Price/Sales: 0.18
- Price/Earnings: 10.11
Garrett Motion designs and manufactures turbocharger and electric-boosting technologies for light and commercial vehicle manufacturers internationally. Garrett offers light vehicle gas and diesel, and commercial vehicle turbochargers. It also provides car software technologies, such as cybersecurity solutions, which include intrusion detection, vehicle health management systems and diagnostic and prognostic solutions. The company offers its products in the aftermarket through distributors.
Garrett Motion was incorporated in 2018 and is headquartered in Rolle, Switzerland. The current CEO is Oliver Rabiller.
The YTD performance for GTX is 67.27%.
- Earnings Yield: 18.48%
- 52-week range: $6.33 – $13.05
- Analyst Price target: $17.82
- Price/Free Cash Flow: 1.62
- Price/Sales: 0.25
- Price/Earnings: 5.91
American Axle & Manufacturing Holdings engineers and manufactures driveline and metal forming products in the US and internationally. The company’s Driveline segment offers front and rear axles, driveshafts, balance systems and electric and hybrid driveline products for trucks, SUVs and commercial vehicles. Its Metal Forming segment provides axle and transmission shafts, ring and pinion gears and connecting rods for manufacturers and Tier 1 automotive suppliers.
American Axle & Manufacturing Holdings was founded in 1994 and is headquartered in Detroit, Michigan. The current CEO is David Dauch.
The YTD performance for AXL is 27.70%.
- Earnings Yield: 26.95%
- 52-week range: $21.73 – $67.28
- Analyst Price target: $61.19
- Price/Free Cash Flow: 6.05
- Price/Sales: 0.31
- Price/Earnings: 6.80
Strattec Security designs and manufactures automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers mechanical and electronically enhanced locks and keys, latches, power sliding side door systems, power tailgate and lift gate systems and door handles. The company markets its products to automotive and truck manufacturers in addition to non-automotive commercial customers. Strattec also exports products to Europe, South America, Asia and India.
The company was founded in 1908 and is headquartered in Milwaukee, Wisconsin. The current CEO is Frank Krejci.
The YTD performance for STRT is -18.94%.
We hope you enjoyed this list of the top Auto stocks that investors are buying in October 2021. Be sure to add these picks to your Watch List and if you haven’t done so already, check in on the performance of our Current Portfolio. Keep it simple and always do your due diligence.
This material is provided for informational purposes only and is not financial advice. The information contained herein should not solely be used for the formation of an investment decision, whether you are a long term or short term investor.