5 Best Auto Stocks to Invest In

In this article, we discuss the 5 best auto stocks to invest in. If you want to find out more about the industry, take a look at 10 Best Auto Stocks to Invest In.

5. Stellantis N.V. (NYSE:STLA)

Number of Hedge Fund Holders: 25

Stellantis N.V. (NYSE:STLA) is a Dutch automaker that is also one of the oldest car companies in the world as it was founded in 1899. The company makes and sells cars, commercial vehicles, engines, and transmission systems.

Stellantis N.V. (NYSE:STLA) has some of the strongest market shares among all its peers. The company’s European market share stands at 33%, its Latin America share is 30.7%, and it has a dominant position in the large commercial electric vehicle market by holding half or 50% of the market. It also has a fortress balance sheet via holding EUR60 billion in cash, which leads to a cash per share of $19.08 and net cash per share of $10. This in turn is very close to its current share price, and should the share price grow even marginally, then the potential investor might benefit heavily.

RBC Capital increased Stellantis N.V. (NYSE:STLA)’s share price target to EUR21 from EUR19 in August 2022. Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 25 had held a stake in the company.

Out of these, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is Stellantis N.V. (NYSE:STLA)’s largest investor, owning 36 million shares that are worth $456 million.