5 Best Car Repair Stocks to Buy Now

4. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Holders: 38

Aptiv PLC (NYSE:APTV) is a global company that engages in the design, manufacture, and sale of vehicle components, specializing in electrical, electronic, and safety technology solutions for the automotive and commercial vehicle markets. Aptiv PLC (NYSE:APTV) was incorporated in 2011 and is headquartered in Dublin, Ireland. It is one of the best automotive stocks to monitor. 

On January 31, Aptiv PLC (NYSE:APTV) reported a Q4 non-GAAP EPS of $1.40, beating Wall Street estimates by $0.07. Revenue for the period increased 5.6% compared to the prior-year quarter, but fell short of analysts’ expectations by $170 million. 

According to Insider Monkey’s third quarter database, 38 hedge funds were bullish on Aptiv PLC (NYSE:APTV), compared to 40 funds in the preceding quarter. Ian Simm’s Impax Asset Management is the biggest position holder in the company, with 6.8 million shares worth $668.8 million. 

TimesSquare Capital U.S. Mid Cap Growth Strategy made the following comment about Aptiv PLC (NYSE:APTV) in its Q3 2023 investor letter:

“In Consumer-oriented sectors, we lean towards value-oriented or specialty retailers, franchise models, as well as premium brands. We have seen challenges this quarter stemming from falling consumer confidence and sentiment measures. Another benefit came from Aptiv PLC (NYSE:APTV), a supplier of electronic automotive technology for safety and entertainment systems. Second quarter revenues, operating margins, and earnings topped consensus estimates. Its -3% return outpaced the index sector average of -6%.”