5 Best Car Stocks To Buy Right Now

In this article, we discuss 5 best car stocks to invest in. If you want to read our discussion on the auto industry, head directly to 13 Best Car Stocks To Buy Right Now. 

5. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Holders: 39

Aptiv PLC (NYSE:APTV) is a global company engaged in designing, manufacturing, and selling vehicle components. The company focuses on providing electrical, electronic, and safety technology solutions for the automotive and commercial vehicle markets. On January 31, Aptiv PLC (NYSE:APTV) reported a Q4 non-GAAP EPS of $1.40, beating market consensus by $0.07. The revenue increased 5.6% year-over-year to $4.9 billion, but fell short of Wall Street estimates by $170 million. 

According to Insider Monkey’s fourth quarter database, 39 hedge funds were bullish on Aptiv PLC (NYSE:APTV), compared to 38 funds in the last quarter. Ian Simm’s Impax Asset Management is the largest stakeholder of the company, with 7.2 million shares worth approximately $652 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%.”