5 Best Car Stocks To Buy Right Now

3. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 40

Ford Motor Company (NYSE:F) is a global automotive company that develops, manufactures, and services a diverse range of vehicles, including trucks, commercial cars, vans, SUVs, and luxury vehicles under the Ford and Lincoln brands. It is one of the best auto stocks to consider. On February 6, Ford Motor Company (NYSE:F) reported a Q4 non-GAAP EPS of $0.29, beating market estimates by $0.17. The revenue of $46 billion increased 4% year-over-year. 

According to Insider Monkey’s fourth quarter database, 40 hedge funds were bullish on Ford Motor Company (NYSE:F), compared to 43 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the leading stakeholder of the company, with 59 million shares worth $721 million. 

Here is what Leaven Partners has to say about Ford Motor Company (NYSE:F) in its Q3 2022 investor letter:

“In our last quarterly letter, I briefly mentioned that the consensus estimates for corporate profits appeared to be a bit too sanguine. I referenced a Reuters article that reported, as of June 17, Wall Street expected S&P 500 earnings to grow by 9.6% in 2022, which was up from 8.8% in April and from 8.4% in January. That tune began to change at the end of July and accelerated in August and September, as major players, such as Ford (NYSE:F), has recently issued profit warnings and/or have withdrawn guidance. In response, Wall Street has altered its outlook: lowering third-quarter profit growth to 4.6% from 7.2% in early August and slashing full-year profit growth to 4.5%.”