Steven Swenser wrote a post · Dec 9, 2021 17:57

Top Car Stocks for Q1 2022

$PORSCHE AUTO HL SE (POAHY.US)$ , $Tesla (TSLA.US)$ , and $Lucid Group (LCID.US)$ are top for value, growth, and momentum, respectively

The automobile sector outperformed the broader market over the past year. As of Dec. 6, 2021, the S&P 1500 Automobiles Industry Index posted a 39.6% in 1-year trailing return compared to the Russell 1000 return of 24.3% .

Here are the top 3 car stocks with the best value and the fastest growth. All numbers below are as of Dec. 7, 2021.

Best Value Car Stocks
These are the car stocks with the lowest 12-month trailing P/E ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows you’re paying less for each dollar of profit generated.
$PORSCHE AUTO HL SE (POAHY.US)$ $Workhorse (WKHS.US)$ $Honda Motor (HMC.US)$

Fastest Growing Car Stocks

These are the top car stocks with the highest year-over-year (YOY) sales growth for the most recent quarter. Rising sales can help investors identify companies that are able to grow revenue through organic or new ways, and find growing companies that have not yet reached profitability. In addition, earnings per share can be significantly influenced by accounting factors that may not reflect the overall strength of the business. However, sales growth can also be potentially misleading about the strength of a business, because growing sales on money-losing businesses can be harmful if the company has no plan to reach profitability.
$Tesla (TSLA.US)$ $PORSCHE AUTO HL SE (POAHY.US)$ $Li Auto (LI.US)$

Contents Excerpted from Investopedia.

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Steven Swenser

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