10 Best Automotive Stocks To Buy Now

4. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 47

Ford Motor Company (NYSE:F) is a reputable automobile manufacturing company. It is based in Dearborn, Michigan.

Many investors have been flocking to Ford Motor Company (NYSE:F) for years because of its incredibly cheap valuation. It’s currently trading with a P/E ratio of 5.9, which is significantly below the sector median of 15.9. Additionally, Ford Motor Company (NYSE:F) has been seeing immense growth so far this year, with the company’s second-quarter earnings call shedding light on the success of its Ford Pro business.

Ford Pro is the business segment dedicated to providing business productivity tools that link gas, diesel, and electric vehicles to manage fleets holistically. This segment alone brought in $70 billion in revenue for Ford Motor Company (NYSE:F) in the second quarter. The company has also managed to retain its strong financial position, with the second quarter ending with Ford Motor Company (NYSE:F) having about $27 billion in cash and $45 billion in liquidity.

Ford Motor Company (NYSE:F) was seen in the 13F holdings of 47 hedge funds in the second quarter, with a total stake value of $1.5 billion.