5 Best Undervalued Automobile Stocks to Buy Now

1. Stellantis N.V. (NYSE:STLA)

PE Ratio as of July 8: 2.72

Number of Hedge Fund Holders: 29

Stellantis N.V. (NYSE:STLA) engages in the design, manufacture, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, and production systems worldwide. Some of the most prominent brands under which the company markets its products include Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, and Peugeot.

Analysts are bullish on Stellantis N.V. (NYSE:STLA). On July 7, UBS analyst Patrick Hummel trimmed his price target on Stellantis N.V. (NYSE:STLA) to EUR 18.50 from EUR 25 but reiterated a Buy rating on the shares.

As of July 8, Stellantis N.V. (NYSE:STLA) has a trailing-twelve-month PE ratio of 2.72 and is offering a forward dividend yield of 8.66%, factors that make it rank high among the best undervalued automobile stocks to buy now.

At the end of Q1 2022, 29 hedge funds held stakes in Stellantis N.V. (NYSE:STLA). The total value of these stakes came in at $1.25 billion. This is compared to 23 hedge funds in Q4 2021 with stakes worth $1.25 billion.

As of March 31, Arrowstreet Capital is the leading shareholder in Stellantis N.V. (NYSE:STLA) and owns over 50.6 million shares of the company. The fund’s stakes were valued at $829.49 million and the investment covers 1.03% of its 13F portfolio.

You can also take a look at 10 Electric Car Stocks to Buy for 2022 and 10 Best Self Driving Car Stocks to Invest In.

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