5 Fastest Growing Auto Stocks to Buy

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1. Modine Manufacturing Company (NYSE:MOD)

1-year stock price growth as of October 20: 162.48%

Modine Manufacturing Company (NYSE:MOD) is an auto parts manufacturing company. The company has tons of products in its portfolio, but it is widely known for its battery thermal management systems and electronics cooling packages. It also produced aftercoolers for the P-51 Mustang fighter plane during World War II. With 162.48% stock price growth in the last twelve months, Modine Manufacturing Company (NYSE:MOD) takes the top spot on our list of fastest-growing auto stocks.

On October 10, Modine Manufacturing Company (NYSE:MOD) announced that it will expand its presence in Europe by 2024. Its Italy-based manufacturing plant will start to manufacture its EVantage thermal management systems for heavy-duty, commercial, and specialty vehicle manufacturers in Europe.

In the second quarter, GAMCO Investors owned a little less than 2.8 million shares of Modine Manufacturing Company (NYSE:MOD) worth approximately $91.7 million, making it the company’s most prominent stakeholder.

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