5 Most Promising Car Stocks According to Analysts

3. Aptiv PLC (NYSE:APTV)

Number of Hedge Fund Holders: 41

One-year Average Price Estimate: $133.00

Although not a pure-play car stock, Ireland-based Aptiv PLC (NYSE:APTV) makes vehicle components that are widely used in the automotive industry. In February, Aptiv PLC (NYSE:APTV) jumped after the company, at an investor event, said it sees a path to a whopping $40 billion revenue and expects margin over 17% by 2030. Currently, Aptiv PLC (NYSE:APTV)’s revenue stands at around $17.5 billion while its margin is 9.1%, as of 2022.

Aptiv PLC (NYSE:APTV) said it will benefit from the new trends like EVs, automation and software usage in cars.

Hedge fund sentiment is strong for Aptiv PLC (NYSE:APTV). Insider Monkey’s database of 943 hedge funds shows that 41 funds had stakes in Aptiv PLC (NYSE:APTV) at the end of the fourth quarter of 2022. The total value of these stakes was $1.5 billion.