7 Best Car Stocks To Invest In Now

4. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 47

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

While Ford Motor Company (NYSE:F) has been struggling in light of high warranty costs being incurred on older models from 2016-2021, those who are following the company expect this situation to improve in the second half of 2024. This is because the company has recently jumped 14 spots to rank ninth in J.D. Power’s 2024 US Initial Quality Study.

Another factor that has raised investors’ hopes when it comes to Ford Motor Company (NYSE:F) is the Ford Pro division, which is incredibly important for the automaker’s profitability. In the first half of the year, Ford Pro increased revenue by 21% year-over-year to $5.6 billion. Subscriptions for the Ford Pro software also went up 35% in the second quarter.

In light of these positive factors, many investors expect Ford Motor Company (NYSE:F) to improve performance substantially as the year goes on, making this a worthwhile investment for long-term investors.

Ford Motor Company (NYSE:F) had 47 hedge funds long its stock in the second quarter, with a total stake value of $1.5 billion.