5 Best Auto Stocks to Buy Now 2023

5 Best Auto Stocks to Buy Now 2023

In this post we are going to talk 3 Best Auto Stocks to Buy Now 2023. Auto stocks have not given some good performance for some time but in the coming time all these auto stocks can perform very well.

Best Auto Stocks to Buy Now 2023: ( Growth Stock )

Ferrari N.V. (NYSE: RACE)

Ferrari Stock

Ferrari is a company that designs, manufactures, and sells luxury sports cars, as well as providing racing cars, spare parts, and after sales services. It also licenses its brand for use on a range of luxury and lifestyle products, operates theme parks and museums, and offers finance and leasing services.

In addition, the company sells a line of apparel and accessories through its own stores and online, as well as through a global network of authorized dealers. Ferrari was founded in 1947 and is based in Maranello, Italy.

Ferrari N.V Results (Revenue, Earning, Financials Reports):

IN USD THOUSANDS

12/31/202112/31/202012/31/201912/31/2018
Total Revenue$4,856,876$4,233,246$4,228,066$3,909,966
Cost of Revenue$2,366,081$2,063,312$2,026,480$1,855,236
Gross Profit$2,490,795$2,169,935$2,201,586$2,054,730
Operating Income$1,215,207$870,536$1,025,890$941,781
Net Income$947,445$744,999$784,307$899,239
Ferrari N.V. (NYSE: RACE) Results

Oshkosh Corporation (NYSE: OSK)

Oshkosh Corporation Stock

Oshkosh Corporation is a specialty vehicle manufacturer that serves a range of industries including construction, defense, fire and emergency response, and commercial use. The company’s products include aerial work platforms, telehandlers, towing and recovery equipment, firefighting vehicles and equipment, concrete mixers, refuse collection vehicles, and field service vehicles.

It also offers rental fleet loans, floor plan financing, and vehicle parts sales. Oshkosh sells its products through a network of sales representatives, dealers, and distributors, and was founded in 1917 with headquarters in Oshkosh, Wisconsin. The company was previously known as Oshkosh Truck Corporation before changing its name in 2008.

Oshkosh Corporation Results (Revenue, Earning, Financials Reports):

IN USD THOUSANDS

9/30/20219/30/20209/30/20199/30/2018
Total Revenue$7,737,300$6,856,800$8,382,000$7,705,500
Cost of Revenue$6,516,500$5,736,500$6,864,600$6,346,900
Gross Profit$1,220,800$1,120,300$1,517,400$1,358,600
Operating Income$544,700$488,700$797,000$656,000
Net Income$472,700$324,500$579,400$471,900
Oshkosh Corporation (NYSE: OSK) Results

Toyota Motor Corp (NYSE: TM)

Toyota Motor Stock

Toyota is a global automaker that designs, manufactures, and sells a range of vehicles including passenger cars, minivans, commercial vehicles, and related parts and accessories. The company offers hybrid and fuel cell vehicles, as well as conventional engine cars and trucks.

Its product line includes subcompact and compact cars, mini-vehicles, luxury cars, sports cars, recreational and sport-utility vehicles, pickup trucks, minivans, and buses. In addition to automotive sales, Toyota also offers financial services such as retail financing and leasing, wholesale financing, insurance, and credit cards, and manufactures prefabricated housing.

The company operates in many regions around the world and was founded in 1933 with headquarters in Toyota, Japan. It also operates a web portal for automobile information called GAZOO.com.

Toyota Motor Corporation Results (Revenue, Earning, Financials Reports):

IN USD THOUSANDS

3/31/20223/31/20213/31/20204/1/2019
Total Revenue$258,534,000$246,286,000$276,657,000$273,078,000
Cost of Revenue$209,333,000$202,554,000$226,811,000$223,895,000
Gross Profit$49,200,000$43,732,000$49,847,000$49,184,000
Operating Income$24,681,000$19,889,000$22,224,000$22,293,000
Net Income$23,684,000$20,655,000$19,556,000$17,011,000
Toyota Motor Corp (NYSE: TM) Results

Best Auto High Dividend Stocks to Buy Now 2023:

Ford Motor Company (NYSE: F)

Ford Motor Stock

Ford is a global automaker that produces a range of vehicles including trucks, cars, sport utility vehicles, and luxury vehicles. The company operates in three segments: Automotive, Mobility, and Ford Credit.

The Automotive segment sells Ford and Lincoln vehicles, parts, and accessories through distributors, dealerships, and to commercial fleet customers, rental car companies, and governments. The Mobility segment designs and builds mobility services, and provides self-driving systems development services. The Ford Credit segment provides vehicle financing and leasing to retail and commercial customers, and offers loans to dealers to finance inventory, working capital, dealership facilities, and real estate.

Ford has a collaboration with ARB Corporation to develop aftermarket products for the new Ford Bronco. The company was founded in 1903 and is headquartered in Dearborn, Michigan.

Ford Motor Company Results (Revenue, Earning, Financials Reports):

IN USD THOUSANDS

12/31/202112/31/202012/31/201912/31/2018
Total Revenue$136,341,000$127,144,000$155,900,000$160,338,000
Cost of Revenue$119,903,000$121,359,000$144,165,000$145,732,000
Gross Profit$16,438,000$5,785,000$11,735,000$14,606,000
Operating Income$4,523,000-$4,408,000$574,000$3,203,000
Net Income$17,937,000-$1,279,000$47,000$3,677,000
Ford Motor Company (NYSE: F) Results

Honda Motor Co Ltd (NYSE: HMC)

Honda Motor Stock

Honda is a global company that produces motorcycles, automobiles, power products, and other products. It operates in four segments: Automobile Business, Financial Services Business, Motorcycle Business, and Life Creation and more Businesses.

The Motorcycle Business segment manufactures sports, business, and commuter motorcycles, as well as off-road vehicles such as all-terrain vehicles and side-by-sides. The Automobile Business segment offers light trucks, passenger cars and mini vehicles. The Financial Services Business segment provides retail and wholesale financing services to customers and dealers.

The Life Creation and Other Businesses segment manufactures and sells power products such as engines, generators, and lawn and garden equipment, as well as HondaJet aircraft. The company also sells spare parts and provides after-sale services through independent distributors, retail dealers and licensees. Honda was founded in 1946 and is based in Tokyo, Japan.

Honda Motor Corporation Results (Revenue, Earning, Financials Reports):

IN USD THOUSANDS

3/31/20223/31/20213/31/20203/31/2019
Total Revenue$119,899,000$119,190,000$138,308,000$143,548,000
Cost of Revenue$95,307,000$94,477,000$109,783,000$113,664,000
Gross Profit$24,591,000$24,713,000$28,524,000$29,884,000
Operating Income$7,178,000$5,975,000$5,869,000$6,562,000
Net Income$6,267,000$6,294,000$4,724,000$6,110,000
Honda Motor Co Ltd (NYSE: HMC) Results

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