Today we are going to take a look at the best auto stocks to buy now, based on Insider Monkey’s latest article. Automotive industry is reported to be among the largest and most profitable industries in the world, no wonder the competition is very fierce among the largest players. Many of these companies are publicly traded, therefore investors can buy shares and gain profits as these companies grow.
There are several factors that are worth checking out before investing in auto stocks. Sales are generally cyclical, so before investing it’s a good idea to check the company’s cash position and fixed costs. Another point to take into consideration which is the company’s position regarding to the latest consumer and political trends.
And now, after all this introduction, let’s check out what Insider Monkey has investigated for you. Ford Motor Company (NYSE:F) stands on the fourth spot. At the end of the third quarter there were 38 funds holding $1.08 billion worth of stock. It shows large growth, as previously there were 30 funds with $791.59 million a quarter earlier. The top shareholders are John Campbell’s Arrowstreet Capital, Peter Rathjerns, and Bruce Clarke having 49.43 million shares, up by 44% on the quarter. Other investors comprise Richard S. Pzena’s Pzena Investment Management, Edgar Wachenheim’s Greenhaven Associates, and Ken Griffin’s Citadel Investment Group. At the beginning of December, Ford Motor Company reported to have had a decline of 20.9% on the year to 149,931 vehicles. On the second spot, we can see General Motors Company (NYSE:GM). General Motors is the second most popular automotive stock among funds, we learnt from Insider Monkey. The top investor is still billionaire Warren Bufett’s Berkshire Hathaway reporting ownership of 80 million shares in its latest 13F filing. In the recent times, GM had to recall around 7 million SUV and pickup, as Takata air bags were potentially faulty. Replacing the inflators was to reported to reach more than $1 billion. According to Insider Monkey’s investigation, General Motors will offer 30 electric vehicles around the world. For further information, please skip to the list of the best auto stocks to buy now.