3 Overlooked Auto Winners in a Rapidly Evolving Industry
If one thing is true about investors, it's that they all love to find the next high-flying stock, or overlooked hidden gem that will give them returns worth bragging about. Here are three auto stocks that many investors may be overlooking, but shouldn't.
While 's (NYSE: RACE) vehicles and its iconic logo are well known, the stock is often overlooked by investors as it sits in the capital-intensive and historically low-margin automotive industry. However, that's a mistake, as the company has many competitive advantages that separate it from typical automakers.
Let's start with an eye-catching statistic: Ferrari's operating margin is nearly 3 times higher than other automakers'. In fact, Ferrari's operating margin typically hovers between 25% and 30%, while most automakers struggle to top 10%.
Source Fool.com
Ferrari NV Stock
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 414 € there is a slightly positive potential of 8.55% for Ferrari NV compared to the current price of 381.4 €.
