Auto Stocks: Values Or Traps?

3.  Toyota Motor Corp. (TM - Free Reporthas risen 18% year-to-date and still trades with a forward P/E of just 9.2. It also pays a dividend but it’s the lowest of the three at “just” 2.6%. Is it a value or a trap?

4.  Ferrari N.V. (RACE - Free Reporthas been the hottest of the automaker stocks this year, as shares have jumped 55%. But over the last 3 months, they’re up just 0.2% as the rally has stalled. It’s not as cheap, on a P/E level, at 37x. But does the growth justify the price?

5.  Tesla (TSLA - Free Reportis the only one of the five whose shares have fallen this year. They’re down 26.5% year-to-date. There’s still no P/E yet as analysts expect another year of losses in 2019. But with shares on the decline, is this a buying opportunity or a trap?

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Disclaimer: Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the  more

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