g class="alignleft" src="https://www.marketbeat.com/logos/articles/small_Depositphotos_271794218_s-2019.jpg" alt="The Top 3 Car Stocks to Buy Now" width="660" height="440" />Even though there are valid concerns surrounding how the global chip shortage will affect automobile sales in the short term, there are still plenty of intriguing car stocks to consider adding at this time. With several long-term trends that are transforming the auto industry such as the rise of electric vehicles and pent-up demand given strong consumer savings levels and low interest rates, various auto companies are poised to generate strong earnings in 2021 and beyond. Keep in mind that the chip shortage won’t last forever, and if the highest quality car companies face selling pressure in the near term it could be a great buying opportunity. Before you consider General Motors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and General Motors wasn't on the list.
While General Motors currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.