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Best car stocks to buy in 2022

Best car stocks to buy in 2022

When you consider investing in the automotive industry, you probably think of automotive manufacturing first. But auto stocks are so much more than just automakers. You can invest in suppliers and even dealers. No matter what type of business you want to invest in, it is essential to your research that the business is well positioned for growth, given current market trends and its business strategy, as well as a management team. Read on to see some of the best auto stocks in 2022 and beyond.

Winnebago Industries (WHO)

Winnebago Industries is an RV manufacturer offering a wide variety of products including trailers, fifth wheels, toy trailers and travel trailers. The company also provides financing for these products through its lending arm, Winnebago Financial. Winnebago has made several strategic acquisitions in recent years that have added additional products and market size to its business. The company sees good growth in the domestic market and strong international demand, which should drive future earnings growth.

ArcBest (ARCB)

ArcBest is one of the largest freight logistics companies in the US. The company has several business segments including freight brokerage, truckload, less than truckload, intermodal and logistics services. Although ArcBest is a smaller company, it has grown profitably in recent years as it has been able to expand its business due to strong demand for logistics services. As a result, ArcBest is one of the fastest growing companies in the industry and has a good track record for increasing shareholder value.

Landstar System (LSTR)

Landstar System is a logistics company that focuses on truckload and less than truckload. The company has a network of agents that book freight and provide logistics services to transport companies. Landstar has a very large network, with agents and customers in all 50 states. The company has grown its activities in recent years through both acquisitions and organic growth. Landstar has a strong position in the industry and has the potential to see earnings growth in the future as demand for freight logistics services continues to grow.

Old Dominion Freight Line (ODFL)

Old Dominion is a logistics company that focuses on the intermodal segment of the industry. In addition to providing logistics services, the company owns and operates rail cars used for moving goods between waterway, road and rail. Old Dominion’s business has grown significantly over the past decade, driven by strong demand for intermodal transport. The company has benefited from the growth in e-commerce and has been able to grow its business through organic growth.

Conclusion

Cars are an essential part of modern life. From personal vehicles to commercial vehicles such as buses, taxis and vans, cars are the engine of our economy. As new car sales are expected to continue to grow, it’s no surprise that auto stocks are a hot topic for investors.