The Automotive industry as a whole closed the day down 0.1% versus the S&P 500, which was up 0.1%. Laggards within the Automotive industry included

SORL Auto Parts

(

SORL

), down 12.3%,

Unique Fabricating

(

UFAB

), down 7.4%,

Spartan Motors

(

SPAR

), down 2.6%,

Fox Factory

(

FOXF

), down 1.8% and

Fenix Parts

(

FENX

), down 2.8%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Spartan Motors

(

SPAR

) is one of the companies that pushed the Automotive industry lower today. Spartan Motors was down $0.13 (2.6%) to $4.79 on light volume. Throughout the day, 125,354 shares of Spartan Motors exchanged hands as compared to its average daily volume of 253,900 shares. The stock ranged in price between $4.67-$4.89 after having opened the day at $4.86 as compared to the previous trading day's close of $4.92.

Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, and sells heavy-duty and custom vehicles in the United States, Canada, South America, and Asia. Spartan Motors has a market cap of $167.2 million and is part of the consumer goods sector. Shares are down 6.5% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Spartan Motors a buy, no analysts rate it a sell, and 1 rates it a hold.

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TheStreet Ratings rates

Spartan Motors

as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins.

Highlights from TheStreet Ratings analysis on SPAR go as follows:

  • SPAR's revenue growth has slightly outpaced the industry average of 4.4%. Since the same quarter one year prior, revenues slightly increased by 0.3%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • SPAR's debt-to-equity ratio is very low at 0.03 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.02, which illustrates the ability to avoid short-term cash problems.
  • SPARTAN MOTORS INC's earnings per share declined by 50.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SPARTAN MOTORS INC turned its bottom line around by earning $0.04 versus -$0.18 in the prior year. This year, the market expects an improvement in earnings ($0.06 versus $0.04).
  • Net operating cash flow has significantly decreased to -$14.71 million or 510.71% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Auto Components industry. The net income has significantly decreased by 34.6% when compared to the same quarter one year ago, falling from -$2.14 million to -$2.88 million.

You can view the full analysis from the report here:

Spartan Motors Ratings Report

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At the close,

Unique Fabricating

(

UFAB

) was down $1.06 (7.4%) to $13.19 on light volume. Throughout the day, 15,944 shares of Unique Fabricating exchanged hands as compared to its average daily volume of 59,400 shares. The stock ranged in price between $12.70-$14.30 after having opened the day at $14.30 as compared to the previous trading day's close of $14.25.

Unique Fabricating has a market cap of $121.4 million and is part of the consumer goods sector. Shares are unchanged year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Unique Fabricating a buy, no analysts rate it a sell, and none rate it a hold.

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SORL Auto Parts

(

SORL

) was another company that pushed the Automotive industry lower today. SORL Auto Parts was down $0.27 (12.3%) to $1.93 on heavy volume. Throughout the day, 304,192 shares of SORL Auto Parts exchanged hands as compared to its average daily volume of 21,500 shares. The stock ranged in price between $1.91-$2.24 after having opened the day at $2.12 as compared to the previous trading day's close of $2.20.

SORL Auto Parts, Inc. develops, manufactures, and distributes automotive brake systems and other safety related auto parts. It operates in two segments, Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems. SORL Auto Parts has a market cap of $45.2 million and is part of the consumer goods sector. Shares are down 40.4% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates SORL Auto Parts a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates

SORL Auto Parts

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

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Highlights from TheStreet Ratings analysis on SORL go as follows:

  • SORL's revenue growth has slightly outpaced the industry average of 4.4%. Since the same quarter one year prior, revenues slightly increased by 4.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • SORL's debt-to-equity ratio is very low at 0.10 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, SORL has a quick ratio of 2.25, which demonstrates the ability of the company to cover short-term liquidity needs.
  • SORL AUTO PARTS INC has improved earnings per share by 14.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SORL AUTO PARTS INC increased its bottom line by earning $0.70 versus $0.49 in the prior year. This year, the market expects an improvement in earnings ($0.75 versus $0.70).
  • Net operating cash flow has increased to -$0.49 million or 39.70% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -1.50%.

You can view the full analysis from the report here:

SORL Auto Parts Ratings Report

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