Hybrid nanofluids have gained much attention due to their better stability, enhanced thermal conductivity, and physical strength. This manuscript investigates nanofluid flow, induced due to an infinite plate, which is moving (at a constant velocity) toward/receding from normal stagnation point flow. The surface of the plate is suspended and immersed with water as a base fluid and nanoparticles, namely Copper and Alumina. The flow is governed by Reynolds number (Re), which is proportional to the constant velocity of the moving plate and is an exact reduction of the Navier–Stokes equations. Moreover, Hiemenz’s planar and Homann’s axisymmetric flows normal to the stagnation point are considered. Heat transport analysis is carried out by using Cattaneo–Christov theory with Ohmic heating and heat source/sink effects. The governing equations are solved by bvp4c in MATLAB. The behavior of skin friction, flow, and energy distribution is perceived by variation of pertinent parameters. The numerical and asymptotic solutions are computed for the wall shear stress parameter. It is seen that the numerical solution matches its asymptotic behaviors over an intermediate range of small and large valued Reynolds number. The asymptotic values (small-Re) of wall stress reduces for plate advancing toward the stagnation-point flow and receding from the stagnation-point flow for Hiemenz and Homann flow. The increment in magnetic parameter reduced the fluid flow by generating a resistive force against it; however, the energy of the system is enhanced because of it. The augmentation of nanofluid volume fraction initiates the random motion among the nanoparticles which raises the temperature field. Thermal relaxation time parameter causes the particles to require supplementary time for the conduction of heat toward the adjacent particles, which declines the thermal transport. In general, the thermal transport is enhanced for the hybrid nanofluids rather than mono nanofluids.