AllAnalyst Report
logoMorningstarFebruary 15, 2024

Genuine Parts Company: Genuine Parts Earnings: Weakness in U.S. Automotive Weighs on an Otherwise Decent Quarter

Symbols
GPC
Sector(s)
Consumer Cyclical
Rating
Current Price
$159.93
Fair Value
Economic Moat
Stewardship
Summary

Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of nearly 9,700 global retail locations of which about two thirds are independently owned and operated. We estimate Genuine serves around 6,000 retail locations in the U.S. operating under the Napa Auto Parts brand, with about 80% of sales geared toward professional customers. Its industrial segment, primarily operating under the Motion banner in the U

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