Genuine Parts (GPC)

• Market cap: $16.1B
• 1 day: 0.97%
• 5 days: -4.47%
• 1 month: -4.17%
• 3 months: -15.54%
• 6 months: -18.17%
• Year to date: -16.19%
• 1 year: -15.43%
• 5 years: 9.19%
• 10 years: 8.71%
• Sector: Consumer Discretionary
• Industry: Motor Vehicle Supplies & New Parts

About: 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 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of end market sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.

Employees: 60,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

199% more call options, than puts

Call options by funds: $123M | Put options by funds: $40.9M

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

3% less capital invested

Capital invested by funds: $15.7B [Q2] → $15.3B (-$420M) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 381 | Existing positions reduced: 421

2.5% less ownership

Funds ownership: 81.97% [Q2] → 79.47% (-2.5%) [Q3]

3% less funds holding

Funds holding: 1,123 [Q2] → 1,090 (-33) [Q3]

26% less first-time investments, than exits

New positions opened: 95 | Existing positions closed: 128

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $120 4% upside
• Avg. target: $128 11% upside
• High target: $138 19% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Truist Securities Scot Ciccarelli 63% 1-year accuracy 45 / 71 met price target	11% upside $129	Buy Maintained	23 Oct 2024
Wedbush Seth Basham 72% 1-year accuracy 101 / 141 met price target	4% upside $120	Neutral Maintained	23 Oct 2024
Goldman Sachs Kate McShane 63% 1-year accuracy 25 / 40 met price target	19% upside $138	Neutral Maintained	23 Oct 2024
Evercore ISI Group Greg Melich 84% 1-year accuracy 54 / 64 met price target	6% upside $123	In-Line Maintained	23 Oct 2024
UBS Michael Lasser 62% 1-year accuracy 21 / 34 met price target	8% upside $125	Neutral Maintained	23 Oct 2024