Genuine Parts (GPC)

• Market cap: $16.7B
• 1 day: 1.31%
• 5 days: 2.99%
• 1 month: 3.35%
• 3 months: -16.11%
• 6 months: -13.23%
• Year to date: 3.46%
• 1 year: -16.37%
• 5 years: 18.39%
• 10 years: 22.82%
• 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: $16B [Q2] → $15.6B (-$400M) [Q3]

9% less first-time investments, than exits

New positions opened: 97 | Existing positions closed: 107

10% less repeat investments, than reductions

Existing positions increased: 381 | Existing positions reduced: 421

2.41% less ownership

Funds ownership: 83.21% [Q2] → 80.79% (-2.41%) [Q3]

3% less funds holding

Funds holding: 1,123 [Q2] → 1,092 (-31) [Q3]

Research analyst outlook

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

• Low target: $120 0% upside
• Avg. target: $132 10% upside
• High target: $155 29% upside

7 analyst ratings

• positive: 3 43%
• neutral: 4 57%
• negative: 0 0%

Loop Capital Chris Dankert 64% 1-year accuracy 9 / 14 met price target	29% upside $155	Buy Initiated	16 Jan 2025
Truist Securities Scot Ciccarelli 63% 1-year accuracy 44 / 70 met price target	7% upside $129	Buy Maintained	23 Oct 2024
Wedbush Seth Basham 65% 1-year accuracy 90 / 138 met price target	0% downside $120	Neutral Maintained	23 Oct 2024
Goldman Sachs Kate McShane 64% 1-year accuracy 25 / 39 met price target	15% upside $138	Neutral Maintained	23 Oct 2024
Evercore ISI Group Greg Melich 80% 1-year accuracy 51 / 64 met price target	2% upside $123	In-Line Maintained	23 Oct 2024