Genuine Parts Co

GPC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$414.00	Bhxmfb	Yvzvbtky

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

Noah Rohr

Feb 15, 2024

Narrow-moat Genuine Parts delivered fiscal fourth-quarter results that mostly fell in line with our expectations, though continued strength in industrial distribution was partially offset by weaker-than-expected performance in its domestic automotive business. Still, we do not expect to materially alter our $146 fair value estimate and note that shares currently trade in fairly valued territory.

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