Genuine Parts Co

GPC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$255.00	Mlschh	Qthkjrtk

Another Strong Quarter for Genuine Parts as Its Automotive, Industrial Businesses Show Resilience

Zain Akbari

Jul 27, 2022

Our $137 per share fair value estimate of narrow-moat Genuine Parts should not change much after it announced second-quarter earnings, with its industrial and automotive units showing strength despite inflation and macroeconomic uncertainty. We see little reason to alter our long-term forecast (mid-single-digit annual revenue growth rates, high-single-digit operating margins over the next decade) and suggest investors seek a more attractive entry point.

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