Genuine Parts Co
GPC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|v.F@?@B>ww | LOCK|FMD | LOCK|?D^LK?g |
Genuine Parts Earnings: Results Still Under Pressure Amid Weak End Market Demand
We don’t plan to materially alter our $132 fair value estimate on narrow-moat Genuine Parts following the firm’s 2024 fourth-quarter earnings release. The top line expanded 3% (slightly outpacing our 2% forecast) but inflationary headwinds and operating deleverage prompted a 180-basis-point drop in the firm’s adjusted EBITDA margin to 7.5%, which closely aligned with our forecast.
