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Genuine Parts Co GPC Stock Quote

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Morningstar‘s Stock Analysis GPC

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Is it the right time to buy or sell?

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Genuine Parts Is Poised for Long-Term Sales, Profit Growth, As It Leverages Its Global Scale

Zain Akbari, CFA Equity Analyst

Business Strategy and Outlook

| Zain Akbari, CFA |

As a top distributor of automotive and industrial parts (roughly two thirds and one third of net sales, respectively), Genuine Parts benefits from industry dynamics favoring its scale-enabled service levels. We believe it will use its cost advantage to boost sales through its ability to offer a wide variety of parts on short order, building inventory and cost leverage as sales rise while fortifying brand value in a way subscale peers cannot economically replicate.

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Key Statistics GPC

Company Profile GPC

Business Description

Genuine Parts sells automotive parts (about two thirds of net sales) and industrial components. The company sells vehicle parts to commercial and retail customers through roughly 9,700 stores worldwide, most of which are independently owned. Its industrial unit, primarily operating under the Motion Industries banner in the United States, supplies bearings, power transmission, industrial automation, hydraulic, and pneumatic components to maintenance, repair, and OEM clients.

Contact
2999 Wildwood Parkway
Atlanta, GA, 30339
T +1 678 934-5000
Industry Specialty Retail
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 52,000

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