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S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
New AI Stock Payouts (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Options Trading Plan–Perfect For Beginners (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
Options Trading Plan–Perfect For Beginners (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
New AI Stock Payouts (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Options Trading Plan–Perfect For Beginners (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
Options Trading Plan–Perfect For Beginners (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
New AI Stock Payouts (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
Options Trading Plan–Perfect For Beginners (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
Options Trading Plan–Perfect For Beginners (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
NYSE:GPC

Genuine Parts (GPC) Stock Forecast, Price & News

$146.99
+0.64 (+0.44%)
(As of 09/25/2023 ET)
Compare
Today's Range
$146.10
$147.93
50-Day Range
$145.67
$168.02
52-Week Range
$145.30
$187.73
Volume
732,896 shs
Average Volume
986,750 shs
Market Capitalization
$20.64 billion
P/E Ratio
17.19
Dividend Yield
2.59%
Price Target
$177.00

Genuine Parts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
20.4% Upside
$177.00 Price Target
Short Interest
Healthy
1.61% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.09
Upright™ Environmental Score
News Sentiment
1.32mentions of Genuine Parts in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.33%
From $9.24 to $10.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.81 out of 5 stars

Auto/Tires/Trucks Sector

13th out of 91 stocks

Motor Vehicle Supplies & New Parts Industry

1st out of 1 stocks


GPC stock logo

About Genuine Parts (NYSE:GPC) Stock

Genuine Parts Company is a leading distributor of office products, automotive and industrial replacement parts, and electrical/electronic materials. The company was founded in 1928 and is headquartered in Atlanta, Georgia, with operations in North America, Europe, Asia-Pacific, and Africa. GPC's mission is to provide quality products and services that exceed customer expectations and enhance shareholder value.

GPC operates through four business segments: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. The Automotive Parts Group provides replacement parts, accessories, and supplies for automobiles, trucks, and other vehicles. The Industrial Parts Group includes replacement parts, equipment, and supplies for industrial applications such as mining, manufacturing, and construction. The Office Products Group provides businesses and consumers with office supplies, furniture, and technology products. The Electrical/Electronic Materials Group provides electrical and electronic components, wire and cable products, and data communication products to customers in various industries.

GPC's target market includes commercial and retail customers across various industries, including automotive repair shops, industrial facilities, government agencies, and schools. The company's key customers include NAPA Auto Parts, Motion Industries, S.P. Richards, and EIS Inc.

GPC has achieved several key milestones over the years, including its inclusion in the Fortune 500 list and recognition as one of the World's Most Ethical Companies by the Ethisphere Institute.

The GPC management team is led by Paul D. Donahue, who has been Chief Executive Officer since 2016. Donahue has been with GPC for over 40 years and has held various leadership positions. 

GPC reported that total revenues and net income had increased over the past few years. GPC has a high debt level but also enough assets to cover the debt. GPC's current price-to-earnings ratio is slightly below the industry average, and the price-to-sales ratio is below the industry average. GPC's dividend yield is above the industry average.

GPC's stock has performed well over the past few years. The stock experienced a COVID-19 pandemic drop in Q1 of 2020, dropping the price to about $50. The stock has since rebounded to over $150 per share. 

The automotive and industrial parts distribution industry is highly competitive, with several prominent players competing for market share. GPC's main competitors include O'Reilly Automotive, Inc., Advance Auto Parts, Inc., and W.W. Grainger, Inc. The industry is subject to regulatory and political risks, such as changes in environmental regulations or trade policies. GPC is competitive in the industry due to its scale, product range, and distribution capabilities. The company has also invested heavily in technology and digital capabilities to enhance customer service and supply chain efficiency.

Genuine Parts Company has several growth opportunities that could help it expand its business and increase revenue. One of the key areas of focus for the company is its e-commerce platform, which has become increasingly important in recent years. The company has invested heavily in its online capabilities, including launching new websites and improving its mobile app. In 2021, the company launched a new e-commerce platform called PartsTech, which allows customers to search for and order parts from various suppliers quickly.

The company also expands its footprint in the automotive aftermarket industry through acquisitions. In 2020, the company acquired Todd Group, a leading automotive aftermarket parts and supplies distributor in the Pacific Northwest. This acquisition helped expand the company's regional presence and provided access to new customers and markets.

Another growth opportunity for Genuine Parts Company is international expansion. The company operates in over 30 countries, focusing on Europe and Australasia. In 2021, the company announced plans to expand its footprint in Australia by acquiring Inenco Group, a leading distributor of industrial parts and supplies in the region. This acquisition will help the company establish a more substantial presence in the Australian market and provide access to new customers and markets.

Genuine Parts Company has several competitive advantages that give it an edge. One of the company's key strengths is its extensive distribution network, which includes over 3,100 locations worldwide. This network allows the company to reach various customers, from independent repair shops to large national chains.

While Genuine Parts Company has several strengths, some risks and challenges could impact the company's performance. One of the company's biggest challenges is the increasing competition in the automotive and industrial markets. The company competes with a range of other distributors, including national chains and online retailers, which could pressure pricing and margins.

Genuine Parts Company is exposed to regulatory and political risks, particularly in international markets. Regulation changes or political instability could impact the company's ability to operate in specific regions or increase costs.

Genuine Parts Company has implemented several risk management strategies to mitigate these risks, including diversifying its product offerings and supplier base, investing in its supply chain capabilities, and maintaining a solid balance sheet.

GPC Price History

GPC Stock News Headlines

Why Auto Parts Retailers Are Heading in Different Directions (GPC)
There are many factors affecting stock performance for U.S. auto parts retailers - and some are dealing with these factors better than others
3 Dividend Kings Poised to Outperform the Market (GPC)
Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Evercore ISI Reaffirms Their Hold Rating on Genuine Parts Company (GPC)
3 Quality Auto Part Stocks to Add to Your Portfolio
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Genuine Parts Boosts FY23 Adj. EPS Outlook - Update
Genuine Parts Co Q2 Profit Decreases, but beats estimates
Genuine Parts Company (GPC) Gets a Buy from Truist Financial
See More Headlines
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GPC Company Calendar

Ex-Dividend for 7/3 Dividend
6/01/2023
Dividend Payable
7/03/2023
Last Earnings
7/20/2023
Ex-Dividend for 10/2 Dividend
9/07/2023
Today
9/25/2023
Dividend Payable
10/02/2023
Next Earnings (Estimated)
10/19/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle supplies & new parts
Sub-Industry
Distributors
CUSIP
37246010
Employees
58,000
Year Founded
1928

Price Target and Rating

Average Stock Price Forecast
$177.00
High Stock Price Forecast
$195.00
Low Stock Price Forecast
$160.00
Forecasted Upside/Downside
+20.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$1.18 billion
Pretax Margin
7.05%

Debt

Sales & Book Value

Annual Sales
$22.10 billion
Cash Flow
$10.93 per share
Book Value
$26.95 per share

Miscellaneous

Free Float
139,890,000
Market Cap
$20.64 billion
Optionable
Optionable
Beta
0.90

Social Links

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Key Executives

  • Mr. Paul D. Donahue (Age 66)
    Chairman & CEO
    Comp: $4.38M
  • Mr. William P. Stengel II (Age 45)
    Pres & COO
    Comp: $2.12M
  • Mr. Herbert C. Nappier (Age 48)
    Exec. VP & CFO
    Comp: $1.64M
  • Mr. Kevin E. HerronMr. Kevin E. Herron (Age 60)
    Pres of the U.S. Automotive Parts Group
    Comp: $1.24M
  • Mr. Randall P. BreauxMr. Randall P. Breaux (Age 60)
    Group Pres of GPC North America
    Comp: $2.26M
  • Mr. Naveen Krishna
    Exec. VP and Chief Information & Digital Officer
  • Mr. Sidney G. Jones
    Sr. VP of Investor Relations
  • Mr. Christopher T. Galla
    Sr. VP & Gen. Counsel
  • Ms. Jennifer L. Ellis
    VP of Compliance & Corp. Sec.
  • Mr. James R. Neill (Age 61)
    Exec. VP & Chief HR Officer













GPC Stock - Frequently Asked Questions

Should I buy or sell Genuine Parts stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GPC shares.
View GPC analyst ratings
or view top-rated stocks.

What is Genuine Parts' stock price forecast for 2023?

8 equities research analysts have issued 12 month target prices for Genuine Parts' stock. Their GPC share price forecasts range from $160.00 to $195.00. On average, they predict the company's share price to reach $177.00 in the next year. This suggests a possible upside of 20.4% from the stock's current price.
View analysts price targets for GPC
or view top-rated stocks among Wall Street analysts.

How have GPC shares performed in 2023?

Genuine Parts' stock was trading at $173.51 on January 1st, 2023. Since then, GPC stock has decreased by 15.3% and is now trading at $146.99.
View the best growth stocks for 2023 here
.

Are investors shorting Genuine Parts?

Genuine Parts saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 2,320,000 shares, an increase of 6.4% from the July 31st total of 2,180,000 shares. Based on an average daily volume of 906,500 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.7% of the company's stock are short sold.
View Genuine Parts' Short Interest
.

When is Genuine Parts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our GPC earnings forecast
.

How were Genuine Parts' earnings last quarter?

Genuine Parts (NYSE:GPC) released its quarterly earnings data on Thursday, July, 20th. The specialty retailer reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.10. The specialty retailer earned $5.92 billion during the quarter, compared to analyst estimates of $5.96 billion. Genuine Parts had a net margin of 5.30% and a trailing twelve-month return on equity of 32.43%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.20 EPS.
Read the conference call transcript
.

How often does Genuine Parts pay dividends? What is the dividend yield for Genuine Parts?

Genuine Parts declared a quarterly dividend on Tuesday, August 15th. Stockholders of record on Friday, September 8th will be given a dividend of $0.95 per share on Monday, October 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for GPC
.

Is Genuine Parts a good dividend stock?

Genuine Parts (NYSE:GPC) pays an annual dividend of $3.80 per share and currently has a dividend yield of 2.60%. The company has been increasing its dividend for 68 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GPC will have a dividend payout ratio of 37.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GPC.

What guidance has Genuine Parts issued on next quarter's earnings?

Genuine Parts updated its FY23 earnings guidance on Thursday, July, 20th. The company provided earnings per share (EPS) guidance of $9.15-9.30 for the period, compared to the consensus estimate of $9.08. The company issued revenue guidance of $22.98-23.42 billion, compared to the consensus revenue estimate of $23.46 billion.

What is Paul Donahue's approval rating as Genuine Parts' CEO?

41 employees have rated Genuine Parts Chief Executive Officer Paul Donahue on Glassdoor.com. Paul Donahue has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Genuine Parts own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Genuine Parts investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Coca-Cola (KO), AbbVie (ABBV), Pfizer (PFE), Procter & Gamble (PG), Cisco Systems (CSCO) and Chevron (CVX).

What is Genuine Parts' stock symbol?

Genuine Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPC."

Who are Genuine Parts' major shareholders?

Genuine Parts' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.56%), State Street Corp (5.23%), Geode Capital Management LLC (2.16%), Wells Fargo & Company MN (2.05%), Imprint Wealth LLC (1.86%) and Charles Schwab Investment Management Inc. (1.53%). Insiders that own company stock include John R Holder, Kevin Herron, Paul D Donahue and Randall P Breaux.
View institutional ownership trends
.

How do I buy shares of Genuine Parts?

Shares of GPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Genuine Parts' stock price today?

One share of GPC stock can currently be purchased for approximately $146.99.

How much money does Genuine Parts make?

Genuine Parts (NYSE:GPC) has a market capitalization of $20.64 billion and generates $22.10 billion in revenue each year. The specialty retailer earns $1.18 billion in net income (profit) each year or $8.55 on an earnings per share basis.

How many employees does Genuine Parts have?

The company employs 58,000 workers across the globe.

Does Genuine Parts have any subsidiaries?
The following companies are subsidiares of Genuine Parts: Alliance Automotive Group, Auto-Camping, Covs Parts, GPC ASIA PACIFIC HOLDINGS PTY LTD, GPC EUROPE AUTOMOTIVE GROUP LTD., Hastings Auto Parts, Hydraulic Supply Co., Inenco Group, KDG, MOTION ASIA PACIFIC PTY LTD, MOTION INDUSTRIES INC., Merle's Automotive Supply, NATIONAL AUTOMOTIVE PARTS ASSOCIATION LLC, Olympus Imported, Sparesbox, and UAP INC..
Read More
How can I contact Genuine Parts?

Genuine Parts' mailing address is 2999 WILDWOOD PARKWAY, ATLANTA GA, 30339. The official website for the company is www.genpt.com. The specialty retailer can be reached via phone at (678) 934-5000, via email at webmaster@genpt.com, or via fax at 770-956-2211.

This page (NYSE:GPC) was last updated on 9/26/2023 by MarketBeat.com Staff

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