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Genuine Parts Co - Stock Quote GPC

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Morningstar's Genuine Parts Co Stock Analysis

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Is it the right time to buy or sell?

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Economic Moat

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Capital Allocation

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Inflation Should Not Upend Genuine Parts’ Value Proposition in Its Automotive or Industrial Units

Zain Akbari, CFA Equity Analyst

Business Strategy and Outlook

| Zain Akbari, CFA |

While the pandemic has posed challenges for Genuine Parts, the situation has not altered the firm’s long-term strength. 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

Genuine Parts Co's Company Profile

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 Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 52,000

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