Genuine Parts Company’s Stock Price Skyrockets to $160.23, Marking an Impressive 11.22% Increase

Genuine Parts Company (GPC)

160.23 USD +16.16 (+11.22%) Volume: 3.91M

Genuine Parts Company’s stock price soars to $160.23, marking an impressive trading session increase of +11.22%, driven by a substantial trading volume of 3.91M. The company’s robust YTD performance, showing a gain of +15.69%, reflects a promising investment opportunity in the automotive parts industry.

Latest developments on Genuine Parts Company

Enthusiastic investors are driving a surprising 16% rally in Genuine Parts Co‘s stock today, following the company’s release of their first quarter 2024 results. Despite a revenue miss, Genuine Parts reported a Q1 EPS of $2.22, beating estimates, amidst modest sales growth, which has sparked increased interest from the market. This comes in the wake of a significant increase in short interest and some large scale selling of shares. However, the company’s stock continues to outperform competitors, even with daily losses, reflecting the overall strength of Genuine Parts Co‘s financial standing.

Genuine Parts Company on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Genuine Parts Co, highlighting the company’s strong performance in Q4 2023. The company exceeded $23 billion in total sales, showing a nearly $1 billion increase from the previous year. Notably, Genuine Parts Co‘s total company segment profit margins improved by 50 basis points to nearly double digits, marking the third consecutive year of double-digit earnings growth. Additionally, the company returned $788 million to shareholders and reported a 68th consecutive annual increase in dividends.

A look at Genuine Parts Company Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Genuine Parts Co has a positive long-term outlook. With high scores in Growth and Dividend, the company shows strong potential for future expansion and consistent returns for investors. Additionally, Momentum is also strong, indicating that the company has been performing well recently. However, lower scores in Value and Resilience suggest that there may be some challenges ahead in terms of valuation and ability to withstand economic downturns.

Genuine Parts Co, a company that distributes automotive and industrial replacement parts, office products, and electrical/electronic materials, has a mixed outlook according to the Smartkarma Smart Scores. While the company excels in areas such as Growth and Dividend, indicating strong performance and shareholder returns, it may face challenges in terms of valuation and resilience. Overall, Genuine Parts Co‘s diverse business operations in the United States, Canada, and Mexico position it well for long-term success, but investors should be mindful of the potential risks associated with lower scores in certain areas.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma