Genuine Parts (GPC, Financial) experienced a notable stock movement with a 5.05% increase in share price, reaching $122.49 per share. The trading volume hit approximately 1 million shares with a turnover rate of 0.72% and a volatility of 2.83%.
Recent financial reports reveal Genuine Parts achieved a revenue of $5.97 billion and a net profit of $227 million, translating to an earnings per share (EPS) of $1.63. The company reported a gross profit of $2.092 billion with a price-to-earnings (P/E) ratio of 15.77. Among the 15 institutions that rated the stock, 40% recommended a buy, while the remaining 60% suggested holding, with no sell recommendations.
In the broader automotive parts industry, where Genuine Parts operates, the overall sector posted a growth of 0.94%. Noteworthy performers within the sector included Commercial Vehicle Group, Douglas Dynamics, and Miller Industries, Inc. Other active stocks were Carbon Revolution Public Limited Company, Hyzon Motors Inc., and Luminar Technologies, Inc., with turnover rates of 35.83%, 4.41%, and 3.68%, respectively. High volatility stocks included Innoviz Technologies Ltd, Commercial Vehicle Group, and Carbon Revolution Public Limited Company, with swings of 26.80%, 20.00%, and 15.22% respectively.
Genuine Parts is a leading distributor of aftermarket automotive parts and industrial products in the U.S and globally. Automotive sales contribute approximately 60% to their revenue, distributed through 9,800 retail locations, two-thirds of which are independently operated. In the U.S., under the Napa Auto Parts brand, it provides approximately 6,000 retail points, with around 80% of sales coming from professional customers. Its industrial division operates under the Motion banner, serving over 200,000 maintenance, repair, and original equipment manufacturer clients.
