GPC Stock Summary and Trading Ideas (Genuine Parts Company | NYSE:GPC)

Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to over 200,000 maintenance, repair, and original equipment manufacturer clients.

Genuine Parts Company trades on the NYSE stock market under the symbol GPC.

As of May 15, 2024, GPC stock price climbed to $155.69 with 195,662 million shares trading.

GPC has a beta of 0.64, meaning it tends to be less sensitive to market movements. GPC has a correlation of 0.11 to the broad based SPY ETF.

GPC has a market cap of $21.71 billion. This is considered a Large Cap stock.

Last quarter Genuine Parts Company reported $6 billion in Revenue and $2.22 earnings per share. This fell short of revenue expectation by $-56 million and exceeded earnings estimates by $.06.

In the last 3 years, GPC stock traded as high as $187.73 and as low as $115.63.

The top ETF exchange traded funds that GPC belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

GPC has underperformed the market in the last year with a price return of -6.5% while the SPY ETF gained +30.2%. However, in the short term, GPC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.8% vs +6.4% return in SPY. But in the last 2 weeks, GPC shares have been beat by the market, returning -1.0% compared to an SPY return of +5.4%.

GPC support price is $153.75 and resistance is $157.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GPC stock will trade within this expected range on the day.