Genuine Parts (GPC)
116.25
-1.91 (-1.62%)
Genuine Parts Company is a leading distributor of automotive and industrial replacement parts, serving a diverse range of customers that include repair shops, dealers, and industrial clients
The company operates through various brands, offering a wide selection of products, from automotive components and accessories to industrial machinery and supplies. In addition to its extensive inventory, Genuine Parts is committed to providing exceptional customer service and support, ensuring that clients have the resources they need for maintenance and repair operations. With a focus on quality and reliability, the company plays a crucial role in the supply chain for the automotive and industrial sectors.
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Shares of the auto parts chain fell on a disappointing earnings report.
Via The Motley Fool · October 22, 2024
3 Reasons to Sell GPC and 1 Stock to Buy Instead
Over the last six months, Genuine Parts’s shares have sunk to $116.96, producing a disappointing 12.6% loss - a stark contrast to the S&P 500’s 8.8% gain. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
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Genuine Parts Q3 Earnings: Industrial Weakness And Europe Drag On Profit, Margins Shrink, Lowers Annual Outlookbenzinga.com
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Via Benzinga · October 22, 2024